FGV expands palm oil seed market in India, targeting to sell 1.5 million seeds by 2021

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KUALA LUMPUR, Nov. 4 — FGV Holdings Bhd (FGV) is expanding its presence in India’s oil palm seed market by targeting to sell another 1.5 million seeds by 2021 following growing market demand for premium oil palm seeds in the country. The group said to date

The group said to date, FGV has secured sales of one million oil palm seeds to India through the FGV’s Yangambi ML161 brand, the number one oil palm planting material with a 43 per cent market share inIn a statement today, the group said the latest buyer was FGV Pre Unique, a joint-venture company between FGV and Pre-Unique Pvt Ltd established to penetrate India’sFGV Pre Unique would also act as FGV’s vehicle to expand its seed market in India, mainly in the states of Andhra Pradesh and...

FGV group chief executive officer Datuk Haris Fadzilah Hassan said Yangambi ML161 possesses distinct characteristics compared to other varieties as it gives a higher percentage of oil extraction and bunch number with medium-sized bunches, making it one of the most preferred seed types in the

 

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