FGV To Supply Premier Oil Palm Seeds To Planters In Mindanao

KUALA LUMPUR, May 25 (Bernama) -- Felda Global Ventures Holdings Bhd (FGV) subsidiary Felda Agriculture Services Sdn Bhd (FASSB) has ventured into the Philippine market to supply its premier oil palm seeds to planters in Mindanao. FASSB signed a Memorandum of Collaboration with the Philippines' Bali Oil Palm Produce Corporation (BOPPC) recently to explore the possibility of collaborating in agriculture-related products and services, said FGV in a statement here. Under the collaboration, which will be a springboard for Mindanao to become one of the major world-class palm oil exporters together with FGV and other top world producers, FASSB is committed to delivering the first oil palm seeds to the Philippine Coconut Authority (PCA) and BOPPC this year. It it also to deliver 110,000 and one million DxP oil palm germinated seeds to PCA and BOPPC respectively, commencing June this year. “We are indeed very glad to be associated with BOPPC in providing us the opportunity to be involved in the Philippine market through the introduction of our premier oil palm seeds, fertilisers and other related agricultural products," said FGV Senior Vice-President and Head of R&D and Agri Services, S. Palaniappan. FGV produces over 25 million seeds annually and its export markets include Indonesia, Papua New Guinea, Honduras, Cambodia, Sierra Leone, Ethiopia, Myanmar, Thailand, Sri Lanka and Gabon. The development of FASSB’s oil palm planting material is backed by a comprehensive R&D programme started 47 years ago. -- BERNAMA