More than 400 guests attended the groundbreaking ceremony to mark the start of DSTE Capital Limited’s first phase of MD2 pineapple planting. This first phase sees the planting of 40 ha of MD2 pineapples in DSTE owned farms in Padang Lembu, Kedah. This will add up to two million MD2 pineapple plants in DSTE farms.
“This is just the first step to the deploying of smart farming technologies in all DSTE owned farms,” DSTE Capital Limited CFO Dr Chin Kuen Liang said. “In the next six to 12 months, we intend to plant 400 ha of MD2 pineapple, meaning a total of 20 million MD2 pineapple plants will be planted in DSTE-owned farms across various states in Malaysia. All MD2 pineapple seeds in DSTE farms are legally obtained from Malaysia Pineapple Industry Board and its produce is qualified to be exported overseas.”
“At the moment, the demand is high from China and we are only able to supply 7% of the total MD2 pineapple market in China. The market is still growing and there is a lot of potential.”
Upon completion of the 400 ha planting across DSTE farms, DSTE Capital Limited will be the largest producer of MD2 pineapples in Malaysia.