FGV Holdings (FGV) venture into banana clonal research seems to be seeing results. According to group chief executive officer, Datuk Haris Fadzilah Hassan, it is set to fulfil an estimated 30 percent of national consumption demand for the fruit by 2021.
The CEO said FGV’s Innovation Centre in Bandar Enstek has been producing banana clone varieties since 2004. Production kicked off in 2007 to fulfil the demand for intercropping during oil palm replanting.
It is now targeting one million banana clones in 2021, an increase of 100 percent from the current production. The effort has enabled FGV to fulfil 30 percent of the local consumption demand by 2021.
“This is in line with FGV’s strategic move to expand its Integrated Farming initiatives and at the same time increase local banana production with a target of 50 percent market share or equivalent to 1.7 million seedlings by 2022 which will ultimately improve banana farmers’ livelihoods in Malaysia,” Haris added.
FGV’s high-quality banana clonal seedlings have been proven with over six million berangan banana ramets sold between 2007 to July 2020, making FGV one of the biggest producers of banana clonal seedlings in Malaysia, he revealed in a statement.