BUILDING VALUE AT OUR CORE SEC 5 76 One of our paramount initiatives within the segment is aligning our strategies with the national food security agenda. We have made notable progress in expanding the Fortified Field® Contract Farming Programme, emphasising sustainable farming practices. This expansion covers a diverse range of crops, including MD2 pineapple, cavendish banana, paddy, watermelon, chilli, sweet corn, fragrant rice and native chicken, spanning 1,395 Ha nationwide. Under this programme, farmers receive guidance in the Fortified Field® farming practices to help boost their productivity and enhance product quality while ensuring resources to optimise farming methods that promote soil health, conserve water and reduce environmental impact. To further enhance productivity through technological advancements, we have implemented several initiatives, including the 100% use of transplanters for planting, deployment of drones for plant surveillance, and application of precise fertiliser and pest control methods. In supporting local farmers and community development initiatives, we allocated 175 Ha for the MD2 pineapple plantation under FELDA’s Program Pembangunan Peneroka (PPP) and Inisiatif Pendapatan Rakyat (IPR). This collaboration with FELDA and the Northern Corridor Implementation Agency (NCIA) aims to enhance the livelihoods of B40 participants by offering technical support, knowledge sharing, and market access. Our goal is to foster economic growth within these communities. ANIMAL FEED Overview FGV produces animal feed, minerals, and additives for livestock and poultry under the ALMA brand, utilising PKE sourced from our RSPO-certified palm oil mill. These products provide essential nutrients necessary for the growth and health of beef and dairy cattle, goats, poultry and rabbits. With a steadfast commitment to sustainability and quality, ALMA has become one of the preferred choices for farmers and livestock producers nationwide. In 2023, we expanded both our customer base and distributorship network, reaching 151 direct customers and 21 distributors, thus increasing our market share and sales volume to 64,105 MT as compared to 63,798 MT in 2022. Additionally, the introduction of three new products of modified PKE, Black Soldier Fly (BSF) Frass, and Larvae, as alternative protein sources for animal feed, additives and minerals further contributed to our sales volume. GROUP BUSINESS REVIEW Operationally, we completed the construction of our factories in Kapar and Bukit Sagu. This included the installation of new pelletiser machines, each with a specific production focus aimed at enhancing our in-house product formulations. We have also completed and commissioned our BSF plant in September 2023, allowing us to initiate the production of dried BSF and frass. Animal Feed Sales Volume (MT) 64,105 63,798 38,261 2023 2022 2021 FGV produces quality animal feed and additives for healthy livestock.
RkJQdWJsaXNoZXIy NDgzMzc=