Felda Global Ventures Holdings Berhad (FGV) through its subsidiary, FPM Sendirian Berhad (FPM) today launched two specially formulated fertilizers known as MPOB F2 and MPOB F2 Super K that could support the growth of palm trees, maintain nutrients, and improve the efficiency of water infiltration and soil quality over the long term.
FGV Group President and Chief Executive Officer, Dato’ Zakaria Arshad launched the products together with the Director of Integrated Research & Development Department of Malaysia Palm Oil Board (MPOB), Dr. Ramlee Moslim and FPM CEO, Samsuddin Yasir.
Through this collaboration with MPOB under ‘Licensing of Fertilizer Formulation’, FPM aims to market these products to palm oil smallholders throughout the country. To date nearly 40 percent of the total 5.74 million hectares of palm oil planted area in Malaysia are managed by smallholders.
Dato’ Zakaria Arshad said these fertilizers are manufactured by FPM under strict quality control using high quality imported minerals from Canada, Russia, Germany and Japan. With superior fertilizers such as MPOB F2 and MPOB F2 Super K that supply more balanced nutrients, smallholders can expect increased income through higher yield.
“FPM targets sales of 30,000 MT for the F2 fertilizers within five years. Based on the premium qualities of the fertilizers, FPM estimates an increase in F2 sales every year with potential for exports especially to Indonesia,” said Dato’ Zakaria Arshad.
MPOB F2 is suitable for palm oil cultivation in all types of land while MPOB F2 Super K is more suitable for palm oil peat estates, which is estimated at about 2.6 million hectares across Malaysia.
FPM is the main importer and manufacturer of fertilizer in Malaysia. Operating in Pasir Gudang in Johor, Kuantan in Pahang, Klang in Selangor and Lahad Datu in Sabah, FPM has a production capacity of 850,000 tonnes per year.
In addition to palm oil, FPM also supplies fertilizers for rubber, pineapple and paddy. With the production capacity, performance and expertise that FPM possess puts it in a good position for the company to explore potential opportunities in the fertilizer and chemical industry in Malaysia and beyond.
– END –