Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. Malaysia
  5. FGV Holdings Berhad
  6. News
  7. Summary
    FGV   MYL5222OO004


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

FGV Berhad : Poised to Take Local Fragrant Rice Market to New Heights

10/12/2021 | 11:22pm EST
Fortified Field™ Fragrant Rice (3FR) programme proves effective for local fragrant rice paddy cultivation

KUALA LUMPUR, 13 October 2021 - FGV Holdings Berhad (FGV), Malaysia's food and agribusiness company, is poised to invigorate the country's local fragrant rice market through its subsidiary, FGV Integrated Farming Holdings Sdn Bhd (FGVIF).

This is evident through the successful implementation of FGVIF's Fortified Field™ Fragrant Rice (3FR) programme which optimizes local fragrant rice paddy farming through smart and effective agriculture practices and technologies.

The use of T20 drone technology in the fields further accelerates the fertilising process as well as pest and disease control by farmers

Mohd Nazrul Izam Mansor, FGV's Group Chief Executive Officer said, the Group is targeting a 3.5 percent share of the local fragrant rice market by the end of 2025, under FGV's household brand SAJI.

"FGV is committed to increasing the Self-Sufficiency Level (SSL) of rice in Malaysia, and this is made possible through FGV's 3FR programme which is in support of the Large-Scale Smart Paddy Field Programme (Smart SBB) initiated by the Ministry of Agriculture and Food Industry (MAFI). Smart SBB is expected to help the country achieve 75 percent of the SSL of rice, as set in the 12th Malaysia Plan (RMK12)," he said.

"Our goal is for FGV's SAJI fragrant rice to be the choice of Malaysians and the world, in the future. With FGV's internal capabilities, resources and application of various technologies, the local fragrant rice produced is of high quality and comparable to imported rice from Thailand. Moving forward, FGV plans to expand to 10,000 hectares of fragrant paddy farming area in the next five years," continued Mohd Nazrul.

The 3FR programme combines FGV's expertise in enhanced field performance through Agriculture 4.0 and precision farming which are economical and sustainable. This includes mechanisation, utilising drones, use of Internet of Things (IoT) technology in farming applications, field sensors, pest and disease control, and automated transplanting machines. All by-products from the fragrant paddy farms and rice mills such as rice bran and rice husks are not wasted, and are used as components in FGV's animal feed brand ALMA.

The use of Kubota SPV8 for automatic rice cultivation is among the mechanisation technologies used by FGVIF in the SMART SBB programme in IADA Barat Laut, Selangor and in IADA Seberang Perak, Perak

"Our 3FR programme is fast becoming the preferred planting system among farmers. To assist in increasing their fragrant paddy yield, FGV provides continuous support and guidance, as well as standard operating procedures (SOP) to inspect and monitor crops on a scheduled basis. We are also actively promoting the cultivation of MRQ76 fragrant paddy seeds produced by the Malaysian Agricultural Research and Development Institute (MARDI) among our contract farmers," explained Mohd Nazrul.

"With the economy in recovery mode, now is the time for us to 'buy local'. When consumers purchase our fragrant rice, they are directly supporting the livelihoods of local farmers. In addition to that, farmers who grow our fragrant rice will also be able to significantly increase their income. A single fragrant paddy crop offers a return of RM1,540 per metric tonne, compared to ordinary paddy sold at RM1,200 per metric tonne," he continued.

Marketing efforts undertaken include strengthening consumer awareness through e-commerce platform Gogopasar, as well as collaborating with relevant food industry players. To further enhance consumer access to the local supply of fragrant rice, FGV has intensified the recruitment of sales agents throughout the country as well as increase the capacity of its marketing team.

Currently, FGV's 3FR programme is implemented in 500 hectares of granary fields in the Integrated Agricultural Development Area (IADA) Barat Laut in Selangor, and 100 hectares in IADA Seberang Perak, Perak together with 260 appointed local contract farmers.



FGV Holdings Bhd published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 03:21:01 UTC.

ę Publicnow 2021
01/24FGV BERHAD : Launches Mobile Kedai for Plantation Workers
01/20FGV BERHAD : Signs Collective Agreement with 12 Workers' Unions under Group
01/13FGV Holdings Berhad Announces Production Results for Month Ended December 2021
01/06Fgv Holdings Berhad Announces Issuance of Islamic Medium Term Notes (Sukuk Murabahah) P..
01/03FGV, Johor Port Terminate MOU to Buy 25% Stake in Pakistani Firm
2021FGV BERHAD : Acquires 44 MAN Trucks to Strengthen its Logistics Business
2021FGV BERHAD : Committed to Respecting and Protecting the Rights of Migrant Workers
2021FGV Holdings Berhad Announces Production Results for the Month Ended November 2021
2021Analysis-Malaysia's palm oil producers adjust to labour shortages, higher recruitment c..
2021Malaysia's palm giant FGV expects migrant workers to arrive by end-March
More news
Sales 2021 18 484 M 4 413 M 4 413 M
Net income 2021 558 M 133 M 133 M
Net Debt 2021 - - -
P/E ratio 2021 9,79x
Yield 2021 2,79%
Capitalization 5 472 M 1 304 M 1 307 M
Capi. / Sales 2021 0,30x
Capi. / Sales 2022 0,32x
Nbr of Employees 15 660
Free-Float 8,13%
Duration : Period :
FGV Holdings Berhad Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FGV HOLDINGS BERHAD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 1,50 MYR
Average target price 1,53 MYR
Spread / Average Target 1,73%
EPS Revisions
Managers and Directors
Mohamed Hairul Abdul Hamid Group Chief Financial Officer
Dzulkifli Abdul Wahab Director
Yusli bin Mohamed Yusoff Deputy Chairman
Mohamed Rafik bin Shah Mohamad Independent Non-Executive Director
Nonee Ashirin Mohamed Radzi Independent Non-Executive Director
Sector and Competitors