KUALA LUMPUR: FGV Holdings Bhd, through its subsidiary FGV Integrated Farming Holdings Sdn Bhd (FGVIF), has launched high-quality animal feed brand Alma, expanding its animal feed and animal nutrition business.
FGV group chief executive officer Datuk Haris Fadzilah Hassan said its domestic sales of palm kernel expeller (PKE) and animal feed products had increased from only 8,000 tonnes in 2018 to 39,000 tonnes last year with a compound annual growth rate (CAGR) of 121 per cent.
He said based on the ruminant statistics in Malaysia, the requirement of an animal feed concentrate was about 240,000 tonnes per year, in which FGV has already supplied 17 per cent of the requirement last year to meet the demand of its local farmers.
He added that the company would be able to contribute approximately 60 per cent of the local concentrate feed demand for ruminant by 2024.
"For 2021, FGV is allocating 75,000 tonnes which are equivalent to 20 per cent of our annual PKE production for the production of animal feed.
"We target to achieve 150,000 tonned by the year 2024," he said in a statement today.
Haris said the new range of Alma animal feed products were free of antibiotics and included healthy formulations for beef and dairy cattle feed, goat and sheep feed, chicken and native chicken feed, natural mineral feed and additional feed for livestock.
"Alma animal feed products contain ingredients which are approved by the Food and Drug Administration (FDA) such as grains, minerals and vitamins, and does not contain prohibited waste materials from animals such as blood, bones or internal organs.
"Internal sourcing of PKE is also very important for traceability, which is another key feature of our products," he added.
FGV has also established a distributorship programme to ensure that the feed reaches the local farmers effectively throughout Peninsular Malaysia and plans to increase the numbers of distributors this year.
In conjunction with Alma's launch, FGV and the Department of Veterinary Services (DVS) have worked together in providing relief for local animal farmers affected by the recent flood situation in Selangor, Pahang, Kelantan and Terengganu.
FGV said the East Coast region recorded the largest number of livestock per capita in Malaysia, and was the most affected region by the recent flash floods disaster.
A total of 800 bags of Alma animal feed equivalent to 40 tonnes, were contributed in stages to 300 farmers from February 22 until March 7 this year.
FGV operates four kernel crushing plants in Kuantan (Pahang), Pasir Gudang (Johor), Pandamaran (Selangor) and Lahad Datu (Sabah) to produce PKE.