Mohd Nazrul says an independent adviser was hired in April to conduct a feasibility study for a dairy farm in Chuping and initial findings are promising. The JV company may also utilise FGV’s animal feed product under the brand ALMA, he says. For the upcoming dairy farm project, FGV says the JV company targets to produce 100 million litres of fresh milk by 2025. The plan is to see the dairy farm produce 300 million litres per annum from 2035 onwards. The latter would be key to ensuring that the RM500 million poured into the dairy farm venture by FGV will bolster the group’s financial performance.
