PHARMACEUTICAL company Hovid Bhd, via subsidiary Agrovid SA, plans to invest RM3 million over five years to plant oil palms in Colombia.
Ho expressed optimism about planting oil palms in Colombia. It is, after all, the fifth largest palm oil producing country in the world.
Agrovid is more likely to source oil palm seedlings from Latin America instead of shipping hybrids from Malaysia. "We're not necessarily looking to plant DXP hybrids. Our priority is to source for oil palms that can produce high concentrates of tocotrienols," he said.