KUALA LUMPUR - The days of durian lovers’ wallets being at the mercy of the weather gods could soon be over. One of Malaysia’s largest planters is partnering a top Japanese agritech firm to not only expand its acreage, but also boost yields, quality and efficiency.
PLS Plantations will have a 51 per cent stake in the RM429 million (S$129 million) joint venture with MYFARM Inc, backed by the likes of SB Technology (formerly Softbank Technology), DCM Holdings and Tsumura & Co. MYFARM’s RM210 million investment is the largest by a Japanese firm in durians to date.
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