Economic production of selected ornamental plants: multispecies and Arundina orchid

Mat Amin, Mohd Zaffrie and Ahmad, Hanim and Nik Masdek, Nik Rozana and Haimid, Mohd Tarmizi and Ahmad Dani, Muhamad Syafiq (2020) Economic production of selected ornamental plants: multispecies and Arundina orchid. [Journal / Magazine]

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Abstract

Floriculture planting in Malaysia experienced a new revolution when the floriculture industry listed it as a high-value crop that can benefit the national economy in the 10th Malaysia Plan (10MP). Thus, the horticulture centre in MARDI took the initiative to introduce a few new plants called Multispecies that were suitable for landscape planting and bloomed throughout the season like Arundina Orchid (lasting in hot weather) compared to ornamental plants. Costing data was collected at pre-commercial plots at Kuala Lumpur and Rawang to analyse the production cost and financial analysis. In addition, several interviews were conducted with staff who handled the commercialisation and technology generators to find out issues relating to commercialisation of MARDI-produced crops at the domestic level. Financial analysis showed that multispecies and Arundina orchid were viable with IIR values of 59% and 98% respectively, and a payback period of 1.66 years for multispecies and 2.02 years for Arundina orchid. Among the commercialisation problems identified as barriers to MARDI’s horticulture products included unpopularity of varieties in the local market, production issues associated with infrastructure and high production costs as well as marketing and crop copyright issues. In general, multispecies and Arundina orchid plants are viable and suitable as landscape plants, and have the potential to be commercialised.

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