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NATIONAL PRESS
Mountain Hazelnuts Venture secures USD 7.9 M for climate-resilient farming initiatives
Hazelnut growers in the country can look forward to increased support and better prices. In a major boost to the country’s sustainable agriculture sector, Mountain Hazelnuts Venture has secured a landmark USD 7.9 M in equity funding to expand its climate-resilient farming initiatives. The company, Bhutan’s first fully foreign direct investment (FDI) venture, is set to scale up its operations with this fresh capital injection.
Hazelnut production doubles in 2024, growers rewarded
Hazelnut production in the country has doubled to over 10 metric tonnes last year compared to 2023. In recognition of the contributions to boosting production, Mountain Hazelnuts Venture honoured 16 top growers at the Grower Awards ceremony at Monggar yesterday. Tashi Lhamo from Lichen in Trashi Yangtse was recognised as the top grower, producing more than 500 kgs of the nut.
Hazelnut plantations expand to 19 districts
The number of hazelnut growers has been gradually increasing in the country. Until last year, hazelnuts were cultivated in 18 districts, but this year, Samtse had its first hazelnut orchards. This development is part of a broader trend, with more farmers embracing hazelnut cultivation and the grafting programme showing progress.
Ensuring High Yielding Hazelnuts
Mountain Hazelnuts Venture (MHV) is revolutionizing hazelnut production with an extensive range of pollinator varieties to ensure high yields. With over 30 varieties in its Ngatsang nursery in Monggar, the project focuses on four primary production varieties: Tongs di Giffoni (TdG), Yamhill, Anakaliuri, and Ennis.