Origin Agritech up on JV to expand corn output in China's Sichuan

Origin Agritech

15/11/2022 17:03

** Shares of Origin Agritech Limited  SEED.O  rise 4.1% to
$9.60
    ** SEED enters a joint venture with Sichuan Cloudland
Agricultural Science and Technology to expand production of NEC
(Northeast China) corn into the Sichuan province of China
 urn:newsml:reuters.com:*:nPn4Zh5jXa
    ** SEED's phytase corn was the first genetically modified
corn to receive the Bio-Safety Certificate from China's Ministry
of Agriculture
    ** Co says Sichuan province in China has the largest
production of pork in the country, but ranks 8th in corn
production, resulting in a 10 mln ton/annum deficit in corn for
feed stock
    ** Accounting for session gains, company's shares have risen
33% YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))