Origin Agritech up on supply order for nutritionally enhanced corn

Origin Agritech

23/05/2022 15:03

**  Shares of Chinese agricultural technology co  SEED.O 
climb 13.5% to $7.39
    ** SEED receives an order to supply 20,000 metric tons of
nutritionally enhanced corn to Yunnan Feeding Company
 urn:newsml:reuters.com:*:nPn9tx0g5a
    ** Co says order pricing will be based on the prevailing
price of corn at the time of delivery but based on current
market prices the deal would be valued at 3100 Chinese yuan 
($466.27) per metric ton, or 62 million Chinese yuan in total 
    ** SEED down ~3% so far this year


($1 = 6.6485 Chinese yuan renminbi)

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))