Origin Agritech Stock Price, News & Analysis

Origin Agritech Ltd. (NASDAQ: SEED) has launched a joint venture with Sichuan Cloudland Agricultural Science and Technology to increase NEC corn production in Sichuan Province, China. This region is key for animal feed, being China's largest pork producer but facing a corn deficit of 10 million tons annually. The regional government supports this venture due to the efficient feedstock properties of NEC corn. Chairman Dr. Gengchen Han anticipates positive revenue and earnings growth with minimal capital investment needed.

Origin Agritech Ltd. (NASDAQ: SEED) has appointed Dr. Shaojiang Chen as an independent director, effective November 1, 2022. Dr. Chen brings extensive experience in corn breeding and is well-connected in the agritech community in China, which is expected to benefit the company significantly. He has a strong academic background and has held key roles in notable agricultural institutions. This appointment is seen as a strategic move to enhance the company's leadership in agricultural technology.

Origin Agritech Ltd. (NASDAQ: SEED) announced its addition to two new equity indices, the FTSE Micro Cap Index and the FTSE Total Cap Index, effective September 16, 2022. These indices are part of the FTSE Global Equity Index Series, which includes over 16,000 securities from developed and emerging markets. The FTSE Global Micro Cap Index represents the smallest segment of the global equity market, while the FTSE Global Total Cap Index includes large, mid, small, and micro caps globally. This addition may enhance the visibility and accessibility of Origin Agritech to investors.

Origin Agritech Ltd. (NASDAQ: SEED) announced strong preliminary corn crop yields despite extreme temperatures and drought affecting other regions in China. The company's superior corn hybrids thrived in conditions that were severe yet less harsh than other areas. Chairman Dr. Gengchen Han emphasized the importance of agritech solutions in combating global warming's impact on food supply. Origin's drought-tolerant GMO corn trait is ready to market pending China's GMO approval, reinforcing its commitment to innovative agricultural technologies.

Origin Agritech Ltd. (NASDAQ: SEED) announced that its Director of Investor Relations, Joe Ramelli, was featured on The Wall Street Resource Podcast. During the interview, he highlighted the company's impressive 300% growth rate and discussed recent partnerships and growth initiatives. The interview is accessible to listeners at no cost via The Wall Street Resource. Origin Agritech is known for its innovations in agricultural biotechnology, including transgenic corn products.

Origin Agritech Ltd. (NASDAQ: SEED) has signed a contract planting agreement with Sichuan Yingdafeng Agriculture Tech Co., Ltd. for the 2023 growing season. The agreement involves the cultivation of 100,000 mu (16,500 acres) of Origin's NEC corn, with Origin guaranteeing to purchase all harvested corn. This expansion in Sichuan Province aims to enhance logistics and reduce shipping costs while supplying corn to local hog farms. The deal reflects Origin's strategy to meet the increasing demand for NEC corn, as stated by Chairman Dr. Gengchen Han.

Origin Agritech Ltd. (NASDAQ: SEED) announced the approval of six new corn varieties by China's National Crop Variety Approval Committee on August 4, 2022. The new varieties include AOYU 728, notable for its resistance to various diseases and higher yields. Additionally, several hybrids offer significant nutritional enhancements, such as 45% more folic acid and higher vitamin E content. Dr. Gengchen Han, Chairman, emphasized the company's accelerated growth in developing innovative corn varieties, highlighting a positive market trajectory for Origin Agritech.

Origin Agritech Ltd. (NASDAQ: SEED) has announced a significant order worth $35 million from Muyuan Foods, China's largest hog farming company. This order is part of a broader 100 million metric ton purchase agreement over five years. Muyuan intends to grow Nutritionally Enhanced Corn (NEC) in its 494,000 acres farmland, aiming to reduce livestock feed costs and carbon footprint. The collaboration signifies a strategic partnership between the two companies, leveraging Origin's innovative agricultural technologies.