Origin Agritech Limited announced that it has signed a collaborative agreement with BaoDao Feed Ltd. Under the terms of the agreement, the two companies will collaborate to produce and sell specialized corn crops to feed producers. The corn variety that Origin brings to the collaboration is very desirable for feedstock as it contains 160% higher crude fat content than conventional corn as well as higher amino acid content, eliminating the need for costly additives. The companies estimate a resulting cost savings of RMB 200-300 per metric ton which would effectively double the gross margins compared to BaoDao's sale of conventional corn as feedstock.
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- Origin Agritech Announces Collaboration with BaoDao Feed Ltd. to Commercialize Nutrition Enhanced Corn