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Benzinga
Benzinga
Business
Adam Eckert

DARK SECRETS: Why origin agritech stock is surging | Vintage Vibes

Origin Nasdaq

Origin Agritech Ltd (NASDAQ:SEED) shares are trading higher Thursday after the company announced it signed purchase agreements to sell two feedstock companies 50,000 metric tons of its corn for RMB150 million ($23.58 million).

Origin said after giving samples of its corn to potential feedstock customers for nutritional content validation, the companies have started placing orders. Rather than just selling the seed, the company decided to contract grow the corn to capture a much higher share of the profitability of the finished product.

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