NutryFarm bags 130m yuan sales order for Thai durians
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DURIAN and health foods distributor NutryFarm International has bagged a 130 million yuan (S$27 million) sales order for the export of 200 containers of durian from Thailand to China, it said on Monday in a bourse filing.
Its wholly-owned subsidiary Global Agricapital (Thailand) Co entered into a binding purchasing contract with a subsidiary of Anhui Import and Export Co, for the delivery of the durians to Moonda Agriculture Science and Technology.
The purchase contract is on top of 300 containers already committed by Moonda.
Anhui Import and Export Co is a provincial-level foreign trade enterprise approved by the Anhui province's government that NutryFarm signed a non-binding framework agreement with on Dec 28, 2020.
The group's fruit business contributed to 91.3 per cent of its total revenue for the third quarter ended June 30, 2021. The remaining came from NutryFarm's nutrition business - where the group produces nutrition and health food products from traditional medicinal herbs for China consumers.
In August, NutryFarm obtained approval from shareholders to diversify its business and expand its core offering to include fruit trading.
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Shares of NutryFarm ended 4.1 per cent or 1.5 Singapore cents higher at 38 cents on Monday, before the announcement.
READ MORE:
- NutryFarm is betting on Asia's love affair with durians
- Nutryfarm unit in joint venture to sell pre-packed durians
- NutryFarm quashes rumour that packaging on durians imported from Thailand to China carry coronavirus
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