LAIZHOU, China, July 30 /Xinhua-PRNewswire/ -- Shandong Zhouyuan Seed and Nursery Co., Ltd. (OTC Bulletin Board: SZSN) ("SZSN" or "Parent Corporation"), which is incorporated in the State of Delaware, is encouraged by the recently released research report by the Ministry of Agriculture of China and market research report by China Seed Trade Association (CNSTA), both expecting an uptrend on the price of corn for this year in China based on the foreseeable demand. SZSN will benefit from the sustained growth of the market demand and will enlarge its profit margin should corn price increase according to expectations.
Factors that will led to the increase the price of corn indicated in the reports include:
-- Weather conditions has affected farming this year, and as market
supply decreases, price increases;
-- Recent price of rice, wheat, flour, and oil are rising, driving
up the price of corn;
-- Around the country, the acquisition price of meat, poultry, and eggs
has increased and the aquaculture industry is recovering, thus the
market demand for feed will increase;
-- In recent years, the price of seed, fertilizer, diesel and other
agricultural raw materials has risen, which increases the costs of
farming;
-- The wide range of uses of corn, such as pharmaceutical uses,
in sugar and starch production, and particularly ethanol gasoline
production, increases the demand for corn;
-- As costs of transportation increases due to the increase in the
price of crude oil, corn prices are raised to increase profit
margins; and
-- As the natural quality of corn increases, its price will rise.
(http://www.seedol.com/)
The market price of corn is expected to maintain the current uptrend pattern till year-end, and specific price per ton is expected to be about RMB 1,400 (USD 184.20) in China.
About Shandong Zhouyuan Seed and Nursery Co., Ltd.
Shandong Zhouyuan Seed and Nursery Co., Ltd. (SZSN) is a large-sized hi-tech corporation incorporated in the State of Delaware under the laws of the United States. SZSN, through its operating subsidiary, Shandong Zhouyuan Seed and Nursery Co., Ltd. ("Zhouyuan"), grows, produces and markets seeds with high starch content for use in industrial food production in China. Zhouyuan was organized in 2001 in China under the laws of the People’s Republic of China, and is located in Laizhou, Shandong province. Its business covers the development of agricultural seeds and distribution to over more than twenty provinces in China. Now Zhouyuan ranks as one of the top three seed producers in the Laizhou District, which is known as the "Seed Valley of China".
Safe Harbor
A number of statements referenced in this Press Release, and in our website, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this Release may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may," "could," or "might" occur. Such statements reflect the current views of Shandong Zhouyuan Seed and Nursery Co., Ltd. with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
Shandong Zhouyuan Seed and Nursery Co., Ltd. does not undertake any responsibility to update the "forward-looking" statements contained in this news release.
