Land O' Lakes Seed Signs 5-Year Sunflower Contract with Xinjiang Condy

St. Paul, MN-– Land O’Lakes, Inc., and Xinjiang Condy Agricultural Science & Technology Development Co. Ltd., have signed a five-year agreement for the distribution of Land O’Lakes CROPLAN GENETICS-brand in-shell confection sunflower seeds in China, Land O’Lakes officials announced today.


Xinjiang Condy, which specializes in producing, processing, marketing and distributing agricultural seeds, will import two types of CROPLAN GENETICS hybrid sunflower seeds in the People’s Republic of China for the 2008 planting season and beyond.


CROPLAN GENETICS Sunflower Product Manager John Swanson said there is tremendous growth potential in China’s confection sunflower seed market.


“Sunflower seeds are the main snack food in China, much like potato chips are here,” Johnson said.


“So, you have the country with the largest population in the world eating more confection sunflower seeds than any other market per capita.


"Clearly, there is tremendous growth potential.


"Xinjiang Condy is committed to this crop, and we are very pleased that they are taking time to learn about our operation.”


China’s consumption of confection sunflowers, in fact, is equal to the rest of the world’s market combined.


The CROPLAN GENETICS hybrid seed will allow China’s growers to achieve 50-percent more yield on the same number of acres.


Seven members of Xinjiang Condy’s executive team led by Ms. Yitao Chen, president of Xinjiang State Assets Management Corporation, a $12 billion diversified operation which owns Xinjiang Condy, and Mr. Shulin Chen, CEO & chairman of Xinjiang Condy, flew to Minnesota to witness the signing of the distribution agreement.


The executive team will tour Land O’Lakes headquarters and seed facilities this week.


They will also take time to explore other strategic ventures with Land O'Lakes and CROPLAN GENETICS in areas such as corn seed and oil sunflower hybrids, offering the potential to expand the Land O’Lakes presence in China.


Xinjiang Condy Agricultural Science & Technology Development Co. Ltd. is headquartered in Urumqi, the capital city of Xinjiang Province.


It is the sixth-largest seed company in China in terms of both revenue and seed volume.


In the process of ownership re-structuring and partial privatization, Xinjiang Condy operates six regional offices with a nation-wide grassroots distribution network of over 1,500 dealers throughout China.


Land O’Lakes, Inc. is a national farmer-owned food and agricultural cooperative with annual sales of more than $7 billion.


Land O’Lakes does business in all 50 states and more than 50 countries.


For more information, call Lydia Botham at (651)-481-2123

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