Origin Agritech Limited Reports Third Quarter FY08 Results and Bunge Limited to Address Lehman Brothers Back-to-School Conference

City of Industry, CA --(www.USEquityNews.com)-- 08/28/2008 - Consumer Goods industry alert provided by U.S. Equity News. Origin Agritech Limited (NASDAQ: SEED) ("Origin" or the "Company"), a technology-focused supplier of crop seeds in China, recently announced unaudited financial results for the third quarter ended June 30, 2008. Origin prepares its financial statements in accordance with generally accepted accounting principles (GAAP) of the United States. During the third quarter of fiscal 2008, the Company generated revenues of RMB 490.71 million (US$71.54 million), an increase of 7.73% from revenue of RMB 455.49 million (US$59.84 million) for the three months ended June 30, 2007. This was mainly due to a 6.2% increase in the average sales price of our products across all seed types with volumes also increasing 2.2%.


Chiquita Brands International Inc. (NYSE: CQB) said recently that it formed a joint venture with Haitong Food Group Co. Ltd for the processing, sale and marketing of fresh produce in China. The move marks the company's first entry into the Chinese market. Under the agreement, Chiquita will provide limited capital investment and have majority ownership of the joint venture company, Zhejian Chiquita-Haitong Food Company Ltd., which will operate food processing operations in Cixi, China. The company will market and sell such offerings as fresh packaged salads, fresh cut fruits and vegetables and fresh chilled beverages in China. The pact is expected to receive regulatory approval during the fourth quarter. Chiquita was advised throughout the transaction by Shiyao Investments Ltd.

Bunge Limited (NYSE: BG) recently announced that Chairman and CEO Alberto Weisser and CFO Jacqualyn Fouse will address the Lehman Brothers Back-to-School Conference in Boston on Wednesday, September 3, 2008, at 9:00 a.m. To access the webcast, click on the "News and Information" link on the Bunge homepage then select "Webcasts and Upcoming Events". Click on the link for the "Lehman Brothers Back-to-School Conference". A replay of the webcast, available later in the day, will be archived on the Bunge Web site. To access the replay, go to "News and Information", select the "Audio Archive" link and follow the prompts to access the presentation.

NutraCea (OTCBB: NTRZ), a world leader in stabilized rice bran (SRB) nutrient research and technology, recently announced financial results for its second quarter ended June 30, 2008. The Company reported net revenues of $10.3 million for the second quarter of 2008, compared to net revenues of $13.0 million for the second quarter of 2007. The net revenues for the second quarter of 2007 included a one-time license fee of $5.0 million (non-recurring) without which net revenues for the second quarter 2007 would have been $8,000,000. Sequentially, net revenues for the second quarter of 2008 rose 102% over first quarter 2008 net revenues of $5.1 million. The Company's two business segments, NutraCea and Irgovel, recorded net revenues of $3.9 million and $6.4 million, respectively, for second quarter 2008.

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