Every AI express, investors ask questions on the investor interaction platform: Hello, secretary, is your company planting or purchasing corn in Brazil? Has the rise in grain prices caused by the Ukrainian Russian war affected your company
Pengdu Agriculture & Animal Husbandry Co.Ltd(002505) ( Pengdu Agriculture & Animal Husbandry Co.Ltd(002505) . SZ) said on the investor interaction platform on April 9 that the company’s Brazilian subsidiary is mainly engaged in the trade of agricultural materials and grain. The main business model is to sell the purchased means of agricultural production (such as seeds, pesticides and chemical fertilizers) to farmers in the form of credit sales, and the accounts receivable formed will be settled by Shenzhen Agricultural Products Group Co.Ltd(000061) of corn and soybeans produced by farmers in the future. The Brazilian subsidiary will further sell the Shenzhen Agricultural Products Group Co.Ltd(000061) received to grain enterprises for cash collection. The Russian Ukrainian war will reduce the export of corn from Ukraine and may increase the sowing area of corn in Brazil, which will have a positive impact on the company’s agricultural materials and pesticides business in Brazil. The company will continue to pay attention to the impact of the Russian Ukrainian war.
