Mitsui to invest in Chinese vegetable seed company Tianjin Derit Seeds

by

Mitsui & Co., Ltd. (“Mitsui”) has entered into a definitive agreement to acquire 34% interest in Tianjin Derit Seeds Company Ltd. (“Tianjin Derit”). The transaction is planned to be completed within FY March 2026, after the fulfillment of conditions precedent, including obtaining the necessary approvals from relevant authorities.

Tianjin Derit is a subsidiary of China’s largest seed company Yuan Longping High-Tech Agriculture Co., Ltd. (“Longping High-Tech”) with whom Mitsui has been cooperating in the area of vegetable seeds since 2016.

China accounts for more than 50% of the global vegetable production making it the world’s largest single seeds market. Through its partnership with Longping High-Tech, i.e. participation in Tianjin Derit in addition to existing investment in Hunan Xiangyan Seed Industry Co., Ltd., Mitsui intends to further strengthen its market access and earnings base in the growing Chinese market.

Mitsui has been making efforts to provide sustainable solutions for meeting the growing demand for wholesome food amid the various challenges associated with agriculture and its other current investments in the vegetable seeds domain include Japan Vegetable Seeds, ISI Sementi, Top Seeds International, and Totam Seeds. Mitsui aims to further accelerate its activities in this domain through strategic investments and partnerships.

For more information:
Yuan Longping High-Tech Agriculture Co., Ltd.
http://en.lpht.com.cn/

Tianjin Derit Seeds Company Ltd.
www.derit.cn

Related Agroforestry News Posts:

  1. Vietnam has record-breaking price for Monthong durian The farmers of Vietnam have experienced unprecedentedly price increases for Monthong durian The grade A pricing of VND218,000-230,000 for a kilogram. The price for grades B and C is VND195,000-200,000 and VND100,000-140,000 in the respective categories. In addition, Ri 6...
  2. Bangladesh Railway will again run the special mango train For the fourth consecutive time, Bangladesh Railway is going to conduct a ‘special mango train’ on Chapainawabganj-Dhaka route via Rajshahi this season. Asim Kumar Talukder, the general supervisor of the railway’s western zone, told the media they have already begun...
  3. Bureau of Customs intercepts18 containers of onions that were not declared as such. Customs officials have seized 18 containers of misclassified yellow and red onions valued at PHP77 million pesos. According to the Bureau of Customs (BOC) announced that Commissioner Bienvenido Rubio was the chief inspector of containers at the Manila International Container...
  4. Hungarian production of melon anticipates the beginning of season In Hungary the climate conditions have allowed the early ripening process of melons – including watermelons – and there has been no weather-related issues that hinder the development of these fruits. According to the Association of Hungarian Melon Growers have...
  5. Hung Yen prepares for longan harvest season Farmers from the Hung Yen’s Red River Delta province are getting ready for the harvest of longan which will begin the month of April. It is the Quyet Thang speciality fruit cooperative is located in Tan Hung commune, with thirty...

Source: The Plantations International Agroforestry Group of Companies