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NASDAQ:SANW
Following the successful trials of S&W Seed's (SANW) dormant alfalfa seed in China the company has announced the first sale (and export) of its proprietary seeds to the Chinese market.
The dormant market is at least as large as the non dormant market, although a significant part of the dormant market is commodity product. It appears that S&W Seed has been able to produce commercial quantities of high yield varieties that can be sold into the Asian market. China is the highest growth area in the world for the use of alfalfa as feed in the dairy market.
This is the first of three major events that are expected to drive revenue and earnings over the next few years. The others are the introduction of high yield GMO alfalfa varieties and the sale of proprietary varieties of stevia seeds for the sweetener market.
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SANW: Sales of dormant alfalfa seed into China is the start of a major growth opportunity.
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