AgFeed Industries, Inc. (Nasdaq: FEED), one of the largest independent hog production and animal nutrient companies in China, announced today that effective as of 6:00 PM (EDT) on Sunday, September 20, 2009, AgFeed will be included among the 30 stock components that comprise the S-Network ITG Agriculture Index(SM).
According to its website, "the S-Network ITG Agriculture Index(SM) is an equity index designed to serve as an equity benchmark for globally traded stocks that are principally engaged in the Global Agriculture Industry. Companies included in the [index] are engaged in 'primary' agricultural operations, specifically the production of agricultural commodities."
Songyan Li, AgFeed's Chairman, commented: "AgFeed is pleased to be included among the elite group of global agricultural companies that comprise the S-Network ITG Agriculture Index(SM). We believe we will continue to provide shareholder value as we implement the phases of our strategic plan."
ABOUT AGFEED INDUSTRIES, INC. NASDAQ Global Market listed AgFeed Industries (www.agfeedinc.com) is a U.S. company with its primary operations in China. AgFeed has two profitable business lines -- animal nutrients in premix and blended animal feed and hog production. AgFeed is one of China's largest commercial hog producers in terms of total annual hog production as well as one of the largest premix feed companies in terms of revenues. China is the world's largest hog producing country that produced over 625 million hogs in 2008, compared to approximately 100 million hogs produced annually in the U.S. China also has the world's largest consumer base for pork consumption. Over 62% of total meat consumed in China is pork. Hog production in China enjoys income tax free status. The pre-mix feed market in which AgFeed operates is an approximately $1.6 billion segment of China's $40 billion per year animal feed market, according to the China Feed Industry Association.
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SOURCE AgFeed Industries, Inc.