Farmmi Inc. (NASDAQ: FAMI) stock gained by 3.87% at last close while the FAMI stock price rises by 2.12% in the pre-market trading session. Farmmi is a leading agricultural goods supplier, manufacturer, and retailer of Shiitake mushrooms, Mu Er mushrooms, other edible fungi, and other agricultural products, with headquarters in Lishui, Zhejiang.
What is happening?
FAMI revealed its new sales win on May 13, 2021, highlighting the continuing rise in mushroom demand around the world. Another multi-product contract for export to Israel has been awarded to Farmmi’s Zhejiang Forest Food Co., Ltd. subsidiary. This order is for dried Shiitake mushrooms, whole and diced, as well as dried black fungi.
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Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, stated:
FAMI is reaping the benefits of enhanced consumer interest around the world. Farmmi has a strategic edge due to the investments they made in expanding their supply chain, warehousing, shipping, and logistics. FAMI stand out because of their ability to obtain high-quality mushrooms and edible fungi from global suppliers. One of their main suppliers, for example, is based in Qingyuan County, the birthplace of artificial agriculture, which dates back over 1,000 years. It’s a potent mix as they combine the high volume of product with their advanced supply chain, excellent quality management system, and logistics.
Ms. Zhang added,
FAMI is at a critical juncture in the evolution of the industry. Mushrooms have been a household and restaurant favorite. Mushrooms are now a strength food for people looking to boost their health and fitness because they are so vitamin and nutrient-rich. Farmmi 0is in a fantastic position to capitalize on this momentum, and they expect to maximize their share of the revenue potential in front of them as they expand their client base, both current and fresh.