Home Top Movers Farmmi Inc. (FAMI) stock soars during pre-market. Let’s find out why?

Farmmi Inc. (FAMI) stock soars during pre-market. Let’s find out why?

Farmmi Inc. (NASDAQ: FAMI) stock gained by 0.53% at last close whereas the FAMI stock price continues to surge by 4.30% in the pre-market session. Farmmi is a significant agricultural goods supplier, processor, and retailer of Shiitake mushrooms, Mu Er mushrooms, and other edible fungus, as well as other agricultural goods, with headquarters in Lishui, Zhejiang.

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What is happening?

FAMI announced its latest sales win on June 1, 2021, as strong worldwide demand accelerates its expansion. Another multi-product deal for shipment to Israel was secured by FAMI’s Zhejiang Forest Food Co. subsidiary. The dried whole and sliced Shiitake mushrooms, as well as dry black fungus, are the current sales winners

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Ms. Yefang Zhang, Farmmi’s Chairwoman and CEO, stated

Farmmi’s expansion is being accelerated by strong worldwide demand. With long-term, deep supplier ties and a reputation among customers for quality as a trusted, leading provider of high-quality farm goods, they have a competitive edge in the global market. As FAMI continues to develop and acquire market share, they will continue to rely on their strong competitive position.

Past Development

FAMI announced that from May 18-22, 2021, they presented their enlarged product line and worldwide brand at Asia’s largest food innovation expo, the 2021 China International Food and Beverage Exhibition (the “2021 SIAL China”).

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The China Commerce Development Centre and the Comexposium Group co-host SIAL China every year since 2000. The Shanghai New International Expo Center hosted the SIAL China 2021. China Food Fair, China’s most significant international celebration in the food and beverage sector, draws buyers from all over the world together to create the most powerful food industry trading platform. The event is a high-level, world-renowned international food and beverage event that sets the benchmark for firms entering Asia while also giving market knowledge and possibilities for innovation to the region’s food sector.

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