- Cites increase of the incomes of the growing middle class and the demand for higher-quality food products in China
- reiterates the fact GMO approval of the first genetically-modified corn product in China continues to be on track.
- Expects to be cash flow positive for FY08

Other headlines for [SEED]

• SEED 12/31/2008 09:00am
  Origen Agritech Ltd. Announces Change in Board of Directors and co-CEO Liang Yuan's Status- approved of Min Tang as a member of the Board of Directors effective January 1, 2009 - Liang Yuan has been appointed as Chief more...
  

Consumer staples sector headlines

• TSN Today 03:32pm
  Tyson Foods Inc Interim CEO: No major layoffs planned, poultry units wil be restructured- The company intends to select a new, permanent CEO as soon as possible and hopes the new leader can be identified from the more...
  
• CPWM Today 02:31pm
  Cost Plus Inc. Reports Dec SSS -4.3%; announces plans to close 26 stores- Expects pre tax impairment of $4M - will reduce home office and distribution center staff by 18% and will implement a number of additional more...
  
• CVS Today 12:39pm
  CVS Corp Hearing removed from Goldman Sachs conviction buy list (timing uncertain)
  
• DMND Today 09:08am
  Diamond Foods, Inc. Long Bow Research Raised DMND to Buy from Neutral, price target: $27
  
• CVS Today 08:49am
  CVS Corp CFO: Guides FY09 Rev growth of 10.5-12.5% - conf call- Guides Q1 Rev +8-10% - Puts 2009 CAPEX at $1-1.2B with free cash flow of approx $3.5B