SL Agritech Corp. is set to export sometime this year super hybrid rice seeds to Vietnam as part of its effort to accelerate growth in its rice production.
Henry Lim, SL Agritech chairman and CEO, sealed an agreement the other week with Dai Thanh Agritech Seed Co. whereby SL Agritech will initially ship sometime this year, 60 tons of SL-8H super hybrid rice seeds to the Vietnam agricultural firm.
“Under our agreement, Dai Thanh Agritech Seed Co., a firm engaged in crop seed trading and distribution, will distribute our hybrid seeds to Vietnam. Our initial shipment to that company will be 60 tons and this will be made sometime this year. The second shipment of 300 tons will be next year and a year after, we will ship 500 tons until they reach 2,000 tons,” Lim said.