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E Green Global
Jul 29

EGG, signed a supply-purchase agreement with Lamb Weston

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In January 2017, EGG signed a supply-purchase agreement with Lamb Weston, one of America`s leading food companies. The company, one of the largest food enterprises in the US, mainly produces processed and frozen food. Some of the products include processed potatoes not only for domestic usage but also for restaurants and food service businesses. Under the agreement, EGG will provide seed potatoes to the company. The company focuses on reducing the overall cultivation period for commercial potatoes by using EGG`s products. The more detailed terms and conditions will be discussed further in the near future.

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    Recently EGG got purchase orders of 35 million of MCTs from big farmers’ associations for seed farming in 2020 and it will generate $60 million of sales revenue. These potato farms have tried EGG’s seed for last couple of years.
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    EGG signed Joint Cultivation Agreement on potato growing in 2019 with Beidahuang Potato Group and Beian Yongliyinong Potato Specialized Planting Cooperatives in China. EGG will supply MCTs to China and both companies will begin to produce healthy virus-free potatoes for the market.
  • E Green Global
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    In May 2018, EGG signed a three-way MOU with CJ Freshway, one of the major food retail companies in Korea, and Eoulim, a renowned farming association. Under this agreement, the parties will jointly participate in the introduction of the new variety in Korea. This sets a win-win partnership between the food distribution company, agri-tech venture company and contract farmers, ultimately stimulating the Korean potato industry. The parties will start off with potatoes but also work their way through to strengthen the inter-farm relations by developing new varieties of other agriculture products such as onions, sweet potatoes and etc.

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