Fiscal Third Quarter 2025 May / 2025 BIOCERES CROP SOLUTIONS Disclaimer Industry and Market Data This Presentation is for informational purposes only and does not constitute an offer or invitation to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, assets, business, debt or other financial instruments of the Company or any of its affiliates, and shall not form the basis of any contract, nor shall it be construed in any manner as a commitment on the part of any person to p ...

国贸期货研究院 投资咨询号:Z0021658 2025/5/21 农产品研究中心 黄向岚 从业资格号:F03110419 豆粕主力合约基差(张家港) 涨跌 5月20日 ====== 19/20 ====- 20/21 ==== 21/22 ===== 22/23 ===== 23/24 - 24/25 大连 91 2500 -23 2000 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 数据日报 80 200 60 100 40 20 50 0 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 02/01 03/04 04/04 05/05 06/05 07/06 08/06 09/06 10/07 11/07 12/08 01/01 美豆种植顺利,短期天气暂无明显炒作驱动;巴西贴水短期仍面临卖压:国内大豆库存继续上升至高位,豆粕库存小幅上升（+2.05万 开机和压榨情况 | 天立件值限内,应用人 [音儿力M.VF-29]: □四周小显为10周年来: 曾含人工学计划线上,工商电,立相毕中少冊上才（2. ...

他所经营的青岛力泰农产品有限公司位于山东省平度市，这里作为全国粮油肉果总产百强县 市，不仅有中国大姜之乡的美誉，还因毗邻青岛、潍坊、烟台三大港口，并与山东港口集团 新河国际陆港紧密相连，成为外贸出口农产品的重要货源地，如此得天独厚的区位优势，却 因为一纸关税而导致大批农贸企业面临困境。 文｜《好博会》报道组 罗宁 人物：青岛力泰农产品有限公司负责人 焦立乾 "叮——" 今年 1 月 6 日，伴随 25.46 吨符合出口标准的优质生姜从青岛港出发运往美国，一封来 自美国运营商的邮件，让青岛力泰农产品有限公司负责人焦立乾额头直冒冷汗。 对方在邮件中表示，由于美国政府一再调高关税，这些生姜需要重新议价以符合对方的价格 要求。 短短两句英文，邮件如当头棒喝，让本就薄利多销的生姜农产品再次雪上加霜。 "再出口就是赔钱，当时我们都懵了！"回顾起那个瞬间，焦立乾记忆犹新，之后的几天， 他盯着电脑屏幕上的关税新闻，看着不断加征的关税，手里拿着库存积压的生姜忍不住犯 愁。 企业身处漩涡，谁能"救"他们？ 在绝境中"生长" 转机很快到来。 4 月 13 日，大润发宣布，为出口受阻而库存积压的外贸企业提供内销绿 色通道，在全国门店 ...

专题：2025首届美好生活博览会 文|《好博会》报道组 罗宁 企业身处漩涡，谁能"救"他们？ 在绝境中"生长" 转机很快到来。4月13日，大润发宣布，为出口受阻而库存积压的外贸企业提供内销绿色通道，在全国 门店商店街设立"外贸优品"主题陈列区。焦立乾在看到公告后向大润发发去了邮件。 焦立乾说，"本来只是抱着试试看的心态发了邮件，但很快收到了回应，并且从初次接洽到选品评估、 建档入库到产品上架销售，前后不到48小时。"在快速行动之下，原本奄奄一息的企业再次运转起来， 他补充道："大润发商超响应国家号召，当时给我们这样的企业开了绿色通道，有专人跟我们对接，我 们也在产品标准上符合他们的标准，所以上架过程中也没遇到什么困难，不到48小时产品在整个华北地 区就上架了，还给到了我们最好的门店陈列位置。再加上这次我们和大润发的合作采用直采形式，每次 进货，他们验收完直接给我们打款，没有账期，也解了我们的燃眉之急。" 人物：青岛力泰农产品有限公司负责人 焦立乾 "叮——" 今年1月6日，伴随25.46吨符合出口标准的优质生姜从青岛港出发运往美国，一封来自美国运营商的邮 件，让青岛力泰农产品有限公司负责人焦立乾额头直冒冷汗。 ...

Company Overview - FMC Corporation is an agricultural science company that specializes in insecticides, herbicides, and crop nutrition [1] - The company also produces pest control products and turf solutions for non-agricultural markets, such as golf courses [1] - FMC employs approximately 5,700 people [1] Industry Focus - The company operates within the agricultural sector, focusing on crop protection and nutrition [1] - FMC's product offerings cater to both agricultural and non-agricultural markets, indicating a diversified approach to its business model [1]

Core Insights - INVL Baltic Farmland reported a consolidated net profit of EUR 124,000 and revenue of EUR 213,000 for the first quarter of 2025, reflecting a 9.7% increase in net profit and a 6.5% increase in revenue compared to the same period in 2024 [1][2] Financial Performance - The company's equity at the end of March 2025 was EUR 19.867 million, translating to EUR 6.15 per share, which is a 10% increase year-over-year [4] - For the year 2025, the company forecasts a net profit of EUR 460,000 and consolidated revenue of EUR 890,000, assuming no changes in land value or new agreements [5] - In 2024, INVL Baltic Farmland achieved a net profit of EUR 1.836 million and consolidated revenue of EUR 835,000, with dividends paid to shareholders amounting to EUR 387,000, or EUR 0.12 per share [6] Industry Context - The first quarter of 2025 faced challenges in agriculture, including delayed germination, moisture imbalance, and market uncertainty, impacting planning and farmers' decisions [3] - Despite these challenges, the company emphasizes the importance of sustainable solutions and maintaining a transparent partnership with land users [3]

Core Viewpoint - The collaboration between Biotalys and AgroFresh aims to develop sustainable biological fungicides to reduce food waste and enhance the freshness of produce, addressing the significant issue of post-harvest losses, which are estimated at 14% globally [1][2]. Group 1: Company Overview - Biotalys is an AgTech company focused on developing protein-based biocontrol solutions for sustainable crop protection, utilizing its AGROBODY™ technology platform [6][7]. - AgroFresh is a leader in post-harvest quality and freshness solutions, with over 40 years of experience in enhancing the shelf-life of fresh produce and reducing food loss [5]. Group 2: Market Context - The global post-harvest fungicide market is valued at $300 million, indicating a significant opportunity for Biotalys to expand its presence in this critical segment [3][4]. - Fungal decay poses a major challenge in the post-harvest supply chain, making effective disease management essential as fresh produce becomes more susceptible to spoilage after harvest [2]. Group 3: Collaboration Goals - The partnership between Biotalys and AgroFresh aims to innovate and provide environmentally friendly biological solutions that meet the evolving needs of global markets, ultimately helping to reduce food waste [3][2]. - The collaboration is expected to enhance the innovation pipeline of AgroFresh, introducing novel technologies that preserve freshness and support produce suppliers [2].

Group 1 - Cibus, Inc. is a leading agricultural biotechnology company focused on gene editing technologies to develop specific traits in seeds [1][3] - The company will present its advancements in gene-editing technology, regulatory developments, and commercialization strategy at the AGP Annual Virtual Healthcare Company Showcase [2][3] - Cibus addresses significant productivity and sustainability challenges for farmers, with an estimated global economic cost of $300 billion annually due to diseases and pests [3] Group 2 - Cibus operates as a technology company rather than a seed company, licensing traits to seed companies in exchange for royalties [3] - The company has a pipeline of five productivity traits, focusing on weed management in rice, pod shatter reduction, and disease resistance [3] - Cibus aims to develop and commercialize plant traits more efficiently and cost-effectively than conventional breeding methods [3]

Acquisition Details - Titan Machinery Inc. has completed the acquisition of the dealership assets of Farmers Implement & Irrigation, aligning with its strategic growth initiatives [1][2] - Farmers Implement & Irrigation, a New Holland dealership, has two locations in South Dakota and generated revenues of $20 million in 2024 [2][3] - The acquisition enhances Titan Machinery's New Holland presence in eastern South Dakota [3] Financial Guidance - For fiscal 2026, the agriculture segment's revenues are expected to decline by 20-25%, while the construction segment's revenues are projected to decrease by 5-10% [4] - The company anticipates a loss of $1.25 to $2.00 per share in fiscal 2026, indicating weak demand [4] Stock Performance - Over the past year, Titan Machinery's shares have decreased by 9.6%, contrasting with the industry's growth of 13.5% [5] Earnings Expectations - Titan Machinery is set to report its first-quarter fiscal 2026 earnings, with a consensus estimate of a loss of 79 cents per share, compared to earnings of 41 cents per share in the same quarter last year [9] - The revenue estimate for the first quarter is pegged at $493 million, reflecting a year-over-year growth of 26.4% [9]

Core Insights - The "Hundred Families Handicrafts" selection event concluded in Guangzhou, showcasing 22 outstanding agricultural products selected from 156 entries, highlighting quality, popularity, and innovation [2][3][30] Group 1: Award Categories - Five major award categories were announced: "Best Agricultural Handicraft," "Most Popular," "Best Flavor Recommended by Media," "Innovation Award," and "Heritage Craftsmanship Award" [9][30] - The "Best Agricultural Handicraft Award" recognized products such as the Zijin Cicada Tea from Heyuan, the luxurious gift box from Yingde, volcanic sweet potatoes from Zhanjiang, and Ma Ba oil sticky rice from Shaoguan [16][20][25] Group 2: Product Highlights - The Zijin Cicada Tea is noted for its unique heritage tea-making technique, while the Yingde gift box combines traditional tea with Lingnan aesthetics [22][23] - Zhanjiang's volcanic sweet potatoes leverage the region's volcanic soil, offering a sweet and soft texture that redefines consumer perceptions of sweet potatoes [24] - Ma Ba oil sticky rice, with a 4000-year cultivation history, is recognized for its long, oily grains and aromatic qualities [25] Group 3: Popularity and Market Trends - The "Most Popular Agricultural Handicraft Award" reflects market choices, with products like the black mountain prickly pear jelly from Guizhou gaining traction among younger consumers due to its health benefits [30][32] - Innovative products such as the "one tea multiple drinks" concept from Yinghong No. 9 and the quick-cooking characteristics of Zhang Jiuling's rice noodles cater to modern consumer lifestyles [33][34] Group 4: Flavor and Innovation - The "Best Flavor Recommended by Media Award" showcased products that blend regional flavors, such as the Tian Ci prickly pear juice from Guizhou and the Dongjiang fish from Hunan, which utilizes fresh-locking technology [39][41] - The "Innovation Award" highlighted products like Dongjiang fish with diversified flavors and the premium traceable ginseng from Jilin, transforming traditional products into luxury items [48][50] Group 5: Heritage and Craftsmanship - The "Heritage Craftsmanship Award" honored products that maintain traditional techniques, such as the dried vegetable hearts from Qingyuan and organic blueberry puree from Guizhou, emphasizing authenticity and quality [54][56] - The event aims to elevate these products from local specialties to national favorites, enhancing the visibility of China's agricultural diversity [60][62] Group 6: Market Expansion - Award-winning products will be available through the Guangdong Regional Cooperation Consumer Assistance Product Trading Center, which features a network of 44 support entities and 70 online stores [63][64] - The trading center aims to promote over 8000 types of high-quality agricultural products from various regions, covering a wide range of categories [66]