Business
Farmmi Export Sales Expand in Europe with New High Volume Romanian Order
LISHUI, China, June 20, 2023 /PRNewswire/ -- Farmmi, Inc. ("Farmmi" or the "Company") (NASDAQ: FAMI), an agriculture products supplier in China, today
About this update from Farmmi, Inc. Ordinary Shares
[{"type":"text","content":"LISHUI, China, June 20, 2023 /PRNewswire/ -- Farmmi, Inc. (\"Farmmi\" or the \"Company\") (NASDAQ: FAMI), an agriculture products supplier in China, today announced a new high volume order for its dried Shiitake mushrooms and dried black fungus, which will export to Romania. The latest high volume order represents a further sales expansion in Europe.\n\n \n \n \n \n \n \n\n \nAccording to the World Bank, Romania's economic growth has been one of the highest in the European Union since 2010. Economic growth was robust in 2022 at 4.8 percent. Romania has made impressive strides in raising its economic performance and prosperity over the past two decades. However, the COVID-19 pandemic and Russia's invasion of Ukraine have tested the resilience of the Romanian economy and exacerbated its structural vulnerabilities, especially in terms of poverty and disparities in economic opportunity, persistently large gender gaps in labor force participation and employment, widening fiscal and current account deficits, and significant institutional constraints hindering the efficient use of resources. (source: The World Bank)\nMs. Yefang Zhang, Farmmi's Chairwoman and CEO, commented: \"Mushrooms have historically been a mainstay of the Romanian diet. The mineral dense, healthy benefits are sought after and embraced, especially during the long winters. This latest order underscores the high quality we are known for among discerning customers, as our products are sought after despite the availability of locally produced and wild mushrooms.\"\nAbout Farmmi, Inc.\nEstablished in 1998, Farmmi Inc. (NASDAQ: FAMI) is an agricultural products supplier, processor and retailer of edible mushrooms like Shiitake and Mu Er, as well as other agricultural products. Farmmi sells its products both online and offline. For further information about the Company, please visit Farmmi's website.\nForward-Looking Statements\nNo statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations and intended to qualify for the \"safe harbor\" under the Priv...