Over the past few years, Yunnan Lilu Environmental Construction Company has invested in a commercial garden project in the Guandu region of Yunnan province. Construction has now officially begun on the project, which should be complete near the end of 2016. The project will include nurseries and units for storage, processing, sales, research, and education.
One product of focus is a crop called ‘Meng Zhi Cao’ that can survive for more than one year without water or fertilizer. The flower is developed by Lilu’s subsidiary company, Yunnan Green Garden (Yunnan Luyin Yuanyi). With more than RMB 70m in funding, the project is 53% complete and will be open to the public once construction is complete.
A Lilu representative explained that demand for the 'Meng Zhi Cao' has been growing an average of 40-50% every year since 2009. This year, China can make 5m of these flowers to produce 100,000 flower products.
A side source from Lilu has leaked that international demand has been growing; England and Malaysia are currently in discussion to sign purchasing contracts this month, and products are scheduled for shipment near the end of May.
This information is provided by Jenny Tang, jtang@smartaganaltyics.com
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