The company sources raw materials directly or indirectly from family farms located in various counties of Lishui, Zhejiang, and other provinces in China. It is headquartered in Lishui, Zhejiang Province, a significant production area for edible fungi with a long history of cultivation. Lishui produces approximately 0.6 million tons of edible fungi annually, representing 50% of Zhejiang Province's total output. The company primarily sells its products to domestic distributors in China, including Yunmihui, which manage further sales both domestically and internationally. Payment terms with distributors generally require payment upon receipt of a value-added tax invoice, with delivery terms varying between factory and distributor warehouses. Additionally, the company supplies mushroom products indirectly to foreign customers through Chinese distributors, with payment due upon receipt of relevant invoices and bills of lading.
Farmmi Inc's Comment on Supply Chain
The company sources raw materials directly or indirectly from family farms located in various counties of Lishui, Zhejiang, and other provinces in China. It is headquartered in Lishui, Zhejiang Province, a significant production area for edible fungi with a long history of cultivation. Lishui produces approximately 0.6 million tons of edible fungi annually, representing 50% of Zhejiang Province's total output. The company primarily sells its products to domestic distributors in China, including Yunmihui, which manage further sales both domestically and internationally. Payment terms with distributors generally require payment upon receipt of a value-added tax invoice, with delivery terms varying between factory and distributor warehouses. Additionally, the company supplies mushroom products indirectly to foreign customers through Chinese distributors, with payment due upon receipt of relevant invoices and bills of lading.
Sources:
Farmmi Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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