Agri-stocks may rise as modern farming in focus

Stocks of companies in agriculture-related sectors may coast on recent announcements that the government will expedite development of modern farming in China, said analysts.

They further said more than 80 companies listed in Shanghai and Shenzhen, and engaged in farming, agricultural services, food processing and cold-chain logistics, may all benefit.

According to Shanghai WIND Information Technology Co Ltd, a financial information provider, about 40 agri stocks rallied last week, gaining 3.4 percent on average. This week, they will likely extend gains.