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| 07-Apr-2014 08:06 |
China Fishery
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China Fishery - Low PE
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The Ministry of Production (Produce) authorized the start of the first season of anchovy and white anchovy fisheries from 23 April.  Purse seiners. (Photo: Produce) Anchovy fishery start set in north-central area  PERU Monday, March 31, 2014, 23:40 (GMT + 9) The Ministry of Production (Produce) authorized the start of the first season of anchovy and white anchovy fisheries from 23 April. The capture of these pelagic resources may be performed in the area between the northern tip of the country' s maritime domain and 16° 00' south latitude. The beginning of the season was set taking into account the latest scientific report on the current environmental conditions and the anchovy resource, developed by Instituto del Mar del Peru (Imarpe). In that document, Institute researchers suggest that sea temperatures in areas near the coast are kept slightly cool for the time, but they tend to be warmer in the sea inside. Besides, Imarpe explained that Kelvin wave in progress will raise temperatures and cause positive anomalies along the coast from April, causing the move of the sea living resources, mainly the anchovy. The wave will influence the duration of these anomalies and El Niñ o event on the Peruvian coast will largely depend on the behaviour of the easterly wind system. Therefore, the Imarpe and the National Study of El Niñ o Event (ENFEN) are stepping up observation of the main indicators of this event, reports the agency Andina. The Institute report notes that between October 2013 and March 2014, 27,000 tonnes of anchovy were caught, that is to say, 6.2 per cent of the set quota. In addition, the daily analysis showed that landings were mainly recorded during the month of November 2013, and reached daily catch rates of 3,500 tonnes, Gestió ninformed. |
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| 07-Apr-2014 08:02 |
China Fishery
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Quick flash back at the industrial anchovy fishing quota for the north-central fishing area - 2.3 million tonnes for the November 2013 to January 2014 fishing season.IFFO WELCOMES PERUVIAN ANCHOVY QUOTATuesday, October 8, 2013
The news of an increase in the Peruvian anchovy quota for the second fishing season starting in November has been welcomed by IFFO, the international marine ingredients trade organisation. Stable biomass has enabled the Peruvian Ministry of Production to announce that the industrial anchovy fishing quota for the north-central fishing area will be 2.3 million tonnes for the November 2013 to January 2014 fishing season. Peruvian anchovy is the world' s largest fishery and it has two fishing seasons each year - with the first for north-central usually running from May to July, and the second running from November to the end of the following January. 
The 2.3 million tonne quota is about 12 per cent higher than that for the first season of 2013 and more than 180 per cent higher than the 810,000 tonnes for the equivalent season of 2012. This new quota brings the fishery back into historically normal quota ranges after the 68 per cent quota reduction imposed for last year&rsquo s second season. Deputy Minister of Fisheries, Paul Phumpiu said the new quotas was a responsible quota intended to ensure the recovery of the biomass of the pelagic resource, established on the basis of a series of recommendations from the Instituto del Mar del Peru (IMARPE). Its latest survey determined the biomass at 10.3 million tonnes in the north-central area (5.3m 2012) and 1.87 million tonnes in the southern zone. In addition, the Government indicated that the anchovy capture season in the south area of Peru will have a quota of 430,000 tonnes, following 400,000 tonnes for the first season of 2013, and will run from late October until March 2014. Total annual quotas for this zone have remained around 700,000 to 850,000 for the whole year for several years. IFFO' s Director General, Andrew Mallison said: " We are very pleased to hear of increased quota based on sound science from IMARPE and the precautionary approach. The Government has also announced that surveillance systems will be strengthened on landings, discards, juvenile catch, by catch of other species and the anchovy reproductive process. It looks very much like the newly announced quotas are more in keeping with traditional historical figures and reflect the success of the emphasis on the long-term sustainability of this important marine resource." |
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| 05-Apr-2014 16:59 |
China Fishery
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Peru slightly raised its anchovy quota for 2014 back to more normal ..... Cheers to the start of Fishing Season Fish Oil - March 2014 Fish oil price is expected to hold in the first quarter of 2014, based on strong aquaculture demand coupled with supply constraints in the anchovy fisheries of Latin America. The Gulf menhaden fishery is anticipated to maintain its high level of fish oil supply and exports achieved in 2013, based on a recent positive stock assessment that recommends harvests can be kept at current levels. Production Production of fish oil was up 9% between 2012 and 2013, with a total of 386 000 tonnes reported for the first nine months of 2013. Latin America remained an important source of Omega-3 production, especially for human consumption, as this product is highly dependent on anchovy fisheries. With recent announcements of major quota reductions in 2014 for anchovy fisheries in northern and southern Chile, this could have implications for the supply of fish oil later in the year, especially for omega-3 producers and fish farmers. However, Peru slightly raised its anchovy quota for 2014 back to more normal levels, following last year' s El Nino reductions. Exports
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| 04-Apr-2014 00:21 |
China Fishery
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Our weekly updated position: + 38,687 MT net long + 0 MT Prod week #10/2014 ( 500) MT local market ( 2,000) MT new sales/hidden sales + 36,187 MT net long 4--SECTION FOUR &ndash -Understand M/V Wisdom for FSB closes the season&rsquo s bulk shipments. It appears that the Koester vsl previously announced will not be performing after all. -The China imports for Jan 2014 were published by Customs authorities as per below: CHINA FISHMEAL IMPORTS (MTONS) Origin Jan 2014 Share % Jan 2013 Share % Variation % Peru 33,697 49.5 18,407 25.2 +83.1 Chile 15,906 23.4 21,205 29.0 -25.0 Vietnam 4,879 7.2 4,060 5.6 +20.2 U.S.A. 3,271 4.8 9,019 12.3 -63.7 Ecuador 2,514 3.7 6,702 9.2 -62.5 Pakistan 2,462 3.6 1,210 1.7 +103.5 Russian Fed 1,882 2.8 2,554 5 -26.3 Panama 1,224 1.8 1,249 1.7 -2.0 New Zealand 987 1.4 865 1.2 +14.1 Thailand 601 0.9 4,976 6.8 -87.9 Mexico 300 0.4 1,056 1.4 -71.6 Myanmar 50 0.1 988 1.4 -94.9 Denmark - 0 428 0.6 -100 Argentina - 0 350 0.4 -100 Others 310 0.5 - - NA Total 68,083MT 100 % 73,069 MT 100 % -6.8 % Comments Amazing to see the variations in origin/tonnages which clearly describe the actual X-Ray situation we are experiencing in this season reflected in our main market: China. a) Tremendous growth on Peru numbers 2013 vs. 2012. b) Reduction on other American origins such as: - Chile less 25% - USA less 64% - Ecuador less 62% - Panama less 2% - Mexico less 71% - Argentina Zero Our exports in Feb are almost complete, but expect China Feb numbers to keep increasing as the custom agents report all shipments. Perhaps next week the final numbers will be stable. Today Feb shows: China @ 76,396 MT, Germany @ 14,156 MT.) |
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| 03-Apr-2014 21:02 |
China Fishery
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Hello 69, don' t anyhow quote huh .... this one not CF counter 
With a billion of new consumers on map .... it will drive whatever commodities' prices up ..... relax 
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| 03-Apr-2014 07:44 |
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Chinese dog breeder sells Tibetan mastiff twins for £ 1.8mPurchase of twin males dogs highlights extent to which breed has become status symbol for China' s ultra-rich
One of the twins &ndash a golden-haired Tibetan mastiff &ndash was sold for 12m yuan, and his red-haired brother went for 6m yuan. Photograph: Str/AFP/Getty Images
A Chinese dog breeder has said that a property developer paid him 18m yuan (£ 1.8m) for Tibetan mastiff twins, highlighting how the breed has become a status symbol for China' s rich. The large, slobbery dog with massive amounts of hair used to be best known for herding sheep in Tibet, but has now become a luxury for the ultra-rich who want to spread their wealth beyond stocks and property. Breeder Zhang Gengyun said he sold the one-year-old twin male dogsto a single buyer at a luxury dog fair on Tuesday in wealthy Zhejiang province, located on China' s east coast. The sales were reported by the local Qianjiang Evening News. One of the twins &ndash a golden-haired Tibetan mastiff &ndash was sold for 12m yuan, and his red-haired brother went for 6m yuan. Zhang said the buyer, from eastern Shandong province, paid him the 18m yuan with his credit card. Zhang denied the sale was a ploy by breeders to hype the price of Tibetan mastiffs and said he was reluctant to sell the twins. " It' s a real deal," he said. The more expensive golden-haired dog was 80cm (31.5in) tall and weighed 90kg (200lb). " His hair is bright and he has a dead-drop gorgeous face," said the breeder. " Usually he' s quiet and gentle, but when a stranger shows up, he could bark endlessly and bite." Zhang said the unnamed buyer might start breeding Tibetan mastiffs himself. " The Tibetan mastiff is as treasured in China as the giant panda, so people consider it a symbol of higher social status," he said. Liu Na, organiser of a Tibetan mastiff fair in Beijing, said the average price for one of the dogs is several hundreds of thousands of dollars. The price tag usually depends on the breeder' s expectations, the buyer' s appreciation of the dog and the bargaining between the two, she said. " It' s just like deals done when buying antiques," Liu said. " But it isn' t uncommon for a breeder to hype a price in order to raise his profile in the industry, just like a celebrity can inflate his or her appearance fee." |
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| 29-Mar-2014 17:30 |
China Fishery
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This could well explain why Chinese fund Fosun would pay $950m for Diamante .... potential growth. CF is definitely worth $1Peruvian paiche farmers calling investors to unlock economic potential
March 28, 2014, 2:47 pm
Peruvian farmers of the Amazonian fish paiche (arapaima gigas) are fighting frustration as nascent companies in the sector believe they sit on one of the strongest profits sources in Latin American aquaculture, but lack sufficient promotion and access to capital. Speaking to Undercurrent News, one such company, Acuicola Los Paiches, said the fish could become a complement to households' best-liked species like salmon, trout or tuna. " This is a business in a development stage, we have yet to consolidate our markets, and levels of exports can be considered as trials rather than proper trade activity. However, our only disadvantage is that consumers have never heard about the product. The challenge for investors is to be able to see that this is a fish with vast growth potential," said Isaac Gherson, manager at Los Paiches. Gherson confirmed his group has decided to engage with well-known chefs and food distributors as a private company. He also feels the sector should throw its weight in, too. " This fish deserves a higher place in the food chain, and governments of countries where it can be harvested should support the industry, from Brazil, Peru and Colombia to Bolivia." Paiche are grown in purposefully created ponds in the Amazon rain forest where they are fed pellets made from Peruvian anchovies without other animal by-products. They breed naturally and are grown at low densities. The ponds are continuously flushed with fresh, clean water from the Amazon, and the fish can reach up to 18 kilograms. Whole Foods in the US was selling this fish at $12.99 per pound this week. Its main supplier, Artisan Fish, also agreed that chefs could be the key to awake the curiosity of ordinary shoppers. " Initially, it is a fish no one really knows. When chefs get involved, because they like it, then they recommend it, and that' s the kind of connection we must make to kickstart this business," Artisan Fish' s CEO Adrian Burstein recently told local media. The national fishing society of Peru SNP already noted that paiche today is a niche market, which could afford it a trampoline-like base to expand further. " The technological processes in this case may prove very important, and for that, we need the universities to investigate jointly with companies and other institutions so the sector can produce to wide-market levels. Paiche is an interesting case," said Elena Conterno, president of SNP, this week during a visit to the province of Oapampa. At 90,000 metric tons, Peru' s aquaculture production in 2013 showed the country has some way to go before competing with neighbors like salmon producer Chile, with 630,000t, or shrimp producer Ecuador' s 270,000t.
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| 15-Mar-2014 17:19 |
China Fishery
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China Fishery - Low PE
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Srichipan, you are absolutely right. " around this time, the BB will be energised ... pretty interesting phenomenal" CWC, we are not basing on future value .... most analysis states that the current price 0.385 is undervalued, way below the value of the stock ~ $0.47. Good time to buy now. The second quarter of FY2014 is coming soon and the refinancing result should be released soon. I'm sure Carlyle group will go ahead with the warrants before the annoucement. Haha .... finally today it rained ... pray it will continue to rain and water the earth.... everywhere the tree and grass all chao ta ... green become brown. Let it rain, let it rain ...... |
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| 14-Mar-2014 23:54 |
China Fishery
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Newbie888, Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?. Also Korean, " In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante. Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%)." 40% or 50% does not seem to mean anything .... $950 millions ... 40% is $380 millions and 50% is $475 millions. WOW can you imagine the paper gain. Next Qtr reporting likely the rating will be revised upward. The time is drawing near ....
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| 14-Mar-2014 13:24 |
China Fishery
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Kewe81, thank you for your article and statement " PS: With many companies bidding for Peru's fishery industry, the valuation must be attractive." It is important to note that after China Fishery has successfully acquired Copeinca. Now, " China Fishery Peru/ Copeinca is the country?s largest fishing group, ahead of former leader Tasa (14.1%)." This has triggered a debate in Peru, with voices clamoring for the government to impose restrictions on foreign ownership. Is there any wonder why funds are wanting to purchase Diamante, Peru 3 largest fishing group ??? Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?. Also Korean, " In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante. Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%)." Nothing wrong with the company. According to Undercurrent's report " The problem is the government's very bad administration," said one executive. This has frustrated businesses, he said. It has also affected their cash flow, and subsequent valuations. ?The value of any company is their cash flow. In the two last years the administration, without any discussion, has restricted the Peruvian quota of anchovy by about 40%. The cash flow reflected the issue and of course the companies' values are lower than they could be." In this situation, he added, Chinese companies could see an opportunity to come in at a cheap price, " wait two or three years and gain 40% or 50% in value" . Fosun may have the funds to buy Diamante, 3rd largest in Peru more than $950m more expensive than Copeinca [Fosun consider it cheap can you imagine .... ] and the Peruvian's government is likely to impose restrictions on foreign ownership. Greater China Fishery did the RIGHT THING to acquire Copeinca, 2nd largest lucrative fishing business at a cheap price. Cheers |
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| 14-Mar-2014 13:18 |
China Fishery
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Kewe81, thank you for your article and statement "PS: With many companies bidding for Peru's fishery industry, the valuation must be attractive." It is important to note that after China Fishery has successfully acquired Copeinca. Now, "China Fishery Peru/ Copeinca is the country?s largest fishing group, ahead of former leader Tasa (14.1%)." This has triggered a debate in Peru, with voices clamoring for the government to impose restrictions on foreign ownership. Is there any wonder why funds are wanting to purchase Diamante, Peru 3 largest fishing group ??? Chinese companies could see an opportunity to come in at a cheap price, ?wait two or three years and gain 40% or 50% in value?. Also Korean, "In March 2013, news outlets had reported that South Korea?s Dongwon was close to making a move for Diamante.Diamante holds 8.5% of Peru?s anchovy quotas, after Copeina/China Fishery (16.9%) and Tasa (14.1%)." Nothing wrong with the company. According to Undercurrent's report "The problem is the government's very bad administration," said one executive. This has frustrated businesses, he said. It has also affected their cash flow, and subsequent valuations. ?The value of any company is their cash flow. In the two last years the administration, without any discussion, has restricted the Peruvian quota of anchovy by about 40%. The cash flow reflected the issue and of course the companies' values are lower than they could be." In this situation, he added, Chinese companies could see an opportunity to come in at a cheap price, "wait two or three years and gain 40% or 50% in value". Fosun may have the funds to buy Diamante, 3rd largest in Peru more than $950m more expensive than Copeinca [Fosun consider it cheap can you imagine .... ] and the Peruvian's government is likely to impose restrictions on foreign ownership. Greater China Fishery did the RIGHT THING to acquire Copeinca, 2nd largest lucrative fishing business at a cheap price. Cheers | |||||
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| 13-Mar-2014 02:47 |
China Fishery
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Slpy, you are right. It is important to know what Carlyle has put into the BB to know their commitment. Being the 2 largest SSH in the group, they are watchful and mindful about the progress and the success of the group. They are accountable to their investors for their investment. Carlyle to Invest US$ 190 Mln in China Fishery Group
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| 06-Mar-2014 01:45 |
China Fishery
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Just finished with my work, so decide to take a look and found your comment ... Newbie. Suddenly something prompt me to check on this BB history.... guess what ??? Pretty interesting around this time, the BB will leap and energise. Yes, I must say " Good days in here" . Somehow around this time the BB is energised, pretty interesting phenomenal. Today's movement is like a wild horse being restrained, let see how long they can BB hold on " " " just watch
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| 28-Feb-2014 00:16 |
China Fishery
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Or the former management is inefficient in collecting debts whereas CF is effective in getting it done. It is a good mix as the management of CF said they benefited from Copeinca's process. Greater CF will integrate into a powerhouse in fishery business, no wonder the new management team is confidence of achieving continued profitability for the financial year 2014. |
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| 18-Feb-2014 09:22 |
China Fishery
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Trying to make sense of what this article is all about .... why would Undercurrent reports " The world's largest fishing vessel, the factory freezer ship Lafayette, has turned up in the Pacific Ocean east of Australia." Big deal ??? It makes sense when you read the report before that. Now they are being deployed. Their Engine is moving / engaging .... Asked about the reason for the impairment, China Fishery said it was due to temporary inactivity: ?Lafayette was not deployed for a period of time for the purpose of a class survey of the vessel,? a spokesperson told Undercurrent.
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| 17-Feb-2014 22:33 |
China Fishery
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Waaah the debts issue sound so serious. How come they didn't anticipate that when they acquire Copeinca ??? Mr Patrick Thomas Siewert 58, who was appointed as a Non-Executive Director of the Company. Mr Siewert is also a member of the Audit and Risk Management Committee, Investment Committee and Corporate Social Responsibility Committee. He is a managing director of the Carlyle Group, focused on investments in consumer and retail businesses across Asia since April 2007. Being the 2nd substantial shareholder is the company he should advise them in this investment. Heard Carlyle Group is very sound in their investment. I am sure they will be an asset to the company. ?Our strategy of acquisition and consolidation of business in Peru is translating into strong growth for the group,? said China Fishery?s managing director Ng Joo Siang in a statement, describing the fishmeal and oil operations as a ?key growth engine?. |
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| 17-Feb-2014 16:19 |
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Since Stockpiler said the price will drop after the xd. Isn't it better the price don't go up. We still can collect dividend and wait for more announcements. Someone said 2 Qtr the BB should bring in more sales and profits. Why would you want the price to go up ? Sorry don't understand | |||||
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| 16-Feb-2014 13:28 |
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You mean tomorrow if I decide to sell, I will still receive the dividend. Is it ? Thks | |||||
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| 16-Feb-2014 12:23 |
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Can someone help. If ex-date for the dividend is on 24 Feb, then 21 Feb is the cut-off date to receive the dividend. Is it correct ? Thks | |||||
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| 15-Feb-2014 12:45 |
Olam Intl
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That is a good question, but I doubt so. It is already 1 year, would MW and the rest still be holding on to their short position ??? Bottomline shareholders want to see profits, otherwise they will still be subjected to market force at work. Stay neutral. Not vested |
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The world's largest fishing vessel, the factory freezer ship Lafayette, has turned up in the Pacific Ocean east of Australia.
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