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China Fishery - Low PE
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stockpicker
Master |
18-Jun-2014 12:22
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will see how El-Nino will develop.. so far,  the catch is so bad that it will be lucky to get 50% of last year' s 3.2 million tonnes unless Peru kept extending the area and the seasons which will deplete the stocks quicker..
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Leongsan
Senior |
18-Jun-2014 12:22
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Peru fishmeal and fish oil as the main raw material catches reached only 25% of the catch quota season is understood that the new season begins captured April 23 As of June 9 has been in the past half, but the catch was far below the 50% level in the next eight weeks
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stockpicker
Master |
18-Jun-2014 11:18
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So far so bad.. up to  end of April only about 25% of quota.  Did better in 2nd season but still only 50% as of June 9.  Heard that catch on week ending 17 June was  not much better than June 9..Now they said to extend the 5-10 miles limits for  industrial fishing.  Lets see how it  will go.. http://www.wantinews.com/news-8581559-Peruvian-anchovy-fishing-season-the-first-time-more-than-half-but-completed-only-25-of-the-quota.html   |
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Leongsan
Senior |
18-Jun-2014 10:43
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Only thing that matters for CF are landings of anchovy and price. They held back paying the money that they borrow to repay Copeinca bond holders. That is how serious the cashflow? Dont think it will be short of cash. It has been cashing up and so is the Group. Any info on the latest landing to 15 June? I hope they can get to the half way mark this season.
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stockpicker
Master |
18-Jun-2014 10:35
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Obama knew that he could never do much  to curb  pirate fishing because those countries involved in pirate fishings are outside his jurisdiction and pirate fishing is populated  due to higher fish prices which  is something that is beyond his control.  Then his priority is to protect the ocean and the US' s ocean and environment.. so he could only declare US' s ocean off-limit to commercial fishing.  This may not help when  pirate fishing are mainly from Africa,  Thailand and some countries that have little or no control over fishings. |
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stockpicker
Master |
18-Jun-2014 10:15
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Hi.. that Obama' s plan to declare vast area in Central Pacific Ocean is to make the area off-limit to commercial fishing.  This is not going to help CF.  Pirate fishing is actually caused by rising fish prices partly due to protectionism that raised taxes for the coastal areas and mainly due to supply and demand.  Pirate fishing is part of the vicious cycle as its business rises, it will not only deplete the fish supply causing higher and higher   fish prices but will also pollute the ocean.  It is this second part,  " polluting the ocean" ,  that Obama is so kancheong about.
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Blanchard
Master |
18-Jun-2014 09:37
Yells: "Winners cry..... Losers smile....." |
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As mentioned in the article, the forward-looking  step to create the world' s largest marine sanctuary in the central Pacific Ocean is good...... yes, step by step.
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stockpicker
Master |
18-Jun-2014 09:20
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May be you could share  why we should not underestimate this initiatives and that it will help CF a lot in  the bottom line?  Yes,    1 in 3 fishes to US is from pirate fishing but they are mainly from the African countries like  Somolia   some from Thailand. 
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Blanchard
Master |
18-Jun-2014 09:00
Yells: "Winners cry..... Losers smile....." |
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One can never underestimate the positive consequences of successful implementation of global initiatives that promote the sustainability  in the fishing industry.
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stockpicker
Master |
18-Jun-2014 08:17
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Don' t expect the successful curbs in pirate fishing in the US   is going to help CF' s bottom line.    CF' s market is China and not US.    Then,  CF  is now more involved in fishmeal and fish oil producing dealing with Anchovy which was not known to be in the pirate fishing trades.    It may help CF' s old trade   if it changes to sell fishes in bulk to  US.  |
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Blanchard
Master |
18-Jun-2014 00:07
Yells: "Winners cry..... Losers smile....." |
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  US to clamp down on ' pirate' fishers - http://news.yahoo.com/us-clamp-down-pirate-fishers-150146509.html      .....for your reading pleasure.....
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tchoonw
Master |
17-Jun-2014 16:27
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It is a dead salted fish...
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stevenlim109
Master |
17-Jun-2014 14:01
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fishes in the ocean is running low !!!
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stockpicker
Master |
17-Jun-2014 11:19
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Will agree with you when fishmeal was USD$700/= per ton 8 years ago.. today,  the price is almost 3 times @ about $ 1,800/= per ton,  soon going to be USD$2,000.  This suicidal price will only benefit the  production of alternative food.
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Observers
Elite |
17-Jun-2014 10:23
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Hopefully as China people get richer, they also want to play with pets. Pet food also can add fish meals with omega oil, healthier for their precious ones. |
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stockpicker
Master |
17-Jun-2014 08:04
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Used to know pig eats everything.. may be those you mentioned are special types
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Leongsan
Senior |
16-Jun-2014 15:09
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Main use is for piglets, Need fishmeal to grow well. China is the superprime market. Not many people realise this demand.
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stockpicker
Master |
16-Jun-2014 15:02
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With the fishmeal price only going as high as USD$2,000 per ton,  with El-Nino this time affecting the fish catch and also,  with the  understand that there are alternative sources of fishmeal such as soybean meal available that has kept the  aqua-cultural farm going with  decreasing supply of  fishmeal,    it will be a  surprise if CF or Copeinca can turn-in good results as good as before.    However,  will wait till CF announces its result early next month before reviewing it again... |
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Isolator
Supreme |
16-Jun-2014 12:59
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Long when it is still quiet.... Anytime soon...... Enjoy... | ||||
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stockpicker
Master |
16-Jun-2014 12:55
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Very quiet here..can hear needle falling sound&hellip here is one interesting article about fishmeal prices.. i.e. will the price peak in the coming El-Nino? The article is lengthy but it has plenty of charts and analysis.   At the end,  it appeared to say that the Chinese,   who is the biggest buyer,   were ready for the El-Nino as they have purchased more than necessary in 2013 and early 2014 when the price was low at around USD$ 1,500 per ton.     Whether they have the inventory to take them over the El-Nino is something the Chinese and the other suppliers will be watching carefully over the next few month for the development of El-Nino.         Most expected that price of fishmeal will reach USD$2,000 per ton and fall rapidly in 3rd Quarter of 2014 when the El-Nino is almost over. enjoy reading http://webcache.googleusercontent.com/search?q=cache:dqnP-VKYrqwJ:www.efeedlink.com/contents/06-12-2014/729d28f2-5476-4eaf-9bfd-27707db81cfb-e670.html+& cd=10& hl=en& ct=clnk& gl=sg If for some reason that this forum ejects the weblink,  google with following words eFeedLink - Record fishmeal prices on the way?       |
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  US to clamp down on ' pirate' fishers -