Sino Agro Food Inc (fka SIAF)

[Emilez]

. Because of Chinas goverment decided that they need more beef in the country, they have made an agrement with aussie and there beef is tax free and therefore a lot cheaper then sinos beef. Thats why they are going to sell more high end beef like wagu where they wont copmetet against aussie beef. That will take aprox 2-3 years to make that transition from beef to high end beef, so right now they are countiuing there beef production as is.

I wonder how this will affect the listing of SJAP. And I wonder how long time it will take before this affects the prices of beef. I hope that SJAP will at least be profitable even afterwards.