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Friday, April 29, 2016 11:08:28 AM
The drought certainly is a big deal for Vietnam, the SW and Mekong region has been hit even harder than Lam Dong and the Central Provinces. The rice harvests this year have suffered greatly along with the coffee harvests and as such the prices of those commodities will rise. It's catastrophic for SE Asia in particular as there are plenty of countries this way that are reliant on Vietnam's Rice Crop. A lot of poor people will be unable to buy their usual number of sacks of rice. As for coffee, it's not a necessity like rice so no tears shed if people have an extra 10c put on their Latte every day.
As for KBLB, it's a relative non issue. We are not directly using agricultural farmland for our product. The biggest net effect will be an increase in the price of mulberry leaves due to a bum harvest. Mulberry is widely available and with the TPP there will be plenty of access to tariff free Mulberry. Although not necessarily a positive because it may result in some marginally increased operating costs, I'm not treating this as a one season investment and possibly next year there'll be a bumper harvest.
To shine a positive light (for KBLB) on a very negative thing (for Vietnam), Lam Dong will be crying out for the type of investment that KBLB is looking to provide.
DOD
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