Sino Agro Food Inc (fka SIAF)

[RealDutch]

There is no need to feel discouraged. Shrimp prices are down globally because China had some distribution issues earlier this year resulting in less imports. Less imports = more supply = lower prices. Also, there was some panic harvesting in places like India ahead of the lockdowns.

Prices in China have already recovered a good deal. Look, China imports 600,000 MT of shrimp every year. If that is disrupted then there will be a shortage at some point, in China. But it will get going again soon no doubt.

This is where TRW has to outperform and beat the competition. I doubt they will lose money on shrimp because they are so profitable. Seafood in general is a different story. They will definitely take a hit on that with the closing of restaurants etc. But the TRW story is mostly about shrimp. ODRAS versus APRAS.

I was watching CNN yesterday. The US is really struggling with this virus. Talking about war between states. As is Europe. But the US is struggling even more. Perhaps it's time for Chinese listed stocks to outperform American stocks for a change as the virus will have a bigger impact than potential fraud fears. The Asian people are much better at dealing with this it seems. And they all have masks.