China-Biotics, Inc. (CHBT)

[kmx_swing]

$665/kg (wow)

I have one comment - maybe I am not correct but I doubt I am completely out of picture - do not forget they are fighting with European competitors.

If you remember EURO was very low last months and dollar was benefiting from that. Chinese curency is tighten to dollar.

Now the dollar is weaker again so if they charge significant amount in Euros, the selling price as well as margin should be highjer in this quarter.

But that is only my speculation, not fact. I have no idea if they invoice in Euro at all. And if yes, what portion of their customers are requiring the invoices in Euro...

But unless somebody declares they charge only in USD, this note should be considered if average bulk prices are discussed