Replies to post #80088 on Sino Agro Food Inc (fka SIAF)

[NYKnuckleballer]

As far as the fish are concerned, they still aren't earning a premium. In the mean time, they manage costs. The future of the Chinese market is heading towards being "qualified" and "certified". If SIAF keeps doing the right things, they will build their brand and eventually get recognized, i.e., get paid a premium.

As far as the beef, I don't know. They have Dragonhead status there. Given the Aussies will be import tax free in 5-years, SIAF is changing the model a bit and going even more premium with Waygu beef. The import tax is at least 23% so they still have room to charge a premium if the market demands it. Kind of doubt it though. I would guess they aren't getting a premium here either.

[RealDutch]

One only has to search the 10-K for "premium"

"We believe that our Sleepy Cod are well received and in demand, and in general our Sleepy Cod sell at premium prices of between 8% to 10% above the daily market averages."

"It is because our cattle are well fed and healthy with better meat recovery rates such that we normally get premium prices that are about 10% above the daily market averages."