Replies to post #101241 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

Yes, it's different for the Giant prawns.

But you can't grow them to sizes of 500g in just 14 weeks. LOL. You know they sink to the bottom if they get really big, so that would not be an efficient use of the tanks for SIAF. I think the best we can hope for is sizes 20/kg if even that. The final grow out stage is only 2 or 3 weeks.

Nevertheless, you get a really good price for sizes 20 or 30 /kg relative to 60/kg.

You can probably find more details in the filings about the sizes at different stages. But that doesn't mean they are applying the same strategy now. I know I'm pretty much on target.

[RealDutch]

Here you go. From the Q2 report.

This quarter, we saw the drop in sales of eels but an increase in prawn sales with an overall drop in gross profit mainly due to sale price differences of the two species explained earlier. The lower gross profit margin in prawn sales for the quarter reflects results from improved prawn grading for sales of prawns at four (4) distinct stages throughout the grow-out period (14 weeks) aimed at reducing mortality risk while quickening the rate of sale turnover. Respectively, stage one (1) prawns (5 to 6 weeks), which approximate the size of river grown prawns (at 100/120 piece count), are marketed and readily accepted due to their excellent flavor and meat quality. Coincidentally, the same sized prawn are a common favorite in Sweden, and provides an opportunity for the Company to one day seek an opening in this market once sufficient production is underway to meet both domestic and outside demand.

So, the Giant prawns are sizes 110/kg after 5 or 6 weeks. They could sell as much as half of these (or more) after the first stage/ 6 weeks. So if we assume the average to be 90/kg for the Giant prawns, then we should be close.