Replies to post #123989 on Sino Agro Food Inc (fka SIAF)

[RealDutch]

That's beef imports to the distribution center (Vigour)

I have no idea what they are talking about. Gross margin to SIAF is fixed, close to 12% or something. Dont's remember. But it's the trading facility for $20M and we don't really want to increase it.

I would expect them to import Wagyu beef to the abattoir so they can improve margins there and keep the show running. But apparently not.

I suppose that revenue from beef imports is not optimal right now and apparently they see an opportunity there. Vigour, although we do not own it, has to make some money as well and I doubt they are doing that now.