Fish consumption, prices both expected to rise more than most commodities over next decade says OECD

http://www.savingseafood.org/economic-impact/fish-consumption-prices-both-expected-to-rise-more-than-most-commodities-over-next-decade-says-3.html

for your reading pleasure...

Global fish prices leap to all-time high ....

Global fish prices have leapt to all-time highs as China’s growing appetite for high-end species – from tuna to oysters – runs up against lower catches.

The UN Food and Agriculture Organisation’s global fish price index, an industry benchmark that tracks the cost of wild and farmed seafood, hit a record high in May, up 15 per cent from a year ago and above the peak set in mid 2011.

“In the coming months, supply constraints for several important species are likely to keep world fish prices on the rise,” the Rome-based FAO has warned.

Changes in the Chinese diet have already boosted demand for grains and livestock feed, but the index suggests that the same phenomenon is under way in the seafood industry, where the total value of fish trade is expected to reach $130bn this year.

...more...

Ya Starlene. No update from China Fish since last Vesak Day. Guess the management is being prudent in view of current market situations. This is China Fish's strength which I like, and what's more, now cash-rich.

In addition, about 8 months from today, those vested could expect to see > 2% dividend credited into their bank account by end Feb 14 (as China Fish full year results would be out by Nov 13).

China Fish is “currently reviewing its options in light of the Cermaq and Copeinca announcements and will update the market in due course.”

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_34984830C0BF939048257B7500267AC3/$file/CFGL-CopeincaAnnouncement-240513.pdf?openelement

UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS

China Fish needs to have at least ~14.21% more. But got some update from the Copeinca Board:[Tough to acquire this valuable Copeinca? Would China Fish give up?]

" The Board has been informed by each of Dyer Coriat Holding SL (" DCH" ) and Weilheim Investments SL (" Weilheim" ) that each of them will not accept the current offer from CFGL. Together with the announcement from Cermaq, this means that shareholders controlling 51.5% of Copeinca's outstanding shares will not accept the current offer from CFGL and the Board consequently recognises that the CFGL offer condition of minimum 50.1% acceptance will not be satisfied.

The Board will reinitiate a process which will seek to maximise value for all Copeinca's shareholders by soliciting interest from parties potentially interested in acquiring Copeinca. The Board is confident that Cermaq, DCH and/or Weilheim would consider favourably any transaction that may result from such process, provided that this would be in the best interest of all Copeinca's shareholders."

http://www.benzinga.com/pressreleases/13/05/tr3616446/update-from-the-board-of-directors-of-copeinca-asa-in-connection-with-

http://www.reuters.com/article/2013/05/23/cermaq-copeinca-idUSWEB005QM20130523

http://www.undercurrentnews.com/2013/05/23/cermaq-opens-talks-with-others-as-marine-harvest-readies-higher-bid/

2. Still awaiting any new offer from China Fish. Would it be enough for China Fish to obtain the minimum acceptance level of 50.01%?

[The acquisition of Copeinca by China Fish would be transformational, elevating China Fish   to become Peru’s largest producer, as well as among the world’s largest producers, of fishmeal and fish oil. And Peru is the largest producer and exporter of fishmeal and fish oil by volume in the world.]

China Fish's current offer will expire after today. Guess a new offer would be out by tonite?

Marine Harvest's offer might be out today too?