Okay, you make the point 'Lol at the agreement, no minimum sales needed'.
Yes, I am down too and most are all hurting but I cannot ignore the potential here with this agreement/announcement.
So below are some numbers to ponder.
https://www.ibisworld.com/china/market-research-reports/pig-farming-industry/
https://www.ibisworld.com/china/market-research-reports/poultry-farming-industry/
https://www.cfr.org/blog/biggest-animal-disease-outbreak-china
The Pig Farming industry in China is expected to grow at an annualized 13.7% over the five years through 2021, to $85.7 billion. In 2021, industry revenue is expected to increase by 6.7% to $130.3 billion.
Being the world’s largest pig producer and consumer makes China highly vulnerable to ASF (African Swine Flu). By the end of August 2019, China had already seen its pig inventories reduced by nearly 40 percent from one year earlier. The animal disease was estimated to have led to a direct economic loss of one trillion yuan ($141 billion).
Revenue for the Poultry Farming industry in China is estimated to grow solidly at an annualized 5.6% over the five years through 2021, to total $130.3 billion. This trend includes anticipated growth of 6.7% in the current year.
The China Companion Animal Health market was valued at USD 567.28 million in 2020, and it is expected to reach USD 1,102.25 million by 2026, registering a CAGR of 11.71% during the forecast period of 2021-2026.Okay, you make the point 'Lol at the agreement, no minimum sales needed'
A huge market with huge $ values involved. Let's see.
GLAH
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Okay, you make the point 'Lol at the agreement, no minimum sales...
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