CGC 0.00% $3.19 costa group holdings limited

Yes that market will grow, however we will be competing against...

  1. 514 Posts.
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    Yes that market will grow, however we will be competing against a lot of low wage countries.
    From the fresh plaza article
    "China: First large-scale cultivation projects started
    The demand for avocados is growing and competition in that market is getting tougher. Chile and Mexico, which are China's two most important suppliers, compete with one another. In March of this year, Mexico predicted that China will demand a greater volume than the US within the next ten years. Peru doubled its exports last year compared to the 2016 campaign. Growth is also expected this year. New Zealand is also ready to ship to China. In January, China opened its borders to the islands and imports from New Zealand are only expected to increase.

    Meanwhile, investments are also being made in domestic cultivation. There has been a major shift over the last two years. The sale of ripened avocados is growing rapidly. Also, the first avocado ripening facilities were inaugurated last year in Shanghai. This year, a second ripening centre will start operating in the south of the country. Investments are also being made in domestic cultivation.
 
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