Thx, I know GCN in Frankfurt WB as GCK since 2005. The ups and downs with the JV is still in my mind. Now it seems to be fulfilled because the merger KTL+P1 will perhaps create new win for GCN.
The production of grapes will be gained next year with new plants. The price will rise up too. And the 180,000 tons I took as basic are the production of 2015. There was in the chinese news a long film where they showed the plant and the visit of US SUN a major breeder of grapes. They told the quality of grapes would be as high as the best from Japan. These grapes get sold in China for up to 300 RMB/Kg.Richard Li was in the film with a camera. He seems to have more luck as with Jermaine and First Mongolian.
This year they have may be problems with the new theme but next year i expect 200,000 tons of grape with a Kg price of 200 RMB.
They told in the film also that they want produce only organic grapes with higher prices.
Good luck for us all.
GCN Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held