We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been keeping flat at RMB12,600/ton at Shanghai port during the week while fishmeal off-take has shown certain expansion from previous 25k tons up to 32k tons in average per week. Though summer breeding has already started up especially in southern farms, total fishmeal inventory stockpiled at China ports remains increment to ease or reduce RMB cash trend in general.

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

We (CFO) are pleased to update below China FEED market information for you:

FISHMEAL SECTION

Cash trend of China fishmeal has been slightly going down to RMB12,900/ton at Shanghai port during the week while there’s an apparent increment at total fishmeal inventory stockpiled at China main ports. As of CFO records, such increasingly fishmeal stockpiles at China ports would be keeping expansion but constantly exceeding 300k tons during Q2.