Thank you very much @sarmams. for the detailed information.
Promoter sold shares in open market. But the quantity is very less. One can check BSE website http://www.bseindia.com/stock-share-price/stockreach_insidertrade_new.aspx?scripcode=512573&expandable=2
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Indian exports have dominated the international shrimp trade in the first quarter of 2017, even as farmed shrimp production across the world remained low.
India emerged as the top exporter with a 34 per cent rise in sales volume at 96,921 tonnes, followed by Ecuador with sales at 93,370 tonnes, up 17 per cent.
“The lunar New Year celebration in January and February and spring festivals during April and May in East Asia kept the international shrimp trade steady during the first quarter of 2017, even though farmed shrimp production was seasonally low during the period,” said a report by Globefish, a unit within the Food and Agriculture Organisation (FAO) of the United Nations.
The report Moderate and Positive Production Trends for Farmed Shrimp analysed the market situation until May 2017.
Exports from both the countries (India and Ecuador) to East Asian markets of Vietnam, Japan and China, as well as to the US increased during this period, it added.
Ecuador’s exports to the European Union (EU) were higher, supported by its duty-free status, despite a decline in total shrimp imports in the EU during the first quarter of the year compared with the corresponding period in 2016.
During the first quarter of 2017, shrimp imports faltered in the traditional western markets of the US (minus one per cent) and of the EU (minus six per cent) over the year-ago period.
A strong Lunar New Year demand in the East Asian markets during January and February led to good trading during the first quarter of this year. There were higher imports in Vietnam, China (with direct imports from Canada, India, Greenland, and through border trade with Vietnam) and Malaysia, where local consumption remained high during January and February.
Import trends were positive in Japan (five per cent rise), Canada (two per cent), Russian Federation (seven per cent), South Africa (13 per cent) during the reporting period over a year ago.
The report stated that current supplies of vannamei shrimp are dominated by India, where the full-scale harvests started in June and consisted of large sizes (13/15 and 16/20).
Indian vannamei production had reached 406 000 tonnes in 2016, with total harvest of farmed shrimp at 500, 000 tonnes.
OCTOBER 13:
The Marine Products Export Development Authority (Mpeda) is looking at a 10-12 per cent growth in seafood exports in the current fiscal.
According to Mpeda Chairman A Jayathilak, seafood exports in 2016-17 reached a record $5.8 billion and the trends in the ongoing financial year are just as encouraging.
Speaking at the first-of-its-kind interaction with stakeholders from the seafood sector in Gujarat, he said Mpeda has formed 600 farmer clusters across the country under the National Centre for Sustainable Aquaculture. These clusters are completely under the guidance of Mpeda and they will help the agency to export quality marine products.
Moreover, the set up is such that it provides 100 per cent traceability to quality issues in the farms. Such initiatives will help give a major fillip to the export of quality seafood, he said.
The meeting organised in Somnath in Gujarat assumes significance at a time when Mpeda stepped up its efforts to increase the share of value added products in total marine exports from 17 per cent to 30 per cent. According to him, such meetings will benefit farmers directly and avoid the intermediaries from the scene.
Gujarat state government officials, aquaculture farmers, exporters and hatchery owners were among those who participated in the meeting.
As many as 20 aquaculture farmers participated in the event, which also offered a platform for them to establish direct linkages with exporters
Marine exports continue to rise in September 2017 as well. Growth of ~ 32% y-o-y.
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Benchmark starts trials of disease-resistant shrimp in Southeast Asia
By Matt Craze Oct. 13, 2017 16:42 BST
UK aquaculture technology group Benchmark Holdings says specific pathogen resistant (SPR) shrimp acquired through a company it purchased in Colombia can solve key illness issues such as white spot and early mortality syndrome (EMS)
In my view, it is always better to specify the source when pasting text from a link.
A FB video on how semi-cooked shrimp is made:
Few Observations:
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In last quarter promoter sold total 10,000 Shares.
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In this month too, promoters are trimming their holding frequently, on every new highs. They sold around 35,000 Shares in last 3 weeks.
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Malabar Investment Fund had halved its shareholding from 2.59% in Q1 to 1.20% Q2
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Retail Investors increased from 18377 in Q1 to 25353 in Q2.
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Isn’t it what we do(in fact all stakeholders) when valuations get stretched and it’s pf % gets outsized? For business quality, we have to wait for results and management commentary.
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You can get that on BSE website
Here is the exact link: http://www.bseindia.com/corporates/Insider_Trading_new.aspx?expandable=2
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Peter Lynch once said his weakness was not holding onto winners for long once they became multibaggers. The people here (promoters or directors selling) are not that great investors so they will make this mistake even more. Let us focus on fundamentals, if they remain strong then we can continue to hold and add during correction.
Avanti Feed is one of the few stocks that justify the 50 PE for the amount of growth it delivers.
Disc: Invested, will add more in near term
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Ankush ,
But we need to think about what Promoter knows that we don’t know.
I doubt Promoter would be that naive. Considering the way they have steered company till here.
Disclosure : Invested
Any idea if there is any impact on Avanti?
Disc : invested and no transactions in last 1 year
As per my knowledge about Shimp culture, this shouldnt be of impact as Andhra Pradesh is the leading state in aquaculture.
Hope this helps.
This post mostly talks about negatives floating around in the aquaculture news media about quality of shrimps exported to EU from India and off late it seems to be increasing. I request VP community to please share your views.
It appears that European Union has been complaining about the antibiotics in the shrimps since long time and now they are planning to audit the control process sometimes in end of November. Some of the media articles says it is a biennial event and visit by EU panel is part of a routine.
My point is but the audit event still needs to be watched closely right as any negative outcome like a ban or increase in inspection rate to 100% (currently it is 50% since Oct 2016, before that it was just 10%) may have repercussions on the whole industry and Avanti being one of the leading exporters it would have an impact irrespective of the quality of Avanti shrimps. EU is contributing to around 18% of exports it may not be a huge impact but it can still make a dent to the India’s new found and growing shrimp industry.
There is a bigger concern (thought it may be a stretched view but it is better to remain informed even if it’s remote possibility) that a ban by EU may influence US authorities to follow the suit.
“If the U.S. FDA decides to align itself with the E.U., which is what it’s threatening to do, we will have a really serious problem,” he said.
This can be a big worry if it happens though please note it’s definitely more of a speculative view.
On the positive side Ministry of agriculture seems to be working aggressively with different departments on how to contain the issues
I’m trying to see on the other side as it seems there hasn’t been much discussion happened on this front and it would be good to know thought of VP community and seniors on the same.
Disc: Avanti is part of my long term portfolio and forms major portion of it. No transactions in last 90 days.
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