27 Aug 2014 07:00
27 August 2014
AfriAg plc
("AfriAg" or the "Company")
AfriAg Marketing - First fish exports by sea to China
AfriAg Plc (AIM: AFRI) is pleased to announce that its new wholly-owned agri-marketing division, AfriAg Marketing Pty Ltd ("AfriAg Marketing"), has sold its first refrigerated 40 foot sea container, containing a gross weight of approximately 20 metric tons of South African-sourced frozen fish products to clients in the People's Republic of China ("China"). This shipment is due to arrive in China within the next week.
This sale consists of unique value added hake retail lines and general hake fillets for distribution to the wholesaler trade in China.
The Far East will be an important market for AfriAg Marketing. According to the latest World Bank Report Number 83177-GLB dated December 2013, from the UN Food and Agriculture Organization ("FAO") entitled "Fish to 2030: Prospects for Fisheries and Aquaculture", with China expected to account for 38% of global fish consumption by 2030. This report is available at:
http://www.fao.org/docrep/019/i3640e/i3640e.pdf.
David Lenigas, AfriAg's Chairman, commented:
"We are pleased with the speed that our new marketing division is growing and see tremendous opportunities ahead for AfriAg Marketing as we continue to open up new export markets in the Far East that are looking for quality Southern African food products in order to meet that region's growing consumer demand."
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For further information please contact:
AfriAg plc: +44 (0) 20 7440 0640
David Lenigas
Donald Strang
Nominated Adviser and Broker: +44 (0) 20 7148 7900
Cairn Financial Advisers LLP
James Caithie / Jo Turner / Carolyn Sansom
Public Relations:
Square1 Consulting +44 (0) 20 7929 5599
David Bick
Mark Longson