20 Oct 2014 07:00
20 October 2014
AfriAg plc
("AfriAg" or the "Company")
AfriAg Marketing Trading Update
AfriAg Plc (AIM: AFRI) is pleased to announce that its 100% owned agri-marketing division, AfriAg Marketing Pty Ltd ("AfriAg Marketing"), has secured its first import order of 18 tonnes of frozen prawns from India to South Africa.
AfriAg is seeing its fish exports from southern Africa growing steadily to global markets mainly in Asia and Europe with a current order book of US$350,000 of seafood products either being processed or transported. This recent boost to the business has been helped by newly secured orders for 18 tonnes of South African-sourced Angel fish (species: Brama Brama) destined for China and a further 9 tonnes of Mozambiqan Langoustines to be airfreighted to the Chinese and Swiss markets.
David Lenigas, AfriAg's Chairman, commented:
"In these times of global economic and market uncertainty, one thing is a definite and that is the ever increasing need to supply food to a growing global population. AfriAg is successfully finding a niche market for supplying seafood into the expanding Asian markets in particular."
"Not only does AfriAg Marketing seek to export high value fish products to the global marketplace from Southern Africa, but it is also seeing growing demand from within South Africa for imports of certain species of fish products, such as prawns, where there is currently a domestic production deficit."
-END-
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