20th Oct 2014 07:31
LONDON (Alliance News) - AfriAg PLC on Monday said its AfriAg Marketing Pty Ltd division has secured its first import order of more than 18 tonnes of frozen prawns from India to South Africa.
The company said the order book for its agri-marketing arm is at USD350,000 on the back of recently-secured orders for 18 tonnes of South African-sourced Angel fish for China and another nine tonnes of Mozambiquan Langoustines to be airfreighted to the Chinese and Swiss markets.
The group said it is seeing fish exports from southern Africa increase, primarily to Asia and Europe.
"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," said David Lenigas, AfriAg's Chairman.
Shares in AfriAg were down in early trade, falling 5.9% to 0.4 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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