)The top 100 stock
market authors
selected for publication
market authors
selected for publication
mojotronic
»
Comments
» Single Comment
| 
-
The Seeking Alpha 100
See all
Seeking Alpha 100 » -
Fastest Climbers
Authors with the largestSee all
increase in followers
in the last 7 days
Fastest Climbers » -
Top Commenters
Top commenters,See all
as ranked by their peers
Top Commenters » -
Top Instabloggers
The 100 most activeSee all
Instabloggers.
Top Instabloggers » -
Top StockTalkers
TopSee all
StockTalkers.
Top StockTalkers »
-
Jun 23 16:34 pm
|Rating:
0
0
All Comments by mojotronic »China Organic Agriculture Buys Vineyard: Business or Pleasure? [View article]
Demand in China for foreign wines, including those produced in California, is growing rapidly. In 2007, the import of wine into China totaled approximately 54 million bottles, representing a 125% growth from 2006, according to the latest report of the International Wine and Spirit Competition. The market share of imported wines in China increased from 6.6% in 2006 to 10% in 2007, while industry analysts project that share will reach 18% in 2008. Total wine consumption in China is expected to increase 65% from 2001 to 2010, a growth rate 6.5 times faster than the global average.
CNOA has grown their rice profits exponentially for the last three years and should have no problem increasing their profits in the fast growing wine business. I like that they're aggressively expanding their business portfolio, and seriously suspect the author of this article is short on CNOA and unable to buy back in at the moment.