QUOTE(Edward Wai @ Nov 8 2011, 06:40 PM)
Let's wait for another week as there is meeting between M'sia health minister and China counterparts this week. If there is good outcome, sure the price will go up, and the crisis will be over too.
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Time is running short and still no visible solution at sight so I believe those still with nests will need to wait much much longer for a better price as buyers aren't buying for CNY soon as they do not have time to process the nests in time for the festival.
I was sad that some local buyers are selling low to China buyers as they still make alot of money from buying very low recently and with it goes our chances to sell higher as China buyers now need not buy directly from us and can get better deal from our local buyers.
So, don't be surprise if the price still remain low immediately after the approval of Malaysian nests into China and the increment of price will only take effect after CNY provided if sales of EBN is good for the CNY.
Many Chinese Friends in China which I met few days ago in China knew about the Red nests crisis and were angry about it but still got a harsh lecture from me because 10 years ago, when I gave them the white nests, all of them didn't like the whites and only told me that they only take Red Nests and Reds are the bests nests even after my explanation of adulteration and impurities of the Red nests.....now, they suffer because of their ignorance and stubbornness on the matter concerned.
It may take some time before that Rich Chinese will take EBN daily so we all need to be patient and wait out the crisis.
Above, are my view on the price of EBN future and I hope that I am wrong about the waiting period........and hope that the price will increase even as I post now...
V3. Swiftlet Keeping Discussion, Home of Fuciphagus Domesticus