So why is Zespri planning on growing Kiwifruit in China then? I think if you read this article it provides a good overview of what we've been discussing (don't forgot to read the comments at the bottom). It's a pretty interesting read and relates to both Comivta, Seeka, and also A2 Milk:
https://www.stuff.co.nz/business/ind...fruit-in-China
The key take away to understand (and this is more of a personal view and a bit of a conspiracy theory) is that ultimately it's about "China first". From China's prospective their end goal is to have everything produced in China. In other words, they're not going to continue to buy over priced kiwifruit and infant milk forever. Their end goal is to effectively steal the (food) technology and then repatriate it back to China.
Alot of these JV and partnerships are just a way for China to expedite this process. Yes, for a few years we get high prices for kiwifruit and milk but once their domestic market ramps up production and improves food safety that's when they'll switch back to local producers. What I'm saying is that eventually China will be able to produce good quality kiwifruit and milk and that's when they'll roll out protectionism rules and effectively shut out the global market. Say good bye to A2 and Seeka shares when this happens.
And, that's what brings me back to Comvita, because if they try and do the above the can't, because it's EXCLUSIVELY only available here, and Comvita EFFECTIVELY has a global monopoly. That's why I'm expecting a huge take over premium.