AGRICULTURAL DELEGATION VISITS AUSTRALIA
Ulaanbaatar, Mongolia /MONTSAME/ A delegation led by P.Altangerel, the head of the Standing committee on environment and agriculture and E.Bat-Uul MP, visited Australia on November 28-30 to study agricultural experience of this country.
During the stay, the agricultural ministries of the two countries co-organized a joint committee meeting in accordance with a bilateral memorandum established in February of 2011. The meeting was co-chaired by Ch.Enkh-Amgalan, a department head of Mongolia's Ministry of Food, Agriculture and Light Industry, and by Mrs. Paula Svarcas, a leader of the bilateral trade and market department of Australia's Ministry for Food, Agriculture, Forestry and Fisheries.
In addition, the Mongolian Ambassador to Australia Ts.Jambaldorj, and head of the Australian veterinary authority Mark Ship have signed a protocol on exchanging deep-frozen sperms of cows and sheep.
The sides have shared views on expanding the agricultural collaboration and expressed a mutual willingness to widen the agricultural products trade. They have agreed to export Australian agricultural products to Mongolia. The Mongolian side has requested Australia to support and assist in setting up a wool and cashmere exchange, adding that will send a related project to Australia in near future.
Within the visit, the delegation got acquainted with the New South Wales state-based Australian wool exchange and activities of the Association of Grain Trade.
Next joint committee meeting will run in Mongolia.
B.Khuder
During the stay, the agricultural ministries of the two countries co-organized a joint committee meeting in accordance with a bilateral memorandum established in February of 2011. The meeting was co-chaired by Ch.Enkh-Amgalan, a department head of Mongolia's Ministry of Food, Agriculture and Light Industry, and by Mrs. Paula Svarcas, a leader of the bilateral trade and market department of Australia's Ministry for Food, Agriculture, Forestry and Fisheries.
In addition, the Mongolian Ambassador to Australia Ts.Jambaldorj, and head of the Australian veterinary authority Mark Ship have signed a protocol on exchanging deep-frozen sperms of cows and sheep.
The sides have shared views on expanding the agricultural collaboration and expressed a mutual willingness to widen the agricultural products trade. They have agreed to export Australian agricultural products to Mongolia. The Mongolian side has requested Australia to support and assist in setting up a wool and cashmere exchange, adding that will send a related project to Australia in near future.
Within the visit, the delegation got acquainted with the New South Wales state-based Australian wool exchange and activities of the Association of Grain Trade.
Next joint committee meeting will run in Mongolia.
B.Khuder
Bunge Limited symbol {BG} engages in the agriculture and food businesses worldwide. The stock currently trades around 59 dollars a share. I think the stock could easily get to 450 dollars a share over the next five years. Yes you heard it right four hundred and fifty dollars a share. Assuming their are not stock splits. And what do I base this on If the companies profit margain expands from around 1.75% to 4% over the next five years and if the sales of the company expand from 54 billion to 85 billion thats growth of about 7 or 8 percent a year and if the companies stock than trades at a price earnings ratio of about 20. That would put the price of the stock at 450 dollars a share. It could even be more than 450 dollars a share if you reinvest your dividends the company pays a dividend also if the company does a share buyback this could increase the value of the stock even more. Keep in mind that their are stocks that are popular that trade at much higher price earnings ratios than 20 times earnings one example is whole foods market it currently trades at 35 times earnings. Also keep in mind that bunge is a company of really decent quality not at all a high risk stock. It has the potential to leave a company like proter and gamble in the dust. I understand your skepticsm if you are reading this but go to any stock broker or financial planner CPA that knows how to value stocks and they will confirm everything that Im saying here.
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