But even with cheap chicken, no one was willing to buy it. The bird flu outbreak in Hong Kong had become too serious, with people being hospitalized with severe symptoms. Even chicken that had passed quarantine was no longer something people dared to eat.
At this point, the authorities had to introduce another policy to mark dressed chickens that had already passed quarantine with a special mark.
At the same time, a whitelist of reputable merchants was released to identify which farms produce trustworthy chicken that has undergone strict quarantine procedures. Farms that are officially stamped and included in the whitelist can sell dressed chickens smoothly.
People have stopped eating chicken and switched to duck and pork. Meat prices often influence each other. Due to the outbreak of bird flu in chicken, the prices of beef, mutton and pork have also risen significantly.
Lin Zhiyuan returned from the New Territories farm and discussed with Chen Dong:
“Our farm has been established for more than two months, but staff are not allowed to enter or leave. Food and feed are supplied in a special place and are disinfected before being delivered to the chicken coop.”
"People are going crazy from being cooped up."
“Chen Dong, the ducks and suckling pigs are about to be ready for slaughter, and the price of chicken has dropped to HK$15 per catty, which is almost half of what it was before the bird flu was exposed.”
Chen Dong nodded slowly. "Of course I know."
"Of course you know? You should think of a solution!" Lin Zhiyuan asked anxiously. "Then you should know that our farm is located on the edge of the New Territories, where the rent is very expensive. The price of chicken has fallen to this level and there is no trend of it rising. If this continues, we will lose a lot of money."
Chen Dong sighed and comforted him, saying, "Don't worry, the policies introduced on the mainland haven't taken effect in Hong Kong yet, so the price of chicken naturally won't rise."
"When will it go up?" Lin Zhiyuan asked anxiously.
Previously, he had followed Chen Dong to manipulate the stock markets in Hong Kong, Japan, and H country, sometimes earning as much as 100 million US dollars in a single day. He was already used to such a large amount of money coming in.
However, Lin Zhiyuan was somewhat unaccustomed to being put in charge of such a slow-paced project.
“We previously purchased 3 million chicks, and the culling rate of the chicks is 1/100. We currently have 2.9 million live chickens in the farm, 100,000 ducks, and 50,000 piglets.”
"Furthermore, as you instructed, I have also contacted farmers in the United States and ordered more than 50,000 cattle and sheep from them at a price of around HK$30 per catty."
"For the past two months, Longteng has only been sending out money and not receiving any."
Lin Zhiyuan raised his voice to remind Chen Dong, "Although Longteng has a strong cash flow, it can't afford to squander it like this."
He was still anxious about the money only coming in and not coming out, but Chen Dong's mind was not on that at all.
"Which farm in the United States did you order beef and lamb from?" he asked.
"New Parkway Farm in Beautiful Country, the farm owner is Julia."
Chen Dong let out a sigh of relief. "Now that chicken prices are falling, while beef, lamb, and pork prices are rising one after another, do you think they'll still accept the price you agreed to back then?"
"Really?" Lin Zhiyuan deliberately took out a copy of the contract they had signed from his briefcase. "We paid a deposit of one million US dollars."
"The entire deal is worth over $25 million."
"If they want to go back on their word and deny it, they will have to pay us two million dollars as a penalty for breach of contract."
Chen Dong picked up the contract and carefully examined the terms before asking, "What if they delay delivery due to force majeure?"
"It's written in black and white here that the delivery time can be extended by one month."
International trade typically allows a two-month grace period for transactions. However, Lin Zhiyuan was worried that the beef and mutton might not be able to enter customs on time, which would disrupt Chen Dong's plans. Therefore, he specifically shortened the time, reducing the two-month grace period to one month.
"When do you need this shipment to arrive at Hong Kong Customs?" Lin Zhiyuan asked.
Chen Dong frowned and thought for a moment. It was February, and the supply of chicken was already problematic, but the stock of chickens and ducks in the New Territories farms could last for a week.
......
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