Thursday, December 14, 2006

"Mr. Egg... Please Show Me Your ID!"

It is not one day in Hong Kong without getting a warning on TV about poisonous food. Sometimes it is fish, sometimes vegetable or some other fake products, and they all come from China. As a result a brand new market opportunity has been created for "certified good" food. China even created the "Edible Farm Product" label that they grant to brands with strict quality control of their production.

While I was at the Hong Kong Brands and Products Expo, I chatted for a while with Mr. Tony Sin the project director of De Qing Yuan (Website only in Chinese) a Beijing company that is entering the Hong Kong market. Armed with the Chinese Green Food label and a strict process control, they aim at introducing their product - eggs - in Hong Kong by positioning them as the safe option to other brands. Their pricing would be in between normal eggs and "organic" eggs.

Another difference with these eggs will be that the date of production instead of some expiry date will be stamped on the egg itself. Those expiry dates really mean nothing to me as they are so remote in the future (at least in Hong Kong supermarkets), but having the production date on the egg could be scary depending on the speed at which the supermarket can empty its shelves. Although I got used to seeing these expiry date, I don't know what would be my reaction to seeing eggs with a production date long in the past...

In short, there is huge market opportunity here, but isn't it a bit scary that maybe not long from now, while shopping, we will have to choose from the following two sections:

1. Reasonable price, BUT EAT AT YOUR OWN RISK
2. MORE EXPENSIVE, but safe to eat

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