China's Seafood Imports to Increase This Year
Seafood prices in China usually stay at high levels around festivals. But during this Tomb-Sweeping Day, the balance has been stricken between the country’s shrimp supply and demand, and prices are likely to decline shortly after the festival. The large supply of imported shrimp is one main reason for the situation this year.
For example, Ecuador exported 56,956-tons of white shrimps to China and Vietnam this past January and February, most of which are estimated to be eaten by Chinese. This means an increase of around 60% in Ecuador’s export to...
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