Chinese Shrimp Prices Declining as Production Rebounds in Southern Farms
SEAFOODNEWS.COM [Shuichan] Translated by Amy Zhong - July 2, 2015
A recovery in shrimp production among producers in South China has domestic inventories well supplied, which has put downward pressure on prices for the country's producers.
On April 28, trucks from Guangzhou have come to the agriculture zone of Heya village, Nantong town to buy shrimp at the price of 80 yuan/kilo. This was the first batch of white shrimps which Guangzhou customers bought from local farmers. However, by late May those prices had decreased to as low as 50 yuan/kilo.
“They are the same 1-kilo white shrimps. But their price has declined by 30 yuan from that of one month ago,” said many farmers in Rudong county of Jiangsu in early June...
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