China’s Salmon Market Is Transitioning as New Entrants Try to Expand While Losing Money
SEAFOODNEWS.COM [FishFirst] translated by Amy Zhong - September 10, 2018
China’s salmon market is at a stage of transition when new entrants have flooded into the market. Some have offered discounts so great that they are losing money. Many insiders are under increasingly great pressure because now wholesale prices of frozen salmon are close to their import prices.
The import volumes have been on the rise, while there is little change to the demand. The market was profitable before, when there was smuggling, said one insider, but now when legal imports have become prevalent, it is suffering from losses...
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