China’s Closed Fishing Season Having Unignorable Ripple Effect
China’s closed fishing season, which reduces its domestic seafood supply and pushes prices upward, began this May. For example, white shrimp prices have been on the rise in the South China since mid-April, and some are set to exceed 70 yuan/jin (1 jin=0.5 kilo) during the closed fishing season.
This season is bad news for live seafood lovers in China but a great opportunity for overseas suppliers. Consider the example of Ningbo, which has just started its four-month-long closed season...
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