News Summary October 15, 2019
The Winding Glass: With China Gaining Bigger Seafood Footprint, US Market Losing Control of Pricing
A new Winding Glass column from SeafoodNews founder John Sackton discusses China’s growing seafood footprint, as the US market begins to lose control of pricing. John writes, “For many years, China has been the largest seafood consuming country. But it is only in the past five to ten years that Chinese demand has shifted from homegrown carp, oysters, and tilapia to major high-value seafood species, like lobster, salmon and shrimp. The result is that China as a center of seafood demand is pulling world trade away from the US, and the US actions toward China are increasingly irrelevant.”...
To Read Full Story Login Below.