Chinese Tilapia Farmers Feel Market Chill, Even as New Year Holiday Shopping Season Nears
China’s tilapia prices further declined in December 2019. Purchase prices of both processing plants and traders hit the lowest level within the past five years. As available statistics show, most processing plants have cut buying prices by about 0.1 yuan/jin (1 jin=0.5 kg; $0.01/jin USD) to 0.15 yuan/jin ($0.02/jin USD). Some even further reduced them by 0.05 yuan/jin.
In Hainan, the average purchase price is 2.7 yuan/jin ($0.38/jin USD) for...
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