Russian Crab Producers Continue to Bear Huge Losses Due to Spread of Chinese Coronavirus
The demand for crab in the Asian-Pacific region and other global markets has significantly declined since the beginning of the current year due to the ongoing spread of the Chinese coronavirus. According to recent statements, made by representatives of some leading crab-producing enterprises in Russia and industry analysts, this has resulted in serious losses of producers, particularly those from Russia.
According to producers, in recent months export prices for their crab have declined to only US$7, compared...
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