China’s Shrimp Market Overshadowed By Lowering Prices and Difficulties in Aquaculture
Earlier with market rebound, many Chinese farmers had been stocking shrimps and waiting for higher prices. However, in late April, shortly before China’s Labor Day, price contraction started. In the past, price contraction happen after the festival. In addition to lowering prices, some farmers have also had to deal with high disease incidence and some seed problems.
According to one farmer in Zhanjiang, his buyer called him on April 27 to cancel an order, because great quantities of shrimp had flooded into retail markets of...
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