High Prices on Crayfish in China’s Domestic Market Has Some Traders Concerned
SEAFOODNEWS.COM [Schuichan] translated by Amy Zhong - August 21, 2017
Crayfish price increase has been the most frequently discussed topic among industry sources recently: The prices have more than doubled within the past two months. They used to decline every August when the sales begin to end. But this year prices have ballooned nearly 70% at the end.
There are several factors that contribute to the dramatic increase. First, crayfish output contracts this year due to floods that hit main aquaculture regions like Jiangsu, Hunan and Jiangxi. As statistics show, the supply plummeted by about one-third this year compared ...
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