Changes in Market Forcing Price Increases in Chinese Imports of White Shrimp
China has seen frequent price increases of its frozen seafood in August, especially imported ones, since the depreciation of the renminbi (RMB). Local importers and distributors are pleased, and those in the business of imported white shrimp have regained confidence thanks to the rising prices.
As one white shrimp importer said, most were losing money earlier and feeling depressed while selling white shrimp because of a large supply but limited demand. Luckily now the market is starting to rebound, and they think their...
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