China’s Imported White Shrimp Trade Changing Quickly, Frustrating Suppliers
In early December, prices of imported white shrimp began to contract in the Chinese market and local importers and traders have gotten more cautious. One main reason for this decline is said to be excessive stock. Importers bought too many white shrimps earlier due to their overestimation of domestic demand and also due to their concerns about unstable foreign supply, according to media reports.
Within recent years, demand for imported white shrimp has skyrocketed in China, which in turn lured a great number of businessmen to enter the industry...
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