China’s Seafood Processing Plants Struggling to Satisfy Rising Demand From Retailers
With the coronavirus outbreak, many restaurants in China have temporarily closed down during this Chinese New Year, which exerts great influence on the country’s seafood sales. According to some insiders, its sales of freshly frozen seafood has plummeted by about 90%. Meanwhile, around 90% of live seafood sellers have complained about losses and many are worried about survival.
But there is some silver lining. Retail sales have been on the rise thanks to e-commerce platforms. One seller estimates that their February sales have doubled or even tripled...
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