Basa Being Gradually Replaced in the Chinese Market
This year basa has been losing popularity in the Chinese market due to such factors as fluctuations of exchange rates, weak market demand, and competitive substitutes. Industry participants are said to be struggling with rising costs but unsatisfactory sales, and the market prospect is far from promising.
Due to dollar appreciation, China’s basa industry has been faced with increasing costs since this June. Many importers announced to raise selling prices to be profitable or at least cover the costs, but their announcements did nothing but drove away buyers...
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