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China new key importer for shrimp
October 28, 2013, 04:10 PM
The early mortality syndrome (EMS) crisis triggereda trade flow shift from west to east, Gorjan Nikolik, seafood analyst at Rabobank,told the audience at GOAL 2013, while presenting the key findings of a recent study on the global shrimp market.

"China is emerging as the key new net importer," hesaid, with even Ecuadorian producers starting to move their products into China. The United States and European Union (EU), on the other hand, are showing contracting demand, where shrimp consumption is "stagnant or falling" since 2005.

This demand contraction in the west will accelerate, Nikolik said. "Retailers and foodservice are experiencing a margin contraction on shrimp products."

Source: (IntraFish)
Kim Thu
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