Bangladeshi black tiger shrimp producer Apex Foods reported a drop in both its turnover and full-year 2014/2015 earnings on the back of lower prices, volumes and a drop in exports to the United States and other international markets.
An average drop in prices of about 30 to 40 percent in the international market, resulted in the "significant" decrease in its sales value, down 28 percent from BDT 3.8 billion (€42.8 million/$48.8 million) to BDT 2.7 billion (€30.4 million/$34.7 million), Zafar Ahmed, chairman at the firm, wrote in the company's annual report.
"And
