Fresh and frozen shrimp processor Gel-Peche is predicting lower sales for the current financial year as supply issues continue to impact the wild warmwater shrimp market.
Last year, the company reported a turnover of €34 million ($38.6 million) on total volumes of 4,700 metric tons of mainly shrimp from Madagascar, India and Vietnam as well as smaller volumes of Peruvian giant squid and fish such as mahi mahi.
For 2016, Gel-Peche is expecting "a bit of a deterioration," Cedric Lebourg, managing director at the company, told IntraFish.
