IntraFish: What were the three most significant developments for your business in the seafood industry in 2014?
Alan Gey:
1) The raw material supply situation in 2014 is better than 2013 due to improved catches from the sea and gradual resumption of prawn/shrimp supply to the market.
2) Price competition remains keen due to intense rivalry not just among the Chinese seafood processors but also those from other low cost region (e.g.: Thailand, Vietnam, India etc). Coupled with rising labor costs in China and the tepid global economy, profit margins of seafood processors are subject to pressure.
3)
