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China has the capability of pulling the market, but it is still a question mark whether what we saw in the third and fourth quarters will actually continue, said Gorjan Nikolik, senior analyst at Rabobank. Photo: IntraFish

'Large parts of the industry are now below costs': Sector wonders when consumers will respond to lower farmed shrimp prices

China has the potential to pull the market, but COVID concerns threaten its comeback as the world's largest buyer.

9 February 2023 5:22 GMT Updated 9 February 2023 14:22 GMT

By Dominic Welling

The global shrimp supply is expected to weaken in the first half of this year amid muted demand in North America and Europe and sinking wholesale prices, according to Dutch lending giant Rabobank.

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Shrimp

'Large parts of the industry are now below costs': Sector wonders when consumers will respond to lower farmed shrimp prices