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ผู้เขียน หัวข้อ: China; Huge Domestic Market for Cooked Shrimp;Credit Watch on Russia  (อ่าน 1832 ครั้ง)
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« เมื่อ: พฤศจิกายน 30, 2008, 01:05:23 PM »

China; Huge Domestic Market for Cooked Shrimp;Credit Watch on Russia

 
A huge market for cooked shrimp has opened up in China, according East China Seas, a Beijing-based seafood company.  The Chinese market for the company’s cooked, head-on, shell-on shrimp has increased from zero to 50,000 metric tons in the last year, said Didier Boon of East China Seas, largely due to the ban on Chinese shrimp exports imposed by the Australian government in October 2007, but also due to the expense and problems associated with exporting to the European Union.  “Because of various difficulties in the industry, we are being forced to find new markets, and at the moment the domestic market and Russia are our best options,” said Boon.
 
As a result of the current financial crisis, however, some Russian importers have not been able to make payments on several containers of seafood.  Boon said: “We have 9,000 metric tons of seafood sitting in Russian ports at the moment because people can’t pay.  They pay the deposit, but then the Russian banks won’t give them the money to pay the balance.”  East China Sea is being forced to take back product and sell it at a loss.
 
Boon thinks these problems are temporary, and says in three to six months the Russians will be in a better position to increase imports.
 
Source: The Wave (an online, subscription-based news service published by IntraFish Media, Norway).  Editorial Director, John Fiorillo (phone 206-282-3474, extension 25, cell 206-963-5732, fax 206-282-3470, email john.fiorillo@intrafish.com).  Huge growth in China’s cooked shrimp market.  Rachel Mutter.  November 6, 2008.
 
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