Was it not just easier for Evergreen to get an exclusive supply contract for 60,000 MT of shrimp out of NAQUA in Saudi and fund the opex?
3 5 2 law in China. Will mean linkages on import, trade and suchlike will have to align.
Add in a US/China trade war and a long term distance sourcing China strategy.
No doubt China will also be looking to develop it’s own shrimp certification, source traceability and food safety systems.
US developed certifications, IBM Foodtrust and even US equipment may not be the most welcome for business continuity and trade into China.
Different technology will need to be offered. Or at least a bolt on overlay.
There will no doubt be a very fast growing farmed shrimp protein market in the world for next five years led, as in past decades, by internal China markets.
Global shrimp price tendencies for farmed vannamei though have always be led by Ecuador.
Seafood is seen as everyday essential.
Shrimp demand to grow.