Lucrative China shrimp business is in developing local downstream shrimp markets not in increasing global production…….

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?

....anyway going downstream is where the bigger margins are in commodity vannamei.

Shrimp industry exporting to China merits a move away from US technology for penetration and long term success…

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.

https://www.ft.com/content/b55fc6ee-1787-11ea-8d73-6303645ac406

A big protein gap for shrimp to fill in with China – vannamei global pricing still led by Ecuador…

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.

China’s Pigs to Take Half a Decade to Recover From Killer Virus

Global shrimp price tendencies for farmed vannamei though have always be led by Ecuador.

Prawn – an everyday essential in China

China – the planet needs to curb its appetite for red meat, pork and chicken.

Seafood is seen as everyday essential.

Shrimp demand to grow.