With the travel bans to the US in place, Asian markets still reeling, and a Europe wide lockdown, sales of seafood overseas have been hit hard.
Zhitong financial app news, China Shenghai food (01676) released a notice, the company's board of directors proposed to change the company's name from "China Shenghai Food Holdings Company Limited" to "China Shenghai Group Limited", and change the company's Chinese dual foreign name from "中国升海食品控
It is understood that the raw material supply of Shenghai Food mainly comes from raw materials purchased by fishermen suppliers and algal product farmers, and processed raw materials purchased from enterprise suppliers.
The global spread of the epidemic may make Chinese consumers who love imported food much less fun.
Through a period of research on the distribution, market, and consumer side, we released the top ten most popular seafood products in Asia in advance.
In Lianjiang county, Fujian Province, the "hometown of abalone", there is a situation that the price of abalone is lower than the cost of breeding and cannot be sold automatically. More than 80% of the fresh abalone have no market, and the consumer end of the supply chain is directly blocked.