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Zhanjiang Shrimp Market: Selling price reach a new Low

By: INFOYU
Aug 25,2007
Transaction Snapshot in Xiashan Wholesale Market (25th August)

During August, the rush season for market entry, Penaeus Vanname in Zhanjiang was suffering with the negative market response on its domestic distribution. The depressed situation mainly resulted from the stuck exporting, which greatly de-effectuated the capital turnover of the most distributors, so that the running cycle has been extended to 30-40 days from 10-12 days before. Based on the statistics of Xiashan wholesale market in Zhanjiang, the selling price of Penaeus Vanname has been persistently decreasing, even to 4.5Yuan / 500g for 65 ps / 500g (glazing).

 
 
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