The novel coronavirus COVID-19 continues to upend the global seafood trade, reducing foodservice demand and complicating supply chains. If you have any stories on how your company is dealing with the crisis, message us here. Here's a recap of pandemic-related seafood news from Friday, July 17:
Following the COVID-19-related blocks to three big packers and mandatory inspection requirements by China, the South American country's shrimp industry has turned to its second-largest export destination, the US, in hopes that it might sell its product there at reduced prices.
A pound of size 21/25 shell-on shrimp that was going for $3.60 just a month ago is now being sold for $3.15/lb, one large East Coast-based shrimp importer told Undercurrent News, adding that there could be even "more bleeding to come if China keeps the pressure on".
Large buyers are reportedly renegotiating prices even as the shrimp is in transit and restaurants are trying to return unused product with concerns about significant write-downs on the value of what they earlier purchased, the source reported.
Meanwhile, the situation with Ecuadorean suppliers has thrown another issue into the already uncertain seafood trade between India and China. As reported in the Indian media last week, shrimp exports from India to China were already facing delays of more than 10 days in customs approval, although it was unclear whether these delays were directly linked to the border skirmishes taking place between the two nations.
“While there has been no policy announcement officially by China, we have to be doubly careful and see that our consignments are devoid of COVID,” Ravi Yellanki, former secretary of the All India Shrimp Hatcheries Association is reported to have said.
Also, US representative Jared Huffman, a California Democrat who chairs the House Natural Resources Committee's panel on water, oceans and wildlife, challenged the National Oceanic and Atmospheric Administration to explain why it's allowing some commercial fishing vessels to go without observers and at-sea monitors over COVID-19-related concerns while requiring others to carry on with the individuals onboard.
July 20, 2020 at 02:50PM
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COVID-19 recap, July 17: Ecuador's shrimp sellers look to US amid China issues - Undercurrent News
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