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 Thursday, July 2:
The US imported 37,961 metric tons of shrimp worth $319 million in May, 29% less volume and 28% less value than imported in May 2019. That’s also well below the 51,733t worth $439.4m imported just one month before, in April 2020.
In fact, the volume was so low that it set a seven-year record, plummeting almost to the 33,940t of shrimp worth $321.6m imported by the US in June 2013.
Also in the US, the House of Representatives has passed an extension of the Paycheck Protection Program, giving commercial fishing captains more than another month to apply for some $134 billion worth of remaining Small Business Administration-backed loans.
In Vietnam, it emerged that the country exported $192m worth of squid and octopus exports in the first five months of 2020, down 21.2% compared to the first five months of 2019.
Meanwhile, observers of the Indian shrimp industry said that although shrimp stocking has resumed over the past month, the country can expect a drop in production volume by 20-30% in 2020 amid the COVID-19 pandemic.
Lastly, in the UK, seafood distributor Reach Food Service has been forced to completely revamp its business model since March as nearly 90% of its pre-pandemic revenue involved direct supply to foodservice outlets.
July 03, 2020 at 02:22PM
https://ift.tt/2VKxy9b
COVID-19 recap, July 2: US shrimp imports crash; Indian output to fall sharply; Delivery boom for Reach - Undercurrent News
https://ift.tt/3eNRKhS
shrimp
No comments:
Post a Comment