There are signs seafood demand is picking up in China after the country abandoned its zero-Covid policy in November 2022

‘The supply/demand relationship will right itself over time. We expect to see a period of lighter year-over-year imports’ — Joe Rosenberg, co-president, CenSea

The Chinese government’s decision to ease restrictions on public movement and negative test requirements may have unintended consequences for seafood reprocessing.

‘The inventory has to get worked through before business gets back to normal and the inventory hasn’t been worked through yet’ — James Gulkin, Siam Canadian Group

Low prices, high inventories and tight warehouse space are just some of parts of a conundrum facing those with shrimp to sell.

Siam Canadian recently had a stand at the Seafood Latin America trade fair in Sao Paulo, Brazil as part of efforts to penetrate further into retail and foodservice.

The bad news continues for US shrimp importers. But Jim Gulkin, CEO and founder of Siam Canadian Group, sees hopeful signs.

I think we’re looking at a fairly sluggish fourth quarter coming up’ — Jim Gulkin, CEO, Siam Canadian Group

Importers brought 67,782t of shrimp into the US in July. That’s 11% under the 76,412t recorded in July 2021 and 12% under the 77,255t