The full recovery of the seafood market under the influence of the epidemic will take longer

(Source: CCTV Finance 2020-06-28)

Recently, the news that the new coronavirus was detected on the imported salmon cutting board at Beijing’s Xinfadi Agricultural Products Wholesale Market has brought imported seafood products to the forefront. Faced with the sudden changes this year, seafood merchants have suffered heavy losses, and the seafood market has also been greatly affected.

       Once the chilled seafood products cannot be sold, they can only be converted to frozen, trading profits for time and waiting for the market to pick up. This is the choice of many seafood merchants at present, but the price of seafood will drop by at least 50% after being converted to frozen. Under this circumstance, how should seafood merchants stop losses in time, and how will the seafood market respond? Industry insiders said that although the epidemic has brought certain adjustments to the consumption of seafood products, with the improvement of residents' living standards, the national market demand for seafood products still exists. At this stage, actively exploring markets outside Beijing can also reduce current losses.

       Experts said that my country’s total seafood consumption in 2019 was about more than 30 million tons. The consumption of seafood products reflects the improvement of residents’ living standards. After the epidemic, the consumption and import of seafood products will gradually return to normal.

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