ChinaTips

08 Jul 2020

ChinaTip #0376

Crayfish prices have plummeted and many farmers give up to continue farming!

Crayfish prices have generally declined nationwide during this year. Data show that since May, the market price of crayfish nationwide has declined to vary degrees. After the price of shrimp plummeted, the enthusiasm for crayfish farming began to subside.

With a large number of farmers abandoning farming, it is expected that there will be insufficient supply in the market later this year and next year.

Fortunately, e-commerce and live streaming during the epidemic increased the consumption of small-sized crayfish. After consumers buy it at home, they can eat it after heating it, which is convenient and fast, and the price is much lower than buying from restaurants.

Categorías: Shellfish

Tags: supply, farmers, consumers, crayfish, market, china, prices

 

This post was written by: Lily - Senior Business Analyst

Lily - Senior Business Analyst

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