Analyst Pin-board Seafood industry – Impressive growth in early 2022
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· Impressive growth of seafood export in the first two months of 2022, driven by tight supply and high demand. · High seafood export prices are expected to be seen throughout 2022 due to: (1) good demand; (2) inflation in food prices; (3) high material prices. Exporters who can self-supply their raw materials will be the winners due to widening gross margins. · Russia’s Ukraine invasion could benefit Vietnam’s pangasius companies exporting to China. |
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