Malaysian shrimp prices firmed up by coronavirus fallout

Published on
February 20, 2020
A dip in Chinese shrimp exports is helping to prop up pricing in Malaysia, according to a producer there. Prices for tiger prawns are down 16 percent from two years ago, but are still enough to make a profit, according to Benjamin Saw, CEO of shrimp producer Arus Nagamas Private Ltd., which is based in the Kota Kuala Mudah region. “[Prices] are still relatively good, as our margins are still around 50 percent,” Saw said. Fears over importing Chinese shrimp is working in favor of smaller…

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