High-end species falling out of favor in China

China’s seafood buyers are taking on larger volumes of seafood but paying lower prices. Imports meanwhile fell back in the first three months of the year as the country’s economy softened.

Prices for seafood are showing weak growth in the first quarter, according to the fisheries bureau at the Department of Agriculture in Beijing, which collects data from wholesale markets nationwide. Wholesale volumes rose 23.5 percent in the first three months but turnover grew only 7.3 percent year-on-ye…

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