Salmon, as it is a fresh high value discretionary product, could be an interesting lead indicator?
“Right now there is no trade with China of salmon, although you can find the air freight for the salmon. It doesn’t help because you don’t have the clients. And the price is also very high because of the cost of air freights…There people do not go out and eat….95% of the salmon consumption in China is through restaurants and the likes. So 120,000 tonnes of that market is out.” Mowi Conference Call via thetranscript.
