Brussels 2017 blog : Shrimp shifting gears : April 27,2017
The European market for shrimp is “challenging” due to currency and economic uncertainty, Jim Gulkin, managing director at Siam Canadian, told IntraFish.
“It’s not a bad market but it’s rather flat,” he said.
The company, which reported a turnover of about $320 million last year, is nevertheless expanding its business, he said.
A “relatively strong” market in the United States, Canada and the United Kingdom is driving sales. In addition, Gulkin is seeing increasing demand in Asia, expecially in China.
He expects overall sales volumes to grow this year.
“The first quarter was good but it doesn’t tell the story — the fourth quarter will tell it,” he said. “But the bottom line will be good.”
Watch the video below to hear Gulkin’s view on the 2017 shrimp, pangasius and tilapia supply and pricing.