Major retailers are securing orders for shrimp but Chinese buyers aren't joining them, according to Undercurrent News' sources in the country.

The bottom of the global shrimp market is “very close” as major purchases for the year-end get underway and more are expected to start in the weeks ahead, Jim Gulkin, CEO of Siam Canadian Group, told Undercurrent News.

Count Western Edge Seafood's long-time procurement manager Don Kelley among many in the seafood industry who will be watching with interest when the Donald Trump administration identifies the Chinese products for which the US will charge a combined $60 billion in new tariffs on April 5.

BOSTON, Massachusetts, US -- Tilapia raw material prices are currently higher by around 10% compared with the end of last year, with a weaker dollar versus the Chinese renminbi also adding to export price increases.