The shares of shrimp companies sharply surged on November 19 after China notified Japan that it will ban all imports of Japanese seafood.
This comes as relations between Beijing and Tokyo deteriorated over Japanese Prime Minister Sanae Takaichi's comments on Taiwan. Indian shrimp-feed companies export products to China. Hence, the ban on Japanese seafood may have increased expectations of higher demand in China.
This comes as relations between Beijing and Tokyo deteriorated over Japanese Prime Minister Sanae Takaichi's comments on Taiwan. Indian shrimp-feed companies export products to China. Hence, the ban on Japanese seafood may have increased expectations of higher demand in China.
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