A leading Chinese brokerage firm is betting on 20- to 30-percent compound sales growth for aquafeed leader Guangdong Haid. 

China’s coastal fishing ban has driven an expansion in aquaculture and mariculture, resulting in growth in fish feed demand, and the industry has begun to embrace higher-quality products and more formulated feeds, according to a report on the sector by Zhongtai Securities. 

A research report published by Zhongtai analysts Chen Ji and Diao Kai Feng, written after their April tour of aquaculture and feed facilities in southern China, also credits increased enforcement of environmental regulations for higher feed sales to fish and shrimp farmers. 

“It’s clear that supply is more constrained than in 2017, but demand for seafood continues to grow,” according to the researchers. 

Source: Seafood Source // Original Article