Nortrade will be opening a new cold store later this year at its new site 7 miles from Hawkhurst. This will be up and running by the end July. With this additional facility it will increase our total capacity between the 2 sites to 3,000 pallets.
Due to over supply in the market and increased production in Indian and Vietnam prices have fallen in the last months. We think that the price will now start to level out in the coming weeks as China and the USA are now starting buy. There maybe a shortage in the market place at the end of the year because farmers are not re seeding the ponds due to the low prices .
Current Prawn supply in Vietnam is good and prices have gone down since Christmas but there are signs the prices are picking up as USA supermarket are stating buy again as stocks in the USA start to reduce .
We can now announce that we will only work with suppliers who endorse responsible labour and human rights practices for all employees, endeavouring to ensure that their terms of employment fulfill all local legislative and social requirements and that working practices are safe.