Argentinian fishing company is counting on big sales this year
Newsan Group, one of the biggest fishing company in Latin America, is expecting a higher revenue this year as the fleet has become larger thanks to a new vessel arrived from Spain's shipyards.
"In 2017, Newsan turnover totalled $210 million from fishery business, plus $25m from sales of other food. "This year we will reach $250m. We have greatly increased our volume of shrimp. We finished last year with 10,000 metric tons of final product. This year, we expect to produce 13,000t-15,000t of shrimp, processed on land, and only in the first four months we did 6,000t, 40% up year-on-year", declared Diego Glikman, Newsan seafood export manager, for Undercurrent News magazine.
The shrimp season in Argentina is starting on 19th of May with a five days period to evaluate shrimp fishing prospects in national waters. Newsan is also negotiating the acquisition of Valastro, another fishing company from the area. Hopefully, a larger production will increase the revenues of the company as the Argentinian red shrimp enjoys a growing demand in both domestic and international markets. "Stable prices help to maintain demand, and we expect stable prices also for the season in national waters", confirmed Glikman.
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