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China’s Agri-Joyvio predicts $121m loss after salmon price plummet

The owner of Chilean salmon farmer Australis cited a sharp, sustained drop in salmon prices due to the pandemic as the main driver behind the loss

By Cyrus Chan | Feb. 1, 2021 16:44 GMT
Joyvio KB Food Starfish Legend
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Legend Holdings subsidiary Agri-Joyvio said it expects full-year losses of CNY 720 million to CNY 780m ($111m-121m) for 2020, due to a significant decrease in seafood demand and salmon prices during the pandemic [...]

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