Part 3/8:
China's dominance extends beyond just volume; it affects global market dynamics in high-end seafood products. In particular, China has become the leading producer of caviar, with a notable surplus that is impacting traditional producers in Europe, such as Italy and France. While Italy produces around 65 tons of caviar annually, a single Chinese entity, Kuga Queen, has the capacity to produce 200 tons. This discrepancy has led to significant price reductions in the caviar market globally, as the perishable nature of seafood necessitates quick sales to mitigate losses.