Sea cucumber. (Photo: Paul Foretic)
BC company buys 700,000lb of sea cucumber for Chinese market
CANADA
Monday, January 26, 2015, 03:20 (GMT + 9)
British Columbia- based aquaculture company Gourmet Ocean Products Inc. announced that it has recently bought about 400,000 pounds of mature sea cucumber.
This purchase adds to the 300,000 pound purchase reported by the company on November 2014, bringing the total amount of sea cucumber bought since September to approximately 700,000 pounds.
The product was sourced from Washington State, British Columbia and Alaska and it has been processed (cooked and salted) in Vancouver and Alaska.
Approximately 480,000 pounds have already been shipped to China and the company plans to sell the product to distributors and retailers, throughout the 2015 winter season.
The current wholesale, market price for sea cucumber is estimated to be between CAD 12 and 15 (USD 9.7 - 12.1) per pound.
The purchase and sale of fully-grown shellfish represents an important part of the Gourmet Ocean Products' business strategy to generate multiple revenue streams as well as offset the seasonality of shellfish production.
Gourmet specializes in the production, distribution, marketing, and sale of high-quality specialty seafood products including sea cucumbers, scallops, goeducks and oysters with distribution to customers worldwide. The company's goal is to become a global leader in cold-water aquaculture.
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