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Sea Cucumber Prices Hit Bottom and Rebound Sharply, Aquaculture Enters a Boom Cycle
Last week, the average price of sea cucumber at the Weihai aquatic products market in Shandong was 120 yuan per kg, up 9% week-on-week and up 20% since May. Industry insiders analyze that due to restricted high-end consumption over the past 3 years and high inventories, sea cucumber prices fell sharply and have recently dropped back to a 5-year low.