BioMar increased sales 9 percentChristian Fernsby ▼ | August 14, 2020
Aquafeed manufacturer BioMar increased sales 9 percent and revenues 7 percent compared to the second quarter of 2019.
The company’s shrimp feed business was challenged by the drop in Ecuadorian shrimp exports to China following coronavirus.
Meanwhile the Mediterranean markets were challenged by the closure of the HORECA sector in most European markets and travel restrictions affecting the tourist season, in addition to the storm Gloria in Spain destroying significant farming capacity. ■