Last year, during the run-up to Chinese New Year, Mr Heru Purnomo, founder of Indonesia's biggest live fish exporter, Pulau Mas, could count on a spike in demand to prop up prices, as Chinese families and businesses splashed out on live lobster, grouper and other reef fish as part of elaborate banquets to ring in the new year.
A red coral trout, or snapper, would set a host back US$65 (S$88) per kg. This year, it is more like US$55.
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