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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
