Output cutback for farmed fish in 2021 in Taiwan

The top 3 exported farmed fish are Tilapia, Seabass, and Milkfish in Taiwan. The international fish market price and demand have taken a big hit due to COVID-19, which also affected Taiwan's supply chain. The fish farmers in Taiwan are being conservative and cutting back output for 2021 with uncertainties coming from the market. A fish processor in Taiwan estimated there will be a shortage in supply for Tilapia, Seabass, and Milkfish for both the domestic market in Taiwan and export market and the price will be on the rise. Taiwan's major export countries for Tilapia, Seabass, and Milkfish are the United States, Saudi Arabia, Australia, South Korea, and Japan.