It appears that large shipments of fish from India and Pakistan have flattened prices for key fish species in China’s largest east coast markets.
One of China’s leading seafood wholesale markets, the Dongfang international Fisheries Market in Shanghai, is reporting that the average price for seafood in November was CNY 45.10 yuan / kg, flat month on month. A vendor at the market, Hu Qiangguo, explained that larger supply of croaker and… Read More
China’s biggest listed seafood firm is hailing bumper sales during the latest Singles Day, the annual November 11 buying frenzy created by Alibaba in the style of Black Friday in the USA. Zhangzidao is claiming almost CNY 10 million in sales of imported seafood during November 11 through its store on Tmall (also known in Chinese as Tian Mao), which is China’s leading Business-to-Consumer (B2C) website and owned by Alibaba.
That figure in… Read More
China’s leading tilapia player Baiyang Aquatic Group has moved to change its name to reflect a shift from seafood to healthcare products.
An investors’ meeting called by the listed aquaculture and feed group approved a name change from Baiyang Aquatic Group to the Baiyang Industrial Investment Group Co – a move which reflects the company’s move into other industries such as healthcare products.
An official note from the company to the… Read More
China appears to have made a move towards expanding its mariculture industry with the recent establishment of the "Mariculture Industry Standards Alliance," a collection of over 60 firms and institutions involved in the sector.
With the stated goal of coming up with a new code of standards for the industry the new body has been set up with the prompting of the Chinese Academy of Fishery Sciences Yellow Sea Fisheries Research Institute, an… Read More
A slump in farm-gate prices reported in China’s key tilapia producing regions this year appears to have caused a shortage of quality fish for filet processors and exporters. Major tilapia processing companies claim they’re not able to get sufficient quantities of suitable fish largely because farmers are no longer feeding their fish due to pessimism over low prices. Several key processors in southern China questioned for this article said… Read More
China’s top region for shrimp cultivation, the region of Zhanjiang in Guangdong province, has announced that the quantity and value of shrimp broodstock imported in the first 10 months of this year rose by 13.8 percent to 273,000 pieces, rising in value by 21.7 percent to USD 13.3 million (EUR 12.4 million).
The increase in broodstock imports is part of an effort to improve the quality and sustainability of Chinese shrimp production,… Read More
Chinese authorities are hailing a major breakthrough which could effectively double the number of seafood companies certified to export to neighboring Russia. The Certification and Accreditation Administration of China (CNCA) says it’s secured a green light for 172 Chinese seafood processing companies to export seafood to Russia by the end of the year. Russia continues a ban on imports of seafood from most western nations but is a major… Read More
Already pressured by low export demand, China’s seafood exporters will suffer under the Trans Pacific Partnership (TPP) and will have to adapt by selling more to the domestic market while also improving product quality.
That’s the view of one of the country’s leading trade experts, Fan Libo, a professor at the University of International Business and Economics in Beijing. He believes China’s key agricultural export categories –… Read More
Leading Chinese shrimp exporter Zhanjiang Guolian Aquatic has stated its third-quarter profits tumbled 90 percent to CNY 300,000 (USD 47,200, EUR 43,775), a performance that underlines the current financial difficulties of China’s leading seafood firms.
Meanwhile the country’s leading tilapia player Baiyang Aquatic Group, has reported profits for the third quarter fell 20 percent to CNY 29 million (USD 4.6 million, EUR 4.2 million). Baiyang… Read More
Over the past week China has been unveiling the broader outlines of its latest policy blueprint, the 13th Five Year Plan, which sets all kinds of priorities and targets for the country, including for its fisheries and seafood production. The drafting of said plan has been highlighted in all official fisheries news and statements over the past year.
But it’s worth looking back at the blueprint, which runs out at the end of this year: the 12th… Read More