Argentinean seafood producers are looking to China to pick up the slack of a weaker EU market. A giant Argentinean presence at the ongoing Asia Seafood Exposition in Hong Kong is a signal of the country’s intent to expand sales in China, according to Nadia Venticinque, an official at Proargex, an export promotions body attached to the country’s agricultural ministry.
A record eight Argentine firms — among them key players like Conarpesa… Read More
An expected recovery in European oyster output this year will put the continent in a commanding position to capture growing Asian demand, according to a leading French oyster expert and marketing executive.
France is expecting 80,000 metric tons (MT) of oysters in 2013, “well down on 150,000 MT we get in a good year,” explained Nicolas Brossard, government-appointed head of quality for oyster production in the French region of Poitou… Read More
Los fabricantes de productos del mar de Argentina ponen su mirada en China para compensar el debilitado mercado europeo. La presencia del gigante argentino en la Asia Seafood Exposition de Hong Kong es un indicativo de las intenciones del país de ampliar sus ventas en China, según Nadia Venticinque, funcionaria de Proargex, un órgano de promoción de las exportaciones dependiente del ministerio de Agricultura.
Un total de ocho firmas… Read More
One of China’s leading tuna fishing firms, Shanghai Kaichuang Marine International today disclosed net profits of CNY 65.4 million (USD 10.7 million, EUR 8 million) for the first half of 2013, a year-on-year drop of 34 percent. Revenues at CNY 422.2 million (USD 69 million, EUR 51.5 million) were up 5.6 percent year-on-year. The deepwater specialist firm blamed higher operating costs for its lower profitability.
Kaichuang’s operating costs… Read More
Drought has reduced the supply of product in some of China’s key freshwater regions, forcing up prices and leading local fish markets to consider whitefish alternatives.
“A shortage of local supply due to overfishing and hot weather this summer are increasingly leading China to look to imports,” said Fan Xubing, head of Beijing-based seafood consultancy Seabridge.
A month of drought in the central province of Hunan has cut water supplies,… Read More
China’s shrimp processors and exporters are struggling to get supply to fulfill export contracts due to a supply crunch and competition from better-paying domestic demand as restaurants here seek to secure local supply amid rising prices.
More than 70 percent of Chinese shrimp output goes to domestic demand but that figure is set to rise as domestic buyers are willing to pay “as much as 10 percent more” than the export-processing sector,… Read More
One of China’s most venerable dim sum restaurant chains is tapping into twin growing demands for convenience food as well as growing acceptance of frozen seafood in mainland China by launching its own line of packaged seafood distributed through mainland supermarket chains.
Attractively packaged frozen packs of Bi Feng Tang’s dim sum special, steamed shrimp meat and corn (known as shaomai in Chinese) sells in the frozen sections of… Read More
China’s tilapia producers are upbeat this year thanks to better, more stable farm-gate prices alongside stronger domestic demand, according to a fisheries advisor in the country’s top tilapia producing region, Hainan.
Farm-gate prices for tilapia since late March have ranged from RMB 4.7 (USD 0.76, EUR 0.57) to RMB 5 (USD 0.81, EUR 0.61) per 500 grams (for fish heavier than 500 grams) — nearly RMB 1 (USD 0.16, EUR 0.12) higher than the… Read More
China is opening its doors to seafood imports from Mauritius, welcoming the country’s fisheries minister to Beijing to sign an agreement on export licensing for Mauritian product — a pact that could see Chinese fishing fleets displace European boats in the waters of the Indian Ocean nation.
Aiming to corner tuna resources globally, China welcomed Mauritius’ fisheries minister Louis Joseph Von Mally visit to Beijing last week to meet Wu… Read More
Huge demographic change in rural China is set to lead to higher costs of seafood shipped from China and will create a need for scale to replace the smaller players who currently produce the vast bulk of China’s aquaculture output. That’s according to a leading agronomist in Beijing, speaking to SeafoodSource. An aging and scarcer rural population, means China faces some key policy crossroads in the coming decade which will ultimately decide… Read More