It’s clear that China’s officials are looking for new sources of growth for local seafood processors. Authorities in the port city of Yantai, a processing hub in Shandong province, this month celebrated opening the Honduras market this month, shipping 19 metric tons (MT) worth USD 50,000 (EUR 36,690) in the first such shipment to the Latin American country. The shipment of frozen processed squid and cuttlefish was highlighted as a… Read More
China’s leading tilapia processor is in bullish mood as it builds major new processing capacity and a new fish feed plant — part of a company plan to reduce costs through benefits of scale.
As part of its goal to become the world’s dominant tilapia integrated player Baiyang is lining up a wholly owned subsidiary, Bai Jia Co., and going ahead with a plant with 15,400 metric tons (MT) annually of tilapia processing capacity.
Located in the… Read More
Prices are shooting up in local wholesale markets as fishing moratoriums kick in across China’s fishing ports. Most affected are staples like yellow croaker, flounder and pomfret — with prices for croaker rising 50 percent in some ports.
The price of yellow croaker went from CNY 12 (USD 1.92, EUR 1.41) per 500 grams to CNY 20 (USD 3.20, EUR 2.35) per 500g at the Sifang Wholesale Market in Qingdao, according to the city’s Qingdao Evening… Read More
New openings of high-end hotels and restaurants continue to drive consumption of seafood in China, with western style seafood buffets targeting middle class consumers growing in popularity.
Certainly, China’s appetite for seafood looks as healthy as ever if you’re at the Ritz Carlton hotel in Beijing’s financial district on a Friday evening.
New Zealand green oysters, Boston lobster and Canadian crabs were all prominently displayed at… Read More
Fish maw, scallops and halibut were on the menu in Shanghai this week for Russian president Vladimir Putin and other VIPs in town for a security summit. Seafood remains the default choice of fine diners in China’s commercial capital, and demand for imported seafood continues to drive prices for some key species, according to a newly published survey of wholesale seafood trade in the first quarter of 2014.
A survey of 16 species published by… Read More
One of the world’s key seafood processing and marketing firms is getting ready to launch products for Chinese consumers. Icelandic Group is gearing up to court China's increasingly affluent consumers with new offerings in the pipeline for the restaurant and retail market. The firm, which has for some time used China as a base for value-added processing of seafood, is now eyeing the local market and will gear some of its ready meals… Read More
China’s seafood processors are nailing down markets in an ever-prosperous Southeast Asia, new figures show. Data from the processing hub of Ningbo for the first four months of this year shows strong growth in shipments to the Association of Southeast Asian Nations (ASEAN) bloc.
Shipments of 7,103 metric tons (MT) in the first four months of this year valued at USD 40.3 million (EUR 29.4 million) represents an increase in volume of 42.5… Read More
China appears to be doubling its efforts to secure sub-Saharan African fishing resources with a new cooperation zone that should see African fish shipped into a giant new processing base in the southern Chinese province of Fujian.
Ground was broken this month on the China Africa Fisheries Cooperation Project in Langqi special economic zone, in a suburb of the provincial capital, Fuzhou. Local fisheries executives and officials joined with… Read More
China’s leading tilapia processor has reported CNY 134.9 million (USD 21.5 million, EUR 15.5 million) in revenues, up 15.2 percent year-on-year. Investors will be worried that profit at the listed arm of Baiyang Aquatic however slipped 32.8 percent to CNY 56.8 million (USD 9.1 million, EUR 6.6 million). China’s leading tilapia processor in volume terms, Baiyang Aquatic in 2012 saw its revenues jump 15.5 percent to CNY 1.2 billion (USD 192… Read More
One of China’s largest and most ambitious seafood brands has announced a tepid full-year performance for 2013.
Zhangzidao Group Co. saw profits slip 8 percent year-on-year in 2013, to CNY 96.9 million (USD 15.5 million, EUR 11.2 million). Revenues were largely flat at CNY 2.6 billion (USD 415.3 million, EUR 299.7 million) (an increase of 0.48 percent year-on-year). This compares to CNY 2.9 billion (USD 463.3 million, EUR 334.3 million) earned… Read More