Baiyang Aquatic Group, China’s leading processor and exporter of tilapia has reported operating income of RMB 65.7 million (USD 10.7 million, EUR 8.1 million) in the first half of the year, an increase of 31.69 percent, while net profit attributable to shareholders totaled RMB 19.34 million (USD 3.1 million, EUR 2.2 million), an increase of 26.17 percent on the same period last year.
The growth rates look like an improvement on full-year… Read More
Export growth appears to have slowed in one of China’s leading regions for seafood production and trade. According to the Ocean & Fisheries Bureau in southeasterly Fujian province the province’s overall trade in aquatic products from January to July this year reached 629,700 metric tons (MT), with total trade worth USD 3.4 billion (EUR 2.6 billion), down 2 percent and 22 percent respectively over the previous six months. While the export… Read More
China’s seafood output in the first half of the year edged upwards but the runaway contributor to production growth is the country’s increasing pelagic catch. From January to June the national aquatic output of 26.16 million metric tons (MT) was up 3.4 percent on the same period in 2013 according to data collected by the ministry of agriculture from the country’s 20 main fishery producing provinces.
While the ministry doesn’t provide… Read More
Demand for imported cod is picking up fast among Chinese consumers thanks to online sales targeted at young urbanites and parents who are being encouraged to use cod as a healthful food for infants. A phone survey of a dozen cod importers and traders in Beijing, Shanghai, Guangzhou and Dalian suggests that sales of cod steaks and filets are up 20 percent in volume terms year-on-year in the first six months of the year.
Traders say demand for cod… Read More
Suppliers in China are predicting an easing in shrimp prices of 10 to 15 percent this year thanks to higher survival rates in Chinese shrimp farms.
“The survival rate is now closer to 70 percent compared to 50 to 60 percent in 2013,” explains Guangdong-based shrimp exporter Landy Chow, head of China sourcing at Siam Canadian. He’s predicting a 10 percent increase in the volume of this year’s Chinese shrimp harvest and as a result his… Read More
Local media in Qingdao made much this week of a local fleet landing a “bargain” haul of Argentine squid in the port of this huge seafood import and processing hub. Securing far-away resources, fished by new high-tech Chinese vessels is central to keeping local processing factories busy while also keeping prices of staple seafood within the reach of China’s masses — that appears to be the view of officials in Qingdao.
Frozen squid from… Read More
Growth in prices for seafood in China is outpacing growth in supply, suggests data for the first half of the year. Data for 47 seafood products released by the fisheries department at the China agricultural ministry shows total sales volume of 3.59 million MT, up 2.92 percent year on year while sales revenue of RMB 78.7 billion (USD 12.7 billion, EUR 9.5 billion) represents an increase of 9.29 percent.
Chinese buyers continue to pay a… Read More
China’s aquaculture sector appears to be bullish about production this year, judging by fish feed consumption in the first six months. Two of China’s key aquatic feed producers look set to announce positive half-year results, helped by strong demand from a recovering shrimp aquaculture sector as well as strong prices for fish.
Tongwei will announce an expansion in sales in the region of 20-25 percent, with earnings growth of 70 percent… Read More
Exports from China’s key processing belt appear to have recovered somewhat after a slow start to the year. Liaoning's entire foreign trade totaled 849,000 metric tons (MT) in the first six months of the year, worth USD 2.02 billion (EUR 1.5 million), a 0.9 percent year on year decrease and an increase of 7.2 percent, respectively. Exports of aquatic products totaled 36.4 million MT, worth USD 1.31 billion (EUR 975 million), up 2.6 percent and… Read More
China’s key seafood export commodities have eased but are solid in historical terms, suggesting higher prices for exporters this fall.
Tilapia prices beat last year’s averages in the early months of the year and hit RMB 6/500g (USD 0.97, EUR 0.72) in May, a significant increase on the RMB 4.8/500g (USD 0.77, EUR 0.57) average recorded at the same time last year. But by June prices had slid back to RMB 4.8/500g, where they were at the… Read More