Officials in a top seafood-producing region are attempting to reboot the sector by unblocking a shortage of credit that has long been blamed for restraining the largely privately run seafood sector.
Home to the processing hubs of Qingdao and Yantai, the province of Shandong has announced that a state-owned bank is pioneering a new finance model for the seafood sector to tackle a credit shortage which provincial government blames for “blocking… Read More
Anyone taking a cab to the airport in Dalian, Qingdao or Yantai will encounter waves of beach-side apartments as real estate and tourism have combined to annex much of the country’s coastline. The situation is far more intense in tropical Hainan, the country’s leading tilapia producing region (and ‘China’s Hawaii,’ as the local slogan goes) and the Bohai region encompassing Shandong, a key fisheries region. More than 80 percent of the… Read More
China’s seafood exports appear to have softened in the first two months of the year, mirroring a weakening of the country’s overall exports sector. China shipped 550,000 metric tons (MT) of aquatic products worth USD 2.98 billion (EUR 2.2 billion), in January and February combined, down 7.9 percent and 9.1 percent respectively.
That’s according to data from the country’s customs authorities, which also reported that China’s overall… Read More
The year of the horse is shaping up to be a year of reforms that could have a big impact on China’s aquaculture output. Real changes in currency, financing and access to land are appearing as China puts detail and shape to a package of economic reforms sketched out at last November’s crunch plenum of the Communist Party leadership. That much-hyped meeting in Beijing produced a commitment to let the market (rather than state bureaucrats) have… Read More
China’s leading tilapia producing region will meet with global retailers in Boston next week hoping to secure higher prices or long-term supply contracts to reward more environmentally-responsible tilapia cultivation.
The Hainan Tilapia Sustainability Alliance will meet with major discount retailers in Germany as well as a leading U.S. retailer with global reach, according to Han Han, the Hainan-based country manager for the Sustainable… Read More
Norway’s sales of salmon in China fell 32 percent in volume to 8,597 metric tons (MT) (fresh and frozen) while value stayed flat thanks to a strong increase in Chinese prices in 2013.
Norway’s overall seafood exports to China rose 5 percent in volume to 164,000 MT, rising 15 percent in value, according to Sigmund Bjorgo, China head of the Norwegian Seafood Council (NSC). Salmon prices in China have grown more strongly that elsewhere, said… Read More
Significantly, the firm… Read More
The growing dynamics of rising domestic consumption across Asia and a shortage of land in China will see a growing role for third parties like Ecuador and India in supplying world shrimp demand.
“Growth in Chinese domestic consumption of shrimp is out-pacing all other markets,” according to seafood veteran Didier Boon, head of Beijing-based East China Seas. Likewise, he said, the shift of large Thai shrimp producers away from farming into… Read More
China’s seafood exporters are hopeful that strong growth has returned to the Western export markets, after strong data was published for January by a bellwether seafood processing and production region. The southeasterly province of Shandong in January shipped 236,000 metric tons (MT) of seafood worth USD 760 million (EUR 555.7 million) — an increase of 6.2 percent and 12.3 percent respectively.
The strongest growth however was recorded for… Read More