Stricter inspection standards in key export markets as well as stronger competition from Vietnam are seriously hurting Chinese seafood exports, which fell in the first quarter of 2014, claims a key government quality and quarantine watchdog.
Shrinking export markets, “technical trade measures” and other issues facing China’s seafood exporters “cannot be ignored,” according to a recent article in the China Gateway (Zhongguo Guomen)… Read More
Executives from a Shanghai-based fishing company are celebrating this month as they integrate a new acquisition in Argentina. State owned Shanghai Jinyou Deep Sea Fisheries Co. has completed the purchase of Altamare SA, a shrimp and fish catcher/processor in Puerto Madryn, a city of about 70,000 people in the province of Chubut in the Patagonia region.
Part of the state-run Shanghai Fisheries General Corp. Group (SFGCG) conglomerate, Jinyou… Read More
A free trade agreement with Iceland will kick in this month, making Icelandic seafood cheaper in China. The free trade agreement (FTA) will likely see more European seafood being directed through Iceland to avail of the cheaper trade with China where consumption of all categories of North Atlantic seafood is rising. Cod is one of the species set to grow in terms of local consumption in China.
There are plenty of countries seeking to follow… Read More
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