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
A Chinese firm claims to have the world’s largest Atlantic salmon farm and pledges to replace Chinese imports of salmon with local produce.
Tang Jiyu, vice-GM of Shandong Oriental Ocean Co., Ltd. said his company — one of China’s largest listed seafood cultivators and processors — has “overcome the bottleneck of culturing problems of salmon” and will satisfy demand in local supermarkets and restaurants for salmon, hitherto imported… Read More
Los analistas comerciales en Beijing predicen un aumento repentino en las inversiones privadas chinas en América Latina en base a la enorme penetración de sus empresas energéticas estatales y financieras en la región, así como a los fuertes lazos políticos. Enormes préstamos a Ecuador, Perú, Argentina y Brasil -siendo difícil para algunos de ellos aprovechar los mercados financieros internacionales debido a la previa crisis financiera-… Read More
Trade analysts in Beijing are predicting a surge in private Chinese investment in Latin America on the back of a huge surge by Chinese state-run energy firms and financiers in the region, as well as stronger political ties. Giant loans to Ecuador, Peru, Argentina and Brazil — some of which find it hard to tap international financial markets due to earlier financial crises — are helping ensure Chinese access to local markets, while Chinese… Read More
Importing seafood into China is set to get easier with the construction of several large logistics projects focused on the sector, offering improved port handling and cold chain logistics facilities for seafood distributors.
Construction recently commenced on the latest such venture, the Qingdao Aquatic Trade and Logistic Center Project. Set to cost CNY 10.17 billion (USD 1.66 billion, EUR 1.25 billion), the 400 hectare site aims to be the most… Read More
China’s feed industry must face a period of massive consolidation, according to the senior spokesman of the country’s key seafood lobby group.
The top ten domestic fishmeal producers are producing only 18 percent of the country’s domestic fishmeal output. “Chinese fish meal companies on average have annual production capacity of only 2,000 metric tons (MT) and this in not sustainable in the long run…the barriers to entry have been too… Read More