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
A rash of reports on impounded imports suggests China is tightening its inspection regime for imported seafood.
New rules in force since 1 May mean all imported seafood and meat without certificates (there are 39 countries and areas are approved to export to China, all of them listed on Chinese government websites) will be strictly barred from Chinese seaports.
In a statement warning consumers to “be vigilant of labels on foreign imported… Read More
Abalone farmers in southeasterly Fujian are seeking government support after a tumble in prices this summer. Ironically, government may also be the source of falling prices. Abalone farmers in Dongshan, a small city between Xiamen and Shantou, say that abalone prices have fallen from an average RMB 100 (USD 16.28, EUR 12.53) per kilo to RMB 50 (USD 8.14, EUR 6.26) per kilo because of weak demand from the government banqueting sector.
Abalone… Read More
A free trade pact with China is making Taiwan an important channel for exporters into southern Chinese ports. Shipments of seafood from Taiwan in the first five months of 2013 were up 580 percent year-over-year to USD 4.4 million (EUR million), according to the municipal commerce department of Xiamen, a city in Fujjian province located just across the strait from Taiwan.
Under the Economic Cooperation Framework Agreement (ECFA) China in late 2011… Read More
Leading Chinese scallop and sea cucumber player Dalian Zhangzidao Fishery Group is escaping the worst of the Chinese government’s frugality drive according to company sources — good news for nervous investors as the firm ploughs USD 100 million (EUR 77.8 million) into a massive multi-species cultivation and processing project in Korea.
Addressing a conference of investors, no doubt concerned that company stock price has dropped from RMB 18… Read More
One of China’s leading seafood processing hubs is aiming to rank among the world’s leading processors of tuna, with the help of government subsidies and government-assisted tuna supply deals with Papa New Guinea and Indonesia. Officials in Zhoushan, a coastal city south of Shanghai, say they want to shift from squid to tuna processing. They’re hoping to increase tuna processing capacity and exports by helping processors build new canning… Read More
Seafood prices will rise by up to 70 percent between now and 2050 due to shortage of supply and wage growth, according to a leading Australian agrononomist.
The price of fishmeal and oil will be up 61 percent in real terms over 2007 figures according to Jammie Penm, an economist at the Australian Bureau of Agricultural and Resource Economics (ABARE), a division of the country’s agricultural ministry.
Fish prices will increase by 48 percent, far… Read More
Bullish expansion in China’s third-largest seafood producing region means more overseas fishing and an expansion of local brands for the domestic market. That’s the vision of the government in Fujian province, which recently brought together the region’s universities, maritime authorities and seafood industry representatives in a bid to establish “10 seafood superbrands from Fujian.”
Pledging grants and the support of the local (largely… Read More
Rising consumer spending at home has led to a partnership between one of the country’s leading fisheries firms and a WalMart-owned online retailer.
Yihaodian.com (its name translates as “number one shop”) — China’s leading online grocer — and the Shanghai Fishery General Corp Group (SFGCG) held a ceremony recently to celebrate its deal to sell seafood in China’s largest cities.
Tang Qijing, chairman of SFGCG, explained that fish… Read More
Standing on the marble floor of the Haitong Securities offices in Renmin Lu, in the seafood processing hub of Dalian, it’s obvious that seafood companies are going through a good period. Stock prices continued to tick upward on Friday 14 June for cultivator-processing giant Zhangzi Dao Group Co Ltd, Zhanjiang Guolian and the Shandong-based Homey group as investors continue to see the positive in rising fish prices and peak summer consumption… Read More