Indian shrimp firms are getting prices 50 higher than last year for their products in China, according to a leading official at the country’s fisheries representative body.
“Demand from China has replaced a weaker EU market, it’s very good for our black tiger and vannemei producers,” said Dr. Shine Kumar, deputy director of MPEDA. “China used to be a fish market for us but now we’re getting a lot of demand from here for our shrimp,… Read More
Chinese dominance of Mexico’s fishing industry might explain a relative absence of Mexican firms in the China market.
Cash-rich Chinese buyers have been muscling in on Mexico’s seafood industry by offering cash up front to Mexican fishing fleets, often via soft grants of millions of dollars to the local fishermen’s union, according to Raul Cortez, export sales executive at the Cortez Group, speaking to SeafoodSource in China.
“This… Read More
Officials in one of China's key fisheries regions are reporting bullish seafood production figures for the first three quarters of 2013. The northeasterly province of Liaoning, which includes the key seafood cultivation and processing port hub of Dalian, is reporting that its fisheries sector racked up revenues of RMB 102.8 billion (USD 16.9 billion, EUR 12.3 billion) in the first three quarters of the year, a 12.4 percent year-on-year jump on… Read More
Increasingly tight competition among importers for market share is causing a drop in prices and margins, warns a leading seafood trader in China.
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Crab prices are “so sensitive and margins dangerously tight,” said Chris Hanselman, head of Hong Kong-based Pacific Rich Resources (PRR). “People are now shipping crabs in from all over Europe both live and frozen. But it has become very competitive, so it’s all about [large] volumes and small
Friend of the Sea (FOS) is riding a wave of new interest in environmentalism among Asian retailers, according to its founder and director.
“Things are changing as retailers in Hong Kong and Singapore are requesting their suppliers to be Friend of the Sea certified, while most of these suppliers are from abroad a number are Chinese,” said Paolo Bray, FOS director.
Bray expects “major growth” for FOS among retail and hotel chains in Hong… Read More
As China goes back to work this week following the week-long National Day holiday, the country’s travelers have been swapping stories of seafood consumption in far off destinations.
A dozen tourists surveyed by SeafoodSource spoke of consuming seafood which ranged from salmon in Sweden to herring in Germany and lobsters in Kenya. One tourist returning from Malaysia spoke of eating various types of grouper at prices lower than those charged in… Read More
Getting China’s fine diners to embrace caviar may be logical given the growth of the country’s economy and wealthy individuals. That’s the view of leading exporters of Iranian and U.S. caviar.
“I do not believe it would be a big challenge to introduce and sell caviar in China,” said SMH Bozorgnia, managing director of caviar exporter Caspian Trading Co. “This is especially true in today’s interconnected world. The product is… Read More
La demanda de Asia está forzando a los productores de ostras con base en Irlanda a ampliar su cultivo, pero la producción todavía permanece entrelazada con el sector ostrícola francés, según un importante productor irlandés que envía producción al Este. Con base en el condado de Donegal, situado en la costa noroeste de Irlanda, la compañía Majestic Oysters, también conocida como Speciales Donegal Bay, actualmente destina a Asia el… Read More
Demand from Asia is spurring an Irish-based oyster producer to expand oyster cultivation, but production remains intertwined with France’s oyster sector, according to a leading Irish producer shipping to the east. Based in County Donegal on Ireland’s northwest coast, Majestic Oysters Co. (also known as Speciales Donegal Bay) currently ships 80 percent of boxed product to Asia, according to production manager Des Moore who operates the firm… Read More
China’s festive crab market is in full swing this week. As China goes on holiday to celebrate National Day, the country’s seafood sellers have been promoting product in supermarkets and online. This year the traditional Mid-Autumn festival was celebrated just a week before the ongoing week-long National Day holiday, which marks the founding of the Chinese state.
Cashing in on the annual craze for freshwater crab from Yangcheng Lake in Jiangsu… Read More