With China’s economy slowing, retailers are slowing their expansion plans. They’re resorting to new ways of retailing seafood to thriftier shoppers, whose buying confidence has been dented by news that China’s GDP grew at less than 8 percent in the first half of 2012, the lowest level of growth in over a decade. Local retailers are feeling the pain: Beijing-based supermarket chain Wumart saw net profit growth slip to 0.5 percent in the… Read More
Data released this week by China’s Department of Agriculture show that retail prices for aquatic products in China dropped 1.3 percent in July compared to June but rose 8.09 percent compared to July of last year.
In July, China’s official consumer price index (CPI), a measurement of inflation, rose 1.8 percent, the lowest increase since January 2010. However, the official CPI data seem to conflict with data presented by the China Cuisine… Read More
Despite China’s ambition to be a world leader in caviar production the best chance for caviar from China may be in obscuring its origin.
That seems to be the case at the giant Jingshen seafood market in Beijing where Chinese caviar is sold in Cyrillic-language packaging. A CNY 50 price tag on a 30g jar is offered.
“It may look Russian but it’s sourced in China, definitely,” said stall holder Feng Lun.
Chinese sturgeon growers, according… Read More
Strong demand for sea cucumber (also known as
With prices rising to RMB 200 per… Read More
Many of Vietnam’s pangasius farmers are stopping production due to price drops partly prompted by price controls set by government in a crackdown on inflation, according to Dr. Flavio Corsin, manager of IDH Vietnam, a body advising local producers on sustainable production.
Corsin notes pangasius prices — which according to producers have dropped by an average 20 percent so far this year — have fallen for a range of reasons, including some… Read More
A state-led push in China toward acceptance of the Good Food Safety Initiative (GFSI) standard could prove a boost for the GlobalGAP aquaculture accreditation system among Chinese seafood producers.
Speaking to SeafoodSource at a GFSI conference for Chinese retailers and food producers in Beijing, Nigel Garbutt, chairman of Global Partnership for Good Agricultural Practices (GlobalGAP) explained Chinese and GlobalGAP standards will be fully… Read More
Seafood choices are surprisingly diverse in the Chinese metropolis of Urumqi, which is 2,500 kilometers from the nearest sea, making it the world’s most inland city.
The fact that tilapia from the southeast coast can be competitive with lamb in China’s far western pastureland says much about the advances in China’s logistics network. A Carrefour outlet in Urumqi, China’s most westerly metropolis, sells tilapia chilled and frozen at RMB… Read More
Strong demand from China and weak regulation and enforcement in source countries are overwhelming conservation efforts at of rare reef fish like coral groupers, according to research by Australian academics investigating production and consumption trends in Southeast Asia and China.
Speaking during fieldwork in Beijing, Dr. Michael Fabinyi, of the Australian Research Council Centre of Excellence for Coral Reef Studies at James Cook… Read More
Seafood marketers should look at cooperating with tourism trade groups to benefit from a rising surge of outbound Chinese tourists. China, according to the World Tourism Organization, will by 2020 become the world’s No. 1 source of outbound tourists as well as the most visited destination.
In monitoring Chinese travel media over the past several months, SeafoodSource discovered a preoccupation with seafood in titles like Travel Plus and Travel… Read More
On a Saturday afternoon, throngs of shoppers pile into Shapingba, a commercial hub in Chongqing, the megalopolis in southwestern China. Like most Chinese cities, Chongqing has been rebuilt as a sprawl of high rises and, lately, trendy U.S.-style commercial hubs such as the huge Capital Mall building above the Shapingba subway station into which a crush of mostly young punters file into to spend their wages on fashion and food.
New, well-run malls… Read More