Recently seen as going out of fashion, the processing industry is making a comeback in China. A decline in demand for luxury seafood in the country — caused by a clamp down on official waste and corruption — has dampened the outlook for one of China’s leading aquaculture and processor players.
Shandong Homey Aquatic Development Co., in its first quarter 2013 results, reported revenues of CNY 190 million (USD 30.9 million, EUR 24 million),… Read More
Chinese agricultural authorities are racing to skill up officials and insurance firms to extend subsidized insurance coverage to the country’s highly fragmented aquaculture sector. With a landmark Agricultural Insurance Act in force since March, Beijing is keen to increase take-up of subsidized insurance policies, a move that could lift output.
As part of the awareness campaign targeted by government at producers, the Nongmin Ribao (Farmer’s… Read More
A key Chinese shrimp exporter is blaming competition from Ecuador and Thailand for a woeful 2012 financial performance that will disappoint investors funding capacity expansion in the country’s seafood sector., Zhanjiang Guolian Aquatic Product Co., based in the Guangdong port city of Zhanjiang, in its annual report told investors its net loss of RMB 226 million (USD 36.8 million, EUR 28.3 million), a year-on-year drop of 2,024 percent, was… Read More
A combination of demand for rare aquatic species as well as government subsidies and propaganda is driving cultivation and consumption of Chinese giant salamanders in aquaculture bases across the country. The wild giant salamander has become a protected species in China after over-consumption for fine dining but cultivators have been stepping in to meet demand.
China National Radio recently featured the efforts of officials in Jishou city (in… Read More
Rising prices for fish and shrimp in the domestic market as well as partial recovery in export markets have given China’s seafood firms much optimism about 2013 earnings. Huge investments in cultivation of luxury species like sea cucumber are however dragging on earnings, with sales of sea cucumber slipping due to an ongoing frugality campaign by China’s government. Prices of fish have increased this spring as consumers — worried about… Read More
Tilapia prices have edged upward year-on-year in key cultivation zones in China, the apparent result of lower cultivation by fish farmers who were burnt by lower prices in recent years. Large numbers of tilapia cultivators exited the sector in the wake of weaker demand and prices in export markets in 2009 and 2010.
According to tilapia farmers who spoke to Seafoodsource, prices paid to tilapia farmers in Guangdong province (a key cultivation… Read More
China is aiming to boost local catfish production to take advantage of falling U.S. output, while also tapping the domestic Chinese market, according to a state-run research organization in one of China’s key catfish cultivation regions. The Hubei Province Aquatic Products Scientific Research Institute, in a recent research report, notes that a fall in American channel catfish production means a decline in shipments of American channel… Read More
Weaker demand from Japan — in part due to a weaker yen — is damaging China’s exports of eels to its neighbor. In the first two months in 2013, China exported 585 tons of fresh eel, down 42.6 percent compared to 2012. The average export price, at USD 36.68 (EUR 28) per kilogram, declined 14.6 percent year-over-year.
According to statistics from China’s Customs authorities, in February 2013 China exported 258 tons of fresh eel, down 21.1… Read More
China’s major fish feed firms are bullish about 2013 thanks to a reported jump in fish prices as consumers switch to seafood due to the ongoing bird flu crisis.
Scares over the H7N9 virus have seen consumers replace chicken and pork with aquatic products, driving the price of fish up by 30 percent to 50 percent in prosperous Jiangsu and Zhejiang provinces on the east coast and by 20 percent in the south of the country, according to… Read More
Myanmar is the last frontier for wild seafood, said an early veteran of the country’s seafood industry. The Southeast Asian nation could become a hot bed for natural shrimp on international markets, according to New York-based aquaculture consultant Jayendran Muthushankar.
He spent eight years in the Southeast Asian nation, first moving there in 1996. At the time, Muthushankar supervised shrimp production for mostly Japanese clients. He… Read More