Foreign aquaculture insurers are keen to sell to producers in China, where coverage remains limited. But a lot of challenges persist, explained Rui Gomes Ferreira, head of Longline Environment Ltd., a UK-based firm offering risk assessment and insurance surveys in China and Southeast Asia.
Aquaculture insurance covers the death of stocks due to a set of listed perils. A non-comprehensive list includes losses attributed to storm or typhoon damage,… Read More
While there are signs that China’s economic growth is moderating, rising labor costs remain a challenge amongst the country’s seafood industry. Local seafood processing facilities are sacrificing profits to secure labor, said Landy Chow, head of Siam Canadian’s operations here.
“At this moment in China factories are running at a margin of 1 to 3 percent, which is very low,” he said. “Some factories did hire less in order to… Read More
China’s middle classes are increasingly being catered to by retail chains opening stores tailored in layout and prices to the country’s wealthy.
Based in a marble-lined Beijing residential compound below a Starbucks and a fitness club, City Shop emphasizes its imported food lines. A City Shop outlet in Beijing’s business district charges RMB 266 for a kilogram of Norwegian salmon, over 50 percent more expensive than the price at nearby… Read More
China’s freshwater fish farmers may be relieved this week to find that water quality is a top priority for 2012 in the premier Wen Jiabao’s state-of-the-union style work report to the annual National People’s Congress. Government has marked RMB 1.8 trillion for “water conservation” — largely plugging leaks and building wastewater treatment plants — through 2015, reiterated Wen, who also promised to raise urban and industrial water… Read More
E-commerce, wildly popular in traffic-paralyzed cities, is fast becoming a cost-effective option for seafood traders. Extensive seafood offerings have popped up on the country’s leading shopping portal, Taobao.com, and online grocery store Yihaodian.com. Traders on both websites point to the lower costs of doing business as well as the increasing acceptance of online shopping in China.
Seafood marketing professionals see online sales as a… Read More
Lower transportation and labor costs are allowing AgriMarine Holdings’ salmon farmed in China to compete against imports, even though salmon prices are dropping.
Three years into operation, AgriMarine’s output of Pacific steelhead salmon has all been sold, according to the company, which will bring its first China-farmed chinook salmon to market by mid-2012. Taste and appearance are similar to salmon produced by AgriMarine in Canada, said… Read More
“I want to bring oyster culture to China,” said Chris Herbert, a Canadian seafood importer and co-owner of the Starfish seafood restaurant and oyster bar in Beijing.
Starfish seems well located, opposite the embassy of Canada, a favorite emigration destination among China’s wealthy. Business is brisk for the co-owners, Herbert and his Taiwanese-American partner Alisha Bailey. The duo has oysters flown in from Seattle once a week. Most of… Read More
China’s inland fisheries face a grim future due to chronic droughts gripping the country’s major central provinces. As China chases economic growth through investment in infrastructure and manufacturing, the twin pressures of urbanization and industrialization are siphoning the country’s water resources and putting inland fishermen out of work.
Boats have been tied this month on Poyang Lake, the country’s largest freshwater lake, and… Read More
Media exposure is vital to sales for foreign importers and seafood promotion bodies.
“Comparatively limited resources” for mainstream advertising means seafood promoters must create editorial by engaging influential TV chefs, food writers and bloggers, said Fan Xubing, managing director of Beijing Seabridge Marketing and Consulting Co., Ltd. He has negotiated valuable media coverage for a growing number of seafood trade bodies on Chinese TV… Read More
The rapid rollout of fast-food chains across China is driving a switch to frozen, convenience-style seafood judging by visits to KFC outlets in Beijing.
The U.S.-based chain is currently running a promotion on shrimp burgers and breaded shrimp balls in its north China stores. A KFC outlet in the city’s southern railway station, however, was sold out of the RMB 15 breaded burgers, which are advertised prominently in boarding and LED screens in… Read More