An inland province in remote westerly China is reaching out to young urbanites as it grows its cold-water trout output.
Qinghai’s cold-water trout – it is controversially marketed as “salmon” – has achieved greater market penetration in China in recent years. The region’s trout output in 2019 rose 3.37 percent in volume terms to 15,200 metric tons (MT) while rising 12.9 percent in value to CNY 836 million (USD… Read More
Chinese interest in Burundi’s rare earth minerals has drawn Beijing largesse to Burundi, including training in tilapia production for the African country’s fish farmers.
Burundi is one of the world’s top-10 producing countries for rare earth minerals, most of which are exported to China, which dominates global processing capacity. The minerals, which include lithium, scandium, graphite, and gallium are shipped from Africa to… Read More
Alaska’s pollock fishing industry is increasingly looking at opportunities in China’s domestic consumer market, particularly the restaurant trade.
The “functional aspects” of pollock make it desirable to producers of surimi products for China’s growing hot pot market …
Photo courtesy of Alamin… Read More
China’s government is supporting the development of new state-of-the-art aquaculture facilities with the intent of modernizing the sector.
Coming in the form of priority status that brings with it expedited permitting, incentive programs, and direct or indirect subsidies, China’s government – on the federal, provincial, and local levels – is pursuing a shift in strategy away from mass production of low-value species like… Read More
The Spanish government is denying claims by sources at the WTO negotiations on ending harmful fishing subsidies that Spain is pressuring the European Union to prolong its subsidies to its fleet ...
Photo by Juan Carlos… Read More
Yet more Chinese tuna vessels are to set sail under a CNY 100 million (USD 14 million, EUR 13 million) investment by a firm that controls southern China’s biggest port ...
Photo courtesy of Huang Hai (Yellow Sea) Shipbuilding Co.… Read More
Investors betting on China’s ability to supply its growing salmon needs with local production suffered a setback after a leading local producer of cold-water trout – controversially marketed as “salmon” – reported poor results… Read More
A comparative drop in input costs like fuel as well as a large increase in catch volume has powered earnings at Pingtan Marine, a leading Chinese distant-water fishing firm.
Revenue at Fuzhou, Fujian Province, China-based Pingtan Marine dropped in the first quarter to USD 17.3 million (EUR 15.9 million), down 6.1 percent year-on-year compared to last year. Yet sales volume increased by 54.9 percent year-on-year to 13.5 million kilograms in the… Read More
Earnings at one of China’s leading producers of sea cucumbers suggest the country’s demand for the species is rising.
Shandong Homey Aquatic Development saw its revenues rise 6.64 percent in 2019 to CNY 1.22 billion (USD 168 million, EUR 156 million) while net profit increased by 4.86 percent to CNY 65.05 million (USD 9.1 million, EUR 8.45 million). The average selling price of its fresh seafood rose by 5.78 percent to CNY 137.32… Read More
China’s seafood market is “progressively recovering, especially in first-tier cities like Beijing [and] Shanghai,” according to the CEO of a Chinese seafood marketing consultancy ...
Photo courtesy of… Read More