China continues to seek supplies of fish to make up for squeezed local supply, judging from wholesale pricing data for the first half of the year.
In the first six months of the year, freshwater seafood prices rose 3.14 percent on the same period last year, but the main driver was fish, according to a survey of the 80 top seafood wholesale markets in China conducted by the ministry of agriculture.
Of 49 species surveyed, the prices fo… Read More
There’s lots of money seeking opportunities in China’s food sector: that’s easy to see from the various conferences and networking nights in Beijing and Shanghai, where a plethora of cashed-up Chinese (and some international) venture capital companies size up potential agriculture or food distribution opportunities.
Food is a conundrum for venture capitalists who see the rise in consumption of every protein and high value … Read More
One of Russia’s leading producers of salmon is making a big play for the Chinese market.
The Russian Aquaculture Group has been thoroughly researching the Chinese market for Atlantic and pink salmon, and is currently seeking its first exports to China, according to a company statement for this year’s China seafood expo.
Russian Aquaculture claims to have produced 8,400 tons in the first half of 2017, worth USD 5.5 million (EUR 4… Read More
One of Beijing’s leading luxury hotels is cashing in on demand among wealthy consumers for crustaceans with a promotion featuring crabs costing over USD 50 (EUR 42) each.
The hotel’s Zi Jin Ge (Purple Gold Pavilion) restaurant is serving steamed Yancheng crabs at CNY 288/250g (USD 43/250g, EUR 36/250g). Crabs from Yangcheng Lake in Jiangsu province are regarded as premium product in China, generating great fuss each summer as ma… Read More
Male model and movie star Li Zi Feng has starred in a cooking show made for Chinese social media featuring crabs, shrimps and lobster from Canada’s provinces.
Released live on Youku, a Chinese version of Youtube, the video was shot at the Canadian embassy in Beijing and featured seafood certified by the Marine Stewardship Council (MSC). Screengrabs of the shoot were picked up and promoted on leading internet portals like Sina.com and … Read More
A major shift in global trade is underway.
While much of the global business world’s attention has been directed at the United States and its increasingly protectionist policies under President Donald Trump, China has continued to pursue an aggressive trade internationalization aimed at making it the dominant player in seafood trading both in Asia and internationally.
Five factors in particular will determine whether China will achiev… Read More
There’s been a sharp year-on-year rise in sea bass prices in China as high mortality rates in the local farmed supply begins to apply pressure during key demand months.
Wholesale sea bass prices in the mid-June to mid-July period rose to CNY 13.50 (USD 2.01, EUR 1.69) per 500 grams, from an average CNY 10 (USD 1.49, EUR 1.25) per 500 grams in 201, according to an average of prices compiled by the China’s Agriculture Minist… Read More
China’s production of feed for aquaculture by a significant margin in the first half of 2017, according to statistics from the China Feed Industry Association.
The association’s recently released statistics revealed that feed production for freshwater aquaculture feed rose 7.4 percent to 1.44 million metric tons (MT) in the first half of 2017, while production of feed for saltwater mariculture production rose 10.6 percent to 506,000 M… Read More
Leading Chinese tilapia producing region Hainan has reported exports of 69,800 tons in the first six months of the year, up 12.9 percent with a rise of 13.2 percent in value terms to USD 250 million (EUR 214 million).
China’s General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) is crediting the region’s rise in seafood exports to a upping of production standards, in part through the establishment of the Che… Read More
Long recognized as the top player in China’s fish/shrimp feed market, Guangdong Haid Group is one of only a handful of seafood related companies to make the Fortune list of the 500 largest Chinese companies.
At 231st place, Guangdong Haid, however, saw its ranking slip, going down from 215 in 2016. Meanwhile, The Tongwei Group, which produces aqua feed but also tilapia, saw its ranking improve from 367 (2016) to 290 (2017).
Both… Read More