China seeks sea bass as domestic prices rise
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 Ministry.
Chinese producers struggled in cold winter temperatures in the winter of 2016 to 2017, while this year’s lengthened summer fishing moratorium is also pushing demand for replacement species in Chinese markets.
The news will be of interest to both Greek and Turkish seafood industries bodies, which have in recent years tried to open the Chinese market to sales of farmed bass.