QINGDAO, China -- Undercurrent News is reporting live from this year's China Fisheries and Seafood Exhibition (CFSE), held from Oct. 30 - Nov. 1 at the Hongdao International Convention and Exhibition Center in Qingdao, China.
CFSE is China's largest seafood trade show and central to international seafood companies' marketing calendar in China. Domestic Chinese seafood companies have also turned out in force.
You can recap all the top stories from the second full day of the show below:
Indian shrimp packers target Vietnam before China as prices firm
Indian vannamei shrimp exporters are targeting Vietnamese buyers who are currently offering higher prices over Chinese importers, according to industry sources at the show. Click here for more details.
Demand for Atlantic capelin roe remains stagnant despite zero TAC outlook
International buyers are maintaining a cautious stance regarding Atlantic capelin roe, despite forecasts predicting a zero fishing quota for the 2025 season, a sales executive from a major Icelandic pelagic harvester told Undercurrent. Click here to read more.
Chilean mussel farmer poised to enter lucrative Chinese market
Manuelita Acuicultura, a major Chilean mussel farmer, is making strides in its plans to enter the lucrative Chinese market, Jose Ignacio Lopez Anwadter, the company’s sales manager, told Undercurrent. Find out more here.
Mowi aims for 20% sales growth in the Chinese market next year
Mowi, the world’s largest salmon farmer and a pioneer with processing plants in Asia, is targeting a 10-20% year-on-year growth in sales volumes in the Chinese market, the top executive of its China operation told Undercurrent. Read more here.
Honduras shrimp producers pool resources in China market bid
Honduran shrimp producers have launched a unified marketing strategy to crack the competitive Chinese market, following the Central American nation’s diplomatic switch from Taiwan to China last year. Click here to read more.
Clearwater launches frozen-at-sea quahogs in Asian markets
Canadian seafood giant Clearwater Seafoods has launched frozen-at-sea quahogs in Asian markets, targeting premium sushi and sashimi segments after securing increased harvesting capacity, company executives said. Find out more here.
Chinese tilapia prices may remain firm until May 2025
The price of farmed tilapia in China is expected to remain firm until the first half of next year, as fingerling production in October has not yet recovered from Typhoon Mojie, which made landfall in Hainan in September, a source with a company on the island said. Read more details here.
Irish shellfish makes inroads into China’s high-end market
Irish shellfish, such as brown crab and langoustine, have entered China’s high-end dining and retail markets, achieving strong sales performance, according to Conor O'Sullivan, the China manager of Bord Bia, the Irish Food Board. Read more on his presentation here.
Irish seafood sales to China surge
From January to August 2024, Irish seafood exports to China have risen by 35.6% year-on-year to €26.52 million, driven by increased shellfish sales, according to O'Sullivan. Read more data from the Irish Seafood Trade Seminar at the show here.
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