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 is 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 third full day of the show below:
'Best China show ever,' says Omarsa's CEO
Sandro Coglitore, CEO of Omarsa, Ecuador's second-largest shrimp exporter, told Undercurrent his company has received many orders from China in the first two days of the exhibition. Read that in full here.
JETRO returns to Qingdao Show amid Chinese ban on Japanese seafood
Amidst China's continued comprehensive import ban on Japanese seafood products, the Japan External Trade Organization (JETRO) returned to the Qingdao Seafood Show for the first time since 2021. Read what it had to say here.
Japanese surimi processor markets US-made crab sticks in China amid seafood ban
In response to the Chinese government's ban on Japanese seafood products last September, Sugiyo, a major Japanese surimi processor, is pivoting by marketing its crab stick, manufactured at its US plant, to the Chinese market. Read the full blog post here.
Russian pink salmon prices double on harvest shortfall
Russian pink salmon prices have surged to $4.20-$4.50 per kilogram for headed and gutted product, more than double last year's levels, as catches have fallen to about two-thirds of the pace of 2023's record harvest, industry sources said -- read more here.
India's Zeal Aqua invests in brine freezing equipment for black tiger exports to China
Indian shrimp producer Zeal Aqua has invested €400,000 ($435,502) in French-made brine freezing equipment to target China's growing demand for head-on black tiger shrimp. Read that in full here.
India's Jeelani Marine invests $13m in value-added shrimp plant in Maharashtra
Indian seafood processor Jeelani Marine will invest $13 million in a new value-added shrimp processing facility in Maharashtra, India. You can read more about that here.
Vietnamese surimi producers seeing 'better' sales despite challenges in India
Vietnamese surimi producers are currently experiencing "better" sales to China and South Korea following the price collapse in 2023, while their Indian counterparts are struggling with stagnant prices. Read that story here.
Vietnamese pangasius prices in China expected to rise further
Vietnamese pangasius export prices to China are expected to continue rising, according to an industry veteran. "In the first three quarters of this year, Vietnam's pangasius exports have increased, and recent prices have been on the rise," said Chen Xindong, general manager of Octogone, China's largest pangasius distributor.
Ecuadorian shrimp price rises not mirrored in China, says importer
Ecuadorian exporters have increased their offer prices for farmed shrimp to Chinese buyers at the Qingdao show, causing buyers to become more cautious, said an executive with Quanlian Jicai, the largest shrimp import platform. Read that story here.
Peru's jumbo squid prices reach all-time high, hitting local processors
Peru's jumbo squid prices have reached an all-time high this season, placing "considerable pressure" on local primary processors, an executive from a major exporting company told Undercurrent. Read that here.
European smokers seek Chilean coho for first time amid Pacific wild salmon decline
Eastern European salmon smokers are seeking to procure Chilean coho salmon on a large scale for the first time following a decline in Pacific wild salmon harvests, a marketing executive from a Chilean farmer told Undercurrent.
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