CHINA MARKET NEWS
China becomes world’s biggest shrimp importer by volume
By Louis Harkell Feb. 11, 2020 08:33 GMT www.undercurrentnews.com China's imports of shrimp almost tripled to 718,000 metric tons in 2019, seeing it overhaul the US to become the world's largest importer by volume, according to Chinese customs data compiled by...
China’s seafood imports surge 39% to $15bn in 2019
China's seafood imports surged 39% in 2019 to CNY 106 billion ($15.3bn), according to Chinese customs data released Jan. 23, likely making China the second-largest seafood importer in the world ahead of Japan. The import surge follows 44% import growth in 2018, in...
China Lowers Tariffs on More Imported Seafood Products
www.seafoodnews.com January 2, 2020 On Dec. 23, 2019, China officially announced it is cutting tariffs on some imports, set to take effect Jan. 1, 2020. With the increasingly great popularity of foreign seafood products in China, some products will benefit from such a...
Indian seafood exports to China break $1bn mark in 2019 for first time
By Undercurrent News Dec. 31, 2019 09:57 GMT Seafood exports from India to China have grown by 42% in the past year, with growth particularly strong in shrimp, reports The Economic Times. As a result, total seafood export values to China over the first 11 months of...
Panoply of global seafood brands populate Alibaba’s Hema stores
www.undercurrentnews.com By Louis Harkell Dec. 24, 2019 09:19 GMT Alibaba Group’s Freshippo -- known locally as Hema -- is marketing some of the world’s most well-known seafood brands at its stores in China, with leading international firms set to benefit as the...
China’s tariffs on imported seafood unchanged in latest revision
www.undercurrentnews.com China will lower import tariffs on products ranging from frozen pork and avocado to some types of semiconductors next year, but tariffs for surging seafood imports will stay the same. Next year, China will implement temporary import tariffs,...
All eyes on China as Russian firms seek return on crab auction investment
http://www.undercurentnews.com Ivan Mikhnov's unusual morning ritual is he prays China’s economy avoids a downturn. Speaking to Undercurrent News at the recent China Fisheries and Seafood Expo in Qingdao, the first vice president of Russian crab company Antey Group...
More Chinese Turning to Online Platforms for Seafood Purchases
seafood news.com December 4, 2019 E-commerce platforms are playing an increasingly important role in China’s seafood sales. As available statistics show, the country’s online seafood sales reached 27.126 billion yuan ($3.8 billion USD) in 2018, which accounts for 1/3...
Chinese consumption of Norwegian cod up 500%, with more to come
By Undercurrent News Nov. 27, 2019 09:48 GMT Chinese consumption of Norwegian cod has increased 500% since 2014, when the Norwegian Seafood Council (NSC) began working to promote the whitefish there, it said. New research suggests consumption has risen from 1,000...
China salmon demand set to explode when usage starts in national cuisine
www.,undercurrentnews.com QINGDAO, China -- The first stage in developing China’s salmon market is now complete with Atlantic salmon now ubiquitous in big cities as an ingredient in Japanese sashimi restaurants. Stage two is all about getting Chinese to eat salmon in...
Dalian firm to boost Pacific salmon’s China prospects
www.undercurrentnews.com QINGDAO, China -- Pacific salmon could finally be about to hit China in a big way as Dalian Rich Enterprise Group – a Chinese firm specializing in wild salmon products – nears the opening of its CNY 300 million ($42.6m) plant in Dalian,...