Chinese Fish Price Report - Issue 3/2020 - FAO

Chinese Fish Price ReportIssue 3/2020

GLOBEFISH

Chinese Fish Price Report

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Issue 3/2020

The Chinese Fish Price Report Editorial BoardAudun LemJohn RyderMarcio Castro de Souza

Contributing EditorsMaria CatalanoHelga Josupeit William Griffin

Contributing PartnerChina Aquatic Products Processing and Marketing Alliance (CAPPMA)

EDITORIAL OFFICE

GLOBEFISHProducts, Trade and Marketing Branch (NFIM)Fisheries Division, Food and Agriculture Organization of the United NationsViale delle Terme di Caracalla00153 Rome, ItalyTel. +39 06 5705 57227E-mail: [email protected]

REGIONAL OFFICES

Latin America, CaribbeanINFOPESCA, Casilla de Correo 7086,Julio Herrea y Obes 1296, 11200Montevideo, UruguayTel: (598) 2 9028701/29028702Fax: (598) 2 9030501E-mail: [email protected]: www.infopesca.org

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Cover photo: ©unsplash/riolec

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ChinaINFOYU, Room 901, No 18, Maizidian street,Chaoyang District, Beijing 100125, ChinaTel: (86) 01059195186E-mail: [email protected]: www.infoyu.net

Editor in ChiefMarcio Castro de Souza

CoordinatorWeiwei Wang

Graphic DesignerAlessia Capasso

Chinese Fish Price Report Chinese Fish Price Report

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Contents

Industry news

Latest trends

Prices

- Tilapia- Red Swamp Crayfish- Grass carp- Largemouth bass- Chinese snakehead

- Largehead hairtail- Japanese seabass- Largemouth bass- Squid- Common carp- Silver carp- Grass carp- Bighead carp- Prussian carp- Swimming crab- Pacific oyster- Scallop- Hard clam- Chinese razor clams

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- Hybrid grouper- Whiteleg shrimp- Prussian carp- Turbot- Mandarin fish

- Nori- Large yellow croaker- Turbot- Mandarin fish- Snakehead- Asians swamp eel- Abalone- Redclaw crayfish- Chinese mitten crab- Chinese softshell turtle- Japanese eel- Channel catfish- Tilapia- White leg shrimp

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GLOBEFISH Market Reports are available from the GLOBEFISH website: www.globefish.org. All rights reserved. No part of FAO/GLOBEFISH Chinese Fish Price Report may be reproduced, stored in a retrieval system, or transmitted in any form or by means (electronic, mechanical, photocopying or otherwise), without prior permission. Requests for use for this material (including purpose and extent) should be addressed to: GLOBEFISH-Fisheries and Aquaculture Department - Food and Agriculture Organization of the United Nations, Viale delle Terme di Caracalla, 00153 Rome, Italy.

The Chinese Fish Price report is in collaboration with CAPPMA. CAPPMA is an independent association. registered by law, consisting of seafood producers, processors, distributors, suppliers, and institutions for fisheries research and education. It was founded in 1994 and it is a national non-profit organization directed under the supervision of the Ministry of Agriculture and Rural Affairs of the People’s Republic of China.

Policy updatesImplementation of the Yangtze River fishing banNo “Wild Yangtze River Fish” labelling on any aquatic productThe Ministry of Agriculture and Rural Affairs issued “Guidance on production and management of pond-cultured sea cucumber”

Both imports and exports of aquatic products declined in the first half of 2020 Prohibited sales and utilization of aquatic products without the certificate of origin and invoices China announced its first voluntary high sea moratorium seasonLaunch of the “Chinese integrated rice&fish farming industry development report 2020”The 25th China Fisheries & Seafood Expo postponed Shrimp prices drop to five-year low in the main producing area in ChinaUsing blockchain to facilitate traceability on imported aquatic products China International Tuna Trading Centre opened

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Policy updatesImplementation of the Yangtze River fishing ban

On 8 July, the State Council of China issued the “Notice on Ensuring the Implementation of the Yangtze River Fishing Ban”. The main requirements are: First, the provincial and regional governments along the river need to identify respective responsibilities; Second, ensure the resettlement of fishermen and safeguard their income security; Third, raise awareness and make available subsidies; Fourth, enhance enforcement and prohibit fishing activities; Fifth, intensify market supervision and cut down the downstream value chain; Sixth, strengthen performance evaluation to ensure the fulfillment of all tasks.

No “Wild Yangtze River Fish” labelling on any aquatic product

On 15 July, the State Administration for Market Regulation announced that all entities have to prohibit the sales of products from Yangtze River on any market, in order to cut out the illegal supply chain and protect the ecology of Yangtze River Basin.

Not only are the direct purchase, sale and processing of catches from restricted water areas forbidden without a legal certificate, but the advertisement and promotion of “Wild Yangtze River Fish” will also be prohibited. In addition, the upstream and downstream industries involved with catching or selling products from the Yangtze River should be suspended.

The Ministry of Agriculture and Rural Affairs issued “Guidance on production and management of pond-cultured sea cucumber”

On 2 August, the Fisheries Bureau under the Ministry of Agriculture and Rural Affairs issued the “Guidance on production and management of pond-cultured sea cucumber”. The guidance particularly suggests thorough cleaning of new ponds before stocking sea cucumbers and urges for restriction on the use of unapproved pesticides and other harmful chemicals.


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Industry newsBoth imports and exports of aquatic products declined in the first half of 2020

The President of China Aquatic Products Processing and Marketing Alliance mentioned that due to the pandemic, in the first half of 2020, the export volume of Chinese aquatic products dropped by 15.52 percent year on year, with value down by 16.25 percent. The import volume and value declined by 2.25 and 9.27 percent respectively. Since the pandemic is now under control in China, the President predicted a rebound in the aquatic products trade. However, the extent of this economic recovery remains uncertain due to world-leading seafood players like the Russian Federation, United States of America, European Union and Latin American countries, that have not yet recovered from the crisis.

Prohibited sales and utilization of aquatic products without the certificate of origin and invoices

On 3 July, in the Press Conference of the State Council Joint Prevention and Control Mechanism, the State Administration for Market Regulation shared lessons learned from Beijing Xinfadi Market, and stressed that more attention is needed to look into the potential risks concerning food security in market places. Aquatic products without the certificate of origin and invoices are also banned from sales and utilization.

China announced its first voluntary high sea moratorium season

Since 1 July 2020, China started a three month pilot phase of the voluntary moratorium season in Southwest Atlantic high seas. The moratorium would cover the Southwest Atlantic high seas between 32°S-44°S and 48°W-60°W, which is one of the major squid fishing zones. During the season, no Chinese fishing vessels are allowed to operate.

Launch of the “Chinese integrated rice&fish farming industry development report 2020”

The Fisheries Bureau, together with the National Fisheries Technology Extension Center, and the China Society of Fisheries, jointly released the “Chinese integrated rice & fish farming industry development report 2020” on 3 September 2020.

According to the report, the Integrated rice-fish farming industry maintained fast growth in 2019, the total farming area reached 2.33 million hectares, while the rice yields totaled 17.50 million tonnes, and production of aquatic products was over 2.90 million tonnes.

The 25th China Fisheries & Seafood Expo postponed

The China Fisheries & Seafood Expo Organization Committee announced on 27 July that the 25th China Fisheries & Seafood Expo, which was originally scheduled to open on 28 October 2020 in Qingdao, had been postponed to 27-29 October 2021.

Shrimp prices drop to five-year low in the main producing area in China

Chinese domestic shrimps prices were trending downward due to the combined effects of the pandemic, diseases, and market competition. Prices in Guangdong dropped to a five-year low level. Apart from the reduced consumption, the price drop is also attributed to the drastic growth of shrimp imports. In the first half of 2020, China imported a significant volume of shrimps from Viet Nam, Ecuador, and other exporters, which had a great impact on the domestic market.

©unsplash/patwhelen


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Using blockchain to facilitate traceability on imported aquatic products

Food traceability is vital to ensure food security, in particular in the context of the pandemic. The Zhejiang Provincial Administration for Market Regulation has taken the first step in China by developing trace codes through blockchain technology. The codes are now available in some frozen food wholesale markets. Product information including country of origin, inspection, quarantine certificate number, importer, freight tranship, and block-chain IDs can all be found with a simple scan of the code.

China International Tuna Trading Centre opened

The China International Tuna Trading Centre opened on 8 June at Shanghai Hengsha Fishing Port. The Trading Centre is an integrated facility combining the functions of cold storage, processing, trading, auction, and aqua tourism. The centre can process 5 000 tons of ultralow-temperature frozen tuna, 500-800 tons of fresh and chilled tuna. In addition, it has the capacity to store 2 000 tons of tuna at -60°C.

©unsplash/Alex Duffy


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TilapiaOreochromis spp.

Tilapia prices have been stable recently, with a rise of RMB 0.4 per kg in western Guangdong Province in September. As a result, many distributors in Guangdong chose to purchase fish from other provinces. As temperatures drop, many farmers chose to increase feeding volume to speed up their harvest. Furthermore, due to the depression in processing industries, distributors sell most fish directly to wet markets.

© Fish Biology Laboratory Xiamen University


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Red Swamp CrayfishProcambarus clarkii

The Red Swamp Crayfish from Hubei province started to enter the market around June in large volumes, however the prices remained low. Crayfish prices typically rise as supply decreases during this time period, but this was not the case this year. The continued decline in crayfish prices has discouraged farmers, which may affect the supply in 2021.


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Grass carpCtenopharyngodon idellus

Despite the holiday season, grass carp consumption nationally was weak in the July. Prices even showed a downward trend in some areas. Falling demand along with high harvesting season resulted in an oversupply of the grass carp on the market, especially in southern China. In addition, the arrival of the peak harvest period in the main producing areas allowed the penetration of farmed grass carp to the southern markets, which resulted in a local price drop of RMB 0.4-0.6 per kg.



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Largemouth bassMicropterus salmoniodes

Stimulated by consumption during the Mid-Autumn Festival and National Day, prices of largemouth bass have been trending upwards in some wholesale markets, particularly in Henan and Hubei provinces where prices saw an increase of RMB 2-4 per kg.

However, largemouth bass prices in Wujiang, Chengdu and other producing areas declined due to consumption drops after the holiday season and new supplies from Guangdong. Nationwide, largemouth bass supply is still limited, while market demand for large-sized fish remains strong., Consequently, distributors have slightly increased purchasing prices, and the outlook for market growth looks promising.



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Chinese snakeheadChanna spp.

Boosted by holiday consumption, along with the rise of pork prices, aquatic product prices, in general, rose before the holidays in early October. Farmed Chinese snakehead in Guangdong rose by RMB 1.6 per kg in September. Chinese snakehead prices spiraled upward over the past two months, which differs significantly from the same period of last year. The future outlook for the Chinese snakehead market looks promising as the seedling decreased by 40 percent compared to 2019.



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Hybrid grouperEpinephelusfuscoguttatus & Epinepheluslanceolatus hybrid

The grouper market has been on wild ride since June. Affected by COVID-19, the grouper market in Beijing is very limited, and many distributors have redirected their attention elsewhere. However, grouper prices in Guangdong, Hainan and Fujian fluctuated frequently with small margins, and the trading volumes were relatively stable. In July, grouper trading volume did not increase, but prices declined slightly mainly as a result of weakening consumption, as well as the absence of festivals.

The fishing ban along the coast ended in August, consumer demand for seafood is likely to increase. This may lead to higher grouper consumption and create an incentive for price hiking. Under favorable conditions, the prices of small-size groupers in Guangdong, Hainan and Fujian have increased. However, due to the weak market demand and poor sales, the prices of large-sized groupers continued to decline.



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Whiteleg shrimpPenaeus vannamei

Major markets witnessed intense disinfection and sterilization procedures, as well as reduced customer flow in June, due to COVID-19 rebound in Beijing. Moreover, shrimps in ponds were undersold in some producing areas, with Guangdong and Fujian experiencing the largest price declines.

However, the COVID-19 virus was found on imported frozen shrimp packaging in many areas at the end of July, spurring demand for domestic shrimps. In addition, due to decreased biomass in main producing areas, shrimp prices began to pick up and have kept rising since August. With the normalization of consumption, large-sized shrimps are in short supply across the whole country. So far, shrimp prices have been stable at high levels.


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Prussian carpCarassius gibelio

Prussian carp has been experiencing a supply shortage since the beginning of this year, and as a result, there has been a steady rise in the market. However, as farmers began to sell the new commercialsized fish to pay for their outstandings, prices of Prussian carp beganto show a downward trend. Nationwide, biomass remains low due to smaller-scale farming activities in 2020 and the outbreak of gill hemorrhages.Consequently, Prussian carp prices in most areas are still stable. In Jiangsu Province, the farm gate price of 0.4 kg per piece Prussian carp remains at RMB 26 per kg.

In Hubei Province, the farm gate price of 0.25 kg perpiece Prussian carp reached RMB 19.6 per kg. It is forecasted that along with the new supplies, small-sized Prussian carp prices are likely to experience a slight decline, however, the market for big-sized fish continues to be optimistic.


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TurbotScophthalmus maximus

The overall prices of turbot remained stable, but with two adjustments in late June and late August respectively. Following new COVID-19 cases in Beijing on 12 June, the closure of two major local markets hindered the sale of live fish and fish prices declined slightly. Now farmers are increasingly more cautious, supplying only small quantities while observing market trends. Turbot prices in Shandong, Hubei and Liaoning have been stable since August. Due to low market prices, most farmers are reluctant to sell, but the large biomass is not conducive to the recovery of fish prices. Mixed scenarios are occurring with some farmers adpoting a wait and see strategy, while some of those under cost pressures started selling fish in batches.



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Mandarin fishSiniperca chuatsi


In June and July, overall sales of mandarin fish in China were only two-thirds the quantity reached in the same period of 2019. Average mandarin fish prices were RMB 66 per kg, or about half of the peak price in the same period of last year. The reason is mainly due to the COVID-19 pandemic, since restaurants, major consumption channels for Mandarin fish, have seen plunged demand.

The biomass in ponds was large in June and July, and there was an increased quantity of mandarin fish in cold storage. After August, more competition emerged as new fish were seen entering the market, all factors contributing to a further drop in prices. It seems like there is little room for prices to normalize.


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THE CHINESE FISH PRICE REPORT

Chinese Fish Price Report - Issue 3/2020 - FAO

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