CFSE 2024 day two recap: Indian shrimp traders turn to Vietnam, Hondurans bid on China

QINGDAO, China — Underwater news reports live from this year’s China Fisheries and Seafood Exhibition (CFSE), which was held from October 30 to November 1 at the Hongdao International Convention Center in Qingdao, China.

CFSE is China’s largest seafood exhibition and is central to the marketing calendar of international seafood companies in China. Domestic Chinese seafood companies also came out strong.

You can recap all the top news from the second full day of the show below:

Indian shrimp packers target Vietnam over China as prices steady

Indian vannamei shrimp exporters are targeting Vietnamese buyers who are currently offering higher prices than Chinese importers, according to industry sources at the show. Click here for more detailed information.

Demand for capelin roe remains unchanged despite the zero TAC

International buyers remain cautious about Atlantic capelin roe, despite forecasts for a zero fishing quota in the 2025 season, according to the sales manager of a major Icelandic pelagic company. Undercurrent. Click here read more

A Chilean mussel farmer is ready to enter the lucrative Chinese market

Manuelita Acuicultura, a major Chilean mussel farmer, is taking steps forward in its plans to enter the lucrative Chinese market, said José Ignacio López Anwadter, the company’s sales manager. Undercurrent. Learn 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, plans to increase sales in the Chinese market by 10-20% year-on-year, the top manager of the Chinese division said. Undercurrent. Read more here.

Honduran shrimp producers are pooling resources in the Chinese market

Honduran shrimp producers have launched a unified marketing strategy to crack the competitive Chinese market, after the Central American nation’s diplomatic switch from Taiwan to China last year. Click here read more

Clearwater launches frozen quahogs in Asian markets

Canadian seafood giant Clearwater Seafoods has launched frozen quahogs into Asian markets, targeting the premium sushi and sashimi segments, after it increased its fishing capacity, company management said. Learn more here.

Tilapia prices in China may remain stable until May 2025

The price of Chinese-grown tilapia is expected to remain flat until the first half of next year as production of October juveniles has yet to recover from Typhoon Moji, which hit Hainan in September, a company source on the island said. . Read more here.

Irish clams are making inroads into China’s high-end market

According to Conor O’Sullivan, China manager of Bord Bia, the Irish Food Board, Irish shellfish such as brown crab and langoustine have entered China’s high-end restaurant and retail markets, achieving strong sales figures. Read more at his presentation here.

Irish seafood sales to China have soared

According to O’Sullivan, Irish seafood exports to China from January to August 2024 are up 35.6% year-on-year to €26.52m, driven by increased shellfish sales. Read more from the Irish Trade Show Seafood Workshop here.