Some of these articles are in foreign languages and can be automatically translated on Google Chrome. 

Note: These articles are a round-up of news media in key seafood markets. The information is provided as part of our market intelligence service to Australian seafood exporters. The views expressed in the media articles are not those of the STAG and are in no way endorsed by us. 

Image: Facebook/Singapore Home Cook

🐚 Singapore: Abalone live online sales event

Here’s a terrific example of Australian seafood exploiting live online broadcast sales channels to sell directly to consumers in Asia:

‘In order to open up new business opportunities, Li Changhao and his team sold canned abalone and soft-boiled abalone for the first time through Facebook live broadcast at the abalone processing factory in Australia at the end of last month. The number of people watching online at the same time reached 600 people and set a sales record of 100,000 yuan.’

Read the full article here (Chinese).

In the mainland China market, live broadcasts are amongst the most profitable sales techniques - but buyers should beware! Learn more about the China seafood live sales industry here (Chinese).

🇨🇳 China: 2022 Seafood Market Trends

Image: STAG 2022 Seafood Market Trends report 

In December, STAG provided an unofficial translation of key online seafood sales and search data from the Tmall Innovation Centre. Check the full document on the STAG website here for insights into Chinese online seafood consumer behaviour.

🌏  Asia: Seafood markets prepare for Spring Festival

There have been various Chinese media reports from seafood markets across the country this week as Spring Festival approaches. The holiday in China will run from 21-27 January 2023. These articles describe seafood wholesale market conditions in Ningbo, Jinan, and Tianjin.

GACC’s lifting of Covid-19 restrictions on imports has increased the supply of fresh seafood.

According to one seafood market trader, ‘Now the customs clearance of imported seafood is much faster than before. It may have taken ten to twenty-four hours before, but now it only takes one or two hours at most. The price of high-end seafood this year is 30% to 40% lower than last year.’ Read this story here (Chinese).  

Learn more about the effect on seafood prices following the announcement to end Covid-19 testing for imports here (in Chinese).

Another Chinese language article from Malaysia highlights rising prices for seafood, with further increases likely in the lead up to Spring Festival. Read here.

Taiwan News has published a feature on the wholesale fish markets of Taiwan. Read it here.

Image: Taiwan Panorama photo

🐟 Japan: Tuna-mania

According to a report in the Japan Times, ‘A bluefin tuna fetched ¥36.04 million (US$273,000) on Thursday at the New Year’s auction at Tokyo’s Toyosu fish market, more than double the top price last year, as the restaurant and food industries look to recover from the coronavirus pandemic.’ Read the article here.

In other Japan tuna news, ‘Tuna Mania’ is a new restaurant in Osaka: ‘said to be the first in the Kansai region to make effective use of tuna ribs and liver, which are normally discarded, and offer rare parts in yakiniku style.’ Learn more here (Japanese).

Image: Taiwan Panorama photo

The STAG is funded by partners:

www.seafoodtradeadvisory.com

The Seafood Trade Advisory Group (STAG) is jointly funded by the Australian government and the fishing industry. We receive funds from the Fisheries Research and Development Corporation (FRDC).which is a statutory authority within the portfolio of the Federal Minister for Agriculture, Water and the Environment. 

 Any information provided in this STAG publication is general in nature. Before acting on any information provided, you should consider its appropriateness to your individual circumstances and business objectives.