STAG News Bites
The latest seafood news from China and other key global markets for Australian Exporters.
23 February 2023
STAG News Bites: 📊China market news; 🐟USA seafood strategy; 🦐India exports rise
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.
📊 China: Market news
Hangzhou News reports on lobster prices at the local seafood wholesale market: "Boston lobster costs 140 yuan per catty (500g), and 7-8 lobsters can be sold a day, which is 20-40 yuan cheaper per catty than during the Spring Festival… The most cost-effective one is Aolong (Australian lobster). The current price of Aolong is 410 yuan per catty, and it can sell 2-3 a day. During the Chinese New Year, it is 480-500 yuan per catty, which is equivalent to a 12% discount. Read the article here.
Sichuan Online reports on live US lobsters arriving at Chengdu airport: "From fishing to delivery, it only takes 48 hours to reach the table of consumers in Chengdu." Read the story here.
China News has published the opinions of Chinese academics regarding the improving trade atmospherics between Australia and China. One researcher highlighted the opportunity to upgrade the Australia-China Free Trade Agreement and cooperate on China’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Read the full analysis here.
Customs officers at Chengdu Shuangliu Airport are inspecting lobsters (photo courtesy of Chengdu Customs)
🐟 USA: National Seafood Strategy
The United States Government National Oceanic and Atmospheric Administration (NOAA) has published a draft National Seafood Strategy for public comment.
In relation to trade, NOAA says the USA will prioritise ‘fair seafood trade’ by “combating IUU fishing and related harmful fishing practices around the world and by expanding access to foreign markets for U.S. seafood.” Read the short document here.
🐚 Austrade: Abalone export success
Austrade is featuring a case study about the world-first abalone ranch set up by Rare Foods
Australia in WA. The product combines wild-caught attributes with sustainability credentials,
boosting its advantages in export markets. Read more on the Austrade website here.
🦐 India: Seafood exports to reach all-time high
According to India’s Business Outreach website, “In 2021-22, India exported 13,69,264 tonnes of marine goods worth US$ 7.76 billion (Rs 575.86 billion), an all-time record in terms of value, while shrimp output exceeded one million MT. Frozen shrimp remained the most important export item in terms of quantity and value, accounting for 53% of total income and 53% of total volume.” Read more here.
The STAG is funded by partners:
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.
The STAG is managed by:
The STAG is supported by:
