CFSE 2024 day one recap: Atlantic mackerel prices to soar, Aussie abalone under pressure
QINGDAO, China -- Undercurrent News is reporting live from this year's China Fisheries and Seafood Exhibition (CFSE), held at the Hongdao International Convention and Exhibition Center in Qingdao, China from Oct. 30 - Nov. 1.
CFSE is China's largest seafood trade show and central to international seafood companies' marketing calendar in China. Domestic Chinese seafood companies are also expected to turn out in force.
You can read all the top stories from the first full day of the show below:
Aussie rock lobster firm to maintain frozen sales after China lifts ban on live
Australian rock lobster company Ferguson Australia plans to maintain its sales of frozen product to Europe and domestic markets even as China lifts its four-year ban on live imports from the country. Click here to read in full.
Indian surimi producers face market challenges as prices remain stagnant
Indian surimi producers are facing significant challenges in the market, as tropical surimi prices have remained static, industry executives told Undercurrent. Read more here.
China’s Guoxin developing branded products for its giant aquaculture ship
Chinese state-owned company Guoxin Group has cultivated high-end demand for fish farmed in its giant farming vessel, Guoxin 1, according to a company executive. Click here for more.
Maltese bluefin tuna sold to China under JV
Farmed Maltese bluefin tuna is making its consumer debut at the CFSE show through a joint venture between Malta Fish Farming and China's Shandong Far-sea Development. Read more on that here.
Atlantic mackerel prices expected to soar even higher in 2025
Prices for Atlantic mackerel are expected to exceed this year’s record levels next year, a sales executive from one of Norway’s leading pelagic species producers told Undercurrent. Read more details here.
Chinese farmed abalone pressures prices for Aussie wild-caught
Australian wild-caught abalone prices have dropped AUD 20 per kilogram ($13/kg) since the start of the year as expanding Chinese aquaculture production intensifies competition in the premium seafood market. Click here to read more.
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Russian pollock producers explore new roe markets in China
Russian pollock producers are exploring the roe product line in the Chinese market as part of their strategy to diversify exports away from their traditional buyers in Japan and South Korea. Read more details here.
Chinese fish trader in Senegal starts value-added amid drop in pelagic catches
Tamou Fishing International, one of Senegal’s largest seafood trading companies, is expanding its value-added processing operations as local pelagic fish catches decline, a senior executive told Undercurrent. Click here for more.
Newfoundland’s Greenland halibut prices remain firm in China
The Chinese market for Greenland halibut has shown resilience, with prices remaining steady, a sales executive from a major processor in Newfoundland and Labrador, Canada told Undercurrent. You can read more here.
Vietnam gains mackerel processing market share from China aided by Japan trade deal
Vietnam’s seafood processors are capturing an increasing share of the mackerel reprocessing market from China, leveraging zero-tariff access to Japan through a long-standing free trade agreement, according to industry experts. Click here to read more.
Chinese salmon sales grow through e-commerce but traditional retail still dominates
E-commerce platforms are capturing an increasing portion of China’s salmon sales, though traditional retail channels continue to dominate, according to a senior executive at Mowi, the world’s largest salmon company. Read more on that here.
China overtakes South Korea to become Norway’s third-largest mackerel market
Norway has exported 150,000 metric tons of frozen mackerel in the first nine months of 2024, a decrease from the 161,000t recorded during the same period in 2023. However, the export value has increased by 16%, driven by a 19.5% rise in average prices. Click here for more details.
Undercurrent was also reporting from the Norway-China Seafood Summit, held at the Haitian Center on Oct. 29, one day before the main show's opening.
You can read a summary of the headlines from that event below: