Vietnam’s vannamei and black tiger shrimp exports leaped y-o-y in January, though this was more down to Tet occurring in January 2023; sources predict a tough and volatile H1 2024

Global shrimp industry and overall Chinese economy woes have left forecasters with varied opinions on how 2024 will play out

Producers are waiting on the rest of the value chain to shift stocks still left over from the pandemic — at a loss, in some cases — but there are some slight signs of recovery

“Due to the decline in market prices across all seafood items, it’s likely that only a limited number of shipments will meet or exceed the USD 250,000 threshold per container. “

“I believe that the ban on Japanese seafood is not as significant as people imagined,” Chow said. “In a couple of months, China [will] find an alternative source for the banned seafood.

The Vietnamese shrimp sector is hopeful that the stocks throughout the supply chain can begin shifting before the end of 2023, but its global competitiveness is the real issue

Prices for 500 gram to 800g whole live tilapia have fallen to just CNY 7.60per kilogram at the farmgate in Hainan, in the country’s south

Hopes are largely pinned on export market improvements in the second half of the year but if that does happen, supply may well be unable

Pangasius imports into US market fell 50 percent in the first quarter compared with the same period in 2022.