China accelerates purchases of live crabs from Vietnam

Published 2024년 5월 23일

Tridge summary

Seafood exports have experienced a positive growth, recovering to pre-pandemic levels with the recovery of the US and Chinese markets. There has been a notable increase in exports to Canada, Germany, the Netherlands, and Russia. While shrimp, pangasius, and tuna exports have shown positive trends, squid and octopus exports have declined in April. Crab exports have surged by 101%, primarily to China, but the industry is grappling with supply issues and challenges from new regulations. Experts anticipate continued growth in seafood exports in the coming months, as long as issues related to seafood raw materials, shrimp, and pangasius are addressed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

This growth is largely due to the recovery of the US and Chinese markets, as well as significant increases in exports to Canada, Germany, the Netherlands and Russia. Shrimp exports showed positive signs of recovery, reaching their highest level since the start of the year, while pangasius and tuna exports also showed positive trends. However, exports of squid and octopus declined in April. Crab exports are up 101%, mostly to China, but the industry faces supply problems. The new rules of Decree 37/2024 and EU market rules also pose problems. However, experts predict that ...

Source: Fishretail