Maltese bluefin pivot toward China seen as strategic hedge against overreliance on Japan

Published 2024년 3월 22일

Tridge summary

Maltese tuna producers are in advanced talks with Chinese food safety authorities to increase their exports to China. This strategic move is aimed at diversifying their market and reducing dependence on Japan. The initiative was prompted by Maltese Fishing Minister Anton Refalo's 2023 statement emphasizing the need for the tuna sector to diversify its export markets and retain more value that currently goes to Japanese buyers.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Maltese farmed tuna producers are planning to send more of their exports to China in the near future as part of market diversification efforts to reduce its currently heavy reliance on Japan.Charlon Gouder, the head of aquaculture resource firm Gouder and Associates as well as the CEO of the Maltese Federation of Aquaculture Producers, said Maltese tuna firms are at “an advanced stage” of talks with Chinese food safety authorities to begin exporting to China.“Once finalized, exports of bluefin tuna can commence,” Gouder told SeafoodSource. "The majority of tuna being shipped to China will originate from capture-based aquaculture.”This shift follows comments made in 2023 by Maltese Fishing Minister Anton Refalo, who called the small island nation’s reliance on Japan “a problem” and said he wanted the tuna sector to ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.