Tridge summary
Tilapia prices in China have increased due to decreased supplies, with wholesale prices in Guangxi and Guangdong reaching 10.80 yuan/kg and 11.20 yuan/kg respectively. This is due to farmers catching smaller fish to capitalize on high prices, resulting in a expected fish shortage before the next harvest in mid-August. However, as high prices this year have led to increased inventories, a cyclical glut is expected in the crop, leading to an anticipated decrease in prices in mid-August.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Wholesale prices for tilapia weighing 500-800 grams increased by 0.60 yuan per kilogram in Guangxi to 10.80 yuan/kg (US$1.49/kg) in week 29, and by 0.60 yuan/kg in Guangdong to 11.20 yuan/kg in the 30th week. In contrast, prices in Hainan Province remained stable at $10.60 per kg. The increase in mid-to-late July came as some farmers began catching smaller fish to capitalize on high prices, tightening supplies ahead of the next big harvest. High stock levels this year mean larger volumes are imminent, with harvest expected in mid-August. "The market is again facing a fish shortage," said Liu Zhili, CEO of Hainan Gengift Aqua-Technology, China's second-largest supplier of tilapia fingerlings. A June drop in prices from export processors led to farmers harvesting more fish prematurely, he said. Tilapia prices have risen across China over the past 12 months due to low stock levels in ...
Source: Fishretail
Would you like more in-depth insights?
Gain access to detailed market analysis tailored to your business needs.
Related market data
What to read next
Read more relevant content
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.