Economic Downturn Not Likely to Hurt Booming Seafood Export Business to Chinese Market
China’s recent economic downturn is not likely to hinder what have been booming seafood exports into their market. In general the global market for seafood is very strong according to John Sackton. In Canada particularly, healthy overseas demand remains for high priced crab and shrimp out of Newfoundland. "Asian demand for seafood has grown so rapidly and is so large that even if it gets cut back a little, it's still going to be a big (player)," Sackton said.
The black tiger shrimp market in the US continues to shrink for Bangladesh’s exporters according to the Bangladesh Frozen Foods Exporters Association. Industry reports say the downturn is the result of stiff competition from lower priced white shrimp from major suppliers including Thailand, Vietnam, Indonesia and India. "Shrimp exports to the US have been declining each year since 2008-09 as we can't compete with the small-sized and low-priced vannamei," said Amzad Hossain President of Bangladesh Frozen Foods Exporters Association.
In more shrimp news, landings of the Gulf of Mexico this year are on par with the catch through July 2014. The catch out of Texas carried the month of July and offset a decline in landings out of Louisiana. The market continues to post declines with Urner Barry reporting pressure from lower priced, new season production.
Finally we run the first story in series of articles by Peggy Parker that will focus on both the accomplishments and sustainability issues from the various salmon hatchery programs in Alaska. Today’s entry discusses how strong salmon returns are not the only indicator of the state’s successful hatchery programs. Parker writes how Alaska has learned the dos and don’ts of hatchery management from various players from across the Pacific Northwest salmon industry.
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