Mark Godfrey

Guangdong, China-based seafood company Guolian Aquatic has posted a drop in operating income in Q1 2024, with the company attributing the dip to increasing competition across several sectors.

Guolian Aquatic’s quarterly operating income fell 26.3 percent year over year to CNY 1 billion (USD 138 million, EUR 129 million).

Guolian attributed some of its decline to increased competition, particularly in the processed shrimp sector. More

China’s seafood exports will grow by 7 to 8 percent in 2024, similar to levels reached in 2023, according to Wang Xueguang, the vice president of the China Aquatic Products Processing and Marketing Alliance (CAPPMA), a Beijing-based organization affiliated with China’s Ministry of Agriculture.

Wang said that he expects stability in global seafood markets in 2024 as demand stabilizes and inflation ebbs in key export markets. But

The Australian lobster sector is hopeful of an imminent return to the lucrative Chinese market.

Geraldton Fishermen’s Co-operative CEO Marc Anderson, who took over the position in March, said at the 2024 Seafood Expo Global his organization is “very optimistic” that exports of live lobster into China will soon be permitted after being blocked since 2020. Based in North Fremantle, Australia, Geraldton had built up a large

A free trade agreement (FTA) signed in May 2023 by China and Ecuador came into effect at the beginning of May.

Ecuadorian shrimp has become a favorite in China, increasing its shipments tenfold to China between 2018 and 2022. Ecuador accounted for 697,357 metric tons (MT) of China’s 987,601 MT of shrimp imports in 2023, accounting for a 71 percent market share. However, Ecuador’s shrimp exports to China fell 21.5 percent by volume