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February 26, 2015

China

Broodstock Shortage Forecast

 

Charoen Pokphand Indonesia, through its subsidiary, Shrimp Improvement Systems (SIS), entered the Chinese shrimp broodstock market in 2004, and has now become its leading supplier.  In 2015, it has already supplied China with around 140 to 150 thousand pairs of broodstock, and it can’t keep up with the demand.

 

Wang Jinde, the freight forwarder for SIS in China, plays an important role in China’s shrimp broodstock market because he is responsible for the delivery of most of the country’s imported shrimp broodstock.  He says the sales volume of SIS shrimp broodstock has been as high as one thousand pairs a day since mid-November of 2014.  Although SIS’s broodstock is widely received in China, it’s not the only supplier.  Its competitors include: Charoen Pokphand Thailand, which just entered the Chinese market, Kona Bay Marine Resources, Molokai Sea Farms International and SyAqua.

 

SIS is the holding company of Charoen Pokphand Indonesia, which is related to the Thailand-based CP, although the two companies have independent accounting and no business connections.  Charoen Pokphand Thailand is much larger than Charoen Pokphand Indonesia.  CP Thailand has orders for 70,000 pairs of broodstock, and that number is likely to increase.

 

Although many Chinese companies are working on the development of broodstock, thus far, they have not made much progress, and their products are not receiving much attention from hatcheries.  According to Wang, a broodstock company needs to invest at least $2 to $3 million a year to maintain a broodstock program.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Shortage of Shrimp Broodstock Forecast for China in 2015 Despite Surge in Suppliers.  Translation by Amy Zhong.  February 25, 2015.

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