Print This Page


July 3, 2015

China

Production Increases in South China, Prices Drop

 

A recovery in farmed shrimp production in South China has put downward pressure on shrimp prices.

 

Sun Hua, a major shrimp trader, said, “More and more shrimp from...South China have come to the market since...late May....  With the increase of shrimp supply, it is natural for the prices to decline.  This year the farming area has increased by tens of thousands mu [one mu = 614.4 square meters] in...Rudong County [in Jiangsu Province, on the central coast of China] and shrimp aquaculture in South China has also improved, which doubles the annual supply of...shrimp.  But there is no increase in the consumption, which makes it difficult for shrimp prices to increase.”

 

Lu Xiuming, a farmer with a large-scale farm in Rudong County, said: “More attention should be paid to the output rather than shrimp prices.  Assume that the output is about 500 kilos for one-greenhouse-shed pond.  The farmers stock three rounds of seedlings every year and they get annual income of 75 thousand yuan [$12,084] for one mu of ponds, if the shrimp price is 50 yuan per kilo [$8.06].  ...The profit is 35 thousand yuan [$5,639]....  Even if shrimp prices drop, there is still great profit for farmers.  There is no need for farmers to be bothered by prices; they should focus on how to increase the output.”

 

Qin Zhihui, a Secretary of the Communist Party, said: “A lot of farmers have done nothing but complain about low shrimp prices and the bad market situation, while their shrimp are not even large enough to meet the market requirements.  And shrimp traders are so clever that they will cut their purchase prices at the sight of a pond filled with shrimp at the size of about 80 to 100 shrimp per jin (1 jin = 0.5 kilo)”.

 

What’s worse, many outsiders believe that the profit is quite high for shrimp farming, which leads to a situation where there are some farmers who have little knowledge of shrimp farming.  Furthermore, the shrimp qualities worsen with the drastic increase of output.  It is important for farmers to wisely choose their seedling supply, limit farming scale as well as avoid following others blindly.

 

“There are some problems with the quality of a few seedlings this year, so the shrimp have not grown large even with the extension of the aquaculture cycle”, said Qin.  He has also expressed hope that the authorities will strengthen the supervision of the postlarvae market and punish the sellers who lie about the quality of their products.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Chinese Shrimp Prices Declining as Production Rebounds in Southern Farms.  Michael Ramsingh (phone 1-732-240-5330, email  michaelramsingh@seafood.com). Translation by Amy Zhong.  July 2, 2015.

Print This Page