This week, the tilapia market remained stable with Hainan at RMB 8.4/kg and Guangdong at RMB 8.2/kg for size 500-800g. Despite the stable feed selling situation, it reached only about 40% of the previous year’s level. The second half of the year was projected to see a fish supply shortage, although most factories had a stock lasting 2-3 months. The global trade fair results were mixed, with some factories finding better opportunities than others. In light of current China-US relations, some American clients were exploring alternative suppliers. Guangdong faced ongoing challenges from high tax refund events, including rigorous customs checks and new requirements for exports to the EU, slowing down the export process and necessitating more stringent checks on raw materials.
