Week 23

Week 23

The week saw stable raw materials prices in Hainan at RMB 8.2/kg, while in Guangdong, the prices dropped to RMB 7.6-7.7/kg. The decline in Guangdong led Hainan farmers to catch more fish, including smaller sizes, fearing a similar price drop. However, factories in Hainan hadn’t yet reduced prices to the farmers. With high temperatures, a short supply of materials was expected within 15-20 days. Guangdong faced challenges with new customs requirements for traceability, adding extra work and costs for the factories. The situation’s outcome depended on the complexity of the new procedures and the strictness of customs enforcement.

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