Chinese seafood processing sector facing dire circumstances, with some moving production abroad

Chinese seafood processors are sounding the alarm over fears of a supply glut, labor issues, high inflation, and weak demand.

They’re claiming they have experienced potentially irreparable damage from the Covid-19 pandemic, from which some fear they might never fully recover.

David Jiang, managing director at Unibond Seafood International, which sources seafood in China for European customers, is predicting a dire outlook for the sector – a problem that will begin to heavily affect consumers later this year.

“High inflation and weak demand, compounded with high stocks in the E.U. and the U.S., have put a lot of pressure on every seafood processor in China ... 

Photo courtesy of Tongwei