Himfr.com Analyzes China’s Fish Meal Market

May 18, 2009

BEIJING, May 18 /PRNewswire-Asia/ — Himfr.com, one of China’s leading B2B
search platforms with more than 30 B2B industry websites to its name, analyzes
China’s fish meal market.

This week the price of fish meal is relatively weak, and has shown a
marked decline in shipment volume from the previous period. Mainly due to the
downturn in the market of pigs, pig feed has also registered reduced demand.
Traders are looking to empty their stock as soon as possible, setting aside
space for late product arrivals.

As the H1N1 influenza epidemic spreads, the impact is big on the domestic
pig market. Pig prices in some areas dropped slightly, making the recent
market consumption of pig feed also decline. As temperatures rise, the market
looks forward to the demand for aquaculture feed to increase. Recently, the
East China and South China shrimp farming industry has entered a critical
stage. The demand for shrimp feed is expected to grow. In addition, the H1N1
type influenza epidemic has impacted consumer psychology, and as a result of
this panic, consumers have turned from pork to the consumption of aquatic
products, which works to support the aquatic products market. Aquaculture is
expected to enlarge the demand for feed while helping boost small and
medium-sized enterprises conducive to supporting domestic fish market

Weak market demand for pig has made fish meal
(http://www.himfr.com/buy-fish_meal/ ) market prices weaken. The attitude of
traders will remain cautious and the market will stay weak. In the short term,
the price for fish meal rising may be impossible .

Recently, the domestic coastal fishery situation is still not ideal,
Anchovy resources are still relatively scarce and prices are high. As a result
of less productive resources, local domestic fish meal is at a relatively low
operating rate, resulting in fish meal stocks this year maintaining a
low-level. This has not yet caused an impact on the imported fish meal market.

With the demand for aquatic products expected to grow, a new round of
stock up will also start and the weakness price trend will be subject to
certain restrictions. Himfr.com’s analyst expects, in late May, a new fish
meal market will appear with new adjustments.

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SOURCE Himfr.com

Source: newswire

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