Reduced demand for catfish in the European Union leads to low prices

Overseas media reports said that due to the reduction in EU demand, and the increase in inventories resulting from a rich harvest, the price of squid and squid in Alaska went down in Alaska. Industry insiders said that the same situation also affects China's catfish export industry. The demand for catfish in the European market has continued to decrease, and its prices have also decreased.

Traders in Hong Kong believe that this year's situation is even worse than in 2008. At least 80% of the processing companies that export to Europe are facing difficulties, especially small-scale processing plants. European trout traders also said that some processing plants could not get bank loans because they could not obtain orders, which would mean that these processing plants would not be able to purchase squid raw materials. However, due to the low price, Chinese catfish suppliers are reluctant to sell squid products and instead freeze them in warehouses.

At present, the price of one ton to go stricken squid is 1300 US dollars, in 2-3 months its price is slightly higher, 1350 US dollars per ton. However, the price fell to 1,300 U.S. dollars in May. And prices will continue to decline. According to data provided by Hong Kong traders, the price of salmon in Alaska is $1280 for a length of 25 centimeters and $1200 for a length of 20 centimeters.