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China: record levels of fishmeal imports (2021) expected to continue in 2022
From January to April 2022, little production of marine ingredients is expected, and most of it is expected to be based on by-products. The record level of fishmeal imports reported in 2021 might be reached again in 2022. The demand of marine ingredients is expected to be still dominated by aquaculture, in a context where the Chinese authorities have committed to managing the sector according to strict environmentally protective criteria.
Aquaculture currently remains off-season. The average trading price of aquatic products rose in December 2021 and January 2022 year on year, supported by healthy trading volumes. The farm-gate prices of farmed species rose before the Spring Festival holidays as expected.
The pig sector continues to suffer from over-capacity, leaving the price of live pigs still under pressure. The Spring Festival holidays, which traditionally implies a higher consumption of pig meat, may only provide a short-lived respite.
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