Pakistan - China offers lower price for cuttlefish: exporters fear decline in exports
(fis.com) China moved to cut the price it offers for Pakistan's cuttlefish, making it difficult for local exporters to capitalise on the new season's catch which so far was 'normal', fisheries sources told Business Recorder on Thursday 6 Sept.
"The new season crop is normal and of world quality," head of Akhlaq Enterprises Akhlaq Hussain Abedi told Business Recorder, hoping that the seafood landing was likely to show a robust growth in the coming months.
However, he criticised the price of cuttlefish in Chinese markets. "China has cut the price of cuttlefish by USD 2 a kilogram, dropping it to just USD 3," he pointed out. He believed that the price of other prime fish specie - squid - is also likely to drop significantly if China continued to fail to fetch good rates for its value-added seafood products on EU and US markets.