Tough year ahead for Chinese whitefish plants

News 13:56 13/09/2014
(IntraFish) The labor situation in China is just one of the problems for whitefish processing plants this year, sources told IntraFish. Whitefish processing plants in China are being hit by rising labor costs, but this is not the main problem, said a China-based executive.

“For the factories I know, I didn’t see much trouble with labor situation -- the labor force is sufficient so far while wages are only increased a bit,” said Daniel Lin, an executive who has set up his own company, Ocean Kingdom Seafood, to supply wild-caught frozen at sea fish to the processing industry and wholesalers.

The biggest “headache” for whitefish plants in China is “weak markets and financial stress,” Lin told IntraFish.

“For factories I do business with -- I sell raw materials to them and buy fillets back -- selling terms now changed to letter of credit (L/C) at 90 days, whereas previously it was L/C 30days or up to 60 days.”

Changing to 90 days means it takes them longer to pay, so that they can have more liquidity to run their business, said Lin.

“This year’s life for Chinese whitefish processing plants will be tough,” he said. “I am only optimistic about the Middle East and Africa markets -- these countries’ economies are strong, thanks to their strong resource and commodity exports.”

However, it is clear that the labor situation is a problem for plants in China.

"Regard the labor cost in China, it’s the same story for the past two to three years," said Xiaohui Luo, operations manager with Chang International, which operates plants in Qingdao, China.

"I think the cost will go higher, but by how much I don’t know. However I think the bigger factor is there may not be enough workers willing to work in this industry even if they can get a little higher pay than some other industries," he told IntraFish

"Obviously plants will not break the bank to pay the workers. The lack of workers could have a bigger impact on the overall productivity from Chinese plants, on all items not only for whitefish species," he said.

Seafood processing companies with plants in China might see the tightening labor situation as reason to leave the country, sources told IntraFish.

China seafood processor Yantai  Longwin saw an estimated 20 percent drop in worker numbers over the past year, said its managing director Eric Wang.

Some factories might already have plans to move their operations to Vietnam and Cambodia if the situation persists, said Alvin Loy, director of Singapore-based Fish International Sourcing House, which has a processing facility in China.

While incentives such as providing free food and lodging could ensure that workers stay, Loy told IntraFish that if the labor shortage situation worsens in the next few years, the Chinese government even might have to allow foreign workers to come into the country.

Foreign companies which operate joint venture plants in China, such as High Liner Foods and Royal Greenland, are looking at setting up plants in Vietnam.

Toyota Tsusho Foods, the food division of the Japanese giant, recently announced it is moving its seafood processing to The Philippines.

Bạn đang đọc bài viết Tough year ahead for Chinese whitefish plants tại chuyên mục News của Hiệp hội VASEP

TIN MỚI CẬP NHẬT

Amid competitive pressure, fish cake and surimi exports still have growth opportunities

 |  09:08 09/05/2026

(seafood.vasep.com.vn) In the first three months of 2026, Vietnam’s exports of fish cake and surimi reached USD 63 million, down 5% compared to the same period last year. Although total export value declined slightly due to decreases in some key markets, many other destinations continued to post strong growth, opening up room for this convenience-oriented processed segment in the coming quarters.

Fisheries in Quang Tri show positive results

 |  08:52 07/05/2026

(seafood.vasep.com.vn) Favorable weather conditions in the early months of 2026 have brought encouraging signs for fisheries activities in Quang Tri. Output has grown steadily, contributing to improved livelihoods for local residents.

What opportunities lie ahead for Vietnam’s seafood exports in 2026?

 |  16:45 05/05/2026

Entering 2026, Vietnam’s seafood industry is facing a period of both high expectations and mounting pressures. Following the positive recovery in 2025, production and export activities in Q1/2026 demonstrated the strong adaptability of Vietnam’s seafood business community amid continued global trade volatility, intensifying international competition, and increasingly stringent compliance requirements in import markets.

Q1/2026: shrimp exports grow on China demand, but competition and costs remain high

 |  10:40 04/05/2026

(vasep.com.vn) In the first quarter of 2026, Vietnam’s shrimp exports reached USD 1.069 billion, up 17.5% compared to the same period in 2025. This is a positive result amid an uneven global shrimp market recovery, intensifying competition among major suppliers, and continued volatility in the international trade environment. However, this growth does not reflect a broad-based recovery across the entire sector, but rather is driven mainly by strong performance in a few markets and specific product segments—most notably lobster exports to China.

Vietnam’s tuna exports in early 2026: bright spots amid mounting pressures

 |  08:54 01/05/2026

(seafood.vasep.com.vn) Vietnam’s tuna exports continued to decline in March 2026. Cumulatively, in the first three months of the year, export value reached USD 208 million, down 4% compared to the same period in 2025. The export landscape shows clear divergence across markets: while the U.S. and EU remain challenging, markets such as Russia, the Middle East, Egypt, the Philippines, and Mexico have emerged as growth bright spots.

Quang Ngai: rising shrimp farming costs squeeze farmers’ profits 

 |  15:43 28/04/2026

(seafood.vasep.com.vn) In Quang Ngai Province, shrimp farming costs are rising sharply due to लगातार increases in feed, fuel, and input material prices, while farm-gate shrimp prices are declining. This has significantly reduced farmers’ profit margins and increased production risks.

Vietnam’s tilapia exports accelerate, requiring a long-term strategy

 |  10:10 26/04/2026

(seafood.vasep.com.vn) Vietnam’s tilapia exports are experiencing impressive growth, reflecting expanding global demand as well as the sector’s development potential. However, behind the strong growth figures lie limitations in production capacity and supply chains, highlighting the need for sustainable development in the coming period.

Vietnam’s pangasius exports to the Middle East: Strong potential amid geopolitical challenges

 |  09:59 24/04/2026

(seafood.vasep.com.vn)  Vietnam’s pangasius exports to the Middle East in 2025 and early 2026 have shown notable growth. However, escalating geopolitical tensions in the region have increasingly impacted export activities since March. This situation presents a challenge of balancing market expansion opportunities with rising trade risks.

Quang Tri proactively schedules crop seasons and strengthens disease prevention in shrimp farming

 |  09:55 22/04/2026

(seafood.vasep.com.vn) The Quang Tri Department of Agriculture and Environment has instructed localities to base their stocking schedules on actual conditions in each farming area, while developing plans, allocating resources, and implementing synchronized measures for disease prevention and disaster risk management in aquaculture production.

Vietnam’s fish cake and surimi exports show positive signs in early 2026

 |  09:49 20/04/2026

(seafood.vasep.com.vn) In the first two months of 2026, Vietnam’s exports of fish cakes and surimi exceeded USD 45 million, up 7% compared to the same period in 2025, indicating a positive outlook for this product segment amid recovering demand in many markets.

VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM

Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội

Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO

Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu

Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông

Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn

Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh

Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn

VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội

Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn

© Copyright 2020 - Mọi hình thức sao chép phải được sự chấp thuận bằng văn bản của VASEP

DANH MỤC