Anyone working in the aquaculture industry knows that the United States is the largest market for tilapia.
The American people's love for tilapia, a high-quality source of protein, has driven global tilapia trade.
Recent Trump tariffs have roiled the international trade market, leaving both American importers and exporters scrambling to stabilize their hard-earned businesses.
It's worth noting that the US-China tariffs have been postponed for another 90 days, giving many businesses some breathing room, but it's far from enough.
The US-China tilapia tariff is currently 55%, still significantly higher than in previous years, meaning consumers will pay the price for Trump's tariffs.
Back to the topic, what is the current situation in the Chinese aquatic product market?
While the United States is the largest export market, but not the only market in the world, so the Chinese market still remains stable.
Similarly, the United States has also turned its attention to other tilapia exporters. Although the quality is inferior to that of China, tariffs give them a cost advantage.
Regarding raw materials, due to a sharp drop in demand in the main US market, major raw material suppliers in southern China have reduced prices. These fish were farmed in the second half of this year.
Typhoon weather also is one of the reason. Tilapia prices will rise next year, as fish farmers are unlikely to raise as many tilapia.
This is the latest update on the Chinese tilapia market. That's all for today.
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