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Saturday, December 25, 2010

China's aquatic products output to rise 4.6 pct start in 2011

China's aquatic products output to rise 4.6 pct start in 2011

China's aquatic products output will rise 4.6 percent year on year to 53.5 million tonnes this year, a Ministry of Agriculture (MOA) official said Thursday.

Despite an unfavorable global economic environment and China being hit by several natural disasters this year, the country's fishery sector grew at a steady pace, MOA Fisheries Bureau director Zhao Xingwu said at a national fishery work conference.

The wholesale price of aquatic products rose 8.5 percent year on year to 16.41 yuan per kilogram in the first 11 months of the year, Zhao said.

Customs data shows aquatic product exports rose 25.5 percent year on year to 10.66 billion US dollars in the first 10 months, equivalent to 2.59 million tonnes of aquatic products.

Imports and exports totaled $15.99 billion, equivalent to 5.5 million tonnes of aquatic products, in the same 10-month period.

Zhao said China's seafood trade has recovered from the 2008 financial crisis.

He predicted that the 2010 exports will rise 16.8 percent year on year to hit 12.5 billion US dollars, a record high.

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