The price of Golden Pompano is stable high but why the demand and market are going well?

After February 24th, 2024, the golden pompano still maintains a good situation of high price operation, and the current stock of fish is limited, and most distributors have almost no inventory in the freezer.

The price from distributors is generally above 21CNY/500g.In golden pompano’s market,the production ,price and demand are stable.

The price of fresh golden pompano in Zhanjiang ,Guangdong province is 23 CNY/500g. The price of fresh golden pompano with 600g in Guangxi is 24.5 CNY/500g, and the price of fresh golden pompano with around 500g in Hainan is 21.8 CNY/500g, the golden pompanos are in a high and stable state.

At present, the price of golden pompano is mainly affected by the fluctuation of supply and demand.Since golden pompano is in the end of the corresponding breeding season, the current storage volume in Guangdong, Guangxi and Hainan is relatively limited, but the demand of live and frozen products and channels of supplying are relatively stable. Therefore, the rhythm of fish production is more stable and farmers will not easily offer fish at a low price.

In the past two years, the confidence gradually established by the golden pompano farmers is also a major reason for the stability of the circulation price of golden pompano.

After the industry reshuffle in recent years, especially in the past few years, there were many a group of cross-industry to join the golden pompano farming people quit, now the farmers in the industry are engaged in more than 10 years of farming professionals, regardless of the market is good or bad, they will still engage in golden pompano farming.So with the efforts of many practitioners, the golden pompano industry has been well maintained in the past two years, and the suppliers are more to match the market demand for fish, and less to sell a large number of fish due to bad financial or competitive psychology.

At the beginning of 2024, the export orders of golden pompano decreased significantly, and more foreign importers were in a wait-and-see state.

It is reported that golden pompano products with lower prices were more concentrated into foreign markets during harvest season and the Spring Festival, so the main foreign markets currently have relatively large inventories.

However, due to the pull of raw material prices in the Chinese market, compared with the end of 2023, the export price of golden pompano has increased by more than 1000 yuan/ton, and the price of large size fish has even increased by 1500 yuan/ton.

After the 1st,April, the season of breeding golden pompano season will begin.Driven by the good market in the past two years, the industry generally believes that the enthusiasm of farmers is better