Read more at https://www.channelnewsasia.com/news/singapore/malaysia-seafood-export-limits-not-likely-to-have-significant-11045838
(Updated: )
Ricky Lim
Last year, Malaysia's exports of these six species of seafood were less than 10 per cent of Singapore's total seafood supply, said AVA.
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See, the old hat has not much leverages against us.
We have already diversified all our risks - water, food sources etc very well.
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See, the old hat has not much leverages against us.
We have already diversified all our risks - water, food sources etc very well.
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Ricky Lim
Singapore is "well-prepared" for Malaysia's temporary restrictions.
The twice-a-year export bans have had "no impact to our fishery industry".
Singapore gets its seafood from other countries including Indonesia, Vietnam and Thailand.
Indonesia is the Republic's biggest seafood supplier, accounting for between 40 and 50 per cent. "There is no need to worry about not (having) enough fish,"
The twice-a-year export bans have had "no impact to our fishery industry".
Singapore gets its seafood from other countries including Indonesia, Vietnam and Thailand.
Indonesia is the Republic's biggest seafood supplier, accounting for between 40 and 50 per cent. "There is no need to worry about not (having) enough fish,"
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Ricky Lim
We should take this opportunities to diversify away from the "troubled food supply sources" - so that we will suffer less shock created by this troubled food source time and again.
eg. eggs and this seafood.
eg. eggs and this seafood.
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Ricky Lim
Zhangzidao Group, a China-based seafood distributor with a marine farm three times the size of Singapore, has ambitious plans:
Zhangzidao will establish a hub in the Republic, its first outside China, which will also be used as a regional base for its seafood supply.
Zhangzidao is working with local partner Sin Hin Frozen Food to set up operations and is in discussions with the Economic Development Board to secure factory space here.
Listed on the Shenzhen Stock Exchange since 2006, Zhangzidao is China’s largest high-value seafood distributor, with a market capitalisation of about 10 billion yuan (S$2.2 billion). Its frozen products and prepared foods are exported to more than 20 countries and regions, including the United States, Canada, Australia, South Korea and Japan. Established in 1958, the group owns the world’s largest marine ranch of more than 2,000sqkm in the northern part of the Yellow Sea. In comparison, Singapore has a total land area of 719.1sqkm.
“One reason we chose Singapore as a regional hub is that Singaporeans really love seafood and we wanted to bring our products to them,” said Zhangzidao chairman and president Wu Hougang. Zhangzidao, adding that these will be sold at affordable prices.
“Another reason is that Singapore is a world-class location. With the establishment of the hub here, our brand can be better known to the international audience.”
Zhangzidao will establish a hub in the Republic, its first outside China, which will also be used as a regional base for its seafood supply.
Zhangzidao is working with local partner Sin Hin Frozen Food to set up operations and is in discussions with the Economic Development Board to secure factory space here.
Listed on the Shenzhen Stock Exchange since 2006, Zhangzidao is China’s largest high-value seafood distributor, with a market capitalisation of about 10 billion yuan (S$2.2 billion). Its frozen products and prepared foods are exported to more than 20 countries and regions, including the United States, Canada, Australia, South Korea and Japan. Established in 1958, the group owns the world’s largest marine ranch of more than 2,000sqkm in the northern part of the Yellow Sea. In comparison, Singapore has a total land area of 719.1sqkm.
“One reason we chose Singapore as a regional hub is that Singaporeans really love seafood and we wanted to bring our products to them,” said Zhangzidao chairman and president Wu Hougang. Zhangzidao, adding that these will be sold at affordable prices.
“Another reason is that Singapore is a world-class location. With the establishment of the hub here, our brand can be better known to the international audience.”
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