Eel News
Anguilla Japonica
There was a very significant production of glass eels last season. The estimate for whole of Asia is in the order of 80 tonnes production. The price started high at 40 CNY per piece dropping to 7 CNY by the end of season. Japan actually stopped fishing for a week, in order to manage the oversupply.
However, the farming of the eels is not going as well as expected this year. There was an increased uptake of glass eels to meet Olympics’ demand which never materialised. At the moment, the price of large eel is still high But it is expected that the price will drop by the end of year.
With reduction in supply of Anguilla anguilla this year more Anguilla japonica will be farmed in China to replace some of the loss of stocks of Anguilla anguilla.
Exchange Rate: 1 EUR = 7.98 CNY (05/10/2020)
Anguilla Rostrata
Season has already started in Haiti. The prices were exceptional last year, at 5000-7000 USD per kg, partly stimulated by the Canadians banning exports. Production this year is similar to last year, but the price is half of last year, at around 2700-3000 USD per kg, which is back at a normal price. The issue of Canadian exports and the fishing rights of the indigenous people has not been resolved, The market will be short of 4-5 tonnes glass eels, if the ban continues.
Anguilla Anguilla
In July, some 10 traders involved in illegally trading of Anguilla anguilla in China have been rounded up and incarcerated. Investigations are ongoing in China and in Europe. There have been so far no trials in China. It is rumoured that for those found to be guilty, jail sentences will be in the order of 10 years. There is an expectation that there will be further arrests in Europe as a result of these investigations in Asia. It is not clear whether attempts will be made to extradite people from France.
It will be a brave operator who has the courage to send glass eels to China this or in future years but no doubt someone will try.
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