December 2, 2019 — Exporters in China’s key tilapia producing region of Hainan have been able to hold onto their sales to the United States despite ramped-up tariffs now reaching upwards of 25 percent, according to Alno Wu, head of overseas sales at Hainan Sky-Blue Ocean Foods Co (SBO).
Wu said firms like his, a vertically integrated firm processing tilapia in Hainan Province, are doing so thanks to lower prices, which they have been able to offer due to a surge in production across the province. Projections of stricter enforcement of environmental regulations leading to lower production have not come to pass, as thus far, Hainan has gotten greater leeway in implementation than other regions, according to Wu.