Seafood prices continued to plummet with increased catches reported after the end of a two-month fishing ban in the South China Sea.
Supplies of seafood at seven key wholesale markets reached 142 tonnes yesterday, a 23 per cent increase, Fish Marketing Organisation general manager Edward Lai Kwok-yan said.
'The average price of fish and seafood has gone down about 20 per cent. The price may continue to fall in the following week as more vessels return.' Shrimp and crab prices fell by 40 to 50 per cent.
However, rates for high-priced fish rose, as many vessels had not yet returned and supply was still limited.
Fish stocks accumulated at markets as the result of the sudden increase in catches, and vendors complained they were over-supplied.
'We have actually lost money in this 'fish rush' fever. The supply of low-priced seafood has overtaken demand,' said Choi Kee, a vendor at the Kee Kee fish stall at Mongkok market.
