IN BRIEF - Successful Auction in China: 112 Tons of Argentine Illex Squid Sold!
CHINA
Thursday, November 28, 2024
The first special auction hosted on the "Ocean Cloud+" service platform by Zhejiang Zhoushan International Agricultural Products Trading Center (Zhejiang Agricultural Center) at the Zhoushan Ocean Fishery Base concluded successfully.
This event featured 112 tons of Argentine illex squid caught by Ocean Family in the Southwest Atlantic Ocean. It attracted participation from over ten trading and processing companies within and outside Zhoushan, while nearly 100 viewers watched the entire bidding process via a live broadcast.
The auction employed a "base price increase" model. After 21 rounds of competitive bidding, the squid was sold at a final price of 38,250 yuan (USD 5,280) per ton, achieving a total transaction value of 4.284 million yuan (USD 591,157) and a premium rate of 6.25%.
To ensure transparency, fairness, and equity, the Zhejiang Agricultural Center leveraged its official website, WeChat public account, and other platforms to disseminate bidding information and transaction rules beforehand. The entire bidding process was live-streamed, safeguarding the legitimate interests of both buyers and sellers.
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Source: The Fish Site | Read the full article here
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