
Qianjiang crayfish in high demand
With a flashlight strapped to his wrist and clad in waterproof overalls, Ding sets off in his small boat to begin his daily routine. One by one, he hauls up cages wriggling with red, armored crustaceans destined for dinner tables across the country.
By the time he finishes checking all 60 mu (4 hectares) of his ponds, the sky begins to pale. On the shore, seafood buyers are already waiting.
"When it gets hot, crayfish burrow into the mud to avoid the sun, so the catch drops," Ding said. "But it doesn't matter. Whatever I catch sells out. Qianjiang crayfish have a name. There's never a shortage of demand."
This year marks his ninth season in the business. Last year, his profits topped 5,000 yuan ($701) per mu. And with feed costs down and yields rising, he expects this year will be even better.
In Qianjiang, this optimism runs deep. Every summer, the little crustaceans become a big business and a way of life.
Much of Ding's morning haul will end up at the China Crayfish Trading Center on the city's outskirts. By 5 am, the facility is abuzz. Workers sort, weigh and pack live crayfish for same-day shipment to restaurants and markets nationwide.
Seafood vendor Wei Xiaotao monitors real-time prices on his phone through a digital platform that tracks supply and demand across over 30 production bases and major consumer cities.
"Farmers and traders can adjust their harvesting times and volumes based on price trends," Wei said. "It helps us better manage risks."
Some of Qianjiang's crayfish skip the fresh market and head straight for processing. At local factories, they're peeled, fried, seasoned and packaged, destined for shelves in Europe and the United States. Others are refined into high-value ingredients such as chitosan and chitin, which are used in pharmaceuticals, food and cosmetics, extending the value chain further.
Qianjiang is now home to 48 crayfish processing enterprises, with a combined annual handling capacity of 800,000 metric tons.
Qianjiang is located on the Jianghan Plain, a major producer of rice, cotton, fish and shrimp. With fertile land and a large network of rivers and lakes, the plain is an ideal habitat for crayfish.
The species is native to North America and was introduced to East China's Jiangsu province by a Japanese merchant, appearing in the plain in the 1980s. Locals found the shellfish tasty and soon turned them into big business.
In 2024, the city sold more than 200,000 tons of live crayfish. In the first half of 2025, it recorded a trade of 177,000 tons, and the full-year volume is expected to reach a record high.
To sustain growth, Qianjiang is pushing for technological innovation and year-round supply. In 2023, the Hubei provincial government launched a 10-point action plan to promote the high-quality development of the crayfish sector. Measures include those related to improving breeding systems, forming expert panels and developing new varieties. - China Daily/ANN

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Malay Mail
a few seconds ago
- Malay Mail
Ringgit closes higher versus greenback, regional currencies
KUALA LUMPUR, Aug 21 — The ringgit closed higher against the US dollar and its regional peers amidst cautious sentiments, after the United States Federal Open Market Committee (FOMC) meeting minutes revealed that almost all participants supported keeping the interest rate unchanged. At 6pm, the local note rose to 4.2235/2275 against the US dollar from yesterday's close of 4.2250/2290. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said FOMC minutes last night showed that the US Federal Reserve (Fed) is maintaining its current stance as it continues to learn about the impact of the tariff shocks on inflation. 'But the dissenting views by two FOMC members who opted for a 25 basis points cut in the last meeting suggest that the impact from the tariff hike on inflation is expected to be transitory. 'We shall see whether these views would reverberate among the FOMC members as they learn from the incoming data,' he told Bernama, adding that market players will closely monitor the policy signals from the Fed's Jackson Hole Economic Policy Symposium tomorrow. At the close, the ringgit settled mostly higher against a basket of major currencies. It rose versus the British pound to 5.6899/6953 from 5.7033/7087 on Wednesday and inched up vis-à-vis the Japanese yen to 2.8595/8626 from 2.8648/8677 yesterday, but dropped against the euro to 4.9226/9263 from 4.9196/9242 previously. At the same time, the local note traded higher against other Asean currencies. It strengthened versus the Singapore dollar to 3.2819/2853 from 3.2864/2898 at Wednesday's close, gained against the Thai baht to 12.9460/9638 from 12.9756/9935 yesterday, edged up vis-à-vis the Indonesian rupiah to 259.2/259.6 from 259.6/260.0 and inched up against the Philippine peso to 7.40/7.42 from 7.41/7.42 yesterday. — Bernama


New Straits Times
7 hours ago
- New Straits Times
Japan's Nikkei falls as tech shares track US peers lower
TOKYO: Japan's Nikkei share average fell on Thursday as investors sold stocks to book profits from a recent rally, with technology stocks tracking US peers lower. As of 0215 GMT, the Nikkei dropped 0.5 per cent to 42,689.22. The index is headed for a third straight session of decline, slipping from record highs hit earlier this week. The broader Topix slipped 0.42 per cent to 3,085.78. "Investors kept selling stocks to book profits, but some investors who were not able to buy shares during the rally picked up stocks on the dip... (which) capped the Nikkei's losses," Shinkin Asset Management's senior fund manager Naoki Fujiwara said. Chip-making equipment maker Tokyo Electron fell 2 per cent and technology investor SoftBank Group lost 2.05 per cent. On Wall Street, the Nasdaq and S&P 500 fell overnight as investors sold tech stocks and moved into less highly valued sectors. Drugmaker Daiichi Sankyo lost 5.75 per cent to become the worst performer among the 225 stocks on the Nikkei. Bucking the trend, shares of chip-testing equipment maker Advantest rose 1.95 per cent, rebounding from a 5.6 per cent loss on Wednesday. Cable makers, considered a gauge for demand for data centres, rose, with Furukawa Electric and Fujikura gaining 1.54 per cent and 1.28 per cent, respectively. The market awaited remarks from Federal Reserve Chair Jerome Powell, who is expected to speak on Friday at the Fed's annual conference in Jackson Hole, Wyoming, for policy signals. Investors have been pricing in a 25-basis-point rate cut in September, according to data compiled by LSEG. Shinkin Asset's Fujiwara said the market already priced Powell's dovish comments, so remarks that are in line with expectations may trigger a sell-off in local stocks next week. "For the Nikkei to rise further, the market needs to confirm the Fed's rate cut in September, and the fate of Japanese politics and Japanese corporate outlook for the second half of the year," Fujiwara said.


New Straits Times
7 hours ago
- New Straits Times
Dollar drifts, Asian stocks mixed as markets brace for Jackson Hole
TOKYO: The US dollar hovered below a one-week high on Thursday and Asian stock markets were broadly mixed as investors braced for three days of potentially market-moving news from the Federal Reserve's annual symposium in Jackson Hole. Central bankers from around the world will attend the event, which begins later in the day, although the key focus will be Fed Chair Jerome Powell's speech on Friday as traders look for clues on the chances of a September rate cut. Japan's Nikkei drooped 0.6 per cent in the morning session, retreating further from the record peak reached on Tuesday. Despite a tech-led selloff on Wall Street overnight, Japanese chip stocks were a mixed bag, with Advantest up 3 per cent while Tokyo Electron dropped 2 per cent. South Korea's KOSPI bounced 0.9 per cent after dipping to a six-week low on Wednesday. Australia's benchmark gained 0.6 per cent and renewed an all-time high. Mainland Chinese blue chips gained 0.5 per cent, although Hong Kong's Hang Seng was largely flat. US stock futures pointed lower, with Nasdaq futures sagging 0.2 per cent and S&P 500 futures easing 0.1 per cent. Overnight, the Nasdaq Composite slid 0.7 per cent and the S&P 500 cash index slipped 0.2 per cent. "There remains a bearish skew for equities at the moment," said Kyle Rodda, an analyst at "Equity prices are beginning to reflect the risk of disappointment at Jackson Hole, with doubts circulating about whether the Fed will pivot as aggressively in the dovish direction implied by rates markets - or even pivot at all." Traders currently lay odds of about 80 per cent for a quarter-point Fed rate cut on September 17, and price in a total of 52 basis points of easing over the rest of the year. This time on Wednesday, the odds for a cut next month stood at 84 per cent. Fed Chair Powell has said he is reluctant to cut rates because of expected tariff-driven price pressures this summer. Minutes out overnight from the Fed's July gathering, when policymakers voted to keep rates steady, suggested that Fed Vice Chair for Supervision Michelle Bowman and Governor Christopher Waller were alone in pushing for a rate cut at the meeting. Traders ramped up bets for a September cut following a surprisingly weak payrolls report at the start of this month, and were further encouraged after consumer price data showed limited upward pressure from tariffs. However, a hotter-than-expected producer price reading last week complicated the policy picture. Traders aren't looking at macroeconomic data as the only potential influencer of monetary policy direction, with President Donald Trump again exerting pressure on the central bank overnight. After continuing his attacks on Powell earlier in the week for refraining from cutting rates, Trump on Wednesday targeted Fed Governor Lisa Cook, demanding she resign amid allegations of wrongdoing connected to mortgages on properties she owns in Georgia and Michigan. Cook said she had "no intention of being bullied to step down". Trump's push for more control over the Fed unnerved investors earlier in the year, sending the dollar tumbling. The currency has largely taken the latest developments in stride though, and the dollar index was steady at 98.252 on Thursday, after grinding to the highest since August 12 at 98.441 a day earlier. "The broader implication is rising tensions between the Fed and the US administration," said Rodrigo Catril, a strategist at National Australia Bank. "Trump's push to confirm Stephen Miran could add another vote for cuts in September, and if he was to successfully remove Cook, the Fed Board could end up with four members out of seven supporting his lower rates call." Trump nominated Council of Economic Advisers Chair Miran as a Fed governor earlier this month, following the surprise resignation of Adriana Kugler. US 10-year Treasury yields were steady at 4.2965 per cent in the latest session. Japanese government bond yields edged higher though, with the 20-year yield advancing to 2.655 per cent for the first time since late 1999. Among other things, investors are wary of increased fiscal spending amid growing pressure for the Japanese prime minister to step down. The dollar traded little changed at 147.41 yen. The euro and sterling were flat at US$1.1647 and US$1.3458, respectively. Bitcoin continued to claw its way back from a 2-1/2-week low reached Wednesday at US$112,386.93, edging up to around US$114,690. Gold eased slightly to around US$3,342 per ounce. Oil prices edged higher as larger-than-expected declines in crude oil and fuel inventories in the US supported expectations for steady demand. Brent crude futures were up 0.5 per cent to US$67.19 a barrel, after gaining 1.6 per cent in the previous session. US West Texas Intermediate (WTI) crude futures rose 0.6 per cent to US$63.10, after climbing 1.4 per cent on Wednesday.