I. Preface:
Taiwan's cod industry has long been an important economic pillar for fishermen and related businesses.
However, the recent continuous decline in cod prices has caused great distress to fishermen.
The fact that a large cod weighing 50 pounds sold for only 5,500 pieces was a deep loss and raised concerns about the price of cod.
2. Spot a giant cod
2.1 Unexpected discoveries
Fisherman Xiao Li was working at sea when he stumbled upon a huge cod. This cod is huge and seems to be a rare bonus.
2.2 Weight and value of cod
After a simple measurement, fisherman Xiao Li found that the big cod weighed 50 pounds. Taking into account the market conditions, he estimated the value of the cod, but it was sold for a low price of 5500 yuan.
3. Price negotiations and losses
3.1 Commencement of Negotiations
Xiao Li, a fisherman with higher expectations for the big cod, negotiated a price with the buyer, but the results disappointed him.
3.2 Reasons for the decline in cod prices
Recently, the cod market has been oversupplied, resulting in a continuous decline in prices. Fishermen face weak demand as opposed to oversupply in the market, preventing them from obtaining better prices.
3.3 Price wars caused by excess supply
The increase in cod production areas and advances in fisheries technology have led to a significant increase in cod production, resulting in an oversupply of cod in the market. In order to compete for limited market share, fishermen lowered prices to compete, causing cod prices to fall further.
3.4 Failure of sales strategy
In the face of oversupply in the market and falling prices, the fishermen's sales strategy has not worked as it should. They need to think about how to change their sales strategy to get better prices.
Fourth, the impact of low cod prices
4.1 The plight of fishermen
The low price of cod has caused serious economic hardship for fishermen. Their incomes are dwindling, their livelihoods are threatened, and many fishermen are forced to find other ways to earn a living.
4.2 Chain reaction of the industrial chain
Other links in the cod chain have also been affected by low cod prices. Fishing gear manufacturers, processing plants and other related enterprises are also facing problems such as reduced orders and reduced capacity utilization, and the entire industrial chain has been impacted.
4.3 Impact on Taiwan's Economy
The cod industry has always been an important part of Taiwan's fishing industry, and the low price of cod not only directly affects the income of fishermen, but also has a certain negative impact on Taiwan's economy as a whole.
4.4 Exploration of sustainable development
In the face of low cod prices, fishermen and related enterprises need to actively find solutions to promote the sustainable development of the industry. Only on the basis of developing new market demand, increasing the added value of products, and strengthening industrial cooperation and coordination can the cod industry be expected to get rid of the dilemma of low prices.
Fifth, find solutions
5.1 Tap into new market needs
Fishermen can open up more sales channels by expanding the consumer market for cod. For example, we will develop new application areas for cod products and promote the diversified use of cod to meet the needs of different consumer groups.
5.2 Increase the added value of products
Through processing, packaging and other methods, increase the added value of cod products and increase the brand premium of products. Fishermen can work with processing plants to develop more high-value-added cod products and improve market competitiveness.
5.3 The two sides will strengthen industrial cooperation and coordination
Fishermen can strengthen cooperation and coordination with relevant enterprises, industry associations and government departments to jointly explore ways to solve the problem of low prices. Through joint efforts, we will find effective ways to increase the price of cod and promote the healthy development of the entire industrial chain.
VI. Summary:
In the face of the continuous decline in cod prices, fishermen and related enterprises need to recognize the situation and actively seek solutions to promote the transformation and upgrading of the cod industry.
By tapping into new market demand, increasing the added value of products, and strengthening industrial cooperation and coordination, the cod industry is expected to get rid of the dilemma of low prices and achieve the goal of sustainable development.