Tue. Feb 21 2017

Grieg Posts Record 4Q Earnings on Strong Salmon Prices, Higher Production  


Perciformes’s First Harvest of Farmed Sablefish Off To Market


Mon. Feb 20 2017

Iceland's Commercial Fishermen Resume Fishing as Labor Deal Gets Narrow Approval  


Russia's Quota Incentive Program Does Not Spur Crab Producers to Place Domestic Shipbuilding Orders  


PODCAST: India Carries US Shrimp Imports to Record; Snow Crab Prices Smash Records Before Boston  


Handy Seafood Launches Line of Value Added Oysters in Time for Boston Show


Effective Management Can Navigate Climate Impacts on the Fisheries


Seafood.com News Summary Monday February 20, 2017


Fri. Feb 17 2017

Red Chamber to Allow Federal Observers Aboard its Red Shrimp Boats in Argentina to Meet FIP Goal  


Feds to Analyze Environmental Impacts of Western Pacific Longline Fisheries for Bigeye and Tuna  


Scientists Find Extreme Forage Fish Populations are Natural, Likely Unavoidable


Sharp Increase in Iceland's Capelin Quota Could End Fishermen's Strike


Bumble Bee Adds Flavors and Launches Snack Kit Packaging to Tuna Pouch Lineup


Bojangles' Features Alaska Pollock Fish Sandwich for Lent


Great Eastern Seafood Celebrates 35 Years in Business With First Boston Show Exhibit Since 1992


Seafood.com News Summary Friday February 17, 2017


Thu. Feb 16 2017

IATTC Makes Progress on Decreasing Effort on Bigeye and Yellowfin Tunas


Seafood.com News Summary Thursday February 16, 2017


Wed. Feb 15 2017

How Alaskans Forced Snow Crab Prices Above $8.00; This Price Likely to Carry Through to Boston   (1) 


Marine Harvest Doubles Earnings in 2016; Adding Processing, Farming Sites to Grow N. American Sales  


China Update: Tilapia Processors Restart with Stable Prices; Shrimp Production Above Expectations  


HB Grandi Says Japan's Roe Market Could Benefit as Iceland Raises Capelin Quota to 299,000 MT


Second Alaska Buyback Program for Southeast Seine Permits Not Approved  


Hokkaido Crab Dealer Goes Bankrupt After Russia Tightens Crab Enforcement  


Pacific Andes Confirms Insolvency Proceedings Have Started for One Subsidiary


China's Xuzhou Jinjiangfoodstuffs Becomes First Crawfish Producer to Earn BAP Certification   (2)


Samherji-Owned Íslandsbleikja Gets Arctic Char Processing Plant in Iceland BAP Certified


US Foods Acquires Assets to Rhode Island Broadline Distributor All American Foods


Seafood.com News Summary Wednesday February 15, 2017


Tue. Feb 14 2017

Russian Fishery Co. Plans Major Pollock Expansion with Chinese Backing  


Krystal and King & Prince Seafood Partner Up to Bring Back Shrimp Po' Boys for Lent  


Fishery Tensions Rise Between China and South Korea after Korean Landings Hit Record Lows


Rain Forest Aquaculture Gets Three-Star BAP Certification at Fresh Tilapia Facility in Costa Rica


World Bank Report Says Fisheries Reform with Catch Limits Shows Promising Results


Seafood.com News Summary Tuesday February 14, 2017


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How Alaskans Forced Snow Crab Prices Above $8.00; This Price Likely to Carry Through to Boston

Reports from Japan say “Bering Sea Opilio Prices are escalating wildly above $8.00” due to the production cutback in Alaska. As a result, wholesale snow crab prices in Japan have smashed all records, and are up about 50 percent over last year. Traders think the $8.00 per pound prices will also be on offer at the Boston Seafood Show. However, they hold out hope for an early opening of the Canadian Gulf season, especially if ice conditions are not severe this year. As far as snow crab buyers go, all eyes are on the opening of the Gulf and Newfoundland seasons writes John Sackton.

Marine Harvest doubled its earnings in 2016 as the operator benefitted from strong global demand for limited inventories of high-priced salmon. “2016 was a great year for Marine Harvest, with both record earnings and cash flow generation. I am very proud of the work all our colleagues have put in to achieve these results,” said Marine Harvest CEO Alf-Helge Aarskog.  The world’s top salmon producer also announced plans to expand its market share in North America with a new processing facility and farming sites in Canada. 

In other news, tilapia processing plants have started back to work after the Chinese New Year. But output is still low. The market situation in 2016 has taken a toll on farmers feeding and stocking of tilapia, which has meant stable prices amid small supplies. Meanwhile, white shrimp production in sheds, or roof covered ponds, exceeded expectations in South China, with the result that for the first time in several years there was no major price increase on shrimp during the New Year festival.

Iceland’s Ministry of Fisheries raised its commercial capelin quota to 299,000 metric tons, which is a sharply higher quota compared to last year. Major Iceland fishing company HB Grandi is among the key capelin harvesting companies in the country and said the higher quota should benefit Japan's roe market. "There is strong demand for roe-bearing capelin on the Japanese market and as stocks are low, roe prices are high," said Garðar Svavarsson, head of HB Grandi's pelagics division.

Finally, the votes fell short for a second round of Southeast Alaska salmon seine permits to be retired, or bought back, by a federal loan. The referendum failed by 26 votes among 315 eligible to participate

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