Mon. Apr 24 2017

Cautious Optimism About Recovery of Canada's Northern Cod Stocks Noted During Meeting in Brussels  


About 500 Walmart Stores in Midwest Market to Carry The Salmon Man's Norwegian Salmon Portions  


Newfoundland's Fisheries Minister Supports $14 Million Federal Commitment to Study Cod Stocks  


Marine Harvest Canada Selects Poseidon Ocean Systems to Build 29 Salmon Pens Around Vancouver Island  


VIDEO: Gulf of St. Lawrence Snow Crab Quota Beats Expectations; European Whole Salmon Floods US  


Vietnam Fails to Score Big in Egyptian Fish Market


Southeastern Grocers, Pole-and-Line Foundation Join in Retail Effort  


Panera to Hire 10,000 as it Expands Delivery Service


Seafood.com News Summary Monday April 24, 2017


Fri. Apr 21 2017

NMFS Put Councils on Notice About Overfishing or Overfished Conditions on Bigeye, Four Other Stocks


Icelandic Group Puts Major UK Seafood Distributor Seachill Up For Sale


Russian Pollock Producers Plan to Grow Exports to EU Market 40% by 2019  


Newfoundland Fisherman Continues Hunger Strike Protest After Call From Minister


Westward Seafoods Settles with EPA Over Clean Air Act Violations


Seafood.com News Summary Friday April 21, 2017


Thu. Apr 20 2017

PWS Pink and Chum Salmon Get Determination of MSC Sustainability Prior to Public Objection Period  


Greenpeace Tuna Ranking Charade a Market Opportunity for Some Retailers Not a Sustainability Advance  


Scientists Spawn Pacific Sardines In Captivity; Results Could Inform Potential for Good Fishing  


Peru Hikes Anchovy Quota 1 Million Metric Tons With Season Set to Start on April 22  


Chesapeake Bay's Spawning Female Blue Crab Stocks at Highest Level in 28 Years   (0) 


Marine Harvest's Q1 Production Falls 13% in 2017 But Earnings Double from a Year Ago  


Feds Close Flatfish, Rockfish, Sablefish Trawling in Gulf of Alaska 2 Weeks Earlier Than Last Year


American Shrimp Processors Assoc. Backs "Buy American" Executive Order  


Portion of Kodiak Sac Roe Herring Fishery Temporarily Shut Down for Lack of Fish  


Seafood.com News Summary Thursday April 20, 2017


Wed. Apr 19 2017

European Whole Salmon Floods US and Cuts into Canada's Market Share  


West Coast EFP Successfully Targets Pelagic Rockfish with Minimal Bycatch


Russia Squeezed by High Salmon Prices as Chilean Companies Cut Back Shipments  


Letters: Laitram Says Steam Cookers Catching on In NB Crab Industry with Quality Advantages  


VIDEO: Gulf of St. Lawrence Snow Crab Quotas Announced  


Seafood.com News Summary Wednesday April 19, 2017


Tue. Apr 18 2017

Japanese Crab Negotiations with Newfoundland Full of Uncertainty  


Seafood.com News Summary Tuesday April 18, 2017


NFI's Shrimp Council Partners with Popular Food Blogger Chungah Rhee to Promote Shrimp Consumption  


Kroger Backs WWF with $50,000 Donation as Part of Earth Month Sustainability Campaign


Mon. Apr 17 2017

The Smokehouse of NY Recalls Smoked Salmon and Fish Products Over Listeria Concerns  


High Liner Recalls Captain's Crew Fish Strips for Undeclared Allergen


Thai Union CEO Thiraphong Chansiri to Run Virgin London Marathon in Support of WWF-UK


Fortune Fish Expands into E-Commerce Seafood Sales With Deal to Buy Lobster Gram  


Seafood.com News Summary Monday April 17, 2017


Indonesian Canned Tuna Producer PT Bali Maya Permai Joins ISSF  


China’s Tilapia Industry Faces Moment of Truth at Volume Remains Flat and Prices Fall  


New Zealand's Most Controversial Fishery Deemed Sustainable by Global Body  


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Some Newfoundland Snow Crab Plants Attempting to Settle with Japanese at $6.95 FOB St. John’s

Major Newfoundland snow crab packer Quinlan Bros. announced their first contract with Japanese buyers. The company has agreed with Maruha Nichiro on a first order for 1000 tons, packed to Japanese specifications, at a price of $6.95 FOB St. John’s. The Quinlan Bros. now have a state-of-the-art plant since rebuilding the Newfoundland facility after a fire razed the plant just before the start to the snow crab season last year. The destruction of the plant created a chaotic situation in the snow crab market last year as Japanese buyers had to scramble to fill orders that they thought were solid. There are several other major plants in Newfoundland that have agreed to sell at this same price, but as of press time, no additional contracts have been publicly announced. There certainly is a strong desire for more orderly Japanese purchasing this year, on the part of both crab producers and their major Japanese partners writes John Sackton.

Record high prices for many popular seafood items in the US market are likely to support more shrimp consumption in 2017 given the item's relatively stable price and a strong supply outlook.A look at Urner Barry quotations show high market prices for salmon, snow crab, king crab and mahi-mahi. Compared to these other seafood species, the shrimp market represents a value and could be used as a replacement item on restaurant menus and among retailers.

In other news, the normalization of trade relations between China and Norway has salmon producers in Norway looking to expand sales to the Chinese market. The industry is looking for new markets and new ways to boost margins. One such example is Marine Harvest cooperation with Alibaba Group Holding Ltd., China’s biggest e-commerce company, to sell salmon online. “China is too big to ignore,” Hogne I. Tyssoy, portfolio manager of the Holberg Triton fund, said “Now when it’s opening again, Norwegian seafood has an exciting future in China.”

Meanwhile, Indian shrimp exports are likely to benefit from lower duty rates the US Department of Commerce preliminarily announced in March. The 1.07 percent country-wide rate would result in some refunds for several exporters if finalized. "Because of the duty being lowered, a lot of major exporters will stand to get duty refunds which will be a big boost for the exports," said Rajen Padhy, director general of Utkal Chamber of Commerce and Industry and a seafood consultant.

Finally, Red Lobster continues to expand to international markets. It has built 21 restaurants internationally since its spun off from Darden Restaurants in 2014. The company has expanded to Mexico, Ecuador and Saudi Arabia among other markets. Red Lobster hasn't built a new restaurant in the US over two years and doesn't have any immediate plans for new American locations.

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