Mon. Oct 16 2017

Newfoundland Snow Crab Survey Likely to Show Further Decline According to DFO Biologists


Royal Greenland Looking to Buy More Snow Crab and Coldwater Shrimp Access, CFO Tells Japanese


Alibaba's New Hema Fresh Supermarkets Generating Overwhelming Response in China  


Kodiak May See a Small Tanner Crab Fishery This Year


Thai Union Forms New Management Structure in Europe Headed by Paul Reenan of John West


ANALYSIS: Traders Outlook Positive Amid New Seasonal Mahi Production  


American Fisheries Society Strongly Objects to EPA’s Recent Effort to Reverse its Own Protection of  


Tilapia Prices Drop after National Day and Mid-Autumn Festival in China  


Blue Revolution Promoting Seaweed Mariculture in Alaska


SeafoodNews.com Summary Monday, October 16


Fri. Oct 13 2017

Bering Sea Pacific Cod Quota May Drop by a Third for 2018


Walton Foundation Flops As NOAA Demands an Outrageous Paper They Funded on IUU Fishing be Retracted


Maryland Could Potentially Increase Imports of Egg-Bearing Female Crabs  


VIDEO: Codfather Vessels; Imports Block; Maine Lobster Catch; Red Snapper Plot; Salmon Ballot  


Aramark Working to Ensure 100% Of their Seafood Purchases Meet Seafood Watch Recommendations


Cook Inlet Salmon Fisherman Wins Alaska Seafood Marketing Institute’s Fishing Video Contest


Corporate Players Make Big Commitments At 2017 Our Ocean Conference


Barents Sea Cod Quota for 2018 Reduced For Russia and Norway  


SeafoodNews.com Summary Friday, October 13


Thu. Oct 12 2017

Few Bright Spots in Bering Sea Crab Outlook  


WDFW Permits Cooke Aquaculture to Transport Atlantic Salmon Eggs from Iceland  


How an Underwater Nursery Is Helping to Replenish Marine Fish Stocks


Trader Joe’s Stops Buying Mexican Shrimp as Part of Effort To Save Vaquita Porpoise From Extinction  


Wenzhou City Seafood Import Volume Grows, Primarily Due to Oysters  


Are Plant Based Salmon Feeds Lacking in Nutrients?  


SeafoodNews.com Summary Thursday, October 12


Wed. Oct 11 2017

Rafael to Keep Majority of His Vessels, Permits Despite Cheating, Judge Destroys NOAA Enforcement


Groundfish Forum Projects Slight Declines in Wild-Caught Whitefish Species in 2018  


Plot by Dept. of Commerce and Congressional Leaders to Gut Magnuson Revealed in Red Snapper Memos  


Early October Monitoring off Oregon Hints at Return to Normal Conditions, Low Domoic Acid Threat  


WPFMC Pushes Back Against Congressional Allegations of Lobbying, Procedural Problems  


National Fish & Seafood Accountant Pleads Guilty to Tax Fraud


PEI Oyster Fishermen Will Feel Impact of Smaller Oyster Seed  


Mass. Gov. Charlie Baker, Massport CEO Tom Glynn Honored For Support of Fishing Industry


Russian Fish Producers Prepare for Redistribution of Fish Quotas  


SeafoodNews.com Summary Wednesday, October 11


Tue. Oct 10 2017

Urner Barry Buys 100% of Seafood News


Port State Measures Agreement To Fight IUU Fishing Reaches 50 Members


A Sixth-Generation Maine Fisherman Tries His Hand At Farming Oysters  


SeafoodNews.com Summary Tuesday, October 10


Hema Fresh Brings Alaska Golden King Crab to China Market  


Iceland’s MSC Certifications Grow With Cusk, Wolf Fish, Blue Ling and Plaice  


Urner Barry’s Seafood Import Workshop is One Week Away


Mon. Oct 9 2017

SeafoodNews.com Summary Monday, October 9


Storm Brews Over New England’s National Monument Offshore


Insurance Industry Members Join Forces with Oceana to Take a Stand Against IUU Fishing


Echebaster Vessel Seeking MSC Certification Identified as IUU Fishing Violator by Maldives Ministry


China’s Seafood Imports Expected to Exceed 10 Million Tons by 2020  


ANALYSIS: August Imports of Frozen Cod Fillets From China Down 17.9% From Same Period Year Ago  


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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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