Mon. May 22 2017

Ecuadorian Shrimp Exports at Record Level in 2017 as Sales to Asia Dominate Market Share  


F/V America's Finest, Largest Catcher Processor Built in US in 30 Years, May Need Jones Act Waiver


First Copper River Opener Took Nearly Half the Chinook Forecasted Harvest and 36,000 Sockeye  


PODCAST: Canada’s Snow Crab Market Stabilizes and China’s Era of High Shrimp Output Fades  


Seafood.com News Summary Monday May 22, 2017


Fri. May 19 2017

First 22,000 Lbs of Copper River Salmon Lands in Seattle; 77,000 More Lbs. Expected Today  


VIDEO: Canada’s Snow Crab Market Stabilizes as the Era of High Chinese Shrimp Output Fades  


New England Fisheries Council to Consider Deep Sea Coral-Protection Rules


Seafood.com News Summary Friday May 19, 2017


Thu. May 18 2017

NE Fisheries Scientists Expect Drastic Changes as Gulf of Maine and Georges warm 7 to 9 degrees


USDA Adopts FDA Definition of Processing for Domestic Catfish Operators and Limits Inspections  


Facing Headwinds on European Standards, Russia's White Fish Producers Turn to Brazil  


Ecology Action Centre Says Suspension of Offshore MSC Certificate 3Ps Cod Confirms Objections  


Alaska's Sablefish Population Bigger Than Thought Due to Better Understanding of Whale Take  


No Relief Funds for 2016 Pink Fishery, Salmon Season Opens Today  


Lidl to Sell MSC, ASC and BAP Certified Seafood as Discount Retailer Expands to US Market


Brad Bodenman Announces Retirement as CFO of American Seafoods


The Fishin' Company is Ready to Support Aquaculture Expansion Across Southeast Asia


Maine Center for Coastal Fisheries Names Paul Anderson Executive Director


Oregon State Partners with NIOSH to Focus on Maritime Safety  


Seafood.com News Summary Thursday September 18, 2017


Wed. May 17 2017

Era of High Shrimp Output in China is 'Gone Forever'  


Spike in Mortalities Prompts Voluntary Suspension of MSC Certification for NL's 3Ps Cod Stock  


2017 Copper River Season Starts Tomorrow: Expect Fresh Sockeye But Few Chinook  


First Ever Bristol Bay Fish Expo to Be Held June 9-10


Congressional Seafood Names Matthew Berrie as Food Safety Director  


CDFW Director Extends Rock Crab Closure Due to Domoic Acid  


Salmon Season Threatened by Budget Impasse  


WWF Says Vaquitas Could Go Extinct by 2018 But Ignores Efforts Underway to Try and Save Them


SeaShare Partners with Native Association to Donate Pollock to Communities in Bristol Bay  


2017 Copper River Season Starts Tomorrow: Expect Fresh Sockeye But Few Chinook  


Seafood.com News Summary Wednesday May 17, 2017


Tue. May 16 2017

Tuna Price Fixing Civil Suit Picks Up as Wal-Mart, Other Retailers File Amended Complaints   (0) 


North Atlantic Inc: First U.S. Company Commits to Lofty U.N. Oceans Sustainability Goal   (0)


Bob O’Bryant to Take Over as President of Cannon Fish Company


Investment Community Recognizes Thai Union Among Best Managed Companies in Asia


VIDEO: Atlantic Scallop Prices in a Tailspin  


Tiny Island in the Middle of the Pacific Littered with Highest Density of Trash in World


Seafood.com News Summary Tuesday May 16, 2017


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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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