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Jun 18 - ANALYSIS: 2024 Pacific Halibut Season Update


Jun 17 - ANALYSIS: Increasing Freight Drives Pressure on Value Finfish


Jun 17 - ANALYSIS: Snow Crab Retail Features Lag Last Year 7.7 Percent


Jun 12 - ANALYSIS: EU Shrimp Imports Stable in Q1 Thanks to Spanish Market Boost


Jun 12 - ANALYSIS: Drop in Conch Imports Tightens U.S. Supply and Begins to Elevate Prices


Jun 12 - The Retail Rundown: Raising the 'Steaks' for Father’s Day


Jun 10 - ANALYSIS: YTD Scallop Imports Pacing Ahead of 2023


Jun 10 - ANALYSIS: Frozen Salmon Down Almost 20 Percent Through April


Jun 7 - ANALYSIS: April Shrimp Imports Decline In Wake Of Antidumping Duties


Jun 5 - The Retail Rundown: Focus Shifts to Next Big Cookout Event


Jun 4 - ANALYSIS: Wild Salmon Week in Review: Week 22, May 26 – June 1


Jun 3 - ANALYSIS: Canadian Spring Lobster Season - Update 2


Jun 3 - ANALYSIS: Pangasius Market Slowly Recovers


May 30 - ANALYSIS: Lower Imports of Lobster in the U.S. and EU Markets, While China is Progressing


May 24 - ANALYSIS: Chilean Fillets Flat Ahead of MDW


May 22 - ANALYSIS: Copper River Salmon Season Opens with Strong Sockeye Landings and Lower Initial Pricing


May 22 - The Retail Rundown: Ads Centered on Get Grillin’ Themes


May 20 - ANALYSIS: Mid-May Snow Crab Market Update


May 17 - ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions


May 15 - ANALYSIS: Canadian Spring Lobster Season Update


May 15 - The Retail Rundown: Memorial Day Promotions; Latest CPI Data


May 13 - ANALYSIS: Strong Demand and Sporadic Landings Lead to High Prices to Start the Spring King Season


May 9 - ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent


May 9 - ANALYSIS: The 2023-2024 C&SA Mahi Season Update


May 8 - ANALYSIS: U10 Scallops Rally Ahead of Mother's Day


May 8 - The Retail Rundown: Showdown for Consumer Dollars this Mother's Day


May 6 - ANALYSIS: Two Different Conclusions to This Year's Stone Crab Season


May 3 - ANALYSIS: Gulf Quota Reaches 72% Caught, Newfoundland Reaches 15% Caught for Snow Crab


May 2 - ANALYSIS: March U.S. Shrimp Imports Move Higher


May 2 - ANALYSIS: 2024 Buying Opportunites Inch Ahead of 2023 for Farmed Salmon


May 1 - ANALYSIS: Fresh Tilapia Prices Rise as Imports Fall


May 1 - The Retail Rundown: Maximizing May’s Buying Occasions


Apr 29 - ANALYSIS: Blue and Red Swimming Crab Meat Hit 52-week Lows on Special Grade


Apr 25 - ANALYSIS: Countervailing Duties Reduction Would Have Significant Impact on Payments


Apr 24 - The Retail Rundown: Abundance of Springtime Eating Occasions


Apr 24 - ANALYSIS: 2024 Alaska Pollock ‘A’ Season Wraps Ahead of Seafood Expo Global


Apr 23 - ANALYSIS: Is the Frozen Tuna Market Poised for A Rebound?


Apr 22 - ANALYSIS: Canadian Snow Crab Start of the Gulf Season Begins 32 Percent Higher Than Last Year


Apr 16 - ANALYSIS: Navigating Shifts in the 2024 Sockeye Season


Apr 16 - ANALYSIS: Live Lobster - Spring Preview


Apr 15 - ANALYSIS: Farmed Salmon at Retail Wanes


Apr 11 - ANALYSIS: 2024 Scallop Season Expectations


Apr 10 - The Retail Rundown: Competitive Prices Drive Traffic; CPI Update


Apr 5 - ANALYSIS: Shrimp Imports Surprise With Gains in February


Apr 3 - The Retail Rundown: The April Outlook


Mar 27 - The Retail Rundown: Easter Features Breakdown


Mar 25 - ANALYSIS: Mid-Small Blue and Red Crab Meat Under Pressure


Mar 25 - ANALYSIS: Fresh Tilapia Facing Supply Challenges


Mar 25 - ANALYSIS: 2024 Pacific Halibut Season Outlook


Mar 20 - The Retail Rundown: 2024 Annual Power of Meat Study Recap


Mar 19 - ANALYSIS: Chinook Fishery Yields High Landings in Southeast Alaska/Yakutat for 2024


Mar 18 - ANALYSIS: Snow Crab Insights for Mid-March 2024


Mar 13 - The Retail Rundown: Seeing Green


Mar 8 - ANALYSIS: 2024 Pollock A Season Landings and Price Reaction


Mar 8 - ANALYSIS: January Shrimp Imports Decline Rapidly with AD/CVD in Background


Mar 6 - The Retail Rundown: Hopping Towards the Holiday


Mar 5 - ANALYSIS: Record Wide Spreads Hit Lobster Tail Market


Mar 5 - ANALYSIS: Checking In With Crab Meat As Ramadan Approaches


Mar 5 - ANALYSIS: Surging Atlantic Halibut Imports With Sporadic Pricing to Start 2024


Mar 1 - ANALYSIS: Update to the 2023-2024 C&SA Mahi Season


Feb 28 - The Retail Rundown: Plenty to Munch on in March


Feb 28 - ANALYSIS: Ratio of Farmed to Wild U.S. Shrimp Imports from Mexico Remains Consistent


Feb 23 - ANALYSIS: Shrimp Exports Disrupted in Argentina Due to Nationwide Strike


Feb 22 - ANALYSIS: Frozen Salmon Fillet Volume Retreats in 2023


Feb 21 - The Retail Rundown: Finalizing February’s Features


Feb 14 - The Retail Rundown: Surf and Turf Promotions for Valentine's Day


Feb 13 - ANALYSIS: Navigating the Shifting Imported Crawfish Market Amidst Domestic Supply Changes


Feb 12 - ANALYSIS: Frozen Tilapia Fillets Report Lowest Import Year Since 2006


Feb 9 - Valentine’s Day 2024: Salmon An Attractive Option, But Lobster Shows You Really Care


Feb 9 - ANALYSIS: Lobster Market Prices are Advancing Quick and Sharp


Feb 8 - ANALYSIS: Shrimp Imports End the Year with Monthly Gain, But Still Lower on Year


Feb 7 - The Retail Rundown: Super Sunday Promotions


Feb 5 - ANALYSIS: Dungeness Clusters 23 Percent Higher Than Same Time Last Year


Jan 31 - The Retail Rundown: Touching Down on Super Bowl Spending


Jan 24 - The Retail Rundown: Packing on the Protein


Jan 8 - ANALYSIS: Farmed Salmon Market Off to a Firm Start in 2024


Jan 3 - The Retail Rundown: Consumer Sentiment Rises at Year's End


Dec 22 - ANALYSIS: Tilapia Market Rallies Ahead of the New Year


Dec 20 - ANALYSIS: Lobster Market Sees Supply Constraints, Rising Replacement, and Moderate Demand


Dec 20 - The Retail Rundown: Ham Features Increase for the Holidays


Dec 18 - ANALYSIS: Slowed Demand from Trade Partners Leads to Lower Priced Ecuadorian Shrimp


Dec 18 - ANALYSIS: Florida Stone Crab Season's Weather Challenges, Price Fluctuations, and Holiday Demand


Dec 13 - The Retail Rundown: Thanksgiving Turkey Retail Prices Reported Higher Despite Wholesale Drop


Dec 7 - ANALYSIS: October U.S. Shrimp Imports Reach High Single-Digit Growth Again


Dec 6 - The Retail Rundown: Season’s Gr-eatings


Nov 21 - ANALYSIS: Imports and Price Retreat on Squid Market


Nov 15 - The Retail Rundown: 2023 Thanksgiving Outlook


Nov 13 - ANALYSIS: Crab Meat Market Round-up


Nov 8 - The Retail Rundown: Tuning in to Holiday Turkey Features


Oct 30 - ANALYSIS: Ecuadorian Shrimp Exports Keep Progressing, But At What Price?


Oct 25 - The Retail Rundown: Roast Features Heat Up as Temperatures Dip


Oct 24 - ANALYSIS: A Recent Uptick of Argentina Red Shrimp Exports to the EU


Oct 23 - ANALYSIS: Robust Chum Landings out of Alaska in 2023 Result in Lower Prices


Oct 18 - ANALYSIS: The Live Lobster Market Following Historical Behaviors: A Maine Update


Oct 18 - The Retail Rundown: Keeping a Watchful Eye on Bird Flu


Oct 16 - ANALYSIS: Taking the Temperature of Farmed Salmon Halfway Through October


Oct 4 - The Retail Rundown: A-Maizing Protein Opportunities this October


Sep 27 - The Retail Rundown: Pork and Seafood Share the Spotlight Next Month


Sep 22 - ANALYSIS: Wild Salmon Week in Review September 10-16


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ANALYSIS: 2024 Pacific Halibut Season Update

Supply

We are currently in the third month of the 2024 Pacific halibut season, which began on March 15 and will conclude on December 7. This year's overall annual catch limit is set at 35.29 million pounds, marking a 5% reduction compared to 2023, with commercial landings experiencing a 3% cut. As of week 21, year-to-date Pacific halibut landings total 5.41 million pounds, showing a 6.09% decrease year-over-year and a 13.07% decrease compared to the five-year year-to-date average.

The season started strongly, with...

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ANALYSIS: Increasing Freight Drives Pressure on Value Finfish

The frozen fillet market for tilapia, pangasius, and catfish is experiencing shifts due to a variety of factors impacting both supply and demand. Recent developments in ocean freight rates, weather conditions, and supply chain disruptions have all contributed to the current market dynamics.

Tilapia

Tilapia pricing has steadily increased for the past year due to several key factors. U.S. importers face lower inventory levels, as anticipated supply improvements by late May or early June were delayed by unusual weather patterns in China's producing areas of Guangdong and...

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ANALYSIS: EU Shrimp Imports Stable in Q1 Thanks to Spanish Market Boost

Between January and March 2024, the European Union imported 133k MT of shrimp of all species from any origin ex-EU. This represents a slight growth of 1.7% compared with Q1 last year, and a strong progression of 16.2% compared with the pre-COVID period of Q1 2019.

When looking at each country, the position of Spain as the largest importer of the region is confirmed again this year. First, its share of EU shrimp imports progressed from 27.1% in Q1 2023 to...

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The Retail Rundown: Raising the 'Steaks' for Father’s Day

The Memorial Day and July 4th holidays are popular burger occasions, whereas Father’s Day is typically geared toward steak consumption. Fittingly, grocers have upped the feature volume for steaks ahead of the upcoming holiday weekend.

Steaks currently make up 43.3% of total retail buying opportunities within the beef complex, up from 37.7% the week prior. Ground beef ads also saw a week-over-week advance, now holding 35.3% of beef’s total retail activity. Feature activity for roasts has eased as fewer households utilize their ovens during the hotter weather.

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ANALYSIS: Frozen Salmon Down Almost 20 Percent Through April

Imports for the month of April were released earlier this month and imports of frozen salmon are down almost 20 percent year-to-date. Through April, total frozen salmon imports are down 19.5 percent and, on a month-to-month basis, imports are down 19.6 percent comparing April to March of 2024.

Chile, the main driver in the category, continues to lose market share and is down to a 63 percent share for frozen salmon. Norway is at a 21 percent market share. If you...

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The Retail Rundown: Focus Shifts to Next Big Cookout Event

Shoppers welcomed the unofficial start of summer over the Memorial Day weekend with grilling go-tos including hamburgers, ribs, and chicken parts. Circana data indicates ground beef sales totaled nearly $82.9 million last week, up from $68.4 million the week prior and outpacing $77.1 million during the same week in 2023. Beef ribeye also saw increased sales week-over-week, earning $32.3 million with distribution (the number of UPCs selling within the given aggregate) totaling 90,781up from 87,175 the week prior...

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ANALYSIS: Canadian Spring Lobster Season - Update 2 

Supply

The Canadian spring fishing season is shaping up to be exceptional. As we enter the month of June, landings have been robust, substantial, and unrelenting. Perfect weather has allowed fishermen across all LFAs the opportunity to fish consistently. At the peak, there were even talks of a crate shortage due to the rapid influx of product, overwhelming both live and processing markets. The shore price in Canada reached a record $20.00 CAD before the season began, but as each LFA started and raw material became readily available, the price...

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ANALYSIS: Lower Imports of Lobster in the US and EU Markets, While China is Progressing


Anywhere in the world, lobster is placed at the high end of the crustaceans’ product range, regardless of its species: Caribbean, European or American/Canadian lobsters. China, the U.S., and the EU represent the three largest markets for its consumption.

According to Global Trade Tracker, when considering all species and all forms (live, frozen whole, tail or meat), the total volume imported in these three regions stood at 129.0 thousand metric tons last year. This is 3.4% lower than...

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ANALYSIS: Copper River Salmon Season Opens with Strong Sockeye Landings and Lower Initial Pricing

With the opening of the Copper River in Alaska, the summer wild salmon season has officially begun. This year, the season comes with some notable updates. Sockeye salmon projections for the Copper River are up by 20 percent overall, or approximately 2 million fish compared to last year. A significant opener has many believing this projection may be realized and possibly surpassed. The initial opener saw nearly three times the amount of fish as forecast, according to...

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ANALYSIS: The Snow Crab Market, Update Mid-May

The Gulf of St. Lawrence quota is over 92 percent caught, with only 4 million pounds left of the quota to catch. With the fishing season just about over, many would probably say it’s a positive given the start of North American right whales showing up in the fishing grounds for snow crab. The majority of the quota in the Gulf, which is down roughly 26 percent from a year prior, has been caught well ahead of any grid closures.

As of this writing, 34 percent of...

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ANALYSIS: Canadian Spring Lobster Season Update

Supply

We're currently in the fourth week of Canada's spring fishing season, and by all accounts, fishing activities have been quite successful. Unlike the fall and winter season, weather conditions have been near perfect as robust landings have been reported across all open LFAs (Lobster Fishing Areas). With the start of the Cape Breton season on the horizon (LFA 27,28,29,30) (Wednesday set), we are entering peak availability for raw material. 

Prior to the start of the spring fishing season, net inventories for both the live and frozen markets were at...

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ANALYSIS: Strong Demand and Sporadic Landings Lead to High Prices to Start the Spring King Season

Spring troll season for king (Chinook) salmon is in full swing, with landings reported from various regions. However, the market is facing challenges in maintaining steady pricing and supply. Product is coming in from Neah Bay, the Columbia River, as well as the Coast of Oregon. Additionally Southeast Alaska and Yakutat recently commenced with landings for weeks 18 and 19 hovering around 400 fish each, according to Alaska Department of Fish and Game, as of...

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ANALYSIS: The 2023-2024 C&SA Mahi Season Update

 

The 2023-2024 mahi fishing season in C&SA stands out from prior years for several reasons. Foremost among them was the significant speculation surrounding the potential occurrence of an El Niño event, which could impact water temperatures, fishing yields, and even signal a shortage in inventory. However, what truly marked this season was the absence of U.S. buyers eagerly awaiting to bid on products just landed. Typically, when boats return to port there is quite a bit of bidding from processing plants...

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The Retail Rundown: Showdown for Consumer Dollars this Mother's Day

Grocers and foodservice are preparing for a showdown with Mother's Day just a few days away. 

The upcoming holiday typically favors foodservice sales over retail as consumers celebrate their loved ones by visiting a dining establishment. According to the National Restaurant Association, 34% of consumers will dine out this Sunday, particularly during lunch and dinner. An additional 12% will order takeout or delivery.

However, retailers have a few tricks up their sleeves to get shoppers through the door by promoting deals on flowers, cards, gifts, and more. Grocers...

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ANALYSIS: Gulf Quota Reaches 72% Caught, Newfoundland Reaches 15% Caught for Snow Crab

Area 12 in the Gulf of St. Lawrence has passed 70% of their quota caught. According to landings data from the Department of Fisheries and Oceans, 72.86% of the quota has been caught as of May 2. The initial quota for Area 12 — including traditional fleet (01), First Nations (02) and New Access (03) — was set at 22,236.416 t and revised to 21,756.074 t. The season opened April 1 and reporting as of May 2 shows that 17,049.903 t has been landed with...

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ANALYSIS: 2024 Buying Opportunites Inch Ahead of 2023 for Farmed Salmon

The farmed salmon market at retail has seen the average retail pricing starting to tick above the 3-year average. The last two weeks at retail, the average retail price was 5.6 and 8.4 percent higher than the 3-year average respectively. In addition, the number of buying opportunities or retail features has also increased; levels in the last three weeks have been above the 3-year average.

This is in contrast to one of the lowest buying opportunity weeks about...

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ANALYSIS: Snow Crab Retail Features Lag Last Year 7.7 Percent

Snow crab market mid-June

The Canadian snow crab market mid-June has been reported to be moderate to fair out of Newfoundland. 5-8s continue to be the dominate size available over larger-sized crab, 8s and 10s. As of this writing, 70 percent of the snow crab catch out of Newfoundland has been caught. As we have reported previously, all of the Gulf quota was caught. Market participants report movement is steady, most state the market not to be robust, but also not...

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ANALYSIS: Drop in Conch Imports Tightens U.S. Supply and Begins to Elevate Prices

At the year’s midpoint, the Honduran conch season is coming to a close, resulting in the supply of 100% clean product tightening up and the overall market to firm. According to U.S. Census import data, currently available through April 2024, conch imports into the U.S. totaled 2.25 million on a year to date basis, a 13.5% decrease compared to the same 2023 timeframe. This is the lowest January through April YTD volume since 2021, when imports reported just under...

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ANALYSIS: YTD Scallop Imports Pacing Ahead of 2023

At the start of June, the third month of the 2024 Atlantic sea scallop season, supply constraints are already impacting larger sized scallops. Unlike in the 2023 season, size mix trended larger in comparison to previous years with Closed Area II producing the majority of U10 sized scallops. In 2023, the volume of U10s landed increased 105% from 2022 per the New Bedford auction. With Closed Area II remaining open for the 2024 season, industry players were not anticipating seeing an abundance of larger sizes again from...

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ANALYSIS: April Shrimp Imports Decline In Wake Of Antidumping Duties

In data released today, and with the backdrop of CVD amended and preliminary AD released, there was a reduction in shrimp imports into the U.S. in April.

In terms of antidumping, for Ecuador, SONGA was hit with a 10.58% dumping margin and cash deposit, while Santa Priscilla was seen as “de minimis”, so not significant enough to have antidumping duties. The rest of the companies were assessed 10.58% dumping margin and 10.18% cash deposit. For Indonesia, PT Bahari Makmur Sejati was given no duty, while...

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ANALYSIS: Wild Salmon Week in Review: Week 22, May 26 – June 1

The wild salmon season is still in its early stages, with much of the focus on Copper River. Sockeye landings have been robust, similar to last year, and even surpassing it some weeks. During statistical week 21 (May 19-25), 125,000 fish were landed, according to the Alaska Department of Fish and Game (ADF&G). This represents a 31.5% increase from last year and an astounding 135.8% higher than the five-year average for week 21.

However, last week saw a decline in...

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ANALYSIS: Pangasius Market Slowly Recovers

In March 2024, Vietnam, our only active supplier in the current market, exported 16.9 million pounds of pangasius frozen fillets into the U.S. valued at 15.8 million dollars. This marks a slight retreat of 0.6% less volume compared to the preceding month of February 2024, which saw a total import figure of 17 million pounds. However, when comparing the same month one year ago, we observed a significant increase from last year of 6.8 million pounds. Additionally, year-to-date volumes record 44.1 percent ahead of the same January through...

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ANALYSIS: Chilean Fillets Flat Ahead of MDW

Since the beginning of February, the Chilean fillet market has been relatively “flat.” We say this with a grain of salt because anyone who lives and breathes the fresh farmed salmon market understands its typically very volatile, but when you take a step back from the day-to-day, the market has been flat-ish.

From the outset of February 2024, the low of 3-4-pound fresh Chilean fillets have bounced between $6.20 and $6.50; and an even tighter range has been observed this past month of...

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The Retail Rundown: Ads Centered on Get Grillin’ Themes

This week's retail ads are centered on get grillin' themes as consumers stock up on burgers, hot dogs, and other barbeque staples for the upcoming Memorial Day holiday. 

For the holiday weekend, seafood features take the cake with 28.8% of total protein ad volume. Pork climbed to second with 23.7%, followed by chicken with 20%. Beef features eased to 19.3% of the mix, down about three points from the week prior.

Looking at seafood, fresh/frozen filets make up 31% of retail buying...

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ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions

The tilapia frozen fillet market from China is experiencing significant turbulence, driven by several key factors affecting both supply and demand. U.S. importers are currently facing low inventory levels as the industry expected that supply would improve by late May or early June. However, weather-related setbacks in April, as well as reports of premature harvesting have caused further delays.

The two major tilapia farming regions in China, Guangdong and Hainan, have faced unusual weather patterns, which have contributed to higher mortality rates and...

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The Retail Rundown: Memorial Day Promotions; Latest CPI Data

Spring is in the air… and the first inklings of summer are making a reappearance too. Memorial Day is less than two weeks out and grocers are enthusiastically preparing for the official start of the grilling season.

Cookout staples like charcoal, outdoor serving ware, grilling cuts, and all things barbeque are migrating toward the front page of circulars, bringing increased visibility to the meat case, deli counter, and prepared foods sections of the store. 

In the week leading up to Memorial Day weekend last year, 78-84% lean ground beef was...

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ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent

The farmed salmon market saw imports of fresh fillets through the first quarter of the year fall behind 2023. Year-to-date levels are trailing 2023 by 4.2 percent. Out of Chile, the leader in the category with a 73 percent market share, imports of fresh fillets are down 5.9 percent YTD. Imports out of Norway, on the other hand, are up 11.4 percent through March 2024 as compared to 2023. The Netherlands, another European producing country that processes, are also...

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ANALYSIS: U10 Scallops Rally Ahead of Mother's Day

The Atlantic sea scallop sector has reported conflicting pressures dependent upon scallop size, affecting the market as the season closes out the second month of the 2024-2025 fishing year. Framework Adjustment 38 to the Atlantic sea scallop Fishery Management Plan has resulted in an estimated harvest of 27.4 million pounds of Atlantic sea scallops for the new season that began April 1, 2024, a 2.4 million pound increase from the previous year, marking the first quota increase since 2019.

As seasonally expected, prices began to...

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ANALYSIS: Two Different Conclusions to This Year's Stone Crab Season

The 2023-2024 stone crab season has concluded, showing varied results compared to the last two years depending on size. Medium and large sizes ended below the closing prices of both 2022 and 2023. The past few months saw prices on large averaging around $32.00, marking a 5.8% and 8.5% decrease compared to 2023 and 2022 respectively. However, prices remained slightly above the five-year average of $31.17 by 2.7%. Market observers attribute this to increased landings of...

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ANALYSIS: March U.S. Shrimp Imports Move Higher

In data released today, U.S. shrimp imports continued to move higher year-over-year behind a significant surge from the top two trade partners. Total March imports were 139.489 million pounds, compared to 129.469 million pounds in 2023. India (+24.6%), Ecuador (+24.6%), and Vietnam (+39.0%) all gained. These positive numbers shifted year-to-date figures to the upside for those three countries as well. Indonesia (-30.0%) and Thailand (-25.7%) shipped less rounding out the top five.  Mexico (-31.8%) and Argentina (-28.8%), while shipping less, were...

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