Russian Crab Industry Struggles with Investment Pressures Amid Falling Demand and Export Limits

Quotas for Kamchatka crab in the Barents Sea will be sold at a reduced price at the end of November, as the planned auctions for the sale of quotas for catching crab in the Northern Basin, which was scheduled for November 13, will not take place due to the lack of applications.

According to the documentation on the Russian Auction House (RAD) website, the latest auctions failed because not a single application was received for participation.

The Federal Agency for Fisheries (Rosrybolovstvo) was organizing the auctions...

The Retail Rundown:  Port Strike Sends Shockwaves Throughout Supply Chain 

The strike at East and Gulf Coast ports officially began once the calendar turned to October, following unsuccessful contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX).

The strike's impact is being felt throughout the supply chain, causing significant disruptions in the flow of goods ahead of the rapidly approaching holiday season. 

In a statement released on Tuesday, USMX stated that its current offer includes a nearly 50% wage increase. In response, ILA said it has rejected USX's offer "because it fails to address...

Hurricane Helene Intensifies U.S. Agriculture Disruptions As Port Strike Officially Starts

Hurricane Helene, a powerful Category 4 storm, made landfall in Florida's Big Bend region on September 26, 2024. The storm caused widespread destruction across the southeastern U.S., with the death toll approaching 125 as of this writing. 

Its damaging winds, storm surge, and flooding led to power outages and infrastructure damage in Florida, Georgia, Tennessee, and the Carolinas–with the Carolinas seemingly suffering the greatest impacts. Parts of North Carolina are submerged under water, where roads have been washed out and properties have been flattened. As of October 1...