Fri. Jan 31 2025

Trump Slaps Tariffs on Canada, Mexico, and China: Seafood Industry Braces for Impact


Captain Fresh Secures $29M as It Prepares for 2025 IPO


Trump’s Political Appointments: What They Mean for Commodity Markets


New Data Shows Trudeau Policies Weakened Canadian Aquaculture Volume by 27%


GSMC 2025: Does Seafood Have an Opportunity in Convenience Stores?


ANALYSIS: Anchovy Catch Reaches 96.5% of Quota as Peru Closes Second Season


Tanner Crab Fishing Continues in Kodiak and Southern Alaska Peninsula


US Senate Committee Introduces Anti-IUU Fishing Bill for Tuna and Red Snapper Imports


UMaine-led Team Develops More Holistic Way to Monitor Lobster Industry


Russia Hits Record Crab Exports to China in 2024 Amid Shift to Asia


Hope and Optimism Apparent in Latest Positively Groundfish Survey


Regal Springs’ Sustainability Alliance with Honduran Government Benefits Local Communities


Russian Surimi Production 50% Increase to 70,000 tons; Exports to China Jump


Seafoodnews.com Summary Friday, January 31


Thu. Jan 30 2025

Mowi Acquires Majority Stake in Nova Sea in $656M Deal


Seafood on the Speedway: Sea Best Returns for NASCAR Sponsorship with Ty Dillon, Kaulig Racing


Amar Seafood Obtains Licenses for Halibut Farm in Trøndelag, Norway


European Commission Works to Decarbonize the Fishing Fleet in the Mediterranean and Black Sea


Japan's FY2023 Land-based Aquaculture Shipments Hit 6,392 Tons, Small-scale Production Dominates


PODCAST: Agri-Food for Thought Ep. 22 - The Road to Agri-Food Europe 2025, feat. Olympia Theocharous


Tassal and Visy Collaborate on Sustainable Cardboard Boxes for Australian Shrimp


Founder of Gimme Seaweed, Annie Chun, Lands Award from Korean Govt for Seafood Export Contributions


Seafoodnews.com Summary Thursday, January 30


Wed. Jan 29 2025

ANALYSIS: Importers Grapple with Mahi Mahi Challenges in Central and South America


The Retail Rundown: Record Championship Game Viewership Expected to Drive Food Sales


Russia Aims to Become a Leading Surimi Producer Within the Next Several Years


96% of Tampa-St Petersburg Restaurants are Misleading Shrimp Consumers


Browne Trading Company Welcomes Three New Partners to Drive Growth & Sustainability


Portuguese Fish Cannery BELA Rebrands and Introduces Direct-to-Consumer Experience


Whole Foods Market Issues New Seafood Code of Conduct


Azure Seafood Endorses GSA’s Best Aquaculture Practices Certification Program


Alaska Seafood Partners with FujiSan Sushi for Alaskan Cruise Giveaway


Seafood Featured in Retailer Giant Food’s Latest ‘Fresh Low Prices’ Effort


USDA Announces Approval of D-SNAP for California Disaster Areas


Seafoodnews.com Summary Wednesday, January 29


Tue. Jan 28 2025

Alaska Seafood Launches Nationwide Lent Menu Promotion


Seafood Set to Lead Global Protein Supply Growth in 2025: Rabobank


Last Areas in Washington Will Open for Dungeness Soon


ANALYSIS: Scottish Salmon Witnesses Strong Export Growth Driven by US, EU Demand


Maine DMR Updates Bulletin on Right Whales and Pauses Two-Endline Gear Enforcement


Sysco Corporation Reports Strong Q2 Results


Better Seafood Board Debuts Third Edition of Best Practices for Addressing Seafood Fraud


Seafoodnews.com Summary Tuesday, January 28


Mon. Jan 27 2025

Seafoodnews.com Summary Monday, January 27


GSMC 2025: Opportunities Abound for Under-the-Radar Salmon Species


US Coast Guard Rescues Four Passengers After Boat Collision 10 Miles South of Block Island


Crabbers Keep Grinding on Dungeness Season as Weather Stays Mostly Clear


Russia to Ramp Up State Fish Purchases for Schools and Military


U.S. Immigration and Customs Enforcement Raids New Jersey Seafood Distributor


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NMFS's Budget Spared in Trump Administration's Proposal to Slash Commerce Department Funding 16%

The Trump Administration's proposal to cut the Department of Commerce's budget by 16 percent does not specify the extent of cuts to NOAA's satellite programs but it appears to include only minor reductions to NMFS. It has been reported that the budget proposal would eliminate $250 million in coastal research programs including $73 million for Sea Grant programs.

One of the issues flagged in the dismal assessment of Newfoundland snow crab stocks this year was increased predation on snow crabs. One source of the increased predation is thought to be cod, which are eating more snow crab as capelin, their primary food, has not recovered sufficiently to support current cod populations. Another source of predation is seals. Recently Baie Verde native Danny Dicks harvested a bearded seal that had 181 female and 2 male snow crab in its stomach. The seal weighed between 200 and 300 pounds.

In other news, a Minnesota state lawmaker proposed a bill to provide short-term tax incentives for entrepreneurs who want to jump into the shrimp farming business in the state. The bill proposed by Rep. Chris Swedzinski was positively received by the state's House Agriculture Policy Committee. “We’re looking to build a whole new industry of agriculture in Minnesota, one that uses local commodities and creates very good jobs,” Rep. Swedzinski said.

Meanwhile, about 27 million adult salmon returned to Alaska’s 28 hatcheries last summer dotted throughout Prince William Sound, Southeast and Kodiak. That was less than half of the forecast and the lowest return since 1992. From that, the hatchery catch plummeted to 24 million salmon, or just 22 percent of the statewide harvest, again the lowest since 1992. The dockside value of the hatchery fish at $85 million was the lowest since 2005.

Finally, we publish a video by the National Fisheries Institute that features an interview with attorney Katherine Alveraz, who is the general counsel for Alfa Gamma Seafood Group in Miami and Derek Figueroa, COO of Seattle Fish Company in Denver who discuss the potential impact of the Trump Administration's proposed border tax on the seafood market in the US. The border adjustment tax would tax imports and exempt exports as part of a plan to encourage companies to locate or keep jobs and production in the U.S. Alvarez and Figueroa emphasize that a majority of the wild caught and farmed seafood Americans eat—at least 85 percent—is imported. This means the tax could increase the cost of seafood for consumers in the US market. This could result in a decline in seafood sales and actually in job losses, not job creation, across the country.

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