Wed. Jan 22 2025

GSMC 2025: Balancing Act in Sight for the Shrimp Market in 2025?


GSMC 2025: Flexibility and Optionality Key to Scallop Market Amid Shrinking TACs


GSMC 2025: Trump’s Tariffs A Big Stick for Statecraft, Says Rabobank Strategist


GSMC 2025: Diving Into What’s Working in Seafood Retail


GSMC 2025: Shellfish Panel Highlights the Lobster Meat Era


GSMC 2025: How Consumers Perceive Seafood in 2025


BOEM Issues Final Guidance for Fisheries Mitigation Before Temporary Halt on Offshore Wind Leasing


Trump Fires Admiral Linda L. Fagan as Coast Guard Commandant


The Retail Rundown: Arctic Blast Supports Egg Demand While Seafood Leads Ads


ANALYSIS: China Shrimp Imports Declined by 6.7% in 2024


Acme Smoked Fish Foundation Announces Seafood Industry Climate Awards


Russian Fishing Industry Hopes for High Revenue in 2025


Seafoodnews.com Summary Wednesday, January 22


Tue. Jan 21 2025

ANALYSIS: Canadian Lobster Exports Drop Sharply in November Year-Over-Year


Trump to Lay Out Trade Vision but Won't Impose New Tariffs Yet


Trump Orders Temporary Halt on Offshore Wind Leasing, Calls for Federal Review


Japan: November Imports for Salmon and Trout Fall 8%, and Sockeye from the US Plummets to 60 MT


US Coast Guard Medevacs Injured Man from Fishing Vessel 40 Miles Offshore Oahu


NRGene Canada and Northern Indigenous Fish Company Partner to Turn Fish Waste Into Feed


Supreme Crab and Seafood Pledges to Achieve Carbon Neutrality


Seafoodnews.com Summary Tuesday, January 21


Aldi’s Making Waves With New European Locations and a Chardonnay Partnership


Mon. Jan 20 2025

The Winding Glass: On the Eve of Trump, Tariff Outlook May be Moderate


Quin-Sea Fisheries Withdraws Membership from ASP


Nordic Aquafarms Abandons $500M Salmon Facility in Belfast, ME Amid Legal Challenges


Maine Lobstermen Urged to Relocate Gear After Right Whale Sightings


ANALYSIS: Navigating Volatility, US Squid Market Trends and Supply Dynamics in Late 2024


ANALYSIS: November 2024 Marks a Pivotal Shift in the Warmwater Shrimp Market


16 Congressmen Release Bill to Ban NOAA Fisheries From Any Shut Down of Atlantic Red Snapper


Japan: Frozen US Redfish Imports Rise; High Priced Norwegian and Iceland fish Decreased


European Commission Releases New ‘Fishers of the Future’ Study, Projects Fish Sector Changes in 2050


Proximar Seafood Hires Michinori Hoshijima as Chief Commercial Officer


Royal Greenland Unveils New Packaging for Frozen Cod and Halibut Boxes, 100% Recyclable


Seafoodnews.com Summary Monday, January 20


Fri. Jan 17 2025

Fast-Casual Seafood Chain Captain D’s Sets Sail for the UK


Town Dock CEO Ryan Clark Named Chairman of National Fisheries Institute


Russian Barents Sea King Crab Catch Hits Record High in 2024


Russia's Fish Catch Declines 8% in 2024, Totaling 4.88 Million Tons


EPIRB Saves Two Kodiak Fishermen After Vessel Capsizes in Gulf of Alaska


Cargill and Mowi Feed Sites in Scotland and Norway Achieve ASC Certification


European Public Prosecutor Investigates €4M Fraud in Aquaculture Funding


Cooke Chile CEO Clashes with Environmental Authority Over Salmon Farming Concessions


CP Foods Wins Global MIKE Award 2024 for Excellence in Knowledge Management and Innovation


Seafoodnews.com Summary Friday, January 17


Thu. Jan 16 2025

Seafoodnews.com Summary Thursday, January 16


With Maersk Leaving AK, Seafood Cargo Has Few Shipping Options as Groundfish Season Begins


Monterey Bay Aquarium’s Julie Packard Transitions from Executive Director to Board of Trustees


New Research Says Underexploitation is Greater Threat to Food Security than Overfishing


NFI Asks Trump to Withdraw FDA’s Proposed Front of Packaging Nutrition Rule


Sysco and Teamsters Face Off in Houston: Strike Looms as Contract Deadline Nears


Lerøy Midt AS Reports Salmon Escape in Møre og Romsdal


4ocean Announces Cleanup Partnership with Garden of Life® Brand


FFAW Calls for Transparency and Accountability in Fish Harvesters’ Resource Centre


Norwegian Prime Minister Met With Export Companies on Incoming Trump Presidency


Wed. Jan 15 2025

Næra® Snacks to Unveil New Crunchy Salmon Bites at Winter Fancy Food Show 2025


Seafoodnews.com Summary Wednesday, January 15


Faroese Government Applies New Tax Model to Salmon Farmers in the Faroe Islands, Valid Until 2032


Judges Confirm No Overtime Pay for Alaska General Seafoods Employees During Pandemic


Pacific Seafood Responds to Labor Union's Campaign on Environmental Violations


ANALYSIS: Review of Chilean Atlantic Salmon Exports Through November 2024


The Retail Rundown: Weekly Protein Recap; CPI Update


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Newfoundland Snow Crab Quota Set at 35,419 Tons, 22% Less Than Last Year

The Canadian Dept. of Fisheries and Oceans has announced snow crab quotas for the fishing areas around Newfoundland. The overall quota will decrease around 22 percent from last year's quota. The major reduction by volume is in area 3L. The 3K area quota did not get cut significantly while the 3PS the quota was slashed 50 percent. Prior to the release of the quota, industry estimates were that about 33,000 tons would be allowed in Newfoundland. So the DFO numbers are slightly more favorable than expected. The fishery will start on April 6th in most parts of 3L and 3Ps, and April 14th in 3K.

A team of seven respected fisheries scientists, led by Prof. Ray Hilborn, Ph. D., of the University of Washington, found that predator populations are less dependent on specific forage fish species than assumed in previous studies. These findings counter a previous study that argued forage fish are twice as valuable when left in the water to be eaten by predators, and recommended slashing forage fish catch rates by 50 to 80 percent. “Forage fish provide some of the lowest environmental cost food in the world – low carbon footprint, no water use, ” Dr. Hilborn said. “[There are] lots of reasons that forage fish are a really environmentally friendly form of food.”

In other news, by as early as May 1st the free trade deal between the EU and Canada, known as the CETA deal, will come into effect. This means the duty rates for some Canadian seafood exports to the EU market, including live lobster, will drop to zero essentially overnight. Both the US and Canada currently have the same duty rates for live lobster exported to the EU, but this will all change under CETA. This means Canadian producers will get a significant export advantage over Maine's lobster industry. This could put the US in a position where they may have to reduce their lobsters prices to compete with Canadian shippers.

Meanwhile, the pink shrimp season in Washington, Oregon and California officially stated over the weekend on April 1. But this year, many boats are still in port and many haven't even put shrimp nets on their vessels. The few who did test the waters found female shrimp that haven't dropped their eggs yet. Some of the shrimp on the grounds are in the 350-500 size or smaller. Fishermen said they would prefer to have the 250-350 size or larger, as it fetches a better price. They said much of the current global inventory of coldwater shrimp is in the 350-500 size.

Finally, Senators Elizabeth Warren and Ed Markey were asked to support a state-sponsored bill that would allow for the sale, processing and transport of lobster parts in the state of Massachusetts. The bill was co-sponsored by 13th Bristol District Rep. Antonio Cabral and is supported by Seatrade International, New Bedford Mayor Jon Mitchell and Ed Anthes-Washburn, the executive director of the Harbor Development Committee. Proponents of the law say it will create more jobs in the state. The practice is already legal in Maine and New Hampshire.

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