Wed. Apr 2 2025

Navigating the Trump Tariff Turbulence: A Comprehensive Timeline


Lawmakers Introduce New Legislation to Include US Fishing Industry in Federal Farm Credit Program


Slight Lifting of US Sanctions Would Allow Russia to Resume Crab Supplies to US Market


ANALYSIS: Comparative Price Overview of Vietnamese Pangasius and Domestic Catfish (2015-2025)


BioMar Costa Rica Obtains Country's First ASC Feed Certification


Japan Records All-Time High Prices for 2024 Chilean Coho; Sockeye Salmon Imports Fall by 40%


The Retail Rundown: Spring Sizzle Fuels Protein Demand


Norway Reverses Unused Third Country Quotas for Cod and Haddock


GAPP Reelects Chairman, Directs Record Investment into Fishery Reputation and Global B2B Marketing


Seafoodnews.com Summary Wednesday, April 2


Tue. Apr 1 2025

Key NL Snow Crab Fishery Updates; ASP Clashes with NL Government Amid Season Delay


ANALYSIS: US Shrimp Imports; Beyond the Headlines


Seafood Giant Maruha Nichiro Will Be Umios, Signaling “Third Founding” Since 1880


ANALYSIS: The 2025 Pacific Halibut Season Begins Amid Quota Reductions and Tariff Uncertainty


Russia to Increase Total Allowable Catch for 2026


Japan's 2024 Frozen Surimi Imports Fall to Two-Thirds of Peak Level, Fourth Lowest Level in 35 years


Norwegian Directorate of Fisheries Expands Protections for Wild Atlantic Halibut


Viciunai Group Invests €100M in Lithuanian Salmon Processing Facility


Seafoodnews.com Summary Tuesday, April 1


Benchmark Holdings Finalizes Sale of Aqua Genetics Division


CP Foods and Thai Union Say Thai Operations Not Impacted by Myanmar Earthquake


Mon. Mar 31 2025

Connecticut Lawmakers Address Secretary Lutnick, Demand Reinstatement Of Terminated NOAA Employees


Grieg Seafood CEO Resigns


California Reports Progress in Supporting Healthy Salmon Populations and Habitat


Rhode Island Congressional Delegation Introduces Bill To Add Two Seats to Mid Atlantic Council


Western Pacific Council Flags Economic Burdens of Electronic Monitoring, Backs Relief Efforts


Supreme Crab & Seafood Revamps its Canned Crab Packaging in Time for Spring


Seafoodnews.com Summary Monday, March 31


Fri. Mar 28 2025

NL Snow Crab Fishery Season Delayed, To Start One Week Late


Alaska Seafood Industry, Lawmakers, and Media Urge US to Cool Down Trade War and DOGE Cuts


Oregon Issues Annual Pink Shrimp Review Report as New Season Approaches


Icelandic Salmon Farmer Kaldvik Acquires Two Farming Operations and One-Third of Another


FDA Updates Advisory on Frozen Half-Shell Oysters from the Republic of Korea


Russia Plans to Ramp up Fight Against Poaching This Year


Mississippi Rep. Mike Ezell Introduces Bi-partisan Cormorant Relief Act to Protect Catfish Farms


New Study Shows Wild Alaska Sole’s “Impressive Levels” of Omega-3s and Other Key Nutrients


Seafoodnews.com Summary Friday, March 28


Thu. Mar 27 2025

SENA 2025: Expana Analysts Break Down Forecasting and Algo-Forecasting in the Seafood Market


Alaska's 2024 Salmon Season Sees Many Lows, with Five Fishery Disasters; 2025 Looks Better


Vietnam’s Shrimp Exports Exceed $4 Billion in 2024


Japanese Shipments of Farmed Bluefin Tuna Increased by 11% in 2024


Leading Russian Fish Producers and Processors Expect Further Revenue Decline in 2025


Seafoodnews.com Summary Thursday, March 27


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AquaBounty to Produce GM Salmon in Indiana with $14 Million Purchase of Bell Fish Company's Assets

AquaBounty Technologies will soon be able to produce its genetically modified AquAdvantage salmon in the United States as the firm has struck a $14 million deal to buy some of the assets of Bell Fish Company in Albany Indiana. AquaBounty said the facility's first harvest could come as soon as the third quarter of 2019. Once fully operational, the facility will have an expected annual capacity of 1,200 metric tons. "This acquisition marks an important milestone and provides the Company with its first commercial-scale facility in the United States for growing eco-friendly AquAdvantage Salmon. This site will enable production of healthy Atlantic salmon, which will not require vaccines or antibiotics, in a sustainable and responsible manner close to domestic consumers,” said Ronald Stotish, Chief Executive Officer of AquaBounty.

The International Council for the Exploration of the Seas (ICES) has recommended that the Joint Russian-Norwegian Fisheries Commission cut the 2018 Barents Sea cod quota 20 percent from last year citing poor recruitment in the fishery. The Council’s recommendation would set the total cod quota at 712,000 metric tons. This represents a 183,000 metric ton reduction from last year’s quota. The Commission will take up ICES advice when it makes its quota determination this fall.

In other news, a price war is breaking out over ecommerce lobster sales in the Chinese Province of Ningbo. Online retailers are offering live North American lobsters at deeply discounted prices in order to compete for sales and market share in both the online retail space and from traditional grocers.

Meanwhile, citing 20 years of success with groups such as Conservation International, the MSC, and others, the Walton Family Foundation (WFF) outlined its $37 million, five-year strategy for building sustainable seafood markets. The initiative is part of the foundation’s ocean strategy that takes a systems approach—working on both the supply and demand side—to promote sustainability in five core countries: Indonesia, Peru, Chile, Mexico and the United States. "The Walton Family Foundation has probably had more impact on the seafood sustainability movement than some of the more well-known consumer facing advocates," writes John Sackton in an analysis of the plan. "They have leveraged a market-based strategy in which they paid NGO's to lobby and convince the retail supply chain to adopt seafood sustainability standards."

Finally, the value of Vietnam's seafood exports to global markets is up this year but the increase is not because of more sales to the US market. So far Vietnam's seafood exports are up 7.5 percent worldwide but sales to the US market are down nearly 13 percent. The US is traditionally the top market for Vietnam's seafood exports like pangasius and shrimp. However, higher duty rates and the implementation of the catfish inspection program under the USDA have forced Vietnam's exporters to seek other markets like China.

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