Mon. Jul 7 2025

Tariffs, Dollar Slump and High Crab Prices Threaten Slowdown in Consumption  


US to Impose 25% Tariff on Japanese and Korean Imports Starting August 1


ANALYSIS: Front-Loading Frenzy; May Shrimp Imports Increase 14.6% YTD on Tariff Deadline  


Trump Letters Reveal August 1 Tariff Rates for Key US Trading Partners


ANALYSIS: Wild Salmon Week in Review for Week 26, June 29–July 5  


US Pushes Tariff Deadline to August, Trump Administration Expects Surge in Deals


ANALYSIS: Scottish Atlantic Salmon Exhibits Market Share Growth in Some Key European Markets  


US House Republicans Back Amendment to Expand H-2B Visa Access for Seasonal Workers


Recall Issued for Vicente Marino's Anchovy Fillets in Olive Oil Due to Histamine  


SFP 2024 Reduction Report Reveals Decline in Sustainability of Key Fisheries  


Canadian Officials Detect Dermo in PEI Oysters: Province's First Confirmed Dermo Case


Mexico Launches Global Center for Regenerative Aquaculture  


Seafoodnews.com Summary Monday, July 7


Thu. Jul 3 2025

Spotlight on Seafood Markets as Expana Adds Tuna and Lobster Forecasts


ANALYSIS: Ecuador Shatters Export Records as Tariff Uncertainty Drives Historic May Performance  


Trump Announces US Trade Deal With Vietnam, Including 20% Import Tariff  


ANALYSIS: Fresh Chilean Salmon Fillets Soften Ahead of Seasonal Trend  


Court Sets Date for NMFS to Decide if West Coast Chinook Salmon Should be on the Endangered List  


Japan's Seafood Imports in May Decreased by 5% YOY in Volume and 3% YOY in Value


Expana Publication Schedule for The Fourth of July Holiday


Russia Expects Fish Catch to Surpass 5 Million Metric Tons in 2025


Scary Good: New LA Pop-up Dining Experience to Debut July 5


Cousins Maine Lobster Expands North Carolina Footprint  


Seafoodnews.com Summary Wednesday, July 2


Wed. Jul 2 2025

Cozy Harbor, a Maine Lobster Staple, Files for Chapter 11 Bankruptcy


ANALYSIS: Canada's Declining Share in European Live Lobster Market Despite CETA  


Federal Judge Dismisses UCIDA's Claim that NMFS Violated Laws While Managing Cook Inlet Salmon  


Ecuador Establishes New Union Representing Nation’s Fishing and Aquaculture Sector


DOC Announces 2025 Appointments to the Regional Fishery Management Councils


Phillips Foods Opens Sales Office in Japan to Expand Crab Meat Sales  


Rabobank Sees Pressure from Tariffs and Trade Shifts: Shrimp, Salmon Sectors Brace for Impact


New Report Shows 21% of Consumers Chose Delivery over Dine-in in 2024


Russia Struggles to Boost Domestic Deep-Sea Crab Catch


Turning Emissions into Nutrition: Norwegian Project Converts CO₂ into Salmon Feed


Navigating the Trump Tariff Turbulence: A Comprehensive Timeline


Alltech Increases Stake to Become Majority Owner of Alltech Fennoaqua


Conxemar and ABANCA Renew Collaboration Ahead of International Frozen Seafood Fair in Spain


Seafoodnews.com Summary Wednesday, July 2


Tue. Jul 1 2025

Expana and Gluna Shrimp Announce Exclusive Data Partnership Covering Ecuadorian Shrimp Markets


ANALYSIS: Frozen Haddock Market Sees Unprecedented Price Growth  


Bristol Bay Salmon Run Timing And Size Currently Mimics That of Two Years Ago  


Pacific Seafood Going Big on Alaska  


Rodger May, Former Peter Pan Seafoods Chief, Wins Final Court Battle For Assets  


Mowi Appoints Tomasz Trela as New Sales Director Central Europe


Russia Sees Surge in Squid and Seafood Production Amid Rising Domestic Demand


Japan's May Fishery Exports Increased 1% in Volume and 6% in Value  


Japanese Company Becomes World’s First BAP-Certified Oyster Producer


Atlantic Sapphire Showcases Bluehouse Salmon at Summer Fancy Food Show  


Nova Scotia: 22 Seafood Companies Receive $1.75 Million in Climate Change Funding  


Seafoodnews.com Summary Tuesday, July 1


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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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