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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Peeled Shrimp Margins Squeezed

Since about the middle of 2015, despite a few peaks, margins on peeled shrimp have been on a steady decline according to an analysis from Urner Barry. Margins bottomed out in the 4th quarter of 2016 and have rebounded since that time. But they remain at the bottom of the range since 2008. After the high prices due to EMS in 2014, peeled shrimp have generally traded in a very narrow range over the last 3 years.

Bocaccio and darkblotched rockfish, which are managed by the Pacific Fishery Management Council, have now been rebuilt before original target dates. The Scientific and Statistical Committee report at the June Council meeting said bocaccio's increase above the overfishing level is due in large part to strong recruitment events in 1999, 2010 and 2013. Its estimated lifespan is 50 years.“The rebuilding strategies used to achieve this conservation success, coupled with favorable environmental conditions for groundfish productivity, have paid huge dividends in rebuilding our overfished groundfish stocks and resurrecting West Coast groundfish fisheries,” Council Chairman Herb Pollard

In other news, Thai producers plan to increase their shrimp output in the second half of this year, after output from farms dropped in the first two quarters of 2017 compared to last year. The expectation is for shrimp production to grow 5 percent overall this year. Thai shrimp prices, which are on the rise again, are expected to either remain stable or grow 5 percent in 2017 compared to last year said Preerasak Boonmechote, Thai Union Group’s shrimp unit managing director.

Meanwhile, lobster industry representatives in Massachusetts are urging legislators to support a proposal to expand in-state processing of lobsters and lobster parts. The proposal, contained in an amendment in the state Senate’s recently passed budget, would allow licensed Bay State wholesalers to process unfrozen raw lobsters, as well as allowing the sale of previously frozen raw in-shell tails and the importation of unfrozen shell-on lobster parts and tails. "Right now, we depend on Canada for so much of our processing facilities,” said Beth Casoni, executive director of the Massachusetts Lobstermen’s Association, which supports the proposal. “This would allow us to do that processing here in Massachusetts, helping us to create jobs here and create markets for our lobster products.”

With what looks like a "sustained push" of reds up the Nushagak and Wood Rivers, coupled with stronger winds in the forecast, the ADF&G is likely to make an announcement to ready the fleet for possible fishing time. "There was a big uptick in passage yesterday: 59,000 raw count and still pushing this morning," said west side area manager Tim Sands early Monday.

Finally, today is my last day as production editor for Urner Barry and Seafoodnews.com. My career in the seafood industry will continue as I have taken a position in Boston. It’s been a privilege learning and writing about this industry and I’m extremely grateful to Urner Barry and Seafood News for the opportunity they have offered me over the last six years to serve you, our readers.

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