Entering an off year, Alaska’s pink salmon fishery is forecasted to have an average-sized harvest in 2024.
Alaskan fishermen caught 152.4 million pink salmon in the 2023 season, valued at USD 113.7 million (EUR 103.5 million), far above the prediction of 122 million fish. According to the Alaska Department of Fish and Game (ADF&G), due to the species’ two-year life cycle, the coming season will see a lower harvest of around 19
… Read MoreIndia’s Marine Products Exports Development Authority (MPEDA) is pushing to double the country's production of value-added seafood over the next seven years.
Value-added seafood products are in higher demand in the U.S, E.U., Japan, and Asia, and deliver higher profits, according to MPEDA Chairman D V Swamy.
“We are aiming to achieve 20 percent value addition by 2030 given the changing preferences in the consumer market and rising
… Read MoreA Pescanova-branded frozen cooked crab product is facing a recall notice from the Spanish Agency for Food Safety and Nutrition (AESAN) over salmonella concerns.
The recall, issued 24 November, covers Nueva Pescanova’s Nécora Cocida Supercongelada product with the lot number 40224. The 500-gram product was sold at the Froiz and Mercamas supermarket chains in Galicia, Madrid, Castilla-La Mancha, and Castilla y León, Spain. It
… Read MoreSapmer and Via Ocean are selling off their vessels and shutting down operations, revealing the increasingly dire circumstances facing the French tuna-fishing fleet.
Via Ocean, formerly known as Armement Saupiquet, is being liquidated by its current owner, Bolton Foods, via its subsidiary Tri Marine. The Concarneau, France-based company is selling its three French-flagged purse-seine vessels, the Via Avenir, the Via Mistral, Via Alizé
… Read MoreAustralia has mandated all its hospitality venues must display the country of origin of the seafood they serve.
State and federal consumer affairs ministers unanimously agreed to make the change at a meeting on Friday, 24 November, following stakeholder consultation and a cost-benefit analysis. The move had been backed by Australia Prime Minister Anthony Albanese and was a top priority of Seafood Industry Australia, the country’s leading
… Read MoreNew Zealand King Salmon has signed an exclusive distribution agreement with China Resources Food Supply Chain, expanding its distribution in mainland China.
The two companies have engaged in a trading relationship since May 2023, through which New Zealand King Salmon has sold around 60,000 kilograms of product, or 2.5 percent of its total sales.
In 2014, the company pulled out of China, saying it could not supply enough product to meet demand.
… Read MoreGlobal shrimp prices are stabilizing at “unfavorably low levels,” pushing many farmers into loss-making situations.
Raw vannamei exports from India were pulling in an average of USD 6.32 (EUR 5.80) per kilo in September, down from USD 7.54 (EUR 6.92) in September 2022 and from USD 6.55 (EUR 6.01) in July 2023 – but up slightly from the USD 6.29 (EUR 5.77) it pulled in in August 2023, according to Shrimp Insights Founder Willem
… Read MoreThe Korean Fisheries Association has expanded a global marketing campaign for South Korean seafood that has opened temporary “pop-up” shops in 17 countries around the world.
As part of the “K-Fresh Journey of Taste” campaign, the association has already put up “pop-up” K·Fish “pop-up” stores in 15 countries, including most recently in Belgium, Canada, and Malaysia. The campaign was recently
… Read MoreChittagong, Bangladesh-based Meenhar Group has closed down after a bank filed suit against it seeking BDT 1.78 billion (USD 16.1 million, EUR 14.7 million).
Bangladesh’s One Bank, which had supplied a loan facility to the company since 2011, filed three separate suits against Meenhar Group subsidiaries in July 2023, seeking BDT 790 million (USD 7.2 million, EUR 6.5 million) from Meenhar Sea Foods, BDT 456 million (USD 4.2 million, EUR 3.8
… Read MoreRancho Dominguez, California, U.S.A.-based Santa Monica Seafood and Montreal, Quebec, Canada-based Lagoon Seafood have completed expansion projects.
In February 2023, Santa Monica Seafood began construction on a new 26,000-sqaure-foot facility in Elkridge, Maryland, U.S.A. The seafood production, packaging, and warehousing facility has now been completed, according to Krusinski Construction Company.
“Following a partial demolition,
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