IN BRIEF - Frozen Octopus Imports to South Korea Drop by 43%
SOUTH KOREA
Friday, November 01, 2024
September 2024 marked a significant decrease in South Korea’s frozen octopus imports, which fell by 43% compared to the previous year.
The import volume for the month totaled 145 tons, a sharp decline from 253 tons recorded in September 2023. For the year-to-date, cumulative imports reached 1,672 tons, a 30% decrease from 2,392 tons in the same period of 2023, constituting just 0.26% of South Korea's total seafood imports of 651,137 tons.
Click on the image to enlarge
The majority of the frozen octopus imports came from Mauritania, which contributed 77% of the total volume (1,282 tons). Other notable suppliers included Venezuela (120 tons), China (111 tons), the Philippines (76 tons), and Indonesia (26 tons). Import prices varied among suppliers, with Mauritania leading at USD 9.43/kg, followed by Venezuela at USD 5.68/kg. Indonesia offered the lowest average price at USD 5.35/kg.
In September, the total import value for frozen octopus was USD 1.04 million, reflecting a 33% drop from USD 1.55 million in September 2023. The cumulative import value for 2024 stood at USD 14.32 million, a 28% decline compared to USD 19.85 million during the same period last year. Despite the reduction in import volume, the average price per kilogram increased by 3%, from USD 8.30 in 2023 to USD 8.57 in 2024.
This significant decline in both the volume and value of frozen octopus imports may influence the domestic seafood market, potentially impacting supply and pricing dynamics.
With a surface area of ??90,000 m2, when it is completed in 2028, it will have a capacity of more than 100,000 tons of products
The biotechnology company for the production and transformation of the insect Tenebrio molitor, celebrated this Wednesday, January 15, in Salamanca, the symbolic act of laying the first stone of what will be the largest insect farm in the world. In it, the company's managers, its founders Adriana Casillas (CEO) and Sabas de Diego (CTO) were supported by institutional representatives and leaders of the sector in what is considered "a decisive step towards the future of the biotechnology industry."
Source: iPac.acuicultura l Read the full article here
The red tuna campaign in the Canary Islands will begin this year nine days earlier than in 2024. The General Secretariat of Fisheries has confirmed that the island fleet will be able to start catches on January 20, in response to the demands of the fishing sector and with the aim of taking advantage of the passage of this species through the waters of the Canary fishing ground. According to the resolution published in the Official State Gazette (BOE), a total census of 250 vessels will be authorized to fish a quota of 537.69 tons of red tuna from Monday.
Source: Industrias Pesqueras l Read the full article here
Committee says regulators should have option to halt production at sites with persistant problems
The Scottish Government should provide powers to regulators to limit or halt production at fish farms which record persistent high mortality rates, a committee of MSPs has said.
The suggestion is the stand-out recommendation in a newly published report by the Scottish Parliament’s Rural Affairs and Islands Committee (RAIC) that results from an inquiry into Scotland’s salmon farming sector last year.
Author: Gareth Moore / fishfarmingexpert l Read the full article here
Indonesia has taken a ground-breaking step by upgrading its national seafood traceability system, Stelina, to be compatible with the Global Dialogue on Seafood Traceability (GDST) Standard. This makes Indonesia, one of the largest global seafood exporters, the first country to align a government-led system with international standards that ensure its seafood products meet the highest global traceability and sustainability requirements.
Waitrose, the upmarket supermarket chain, is promoting a traditional French cooking method for fish, with Scottish salmon leading the drive.
Called En Papillote, the technique is known for producing a rich, aromatic flavour. Waitrose.com says it has seen a surge in searches for “ready to cook fish” and “fresh fish” up 100% and 59% respectively over the last seven days.
The marketing campaign also designed to help people overcome their fear of cooking fish.
The new products include Wild Garlic Scottish Salmon; Thai Green Inspired cod fillets; and Provençal Inspired Haddock Fillets.
Author: Vince McDonagh / Fish Farmer l Read the full article here
Iceland increased its aquaculture exports by 16% in 2024 compared to the previous year. The local industry portal notes that commercial fish farming has become an important part of the republic's economy.
In monetary terms, the volume of aquaculture exports over the past year amounted to 54 billion Icelandic crowns (384 million dollars), a Fishnews correspondent reports, citing foreign industry media. At the same time, the share of farmed products in the total export of aquatic bioresources increased to 15%, and in all foreign sales of Iceland - to 6%.
Click on the image to enlarge it
The largest revenue source is aquaculture cod, followed by salmon and haddock in third place.
Fish farming has already become an important part of the republic's economy, and its importance will only increase in the coming years, notes the Icelandic industry portal. The author emphasizes that such developments increase export diversification and increase foreign currency inflows into the country's economy.
As of early 2025, Russian fishermen have harvested approximately 158,000 tons of aquatic bioresources, reflecting a 3% increase compared to the same period in 2024, according to the Federal Agency for Fisheries' monitoring system.
Regional Catch Overview:
Far Eastern Basin:
Total: 143.3 thousand tons (+4% compared to 2024)
Pollock: 86.2 thousand tons
Pacific herring: 47.7 thousand tons
Cod: 4.9 thousand tons
Northern Basin:
Total: 7.4 thousand tons
Cod: 4.9 thousand tons
Haddock: 1.3 thousand tons
Western Basin:
Total: 1.3 thousand tons (+55% compared to 2024)
Baltic herring: 0.7 thousand tons
Sprat: 0.6 thousand tons
Azov-Black Sea Basin:
Total: 1.1 thousand tons
Anchovy: 1.1 thousand tons
Volga-Caspian Basin:
Total: 2.1 thousand tons (3.5 times the 2024 level)
Sprat: 2.1 thousand tons
Beyond Domestic Waters:
In exclusive economic zones of foreign states, conventional areas, and the open ocean, Russian fleets harvested an additional 2.5 thousand tons, marking an 18.6% increase from the same period in 2024.
Reston, VA – We are disappointed that the Food and Drug Administration is proposing still more significant, unnecessary regulation in the waning hours of the Biden Administration. The proposed front of package labeling is redundant and could deliver an inaccurate message to consumers including healthy seafood in their diets.
By focusing on negative saturated fats, FDA misses the point and misleads label readers. Fish, such as salmon, contain almost entirely unsaturated essential omega-3s, the healthiest fatty acids found in any protein. Meanwhile, the planned labeling provides no way to highlight nutritious components of the product, including for fish, the unsaturated fats associated with brain and heart health.
In the case of seafood, this regulation is essentially pointless and can confuse consumers while adding an unneeded compliance burden to American producers who will need to retool their labels for the massive U.S. market.
The incoming Trump Administration should withdraw the proposal in its entirety.
Tor André Kandal is the new hire of Garware Technical Fibres Norway, who comes to strengthen said team as sales director and when it comes to working with networks - in the supplier chain - he is far from being a novice, since he was previously project coordinator in the western region and in the center of Mowi, where he was responsible for cage systems, cultivation networks, services and others for three years.
Prior to his work at Mowi, he served for four years as regional sales and marketing manager in the west, center and south of Mørenot. “I know Garware well, thanks to years of good cooperation as a client, as they work closely with the industry to develop the best products,” says Kandal.
Source: MundoAcuicola l Read the full article here
The drone and maritime equipment company operates a shrimp aquaculture ship in Ecuador and has opened a branch in Washington to increase its presence in the United States
The Nigerian company Marine Instruments is a great example of exporting technology made in Galicia. The firm specializing in the manufacture of drones and maritime equipment is increasing its presence in the international market and already employs 180 people in various geographies. In addition, it has opened a branch in Washington in order to strengthen its business in the ambitious North American market, as explained by Gabriel Gómez Celaya, general manager of the electronic equipment company
Source: La Voz de Galicia l Read the full article here
China's Deep-Sea Squid Price Index 2024: Operational Research Report China
Index Performance
In 2024, China's ocean squid price index demonstrated significant overall growth, with only slight declines in January, May, July, and November. The index reached its highest histor...