Frozen squid tube imports to South Korea have seen a substantial decline this year.

As of October 2024, total imports amounted to 15,883 tons—a 46% decrease compared to 29,285 tons imported during the same period in 2023. However, October’s imports alone reached 3,084 tons, up 17% from 2,639 tons in October of last year.

These cumulative imports represent just 2% of the global frozen squid tube import volume, which stood at 732,192 tons. South Korea’s main suppliers were China and Chile, with China contributing 8,793 tons (55% of total imports) and Chile supplying 5,791 tons (37%). Other sources included Peru (715 tons), Argentina (315 tons), Indonesia (166 tons), and Taiwan (98 tons).

Average unit prices also varied significantly by country, with Argentine squid tubes fetching the highest price at USD 6.12/kg. China’s imports averaged USD 2.41/kg, while Chile and Peru followed at USD 1.93/kg and USD 2.13/kg, respectively. The overall average import price increased by 19%, reaching USD 2.32/kg from last year’s USD 1.94/kg.

The total import value of frozen squid tubes in October rose to USD 8.22 million, marking a 69% increase from USD 4.86 million in October 2023. However, cumulative import value for the year to date was USD 36.82 million, representing a 35% decline from last year’s figure of USD 56.71 million.

Source: Union Forsea Corp.

Seremoni, which was launched last month and aims to deliver “Michelin-calibre” fish directly to local grocers and restaurants, has announced it has hired Michael Fabbro.

Fabbro brings over 25 years of experience in the food industry, building brands and scaling businesses, and has been tasked with accelerating Seremoni’s growth in the premium seafood space.

According to Seremoni, Fabbro’s most recent role, as CEO of land-based salmon producer LocalCoho, “saw him lead strategic growth and innovation in sustainable food production” and“positioned the company as a pioneer in responsible aquaculture”.

Source: The Fish Site l Read the full article here

The Canadian government’s decision to ban open net pen salmon farming in British Columbia by 2029 has been described as “idiotic” and a “travesty” after a Chilean trade attaché predicted that it could benefit Chile’s salmonid industry.

Canadian fish farmers regard the upcoming BC net pen ban as a vote-seeking move by the ruling Liberal Party and have pointed out that several studies by the government’s own scientists have concluded that salmon farming poses no more than a minimal risk to wild salmon.

Author: Gareth Moore / fishfarmingexpert l Read the full article here

With a total export volume of 52,476 MT, shrimp exports from Indonesia in Q3 2024 increased by 2% year over year. This is the first quarterly year-over-year increase since Q2 2022. It’s also an increase of 17% compared to Q2 2024, which is exceptionally high compared to previous years. The year-over-year export increase was mainly achieved in August, when exports increased 11% year-over-year. Exports were flat and 3% behind year-on-year in July and August. The Year-Total now stands at 145,808 MT, 6% behind 2023.

Source: Fish Focus l Read the full article here

06 - 09 Oct 2025 - Bali, Indonesia

Annual meetings of the Extended Commission are hosted by Members in rotation. 

The Extended Commission reports to the Commission and consider matters including: (a) Interpretation or implementation of the Convention and measures adopted pursuant to it, such as deciding upon a total allowable catch and its allocation among the Members; (b) Regulatory measures for conservation, management and optimum utilisation of southern bluefin tuna; (c) Matters which are reported by or entrusted to the Extended Scientific Committee; (d) Matters which may be entrusted to the Secretariat; (e) Other activities necessary to carry out the provisions of this Convention.

About CCSBT

The Commission's objective is to ensure, through appropriate management, the conservation and optimum utilisation of the global  Southern Bluefin Tuna fishery. The Commission also provides an internationally recognised forum for other countries/entities to actively participate in SBT issues.

LAXEY and Baader in Iceland have entered into an agreement for the supply of processing equipment for LAXEY's upcoming slaughterhouse for farmed salmon. 

In the picture, Kristmann Kristmannsson, project manager of processing and procurement at LAXEY, and Daði Pálsson, managing director of LAXEY, seal the contract with Karl Ásgeirsson, sales manager of Baader in Iceland.

Baader, a global company in the development and production of equipment for salmon processing, is known for solutions designed with production quality and animal welfare in mind. This approach makes Baader a good partner for LAXEY, which focuses on responsible food production while meeting the demands of customers around the world.

The agreement marks a turning point for both companies, who are looking forward to strengthening their position in the rapidly growing market for land heating in Iceland. For LAXEY, the partnership is important in securing equipment and production technology, which will support its plans for high-quality products for the global market.

Ichimasa Kamaboko announced on the 12th that at the board of directors meeting held on the same day, it had resolved to acquire additional shares in PT.KML ICHIMASA FOODS, an Indonesian equity method affiliate, and make it a consolidated subsidiary. 

This decision was made as part of the company's efforts to build and expand its overseas business, with the aim of becoming a "global company that contributes to the world through Japanese food." (Hosoyama Shinichi)

PT. KML ICHIMASA FOODS (KIF) is one of the biggest crab stick manufacturers in Indonesia, KML Ichimasa foods was a joint venture between the KML group in Indonesia and Ichimasa Kamaboko Japan. Joint Venture started in 2015 and the Bogor processing plant with a 2500 MT yearly capacity was inaugurated in 2016.

The crab stick is formulated by experts from Ichimasa Kamaboko Japan, by adapting the manufacturing techniques from Japan and supported with high-quality main raw material surimi from KML Food.

Our product is made from fresh surimi and fine ingredients that are blended perfectly by highly trained manpower to shape and resemble crab leg with its fine natural color.

Rehovot – Steakholder Foods Ltd. (Nasdaq: STKH) today announced that it has received its second-phase payment of USD 270,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD). To date the Company has received a total of USD 490,000 from the USD 1,000,000 grant awarded to Steakholder Foods from SIIRD. 

The first installment was disbursed in March 2024 following the Company’s successful production of 3D-printed hybrid fish using its proprietary Printer HD144 and Drop Location in Space (DLS)™ printing technologies. This second milestone payment was triggered by the Company’s creation of plant-based 3D-printed fish and eel. The team is moving forward with new premix blends for the second phase of the project – 3D printed eel.

The team has made great advancements in the creation of eel texture and flavor. These advancements underscore Steakholder Foods' dedication to pushing the boundaries of food technology and offering diverse, sustainable alternatives to traditional seafood.

GroAqua and Bakkafrost have entered into a landmark agreement for the construction of the world’s largest feed barge, set to feature an unprecedented 1,100 tonnes of feed storage capacity and 24 feed lines.

The barge will allow for the simultaneous feeding of 24 pens, marking a significant technological advance in aquaculture infrastructure.

The feed barge will be equipped with GroAqua’s latest automation technology, GroVision, ensuring that the unit operates without the need for human staff onboard.

Source: SalmonBusiness l Read the full article here