IN BRIEF - South Korea's Frozen Alaska Pollack Milt Imports in October: Volume Rises, Value Drops
SOUTH KOREA
Tuesday, November 19, 2024
In October 2024, South Korea’s imports of frozen Alaska pollack milt increased in volume but experienced a decline in value.
According to customs data, the country imported 154 tons of frozen pollack milt during the month, a 15% rise from the 134 tons imported in October 2023. However, cumulative imports from January to October totaled 9,691 tons, representing a 4% decrease compared to the 10,117 tons imported during the same period in 2023. These imports accounted for 1.3% of South Korea’s total seafood imports, which stood at 732,192 tons.
Russia maintained its position as the dominant supplier, contributing 95% of the imports (9,235 tons), while the remaining 456 tons were sourced from the United States. Import prices were comparable, with Russian products priced at USD 2.30/kg and American products at USD 2.29/kg.
Despite the increased volume, the overall value of imports declined sharply. The import value for October amounted to USD 320,000, a 25% drop from USD 430,000 recorded in October 2023. For the January-to-October period, the cumulative value reached USD 22.3 million, marking a steep 35% decrease compared to USD 34.29 million in 2023. The average import price for frozen pollack milt stood at USD 2.30/kg, a notable 32% reduction from the previous year’s USD 3.39/kg.
PINE BLUFF, Ark. — Dr. Steve Lochmann, a professor of fisheries management and ecology at the University of Arkansas at Pine Bluff (UAPB), has been elected 2nd vice president of the American Fisheries Society (AFS). Set to be installed on Sept. 1, Dr. Lochmann will enter the presidential rotation for the world’s oldest and largest professional aquatic society.
Representing over 5,000 professionals and students globally, the AFS focuses on the conservation and research of North American and international aquatic resources. UAPB Chancellor Dr. Anthony Graham noted that the election reflects Dr. Lochmann’s national reputation and the university's commitment to advancing natural resource research.
Dr. Lochmann has a deep history with the organization, having served as president of the AFS Arkansas Chapter, the Southern Division, and the Fish Culture Section. In his new role on the Executive Committee, he aims to enhance member engagement and continue training the next generation of biologists. By bringing students to national meetings, he ensures they connect with experts from state, federal, and private sectors to address modern ecological challenges.
Fisheries and Oceans Commissioner Costa Kadis confirms for the second time this year a FARO investigation into illegal fishing. Two Ghanaian-flagged vessels maintained their authorization to sell in the EU despite having lost their license due to predation: Brussels now assures that the official TRACES registry "is not a fishing control tool"
In its October 20 edition, FARO published the results of an investigation into illegal fishing, which showed that Chinese-flagged vessels had maintained permits to sell their catches in the European Union despite having been formally sanctioned for irregular activities, in this case by the North Pacific Fisheries Commission (NPFC).
Author: Lara Graña / Faro de Vigo | Read the full article here
Namibia is poised for a blue revolution as salmon farming prepares to transform a coastline traditionally dominated by capture fisheries since the 1940s. While the current commercial fishing sector yields approximately 300,000 tonnes annually, it faces mounting pressure from climate change, illegal fishing, and a rising seal and whale population.
By contrast, Norway—a global leader with a 100,000km coastline—produces over 1,200,000 tonnes of salmon. Leveraging its pristine waters and political stability, Namibia aims to replicate this success. Existing license holders are projected to produce over 50,000 tonnes of salmon, valued at roughly N$6.4 billion.
Economic & Social Impact
Revenue: Expected injection of N$6.4 billion into the national economy.
Employment: High potential to absorb skilled labor from traditional fisheries.
Regional Leadership: Potential to become the food production hub of Southern Africa.
Hiskia Asino, chairperson of the Universal Aquaculture Association and PhD candidate at UNAM Sam Nujoma Campus, emphasizes that institutional research and updated regulations are vital for this "ground-breaking" transition.
Despite his struggles with the courts, U.S. President Donald Trump is continuing his push to block offshore wind power development with all the tools at his disposal – including buying out the developers.
Trump has made blocking offshore wind projects a priority during his second term, immediately issuing an executive order pausing federal approval of wind projects on the Outer Continental Shelf after resuming office in January 2025. He followed up that order by issuing stop work orders for two of the larger wind farms developments on the East Coast, although those orders were ultimately rescinded.
Author: Nathan Strout / SeafoodSource | Read the full article here
Atlantic salmon spot prices reached 6.71 EUR/kg in the week ending April 28, according to Kontali, as a shorter harvest and trading week tightened near-term availability.
Kontali revised its May and early summer price outlook slightly upward. The coming six months are expected to see lower supply growth and intensifying competition for available volumes.
February supply reached 244,000 tonnes whole fish equivalent, up 16% year-on-year, according to Kontali’s April 29 market update.
Source: SalmonBusiness | Read the full article here
Scotland-based aquaculture innovation body SAIC is inviting experienced professionals from across aquaculture and related fields to join its independent Science Panel. The call is open until May 29.
Established in 2014 as the Scottish Aquaculture Innovation Centre and recently re-named as the Sustainable Aquaculture Innovation Cluster Ltd, SAIC aims to accelerate sustainable growth across Scotland’s aquaculture sector by funding and facilitating collaborative R&D activity. It connects businesses with researchers to tackle key challenges, enhance productivity, reduce environmental impact, and support long-term resilience across finfish, shellfish, and seaweed.
Source: fishfarmingexpert | Read the full article here
The UAE’s fisheries sector is entering a new era of transparency as Fujairah officially joins the SFS Fisheries system. This pioneering platform, developed by Seafood Souq, is the first of its kind in the region designed to track fish landings and verify the origin of local catch.
The expansion was formalized via an MoU between the Fujairah Fishermen Association and Seafood Souq, signed by Fahim Al Qasimi and Mahmood Hassan Al Ali. Supported by the Ministry of Climate Change and Environment, the initiative aims to create a unified, sustainable management framework across all emirates.
Key Impact & Data:
Proven Success: In Sharjah, the system has already digitally verified over 140,000 kilograms of seafood from 130+ vessels and 50 local species.
Tech Integration: Each vessel is assigned a unique QR code linked to a mobile app and electronic logbook.
Full Traceability: Real-time data on catch type, origin, and quantity replaces manual systems, ensuring "sea-to-market" authenticity.
Fahim Al Qasimi noted that digital traceability is essential for global competitiveness, positioning UAE seafood to access high-value international markets while ensuring long-term ecological sustainability.
On April 28, the National Fisheries Technology Extension Center and the China Fisheries Society convened a high-level seminar in Beijing to accelerate the development of standard systems for ecological fisheries in large waters.
The event brought together 17 experts from leading research institutions and private enterprises to ensure the industry's high-quality and sustainable growth.
Guo Chuanbo, a researcher from the Institute of Hydrobiology at the Chinese Academy of Sciences, led the session by presenting the progress of the draft standards. Participants engaged in rigorous discussions regarding:
Basic Definitions and industry terminology.
Capacity Assessment and operational management.
Aquaculture Models tailored for large-scale environments.
The meeting highlighted that these standards are vital for implementing the "broad food concept" and advancing rural revitalization. Moving forward, the Fisheries Research Institute will integrate expert feedback into a formal work plan, focusing on ecological protection and farmer-linkage benefits to streamline the legislative framework for the industry.
The blockage of one of the most strategic maritime routes is driving up the costs of energy, fertilizers, and inputs, with direct effects on fishing, agriculture, and agri-food chains.
The crisis in the Strait of Hormuz has raised alarms at the FAO due to its consequences for global agri-food systems. The organization's Director-General, Qu Dongyu, warned the FAO Council that the disruption of maritime routes in the Gulf threatens the supply of energy, fertilizers, and essential raw materials, in a context of intense pressure on the fishing sector and the entire food chain.
The latest FAO report now confirms that 99% of tuna landings come from sustainable sources.
ISSF highlights the progress of tuna fisheries; Bermeo Tuna and Tunacons organize activities to emphasize their contribution.
As it has every May 2nd for the past 10 years, the fishing sector commemorates World Tuna Day, proclaimed by the UN General Assembly.
In 2017, only 75% of tuna catches came from healthy stocks. The latest FAO report now confirms that 99% of tuna landings come from sustainable sources.
Source: Industrias Pesqueras | Read the full article here
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