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.
Conxemar, the International Frozen Seafood Products Trade Fair, has launched a new visual identity for its 27th edition, which will take place in Vigo from October 6 to 8 of this year under the slogan “Where Blue Business Happens.” The rebranding of the fair is part of “the evolution of its brand architecture and consolidates its role as one of the key events within the association's strategy,” explains Conxemar, which launched a new logo last November.“This redesign reflects the evolution of the event and the need to adapt to an increasingly global and competitive environment
Source: Industrias Pesqueras | Read the full article here
For many years, Aquaculture UK, the country’s biggest trade event for the aquaculture sector, has been synonymous with the Highland town of Aviemore. All that is about to change, however, as the city of Glasgow prepares to host the show for the first time in recent years.
Aquaculture UK, to be held this year from June 16-17 at the Scottish Event Campus (SEC) by the River Clyde in Glasgow, has moved from its long-term base to Scotland’s biggest city. It will mean, say organisers Diversified Communications, that the event will be able to accommodate the growing demand for exhibition space and provide easy access for exhibitors and visitors.
Author: Robert Outram / Fish Farmer | Read the full article here
Fagerberg is now firmly established in Iceland. The leading supplier of supply sensors, instruments and valves for both land-based facilities, fish farms and coastal fish farms integrated Icelandic company, Vermi back in 2024. The move combined Vermi's local expertise with Fagerberg’s global reach, enhancing the company’s ability to deliver expert solutions to Iceland.
Branch manager of Fagerberg Iceland, Aðalsteinn Möller now leads with a deep understanding of the Icelandic industrial landscape. His extensive experience in geothermal plants, heating plants, underground wastewater, data centres, and other industrial processes brings a wealth of knowledge and expertise to the team.
Chief executive Frode Arntsen points to best biological results the company has seen in 10 years in Norway
In Norway, the world's second largest Atlantic salmon farmer delivered an operating profit of NOK 1.536 billion (£122 million) in the first quarter. The harvest volume was 56,300 gutted weight tonnes, while operational EBIT per kilo ended at NOK 27.3.
For the group as a whole, operational EBIT was NOK 1.512bn (Q1 2025: NOK 798m), with a harvest volume of 60,300 gwt and an EBIT per kilogram of NOK 25.1.
Author: Ole Andreas Drønen / fishfarmingexpert | Read the full article here
The Navalia 2026 trade fair opens its doors today in Vigo with its largest edition ever. The Ifevi exhibition center is too small for an event that will bring together 602 exhibitors, 13% more than in 2024, and nearly 1,200 represented brands, occupying all four pavilions of the fairgrounds.
Navalia, which lasts three days, has established itself as Spain's leading shipbuilding trade fair and one of the three most important in Europe. The organizers highlight the strong international presence of this edition, with the addition of five new countries: Bulgaria, Chile, Egypt, Hong Kong, and Ireland, joining the usual delegations from Europe, Asia, and the Americas.
Author: A. Pascual / La Voz de Galicia | Read the full article here
Balfegó Grup begins its annual bluefin tuna (Thunnus thynnus) fishing campaign today, May 19. The company, based in L’Ametlla de Mar, will have until July 1 to catch a total allocated quota of 4,045 tons, the result of agreements established with various Spanish, French, and Italian vessels that supply Balfegó.
For this campaign, Balfegó will deploy a fleet of 13 purse seine vessels—including its own vessels Frau II and Tio Gel Segundo—as well as 26 auxiliary vessels, and will generate more than 350 direct jobs.
The company is confident that weather conditions will allow the campaign to proceed smoothly. This campaign will once again be carried out under the B Corp seal, a certification that Balfegó obtained in March 2024, becoming the first company in the Spanish fishing sector to achieve it.
Source: ipac, aquacultura | Read the full article here
SB1 Markets has downgraded Atlantic Sapphire to “sell” from “neutral” and cut its target price to NOK 0.8 from NOK 7.5, according to a note reported by Finansavisen/TDN Direkt.
The bank cited weaker salmon price assumptions, higher farming costs and continued cash burn behind the downgrade.
SB1 Markets said it had lowered its 2026 forecasts due to weaker expected salmon prices and higher farming costs in the first half of the year. It also pushed back the assumed start of Atlantic Sapphire’s planned phase two expansion to the second half of 2027.
Source: SalmonBusiness | Read the full article here
Princes Group shifts to MSC-Certified Iberian sardines, strengthening sustainable sourcing. Princes has announced it is now sourcing its sardines from the Marine Stewardship Council (MSC)-certified Iberian purse seine fishery, marking a further step forward in its commitment to independently certified sustainable seafood.
The Iberian sardine fishery achieved MSC status in July 2025, confirming that Iberian sardines (European pilchard) meet globally recognised standards for sustainable fishing. Criteria include stock health, ecosystem impact and effective fisheries management.
A report by BIM and Atlantic Technical University analyzes 88 offshore wind farms and emphasizes that coexistence depends on the type of fishing gear, early planning, and the co-design of infrastructure.
The expansion of offshore wind in European waters has once again brought the debate about the coexistence of renewable energy and fishing activity to the forefront. A report prepared by Bord Iascaigh Mhara (BIM) and Atlantic Technical University (ATU) analyzes the interactions between offshore wind farms and fisheries in Europe over a twelve-year period, using fishing effort data and 88 operational installations.
Ocean Ecology delivers practical science, robust surveys and trusted fish health expertise
As the aquaculture sector faces increasing regulatory scrutiny alongside ongoing commercial pressures, operators need partners who can deliver reliable, defensible data and practical expertise, without unnecessary cost or complexity.
Ocean Ecology and Tritonia (part of the Ocean Ecology Group), working in collaboration from the European Marine Science Park in Oban, provide integrated environmental, survey and fish health services supporting aquaculture projects from site selection through to operation and compliance.
SOUTH KOREA
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..png)
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Conxemar,
UNITED KINGDOM
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Branch manager of Fagerberg Iceland, Aðalsteinn Möller now leads with a deep understanding of the Icelandic industrial landscape. His extensive experience in geothermal plants, heating plants, underground wastewater, data centres, and other industrial processes brings a wealth of knowledge and expertise to the team. 
NORWAY
Chief executive Frode Arntsen points to best biological results the company has seen in 10 years in Norway
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Balfegó Grup
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Princes Group 
EUROPEAN UNION
A report by BIM and Atlantic Technical University analyzes 88 offshore wind farms and emphasizes that coexistence depends on the type of fishing gear, early planning, and the co-design of infrastructure.
Ocean Ecology delivers practical science, robust surveys and trusted fish health expertise
