IN BRIEF - Frozen Cod Imports Drop by Half Compared to Last Year
SOUTH KOREA
Monday, November 25, 2024
The volume of frozen cod imports to South Korea in 2024 has more than halved compared to the previous year.
South Korea imported 504 tons of frozen cod in October, a 41% decrease from the 848 tons imported during the same period last year. Cumulative imports from January to October totaled 5,250 tons, down 50% from 10,569 tons in the same period in 2023. Frozen cod accounted for just 0.72% of the total seafood imports of 732,192 tons.
Most frozen cod imports came from Russia, which supplied 96% of the total volume, or 5,029 tons. The remaining imports were sourced from the United States (125 tons), Canada (75 tons), and China (20 tons). By country, import prices were USD 3.06/kg for Russian cod, USD 2.73/kg for U.S. cod, USD 2.60/kg for Chinese cod, and USD 1.88/kg for Canadian cod, with Canadian cod being the cheapest.
In monetary terms, frozen cod imports in October amounted to USD 1.13 million, a 52% decrease from USD 2.35 million in the same period last year. Year-to-date import value stood at USD 15.94 million, down 59% from USD 39.14 million in 2023. The average import price per kilogram was USD 3.04, an 18% decline from USD 3.70 in the same period last year.
For reference, the domestic wholesale price of frozen cod (Russian origin, 18.5kg, size L) is trading at approximately KRW 88,000 (USD 62.82).
Precautionary measure due to low biomass in the Loligo
The Falkland Islands Fisheries Department confirms that fishing within the Loligo Box will be paused for a period of around two weeks as a precautionary measure due to low Loligo squid biomass.
This decision has been taken following close engagement with the fishing industry and reflects a shared view that a temporary cessation of fishing activity represents the most appropriate course of action. Targeted trawling carried out by the fishing industry, and coordinated by the Department, will take place throughout the Loligo Box on 12 August in order to obtain more information on the distribution of squid throughout the fishing area.
This precautionary approach reflects the Department’s commitment to the long-term stock sustainability and responsible management of the fishery.
The Department will continue to work with industry partners throughout this period and will provide further updates once further information is available.
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Source: Industrias Pesqueras | Read the full article here
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The incident involving the Rara Avis, a flat-bottomed schooner modelled after Thames barge lines.There were 25 French people on the boat, and no reported injuries. Those aboard were temporarily transferred to Clare Island while Mowi prepared to remove the vessel
Author: Gareth Moore / fishfarmingexpert | Read the full article here
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Source: The Fish Site | Read the full article here
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Author: Luis Carlos Llera / La Voz de Galicia | Read the full article here
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Foto: Chancay Port / Ocean Alliance
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Toyosu shows strong segmentation between fresh and frozen tuna Japan
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SOUTH KOREA
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FALKLAND ISLANDS.png)
The Falkland Islands Fisheries Department confirms that fishing within the Loligo Box will be paused for a period of around two weeks as a precautionary measure due to low Loligo squid biomass.
NEW ZEALAND
FFA members seek to capture greater economic benefits from their tuna resources through local participation and value-added development.
BELGIUM
The new EU regulation on packaging and packaging waste has entered into force today. The regulation—the implementation of which is causing uncertainty within the seafood canning and processing sector—introduces strict limits on per- and polyfluoroalkyl substances (PFAS, known as "forever chemicals") in food-contact packaging, with the aim of providing "greater protection for consumers and the environment." The rule also represents a step forward in harmonizing definitions for manufacturers and producers responsible for extended producer responsibility regarding packaging. Additionally, specific labeling and information requirements will apply to packaging, ensuring that manufacturers or importers can be identified and contacted as necessary.
REPUBLIC OF IRELAND.png)
The near-70-year-old vessel barged over the top of one pen at Mowi’s Portlee Smolt site, Clare Island, in County Mayo before coming to rest inside a second pen after an apparent navigation error.
ANTARCTICA
The Antarctic krill fishery is rapidly approaching its seasonal catch limit and is expected to close before the end of August 2026, marking the second consecutive year of an early shutdown for the Southern Ocean fleet.
DENMARK.png)
BioMar
SINGAPORE
Singapore-listed group establishes Timor Aquahub to develop lobster farming, seafood processing and exports
BANGLADESH
Both countries aim to advance sustainable management, research and technology transfer..png)
Emergency measures aim to prevent mass fish deaths during South Korea's extreme summer heat
Barely three weeks into the fishing season, and following an assessment of the fishing grounds, the Falkland Islands government has suspended the *Loligo* squid campaign. This species is one of the most important resources yielded by the waters surrounding the British-administered islands—waters that are the subject of a sovereignty dispute with Argentina. The suspension has a direct impact on the port of Vigo and its processing industry, as Vigo is the primary hub for processing and exporting squid that has been flash-frozen at sea aboard factory ships; these vessels belong to joint-venture fleets involving Vigo-based shipowners and Falkland Islands business partners. 
