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).
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Khanh Hoa has licensed 99.9% of eligible fishing vessels, while 100% of vessels 15 metres or longer have VMS. In June, all 6,252 tonnes of seafood landed at ports were electronically recorded to ensure traceability.
New legislation proposes incorporating eDNA to improve scientific assessments of marine stocks.
The Fisheries Science Modernization Act of 2026 would direct NOAA Fisheries to establish a pilot program validating environmental DNA (eDNA) across different regions and species. The initiative aims to expand sampling, develop national standards, and complement traditional survey methods for more accurate and efficient fisheries management.
Rising sea temperatures and shifting ocean currents could reduce fish populations.
Fisheries Minister Jelta Wong urged stronger sustainable fishing, catch limits, monitoring and marine protected areas to safeguard fisheries resources and food security.
Delegates from 26 countries and leading international scientists are meeting for two weeks in Apia to assess fish stocks and strengthen the sustainable management of Pacific fisheries resources.
Samoa has welcomed delegates from 26 countries for the 22nd Regular Session of the Western and Central Pacific Fisheries Commission (WCPFC) Scientific Committee, hosted with the support of Samoa’s Ministry of Agriculture and Fisheries (MAF).
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Discussions will also cover the development of the WCPFC harvest strategy framework, including models and harvesting methods aimed at improving the sustainable management of different fish species.
The meeting seeks to strengthen international cooperation and science-based management to ensure the long-term sustainability of highly migratory fish stocks and safeguard the resources of the Blue Pacific Ocean.
The role will be key to strengthening sustainable tuna management, governance and economic returns for member countries.
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The CEO will be accountable to PNA members through a governance structure involving senior government officials, ministers and national leaders
PureSalmon has secured environmental authorisation for its planned 10,000-tonne land-based salmon facility in Le Verdon-sur-Mer, France, marking a significant milestone for the project.
The authorisation for the project, which will operate under the name Saumon du Médoc, was granted by French authorities on 3 August 2026. It follows the building permit issued in June, a positive public inquiry commission opinion and a favourable opinion from CODERST, the Departmental Council for the Environment and Health and Technological Risks, issued on 2 July.
Japanese seafood group Nissui has reported a slower-than-planned recovery at newly acquired Chilean salmon farmer Pesquera Yadran after fish disease reduced survival and low oxygen levels restricted feeding and slowed growth.
Yadran recorded lower survival rates and lower fish weights than Nissui had expected during the first quarter, the company disclosed in its latest investor presentation.
Fish disease was responsible for the lower survival rates and also increased disease-related costs, while low dissolved oxygen levels resulted in feeding restrictions that slowed salmon growth
Source: SalmonBusiness | Read the full article here
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Krishna Sri Kotikalapudi left her technology career to enter aquaculture and now manages 105 acres of shrimp farming operations in Andhra Pradesh.
An Electrical Engineering graduate, Kotikalapudi is involved in a family operation spanning nearly 800 acres, applying a technical approach to pond management, health and feeding. She also shares practical aquaculture knowledge with around 14,000 followers on social media, helping promote more efficient and science-based farming practices.
Chancay: South America's Shanghai or a Chinese Myth? Peru
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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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VIET NAM
The Vietnamese province is advancing efforts to lift the European Commission’s “yellow card” and build sustainable fisheries.
UNITED STATES
New legislation proposes incorporating eDNA to improve scientific assessments of marine stocks.
PAPUA NEW GUINEA
Rising sea temperatures and shifting ocean currents could reduce fish populations.
SAMOA.png)
Delegates from 26 countries and leading international scientists are meeting for two weeks in Apia to assess fish stocks and strengthen the sustainable management of Pacific fisheries resources..png)
The meeting seeks to strengthen international cooperation and science-based management to ensure the long-term sustainability of highly migratory fish stocks and safeguard the resources of the Blue Pacific Ocean.
MARSHALL ISLANDS.png)
The 
FRANCE
PureSalmon
JAPAN
Japanese seafood group 
UNITED KINGDOM.png)
Five new licences will allow bluefin tuna catches in Wales, Jersey and Scotland.
NEW ZEALAND
New Zealand has fast-tracked approval for the Hananui Aquaculture Project, led by Ngai Tahu Seafood Resources Limited, to develop an open-ocean salmon farm across about 2,500 hectares, located 2–6 km off Rakiura/Stewart Island. The project includes four marine farms, around 80 circular net pens and a production target of up to 14,400 tonnes of salmon per year.The development is expected to strengthen aquaculture production, exports and regional employment. 
INDIA.png)
An Electrical Engineering graduate, Kotikalapudi is involved in a family operation spanning nearly 800 acres, applying a technical approach to pond management, health and feeding. She also shares practical aquaculture knowledge with around 14,000 followers on social media, helping promote more efficient and science-based farming practices.
