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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Author: Vince McDonagh / Fish Farmer | Read the full article here
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Source: SalmonBusiness | Read the full article here
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SOUTH KOREA
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PORTUGAL
Direct grants will offset higher fuel and fertiliser costs caused by the Middle East crisis
UNITED STATES
CHILE
ICELAND.png)
Fiskistofa will deploy unmanned aircraft throughout September 2026 to monitor fishing operations and discards.
RUSSIAN FEDERATION
Novosibirsk State University scientists are developing a high-protein feed additive from Yarrowia lipolytica, with no current Russian equivalent.
Trident Aqua Services has celebrated the naming of Grip Discovery in Puerto Montt, Chile, together with customer Multi X. Delivered from Sefine Shipyard and designed by Salt Ship Design AS, the vessel is the largest and most advanced wellboat currently operating in Chile, with a well capacity of 4,000 m³.Built to support a wide range of aquaculture operations, Grip Discovery combines advanced fish handling systems, high biosecurity standards and substantial freshwater treatment capacity. The vessel introduces a new generation of wellboat technology to the Chilean salmon industry, bringing together large-scale freshwater production, battery-hybrid propulsion and highly efficient treatment systems in a single platform.
NORWAY.png)
The incidents are being seen as one of the most serious episodes in a single area for some time.
Norwegian salmon exports reached a monthly record in August, with 153,602 tonnes shipped at a value of NOK 12.3 billion (€1.14 billion).
MALAYSIA.png)
