IN BRIEF - Frozen Capelin Imports Plummet in South Korea
SOUTH KOREA
Tuesday, December 03, 2024
South Korea's import volume of frozen capelin plummeted by a significant 75% in October 2024 compared to the same period in 2023.
The country imported only 70 tons in October 2024, down from 278 tons the previous year. Consequently, the cumulative import volume for the year reached 731 tons, a 32% decrease from 2023.
Key Trends:
Reduced Import Volume: The sharp decline in imports suggests a decrease in demand or supply disruptions.
Price Fluctuations: The average unit import price increased to USD 2.28/kg, despite the overall decline in value.
Country of Origin: Canada, Norway, and Iceland remained the primary suppliers, with varying unit prices.
Potential Implications:
The significant drop in frozen capelin imports may have implications for the domestic seafood market. Reduced supply could lead to price increases or decreased availability of this fish product for consumers.
Domestic Market:
The domestic wholesale price of frozen capelin, sourced primarily from Norway, is currently around KRW 25,000 per 7kg box.
The amendments allow vessels equipped with RSW tanks (refrigerated seawater systems) to operate in multiple fishing areas during a single voyage. Previously, ships were limited to one area per trip, reducing efficiency and increasing costs.
Key changes:
Fishing in two or more zones per voyage is now permitted.
Vessels can operate under permits from different companies within a single trip.
Officials say the new rules provide greater operational flexibility while maintaining strict catch monitoring and control systems, minimizing risks of misuse.
The updated regulations take effect on March 31, 2026.
Authorities state the decision is intended to support fishing businesses and streamline the delivery of chilled fish to onshore processing facilities.
“The industry is growing, and meeting places are evolving accordingly. We see a need to be present where we can best meet customers, partners and decision-makers,” said Ståle Økland, CCO of AKVA group.
The event’s location near Oslo offers improved access for international employees and customers, while also strengthening ties with media and political stakeholders. According to the company, Global Aqua provides a more strategic platform due to its accessibility and lower overall costs.
As the industry expands, AKVA group plans to showcase key innovations, including deep farming technologies, post-smolt solutions, and digital systems, alongside its focus on sustainability in the future of aquaculture.
According to Japan’s Fisheries Agency, Japanese fishermen will be allowed to catch 2,050 tons of salmon within Japan’s 200-mile exclusive economic zone. In return, Japan will pay between 180 million and 313 million yen (approximately $1.13–1.97 million). The quota remains unchanged from 2025 levels.
Lawmakers in Japan’s upper house of parliament ??????????? ???????? ??????????, noting its role in maintaining stable ties between the two nations.
The agreement reflects long-standing cooperation: joint fishing arrangements between Japan and Russia have been in place since 1984–1985, with annual negotiations determining catch limits. The waters of the Pacific Ocean near Japanese islands are key fishing grounds, as they host salmon migrating from Russian rivers.
The renewed deal ensures continued access for Japanese fisheries while supporting regulated, sustainable use of shared marine resources.
SANTIAGO — A report by La Tercera, citing data from the Central Bank of Chile, reveals that the country’s salmon and trout exports are expected to reach $6.55 billion by 2025, marking a 3% year-on-year increase and the third consecutive year of growth.
This performance positions salmon and trout as Chile’s third largest export sector, behind copper and cherries. The industry now represents 6% of total exports, 15% of non-mineral exports, and 48% of processed food exports.
Exports of salmon alone are projected at $6.212 billion, while trout is expected to contribute $338 million.
The United States remains the leading market, accounting for 40% of export revenue—around $2.399 billion. It is followed by Japan with $1.044 billion and Brazil with $796 million, highlighting strong demand across key international markets.
Upon closing of the transaction, Cooke would assume operational control of one of the leading marine aquaculture companies in the Mediterranean.
The Canadian group Cooke Inc. has announced in a press release the signing of a memorandum of understanding through which it will acquire Avramar Greece's debt from its creditors—and therefore the debt of Avramar Aquaculture S.A., Andromeda S.A., Perseus S.A., and Avramar Commercial and Logistics S.A. The Canadian group also states that, in addition to this preliminary agreement to acquire the Greek company's share capital, Cooke will assume operational control of Avramar Greece upon closing of the transaction.
Source: iPac.aquaculture | Read the full article here
New data reveals food and drink manufacturing’s £42bn contribution to the UK economy, providing almost half a million jobs right across the UK
While the sector saw growth in every region of the UK, food manufacturers also saw production costs increase 4.4% on average, rising up to 5.3% for small businesses1
Rapidly rising energy costs are a concern – with energy embedded in every stage of the food and drink manufacturing process, the sector is calling to be included in the British Industrial Competitiveness Scheme to mitigate these costs
FDF is urging government to support the industry in growing to reach £50bn GVA, shoring up industry resilience in the face of persistent shocks and inflation, helping hard-pressed budgets
It’s well known that floating closed containment pens require more electricity than standard net pens, but the difference may be greater than many people realise.
The company has a closed containment pen that has been connected to shore power since 2014, and by 2026 will have three net pen locations with shore power and two with hybrid power.
It therefore has real figures to compare the electricity consumption from closed production to traditional open cages. The figures show a consumption of around 3.87 kWh per kilogram of fish produced in closed pens, compared to 0.07 kWh in open pens.
Author: Ulrik Tallhaug Sydnes / fishfarming | Read the full article here
In a snub to Aqua Nor, the world’s biggest aquaculture trade show, technology group AKVA has opted to switch to its new competitor, Global Aqua.
Global Aqua launches next year with a trade show based at NOVA Spektrum in Lillestrøm, just outside Oslo, taking place over 7-9 September, just a few weeks after Aqua Nor takes place in Trondheim (26-27 August).
The new show is being organised by conference specialist AqKva and brand marketing agency NPG.
Author: Robert Outram / Fish Farmer | Read the full article here
In 2025, the event generated €98.4 million in production and 1,246 jobs.
Although it seemed unlikely that the Vigo fairgrounds could continue to accommodate more companies and visitors, the Conxemar trade fair has grown once again. This is reflected in the report on the socioeconomic impact of the event on the city and its surrounding area, prepared by the University of Vigo within the framework of the Ardán Chair, in collaboration with the Conxemar association and the Vigo Free Trade Zone. The study indicates that between October 7 and 9, commercial agreements worth €831.7 million were reached at the Ifevi facilities, a figure representing approximately 4.5% of the total revenue of the fish processing and marketing sector in Spain.
Source: La Voz de Galicia | Read the full article here
The President of Seychelles, Patrick Herminie, announced that the country has proposed a 7% annual increase in tuna fishing rights to the European Union as part of its agreement, thus reducing the previously requested 30% increase. The EU, for its part, only offered 3%, according to the Seychelles News Agency (SNA).
Patrick Herminie explained that due to the current context, marked by the conflict in the Middle East, the country was forced to request the 7% increase. He stated: "We are trying to obtain greater benefits for our resources. The European Union explained why it could not accept 30%, which was in line with inflation over the last six years."
Source: Industrias Pesqueras | Read the full article here
SOUTH KOREA
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RUSSIAN FEDERATION
Key changes:
NORWAY.png)
“The industry is growing, and meeting places are evolving accordingly. We see a need to be present where we can best meet customers, partners and decision-makers,”
JAPAN
Lawmakers in Japan’s upper house of parliament ??????????? ???????? ??????????, noting its role in maintaining stable ties between the two nations.
CHILE
CANADA
Upon closing of the transaction, 
UNITED KINGDOM.png)
While the sector saw growth in every region of the UK, food manufacturers also saw production costs increase 4.4% on average, rising up to 5.3% for small businesses1.png)
The company has a closed containment pen that has been connected to shore power since 2014, and by 2026 will have three net pen locations with shore power and two with hybrid power.
In a snub to 
SPAIN.png)
Although it seemed unlikely that the Vigo fairgrounds could continue to accommodate more companies and visitors, the 
SEYCHELLES
The President of Seychelles, Patrick Herminie, announced that the country has proposed a 7% annual increase in tuna fishing rights to the European Union as part of its agreement, thus reducing the previously requested 30% increase. The EU, for its part, only offered 3%, according to the Seychelles News Agency (SNA).
