Despite winning a reprieve on US tariffs, Canada’s Prime Minister Justin Trudeau and his government have come under strong attack from the Canadian Aquaculture Industry Alliance (CAIA).

The Alliance has accused Trudeau of significantly weakening the sector and says the situation is getting worse.

In the face of US tariff threats, the industry body says, it is now more important than ever that the government is stopped from inflicting more damage. Canadians go to the polls later this year.

Author: Vince McDonagh/ Fish Farmer l Read the full article here

Norway exported seafood worth NOK 15.3 billion in January. This is an increase of NOK 1.9 billion, or 14 per cent, compared with the same month last year.

January was characterised by increased export volumes for salmon and solid value growth for several of our wild-caught species. In addition, the Norwegian krone has weakened against both the dollar and the euro compared with January last year. In terms of value, this was the best January ever for Norwegian seafood exports

The US was the largest single market for Norwegian seafood exports in January, measured in value. Norway exported fish and shellfish to the US market worth NOK 1.5 billion, which accounted for 9.7 per cent of total seafood exports last month.

Source: Fish Focus l Read the full article here

IFFO, the Marine Ingredients Organization, reported the overall production of fishmeal and fish oil throughout 2024 increased thanks to a successful anchoveta season in Peru.

According to statistics gathered by IFFO from its members, global fishmeal and fish oil supplies grew 26 percent in 2024. That growth is almost entirely thanks to the Peruvian anchoveta fishery, which ended up catching over 95 percent of its total allowable catch of 2.51 million metric tons (MT).

Author: Chris Chase / SeafoodSource l Read the full article here

South Korea's frozen octopus imports totaled 401 tons in December 2024, an 11% increase compared to the 362 tons imported in December 2023.

Despite this monthly surge, cumulative imports for the year (January-December) reached only 2,883 tons, a significant 23% drop from the 3,728 tons imported in 2023. These imports represent just 0.32% of South Korea's total seafood imports of 901,242 tons.

Mauritania remained the dominant supplier, providing 2,324 tons (84.1% of total frozen octopus imports). Other key import sources included China (189 tons), Venezuela (120 tons), the Philippines (94 tons), and Chile (36 tons). Average import prices varied considerably, with Mauritania at the high end (USD 9.78/kg), China in the mid-range (USD 6.29/kg), and Indonesia at the low end (USD 5.63/kg).

The December 2024 import value of frozen octopus reached USD 3.59 million, a 36% increase from USD 2.63 million in December 2023. However, the total import value for the year was USD 26.05 million, a 15% decrease from USD 30.58 million in 2023. The average import price rose by 10% to USD 9.04/kg, up from USD 8.20/kg in 2023. This price increase, despite lower import volumes, suggests greater price volatility in the market.

For context, the domestic wholesale price of frozen boiled octopus from Mauritania (13 pieces or more per 8kg) is approximately 185,000 KRW.

Source: Union Forsea Corp.

Japan faces a potential decline in Norwegian snow crab imports due to shifting global trade dynamics.

The White House's recent announcement of tariffs—25% on imports from Canada and Mexico, and an additional 10% on imports from China—is expected to impact seafood markets. Japanese trading companies anticipate price drops for Canadian lobster and Mexican wild brown shrimp.

The future market price of frozen Canadian snow crab in Japan will likely be influenced by supply and demand in the United States. With increased US demand for Norwegian snow crab, exports to Japan are projected to decrease significantly.

Salmon Scotland has opened up applications for its wild fisheries fund, with which it aims to support works to restore wild salmonid populations.

Salmon Scotland - an industry trade body - has also pledged an additional £230,000 over the next year to address declining fish numbers by restoring habitats, protecting against predators, and supporting river restocking. This additional funding is part of a broader five-year, £1.5 million investment from salmon farmers to address declines in wild salmonid populations across Scotland.

Source: SalmonBusiness l Read the full article here