Other Media | SeafoodSource: Economic crisis in Egypt pounding its tilapia, fishmeal industries
Monday, May 29, 2023
An ongoing economic crisis in Egypt is shaking the country's seafood sector, as it faces historic currency devaluation, rising inflation levels, and foreign currency shortages.
The country's inflation rate spiked 8.5 percent in 2022 due to the global crisis triggered by the Russia-Ukraine conflict and to the devaluation of the Egyptian pound, which lost half of its value compared to pre-conflict, according to an analysis by Stanbic Bank
Author: Shem Oirere / SeafoodSource | Read the full articlehere
Ocean catches are the leading raw materials for Zhoushan's export aquatic products processing enterprises, especially squid and tuna, which occupy an absolutely dominant position.
Squid production was 321,800 tons, with an output value of 3.667 billion yuan, a year-on-year increase of 3.33% and 15.04% respectively (including 35,800 tons of Argentine squid, with an output value of 807 million yuan, a year-on-year decrease of 37.21% and 29.31% respectively; the Southeast Pacific squid production was 286,100 tons, with an output value of 2.861 billion yuan, a year-on-year increase of 12.56% and 40.14% respectively);
Photo: Zhoushan seafood cargo port
Tuna production was 50,200 tons, with an output value of 857 million yuan, a year-on-year increase of 75.73% and 74.02% respectively (internally, tuna longline production was 21,300 tons, with an output value of 544 million yuan, a year-on-year increase of 55.58% and 49.56% respectively; The net output was 28,900 tons and the output value was 314 million yuan, a year-on-year increase of 94.30% and 142.92% respectively)
Source: Zhejiang Zhoushan International Agricultural Products Trade Center (translated from original in chinese)
The move gives Océano control of a business with annual sales of around $50m.
Peru-based Océano Seafood has extended its footprint into the US market through the acquisition of peer Sea Fresh USA for an undisclosed sum.
The move gives the Lima-headquartered business control of a business with annual sales of around $50m, deepens its supplier network and diversifies its product offering.
Sea Fresh, founded in 1981 and based in Rhode Island, is a fishing and processing firm with docking operations – Handrigan Seafoods – and a processing facility in its home state. It is best known for its fresh and frozen squid which is sold to both retail and foodservice customers.
Océano, which has been one of Sea Fresh’s customers, was founded in 1997 as a fishmeal company but has diversified into fishing, processing, and selling squid, flying fish roe, mahi, Argentine red shrimp, octopus, tuna, bonito and anchovy.
The company has five processing facilities in Peru and 1,100 workers. It sells its produce under the A-1 brand.
More than 75% of its sales are in Asia while 17% of its produce is exported to Europe. Its sales to North America account for 7% of its total.
Pressing issues threatening the sustainability of living marine resources across the Caribbean were discussed at the 19th Session of the Western Central Atlantic Fishery Commission (WECAFC) held in Bridgetown, Barbados, earlier this month.
The hybrid meeting, which was organised and led by the Food and Agriculture Organization of the United Nations (FAO), was attended by 110 delegates from 22 member countries and 11 partner organisations, signalling the highest number of delegates to ever attend in the history of this commission’s plenary meetings.
The delegates of the 19th session discussed the interim Caribbean Regional Management Plan for the Anchored Fish Aggregating Device Fishery (aFAD), and the associated guide for improved monitoring aFAD catches and assessment of aFAD impacts on stocks. They also reviewed the manual on aFAD Fisheries Governance with application to other Fisheries in the Wider Caribbean and the impacts of sargassum on marine resources in the region, a regional socio-economic and environmental developing issue.
The progress made in the strategic reorientation of the commission, the finalisation of the revised 2014 Rules of Procedures, opportunities for collaboration with the International Commission for the Conservation of Atlantic Tunas (ICCAT), and other critical topics of potential implications for the fisheries in the region, among others two global instruments, the Marine Biodiversity of Areas Beyond National Jurisdiction (BBNJ) treaty, and the World Trade Organization (WTO) Agreement on Fisheries Subsidies, were included on the comprehensive agenda for discourse.
In delivering opening remarks, Adrian Forde, Barbados’ minister of environment and national beautification, the green and blue economy, spoke on the significance of the meeting for Barbados and at large, the CARICOM countries, and acknowledged the considerable progress of WECAFC in the preparation of fisheries management advice, especially as it relates to the management of fisheries using anchored Fish Aggregating Devices (aFADs).
The competent authorities of the Kingdom of Saudi Arabia (KSA) and Vietnam have expanded the list of Russian enterprises approved for the supply of fish products to domestic markets.
Thus, the KSA State Food and Drug Administration granted access to one canned fish manufacturer. In total, currently 40 Russian organizations have the right to export processed and unprocessed fish products to the Kingdom.
In addition, two fish processing enterprises were included in the list of importers by the competent authority of Vietnam. Thus, 128 Russian companies have been approved for supplies to the republic.
Rosselkhoznadzor will continue to work to expand the list of Russian enterprises that have the right to export to Saudi Arabia and Vietnam.
Source: Rosselkhoznadzor - Federal Service for Veterinary and Phytosanitary Surveillance
Between January and July 2023, Ecuador earned more from exporting shrimp than from selling crude oil, as reflected by figures from the Central Bank (ECB). Sales of the crustacean meant 4,396 million dollars for the nation, while the export of Oriente and Napo crude oil, the only two types of oil that the country exports, represented 4,082 million. The difference is USD 314 million.
However, hydrocarbon activity continues to underpin the Ecuadorian economy, since the aforementioned figures do not include the export of Fuel Oil 6, the only petroleum derivative that Ecuador has exported this year. Sales for this product represented an additional 679 million dollars.
Regarding shrimp, the country sold 707 metric tons in the first seven months of 2023. In the same period, but in 2022, the country sold 618 tons. Although more was exported this year, there was less money, since last year's amount amounted to 4.5 billion dollars.
The National Chamber of Aquaculture states that China is the largest consumer of Ecuadorian shrimp. In fact, 61% of crustacean exports go to that country. 17% of exports go to European nations and 16% to the United States. American and Asian countries buy the rest of the production.
Un mantenimiento sencillo, una vida útil más larga para el aceite y la maquinaria, menos emisiones de CO2 y una solución económica y atractiva para astillero y armador. “Parecía demasiado bueno para ser verdad cuando al astillero de Karstensens Shipyard, en Dinamarca se les presentó GreenOil por primera vez”, explican desde la empresa danesa, consolidada como proveedora de soluciones de filtración para combustible, motores, aceite de lubricación, sistemas hidráulicos, propulsores y bocinas, y cuyos sistemas están presentes en los últimos buques en construcción en las instalaciones del reconocido astillero danés, en Skagen.
Fuente: IndustriasPesqueras | lea el artículo completoaquí
Ambassador Einar Gunnarsson of Iceland, chair of the fisheries subsidies negotiations, has noted that WTO members have expressed broad support for the use of the draft text on reducing subsidies that contribute to overcapacity and overfishing, distributed at the beginning of the month, as a starting point for negotiations based. He added that he intended to dedicate the next debate, which will take place in October, to a joint reading of the text so that members can propose concrete modifications to the draft.
Only one in six forage fish populations in the Northeast Atlantic is both sustainably exploited and in a healthy state, according to a report published by Oceana. The marine conservation organisation is urging Northeast Atlantic countries to improve their management of these small fish, in advance of negotiations on fishing limits later this year.
Many marine species – from marine mammals and seabirds to commercially important fish – depend on forage fish such as sandeel, sprat, and herring as a primary source of food.
Executives at New Orleans, Louisiana, U.S.A.-based Prime Shrimp are on a mission to popularize at-home shrimp consumption across America by emphasizing their products’ convenience, high quality, and flavor.
Fresh off the launch of six frozen shrimp products 18 months ago, the shrimp processor and packager recently rolled out its newest flavor: New Orleans-style BBQ. The company is attempting to coax consumers who prioritize convenience away from meat and toward seafood.
Author: Christine Blank / SeafoodSource | read the full article here