IN BRIEF - Frozen Cod Imports Down 64% by June 2024
SOUTH KOREA
Wednesday, July 17, 2024
In June 2024, the import volume of frozen cod to South Korea was 667 tons, a 61% decrease compared to 1,722 tons in the same period last year. The cumulative import volume for this year reached 2,731 tons, a 64% drop from the 7,549 tons recorded in the same period last year.
This represents 0.61% of the total seafood import volume of 445,418 tons.
Looking at the import sources, 94% of the frozen cod imported by June came from Russia, totaling 2,576 tons. The United States supplied 122 tons, China 20 tons, and Canada 13 tons.
The import prices by country were USD 3.33/kg from Russia, USD 2.76/kg from the United States, and USD 2.60/kg from China, with China offering the lowest price.
In June, the import value of frozen cod was USD 2.45 million, a 54% decrease from USD 5.29 million in the same period last year. The cumulative import value was USD 8.96 million, a 71% drop from USD 30.53 million recorded in the same period last year. The average import price was USD 3.28/kg, a 19% decrease from USD 4.04/kg in the same period last year. This reflects the overall decline in import volume and the downward trend in prices.
The Antarctic Peninsula MPA and precautionary krill management are critical steps towards representative protection of the Southern Ocean by 2030.
Antarctica2030, a global movement uniting leaders to champion the protection of Antarctica’s Southern Ocean, is urging governments meeting in Hobart from 19 to 30 October to adopt the Antarctic Peninsula Marine Protected Area (Domain 1 MPA) and agree a roadmap to complete their commitments to safeguard the Southern Ocean by 2030.
A foundation is seeking compensation through the courts for 35 years of catches in South Atlantic waters made without Argentine permission.
The Agustina Lerena Foundation has filed a lawsuit with the Federal Court of Tierra del Fuego, seeking approximately 23.6 billion euros in compensation from fishing companies—most of them Galician—and a network of associated firms, for the exploitation of resources in the South Atlantic without authorization from Argentina.
The legal action, spearheaded by César Lerena, president of the Center for Latin American Fisheries Studies, and lawyer Eduardo Barcesat, comes amid the campaign led by [President] Milei to assert the country’s sovereignty over the Falkland Islands.
Author: C. Valdez / La Voz de Galicia | Read the full article here
Alliance promotes tuna, albacore and culinary heritage.
Bermeo Tuna World Capital and Bilbao Hospitality School (ESHBI) signed a strategic agreement to train young chefs in sustainable tuna and albacore gastronomy, strengthen local hospitality, preserve traditional recipes and promote innovation, responsible consumption and Bermeo's maritime heritage.
The collaboration will also seek to strengthen the role of the hospitality sector as an ambassador for the region. With a particular focus on Bermeo and Urdaibai—and looking toward the broader area of ??Bizkaia and the Basque Country—both entities will promote awareness and the proper use of *bonito* (tuna).
The company, which farms the premium white fish off the Norwegian coast, continued its positive operational development with a significantly higher third quarter harvest and sales volumes.
Nordic Halibut also enjoyed stable pricing and strong biomass growth for its fish. It reported an average sales price of 171 NOK per kilo for fresh HOG (head on, gutted) halibut compared to 170 NOK per kilo recorded in the same period last year.
A total of 276 metric tons HOG were harvested during the quarter, compared with 152 tons in Q3 2025.
Author: Vince McDonagh / Fish Farmer | Read the full article here
An investigation by The Outlaw Ocean Project into Peru aligns with studies that warn of the vulnerability of the supply chain and question how the use of wild-caught fish in animal feed is measured.
Fish meal and fish oil are once again at the center of the debate regarding the future of aquaculture. An investigation by The Outlaw Ocean Project—published by *La República* on October 9 and authored by Ian Urbina—documents allegations of pollution, conflicts with local communities, and issues regarding traceability in Peru. These findings contribute to a broader scientific discussion that examines both the aquaculture sector’s reliance on wild-caught resources and the distribution of the benefits and burdens throughout this international supply chain.
Record ocean warming, declining anchoveta stocks and fishing restrictions threaten jobs, exports and global aquaculture supplies.
The 2026 Super El Niño has severely disrupted Peru's anchoveta fishery.
The Central Bank forecasts a 30.7% contraction and 78,000 job losses, while fishmeal prices have reached US$3,500/tonne, increasing costs for global aquaculture.The vast majority of the anchoveta industry is concentrated off the coast of north-central Peru, and it is hard to overstate how economically significant this fish is
Lerøy Seafood Group has introduced poultry byproducts into feed at all its offshore salmon farms, while Mowi is preparing to adopt similar ingredients at its operations in Norway and Scotland.
The developments were reported by the Financial Times on Thursday, which said Europe's largest salmon producers are turning to processed chicken byproducts as rising fishmeal prices increase pressure on feed costs.
Grieg Seafood introduced chicken meal and oil in July, while SalMar began testing poultry-based feed in March, according to the newspaper.
Fishmeal prices have almost doubled over the past two years
Source: SalmonBusiness | Read the full article here
Nearly 200 Vietnamese aquaculture stakeholders have met in Can Tho to discuss certification changes and prepare for ASC’s new Farm Standard
The Aquaculture Stewardship Council (ASC) is stepping up support for Vietnam’s aquaculture industry as producers prepare to transition to its new Farm Standard.
Almost 200 producers, processors, exporters and other industry stakeholders gathered at an event in Can Tho to discuss implementation challenges, understand the new requirements and seek practical guidance from ASC experts.
SOUTH KOREA 09_10_52.png)
This represents 0.61% of the total seafood import volume of 445,418 tons.(2).png)
ANTARCTICA
The Antarctic Peninsula MPA and precautionary krill management are critical steps towards representative protection of the Southern Ocean by 2030.
ARGENTINA.png)
The Agustina Lerena Foundation has filed a lawsuit with the Federal Court of Tierra del Fuego, seeking approximately 23.6 billion euros in compensation from fishing companies—most of them Galician—and a network of associated firms, for the exploitation of resources in the South Atlantic without authorization from Argentina.
SPAIN.png)
Alliance promotes tuna, albacore and culinary heritage.
NORWAY.png)
Nordic Halibut
PERU
An investigation by The Outlaw Ocean Project into Peru aligns with studies that warn of the vulnerability of the supply chain and question how the use of wild-caught fish in animal feed is measured.
Record ocean warming, declining anchoveta stocks and fishing restrictions threaten jobs, exports and global aquaculture supplies.
Lerøy Seafood Group has introduced poultry byproducts into feed at all its offshore salmon farms, while Mowi is preparing to adopt similar ingredients at its operations in Norway and Scotland.
OMAN
UNITED KINGDOM
Review will examine the sustainability of the model in place since 1996.
VIET NAM
Nearly 200 Vietnamese aquaculture stakeholders have met in Can Tho to discuss certification changes and prepare for ASC’s new Farm Standard
