IN BRIEF - Wholesale Prices of Frozen Pollock by Size in Week 32 of 2024
SOUTH KOREA
Tuesday, August 06, 2024
In Week 32 of 2024, the wholesale prices for frozen pollock in South Korea continue to show slight declines for sizes 6, 7, and 8, while the price for size 9 remains steady.
By the end of July 2024, South Korea imported 76,593 tons of frozen pollock, marking a 10% decrease from the 84,884 tons imported in 2023. Frozen pollack is a significant fish species, accounting for 15% of the total seafood imports in South Korea. The import value for frozen pollock stood at USD 74,179, a 19% decline from USD 91,571 during the same period in 2023. The average import price of frozen pollock by June 2024 was USD 0.97 per kilogram, a 10.2% decrease from USD 1.08 per kilogram in 2023. The country-specific prices were USD 0.96 per kilogram from Russia, USD 1.25 per kilogram from the United States, and USD 1.63 per kilogram from China.
The vast majority of imports, 98.2% (75,201 tons), came from Russia, followed by 1.7% (1,288 tons) from the United States and 0.1% (103 tons) from China.
Specifically, the wholesale price for size 7 frozen pollock is around KRW 40,500, which is a 6.89% decrease from the June 2024 price of KRW 43,500 and a 1.21% decrease from the April 2024 price of KRW 41,000. For size 8, the wholesale price is around KRW 30,500, reflecting a 10.29% drop from the June 2024 price of KRW 34,000 and a 4.68% decrease from the April 2024 price of KRW 32,000
During the lockdowns of 2020, global shipping was severely restricted and ocean noise pollution all but ceased. Instead the songs of fish filled the sea.
Crackles, snaps, pops and clicks – that is the noise of a thriving underwater soundscape.
For decades, many people believed the ocean was silent, limited by what our own ears could detect beneath the surface. But in the early 20th Century, when hydrophones – underwater microphones – were introduced to monitor ocean acoustics, we discovered that marine species use a huge variety of sounds.
Author: Frankie Adkins / BBC | Read the full article here
India and Russia are working to form closer seafood ties after the leaders of the two countries met at a business forum in New Delhi, India.
Russian President Vladimir Putin and Indian Prime Minister Narendra Modi met during the 23rd Russia-India Business Forum in early December, with both leaders reaffirming support for each other and the strengthening of the Special and Privileged Strategic Partnership between the two countries. The partnership, established in October 2000, promises cooperation in a number of areas including security, economic ties, nuclear energy, defense, and natural resources like seafood. As part of those closer ties, the two leaders said India and Russia are setting a trade target of USD 100 billion (EUR 85 billion) to be achieved by 2030.
Author: Chris Chase / SeafoodSource | Read the full article here
After a slight dip in week 48, the spot price of Norwegian farmed salmon increased by NOK 6.81 (£0.50) per kilo last week (week 49), up to NOK 86.19/kg.
The last time the price was higher was in week 16, which was Easter week.
Last week’s price was also NOK 5.38/kg better than the same week last year.
The average spot price so far this year is NOK 76.25/kg, compared to NOK 92.57 a year ago.
Author: Pål Mugaas Jensen / fishfarmingexpert | Read the full article here
The European Union and the Cook Islands have sealed a new seven-year protocol (2025-2032) to their Sustainable Fisheries Partnership Agreement.
This renewed deal grants the EU fleet access to some of the Pacific Ocean’s most robust tuna stocks, permitting a total of 40 fishing days annually within Cook Islands waters.
In return, the EU has committed to a total financial contribution of €3.22 million ($3.74 million) over the seven years. A significant portion, €295,000 annually, is earmarked to boost the Cook Islands’ capacities for sustainable fisheries management, control, surveillance, and blue economy development. EU shipowners will also contribute €90,000 for authorization fees.
The protocol reinforces both parties' shared commitment to sustainable fishing and mutual economic progress.
As active members of the Western and Central Pacific Fisheries Commission (WCPFC), the agreement aims to strike a balance between providing fishing opportunities for the EU fleet and ensuring the long-term environmental sustainability of the ecosystem.
Morocco has significantly strengthened its position as the world's leading exporter of canned sardines, according to the Spanish newspaper La Razón. The country's annual production volume has surpassed 15,000 tons, confirming its global market leadership.
The Kingdom exports its canned goods to diverse international markets, including Europe, Asia, and the Middle East.
Strategic Advantage and Economic Impact
This success is attributed to Morocco's integrated maritime and industrial system, which is underpinned by a vast network of processing facilities. These facilities, concentrated mainly in Agadir, Safi, and Laayoune, are a massive employment engine, supporting hundreds of thousands of jobs (Source: FishRetail.ru).
Morocco's deliberate strategy to prioritize sardine canning over fresh or frozen fish sales has proven highly profitable, easing access to global markets. This industry is vital to coastal economies, providing major employment opportunities, particularly for women.
Quality and Modernization
The country has also invested in modernizing its fishing fleet, implementing traceability systems, and securing international certifications. These steps guarantee high product quality, boost consumer trust, and solidify Morocco's authority in international trade agreements.
The annual meeting of the Joint Russian-Norwegian Fisheries Commission (JRNFC) has commenced, held via videoconference. The Russian delegation is led by Ilya Shestakov, head of the Federal Agency for Fisheries.
Shortened Agenda Due to Sanctions
This year’s session is significantly shortened due to the unilateral sanctions imposed by Norway against Russian fishing companies. Consequently, Russia has decided that the four standing working groups (on statistics, scientific cooperation, monitoring, and seals) will not meet.
The discussions will be strictly limited to the core mandate: establishing the Total Allowable Catches (TACs) and distributing quotas for jointly regulated aquatic bioresources in the Barents and Norwegian Seas.
The JRNFC, established in 1976, is crucial for ensuring the sustainable use of these shared stocks. This focused session will nevertheless aim to finalize the critical resource management decisions for the coming period.
The Ministry of Production (Produce) and the Artisanal Fishermen's Guild of Loreto – Iquitos have signed a key agreement to ensure an organized and sustainable management of the Artisanal Fishing Landing Dock (DPA) La Punchana in the department of Loreto.
Agreement Details
Main Objective: To promote a more efficient and transparent administration of the DPA, guaranteeing its continuous operation under sectoral guidelines.
Focus: To strengthen collaboration between the State and artisanal fishermen in the Amazon region.
The Minister of Production, César Quispe Luján, emphasized that the agreement will allow for "transparent management and a real strengthening of their productive activity."
For its part, the Artisanal Fishermen's Guild highlighted the importance of this stable cooperation framework for maintaining the operability of the dock and improving services for the region's fishermen. The agreement establishes clear commitments and responsibilities to promote efficient management articulated with fishing organizations.
Thai Union Group PCL, a global seafood leader, together with i-Tail Corporation PCL and Thai Union Feedmill PCL, has delivered assistance to those affected by severe flooding in Southern Thailand. The support includes essential food products and daily necessities valued at a total of THB 3.4 million, aimed at easing the hardship faced by local communities while supporting frontline workers and volunteer organisations involved in relief efforts.Thai Union has provided a range of essential food items and supplies—including SEALECT tuna products, SEALECT canned mackerel, ready-to-eat meals, soy milk, drinking water, cooking ingredients, as well as pet food for dogs and cats.
Britain’s seafood sector – both farmed and wild caught – is facing major changes in the New Year for exports to the European Union.
The changes mainly concern the data companies must submit to enable their exports to flow smoothly, and will affect Scotland more than any other part of Britain.
The upcoming regulations will apply to every link in the supply chain, from fishers and merchants to processors and exporters.
Author: Vince McDonagh / Fish Farmer | Read the full article here
The European Union and the Cook Islands have signed a new protocol to their partnership agreement on sustainable fisheries for a period of seven years (2025-2032). This agreement will grant the European Union fleet operating in the Pacific Ocean access to certain tuna stocks for a total of 40 fishing days per year.
In return, EU financial support will continue to foster the sustainable development of the fishing sector and the blue economy in the Cook Islands. The European Union will contribute €3.22 million, or €460,000 per year, of which €295,000 will be specifically allocated annually to support sustainable fisheries management, monitoring and enforcement capabilities in the Cook Islands, and the development of the blue economy.
Source: Industrias Pesqueras | Read the full article here
Norway, the EU, and the UK Seal a Crucial North Sea Pact for 2026 European Union
December 2025. Following intense negotiations that extended from the autumn, Norway, the European Union (EU), and the United Kingdom (UK) have signed a key tripartite agreement defining fishing quotas...