IN BRIEF - South Korea is the growth driver of Vietnam's squid and octopus exports in the second half of this year.
SOUTH KOREA
Friday, August 09, 2024
South Korea is still Vietnam's largest market for squid and octopus, accounting for more than 40% of total export value. In the first 6 months of this year, squid and octopus exports to this market reached 114 million USD, up 13% over the same period. In the second quarter of 2024, squid and octopus exports to South Korea reached 58 million USD, up 13% over the same period in 2023.
Continuing the upward trend from 2023, in the first half of this year, squid and octopus exports to Korea still maintained positive growth. In the 3 months of the second quarter of 2024, squid and octopus exports to this market grew positively in all 3 months of the second quarter, especially exports in May and June grew by double digits.
Demand for squid and octopus in Korea remained stable in the first half of this year. In addition, Korea reduced imports from other sources such as Japan, China, and Peru, so it increased imports from Vietnam.
Japan's nuclear waste discharge has had an impact, reducing South Korea's demand for seafood imports from Japan. China's ban on seafood imports from Japan has also caused a decrease in the supply of squid and octopus from China to markets such as South Korea due to a shortage of raw materials for processing.
NEW TAIPEI — A major search-and-rescue operation is underway northwest of Taiwan after two Taiwanese fishing vessels capsized between late Wednesday and Thursday. As of Thursday night, nine crew members have been rescued, but four remain missing, with efforts focused on saving two individuals still trapped or entangled.
The first incident was reported Thursday morning by the Coast Guard Administration (CGA). The fishing boat, the Yu Shan No.36, capsized near Cape Fugui late Wednesday night, according to Vice Captain Su Chen-yi of the CGA Fleet Branch.
Of the nine people aboard the Yu Shan No.36, six were saved by nearby vessels and taken to Fuji Fishing Harbor.
Later Thursday, rescuers from Taiwan's National Airborne Service Corps located two of the missing individuals: one was spotted entangled in fishing nets near the stern, and another was holding onto the overturned cabin. Although poor weather prevented helicopter airlifts, CGA rescuers aboard a boat were actively working to secure them. The fate of the fourth missing person remains unknown.
The CGA's Northern Branch continues to lead the combined air and sea search efforts.
Agreement Removes High Retaliatory Duties, Leaving Only a 10% Levy
In a major step to ease trade tensions, China has significantly adjusted additional tariffs on imported goods, with major benefits for the US agricultural sector, including seafood.
The State Council Tariff Commission announced that effective 13:01 on November 10, 2025, the previous 24% additional tariff rate on many US products will be suspended for one year, leaving a general 10% levy in place.
More critically for the sector, this agreement involves the removal of retaliatory duties (previously up to 15%) on specific US farm goods starting the same date. This measure directly benefits exporters of seafood, soybeans, pork, and beef, fulfilling a consensus reached during recent China-US trade consultations.
The move is expected to stabilize and increase agricultural trade between the two countries.
Batches of Live Fish Depart from Southern China's Border to Explore the Dubai Market
On November 1, a batch of 182 kilograms of live fish, including yellow catfish, snakehead, grass carp, and crucian carp, departed from Mengzhe Town, Menghai County, Xishuangbanna Prefecture, for Dubai, United Arab Emirates. This marks the first time that live fish from Yunnan, known as the "land of fish and rice" in the south, have been exported to the UAE.
"Our live fish were previously mainly exported to Southeast Asia," said Xu Jinguang, head of Xishuangbanna Xuxiansheng Agricultural Technology Co., Ltd. "After learning about the market potential in the Middle Eastern countries, we first exported these four types of fish to Dubai. With smooth customs clearance, it only takes about 12 hours to transport them and reach their destination."
Xishuangbanna Customs and Kunming Changshui Airport Customs established a "green channel" and appointment services, adopting a priority inspection and release model to ensure the freshness of the cargo.
So far this year, Xishuangbanna Customs has supervised the export of 333 tons of live fish, valued at approximately $930,000 US$ (6.51 million yuan), assisting local enterprises in expanding into new international markets.
Initial Black Sea Catches Show Bonito Scarcity, But Anchovy and Horse Mackerel Abundance Fuels Optimism
Following the lifting of the ban, Türkiye's fishing season officially opened in Poyrazköy, Istanbul, at the exit of the Bosphorus into the Black Sea. The initial days of fishing have presented a mixed picture for fishermen.
Although early catches have not included sufficient quantities of anchovy (hamsi) or bonito, there are promising signs. In Ordu, fishermen from Fatsa reported catches of whiting, red mullet, and horse mackerel.
Ilhami Demirtürk, Chairman of the Fatsa Fisheries Cooperative, stated in an interview with Daily Sabah newspaper: "For now, the season looks promising. Bonito is currently scarce, but hamsi and horse mackerel are abundant. Hopefully, we will all have a safe and productive season."
Despite high temperatures affecting fish size in Rize, local fish markets have maintained a modest supply. Furthermore, the fishing boom has generated essential food resources and new job opportunities, especially for local workers unloading the catch.
Fishermen across the country remain hopeful that yields will improve as the season progresses.
Salmon farmer reports good biology, but weak financial results in year of low prices
Salmon producer Scottish Sea Farms (SSF) has increased its 2025 harvest volume guidance by 1,500 gutted weight tonnes to 33,500 gwt due to good biological development, co-owner SalMar said in its Q3 2025 report today.
SSF has reported good harvest weights in the period, although revenue, operating profit, and harvest volume in Q3 were all lower than in the same period last year, when prices were higher.
Author: Gareth Moore / fishfarmingexpert | Read the full article here
Leading Russian companies are showing significant interest in applying genetic technologies to boost domestic aquaculture. The industry's continued growth hinges on developing native production of high-quality seed material to raise in-demand fish species.
This pressing need was the focus of the roundtable, "Smart Breeding: How Genetics is Transforming Russian Aquaculture," held at the International Fisheries Forum.
Nikolai Müge, PhD in Biology and Head of the Molecular Genetics Department at the All-Russian Research Institute of Fisheries and Oceanography (VNIRO), highlighted the potential. "Thanks to the unique biological properties of fish, genetic technologies unavailable for other farm animals have great potential for application in aquaculture. These methods don't replace selection, but rather accelerate it and increase its efficiency."
The Center for Genomic Selection at VNIRO is actively working to identify individuals with superior traits by analyzing the genotypes of aquaculture species. Developments are most promising in studying carp and trout. Scientists use high-throughput genotyping or whole genome sequencing to identify offspring with the best combinations of traits that influence consumer characteristics, such as body weight and head size.
The goal is to implement these scientific solutions to produce fish with improved consumer properties, marking a strategic step toward securing Russia's aquaculture future.
The plan, framed within the agreement with the Ministry of Agriculture, Fisheries and Food (MAPA) under the "Foods from Spain" strategy and the #FillYourTableWithSea initiative, combines ASMR video, radio, and social media to highlight the versatility of canned goods.
ANFACO-CYTMA has launched a new campaign to strengthen the presence and perceived value of canned fish and seafood among Spanish consumers. The campaign, which began on November 4, uses a sensory and multi-channel approach and is part of the agreement signed with the Ministry of Agriculture, Fisheries and Food (MAPA), under the "Foods from Spain" strategy and the #FillYourTableWithSea campaign.
The objective is threefold: to increase awareness of the category, to encourage the everyday consumption of canned goods, and to highlight their versatility and benefits, from flavor to convenience and food safety.
In a single day, the EU took two key steps toward decarbonizing the logistics and industrial sector, with implications for maritime transport.
Firstly, the Council reached an agreement to amend the European Climate Law (ECL), introducing a binding interim climate target for 2040 of a 90% reduction in net greenhouse gas (GHG) emissions compared to 1990 levels. This new target represents “a crucial step towards the EU’s long-term goal of achieving climate neutrality by 2050,” the Council stated. Secondly, the Commission unveiled its Sustainable Transport Investment Plan (STIP), which establishes a roadmap to rapidly accelerate the energy transition in maritime and aviation transport.
Source: Industrias Pesqueras | Read the full article here
Esselunga, a leading Italian retailer, has launched Italy’s first land-based smoked salmon for consumers, signaling a major move towards sustainable seafood.
Available since October 9th under The Icelander brand, the product is a result of a collaboration between Norwegian land-based farmer Salmon Evolution and processor Milarex.
The launch meets a growing consumer demand in Italy for products that combine quality, taste, and environmental responsibility. Esselunga is pioneering the introduction of healthier, more sustainable choices to Italian households.
Antonio Pellin from Milarex highlighted the market shift: “Introducing land-based salmon in partnership with Esselunga allows us to meet that demand and bring real innovation to Italian households.”
Salmon Evolution’s approach focuses on transparency and responsibility, raising the salmon in pristine Norwegian waters to align with Italy's increasing focus on sustainability, animal welfare, and health. This partnership strengthens Esselunga’s position as a retail innovator.
Norway exported seafood worth NOK 18.3 billion in October. This is a decrease of NOK 122 million, or 1 per cent, compared with the same month last year. Despite the decline, October was the second highest month for Norwegian seafood exports.
“The main reason for the decline in the value of seafood exports in October was a sharp fall in the export volume of mackerel and herring. Most other major species saw an increase in value in October.
For salmon, there was an export record for a single month, both in terms of volume and value, in addition to an increase in value for cod, trout, saithe and haddock
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