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.
ForoAcui (Forum on Marine Resources and Aquaculture of the Galician Rías) reaches its 28th edition this year, having established itself as the premier gathering for discussing the challenges facing Galician aquaculture and shellfish harvesting. The event, scheduled for October 1 and 2 in O Grove (Pontevedra), expects to bring together between 200 and 250 participants—including researchers, business representatives, government officials, industry professionals, and students—to focus on four major discussion panels: research; shellfish harvesting and inshore fishing; aquaculture; and business and marine resource management. These details were shared by the event organizers during a meeting with the Xunta de Galicia’s Director General for Fisheries, Aquaculture, and Technological Innovation.
Source: Industrias Pesqueras | Read the full article here
The OECD-FAO Agricultural Outlook 2026-2035 report was presented in Rome a few days ago; this document serves as an international benchmark for assessing the medium-term evolution of agricultural, fisheries, and aquaculture markets at national, regional, and global levels. Among other aspects, it analyzes consumption, exports, and prices of aquatic products over the coming decade.
According to the report, global consumption of aquatic animal products for food is expected to rise faster than consumption for other uses by 2035, driven primarily by Asia, while consumption in Europe is projected to see a slight decline.
Source: iPac.acuicultura | Read the full article here
The Research LK 62 has just completed three trips for MSC certified North Sea herring and encountered good marks of fish, which were landed into Peterhead.
Skippered by Gary Williamson, the 79m vessel left Lerwick on 12 July for her first trip and completed three tows for a total of 180 tonnes on grounds 45 miles south-east of Fair Isle, with the fish averaging a decent 190g in weight. The herring was landed into the Lunar processing facility at Peterhead.
Heading straight back to sea after landing, the Research then ventured to a fishing area slightly closer to Fair Isle, achieving 470 tonnes for three tows.
Thailand has become the latest Asian country to consider launching its own salmon farming industry.
The country has been a major buyer of salmon and trout, mostly from Norway, for several years.
With imports running at up to 50,000 metric tons a year and worth £180m, Thailand is now the second largest importer of Atlantic salmon in Asia, after China.
Thailand’s climate and coastal structure does not permit sea pen aquaculture, so any development will be centred around recirculating aquaculture systems (RAS).
Author: Vince McDonagh / Fish Farmer | Read the full article here
The European Union Seafood Alliance (EUSeA) is calling on Brussels to give aquatic foods a central role in Europe’s evolving protein strategy, arguing that fisheries, aquaculture and seafood processing are essential to achieving food security, strategic autonomy and sustainable food systems.
The appeal follows the publication of the European Commission’s Action Plan for the resilience, strategic autonomy and sustainability of the EU protein system and the new EU Strategy on Livestock.While welcoming the renewed focus on strengthening Europe’s food resilience and reducing strategic dependencies, the Alliance says the initiatives overlook one of the continent’s most important sources of high-quality, sustainable protein.
The domestically produced longline processor Marlin, built at the USC Severnaya Verf shipyard in St. Petersburg, has set sail for its home port of Murmansk. It will undergo fishing trials in the Barents Sea before loading gear to begin commercial operations.
Constructed under the state investment quota program ("keel quotas") for the company Globus—founded by a collective farm partnership in the Arkhangelsk region—the vessel will target cod (Gadus morhua), haddock (Melanogrammus aeglefinus), halibut, and wolffish across the Barents, Norwegian, and North Seas. Longlining provides an environmentally friendly harvesting method that preserves seabed habitats.
The Marlin can catch up to 25 tons of fish per day, featuring a freezer hold capacity of 600 tons of finished products. Equipped with an automated, full-cycle factory for deep processing, freezing, and storage, the vessel has already successfully completed all factory, mooring, and sea trials.
The ruling Liberal Democratic Party’s (LDP) fisheries panels adopted a resolution on Thursday urging the Japanese government to continue negotiations for an expanded Pacific bluefin tuna catch quota.
The LDP's Fisheries Division and Research Commission on Fishery Policies acted after recent international talks failed to reach an agreement on Japan's proposal, primarily due to opposition from Mexico.
Arata Takebe, chairman of the commission, delivered the resolution to Fisheries Minister Norikazu Suzuki, emphasizing the need to coordinate with the Fisheries Agency and the Foreign Ministry to secure a deal.
Minister Suzuki pledged to move with urgency to resolve the stalemate. He noted that the ministry is evaluating sending a state minister and senior officials to Mexico to analyze why the nation reversed its stance and determine how to advance future negotiations.
The Chinese group has completed its operational and industrial transition, explaining the definitive departure of the founding family
Conservas Albo has just concluded the first of two major eras defining the history of one of the oldest companies in its sector—spanning over 155 years since its founding in Cantabria. This milestone is marked by the departure of Jesús Albo Durán from the company's management team, ten years after the Chinese fishing giant Shanghai Kaichuang Marine International acquired 100% of Conservas Albo’s shares for nearly 61 million euros, according to the Pontevedra Mercantile Registry.
Source: La Voz de Galicia | read the full article here
The company has withdrawn its application for the proposed commercial-scale facility, citing changes to the project’s regulatory and administrative requirements
Nueva Pescanova has withdrawn its application to develop a commercial octopus farm at the Port of Las Palmas in Gran Canaria. According to La Voz Canaria, the group communicated its withdrawal for a concession at the Esfinge dock in Las Palmas via a letter to the Port Authority. Among the reasons cited by the group for this decision are the "significant extension of administrative deadlines" and uncertainty regarding the "completion of environmental and sectoral procedures."
Source: The Fish Site | Read the full article here
European salmon processors could gain a tariff advantage in the US market after Washington imposed higher duties on products originating in Norway and Chile than on goods of EU origin.
Norwegian and Chilean goods are now subject to an additional 12.5% tariff. For EU products, the new duty is calculated so that the combined existing and Section 301 tariff does not exceed 10%.
For salmon products that previously entered duty-free, this creates a 2.5-percentage-point advantage for EU-origin goods.
Source: SalmonBusiness | Read the full article here
Who Will Control the 21st Century's Blue Protein (Part 5 of 5) Worldwide
Fifth installment of a special five-part investigation into the transformation of Antarctic krill (Euphausia superba) into a strategic global industry.
For more than half a century, power in this i...
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SPAIN
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The OECD-FAO Agricultural Outlook 2026-2035 report was presented in Rome a few days ago; this document serves as an international benchmark for assessing the medium-term evolution of agricultural, fisheries, and aquaculture markets at national, regional, and global levels. Among other aspects, it analyzes consumption, exports, and prices of aquatic products over the coming decade.
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The Research LK 62 has just completed three trips for
THAILAND
Thailand has become the latest Asian country to consider launching its own salmon farming industry.
EUROPEAN UNION
The European Union Seafood Alliance (EUSeA) is calling on Brussels to give aquatic foods a central role in Europe’s evolving protein strategy, arguing that fisheries, aquaculture and seafood processing are essential to achieving food security, strategic autonomy and sustainable food systems.
RUSSIAN FEDERATION
JAPAN
CHINA.png)
The Chinese group has completed its operational and industrial transition, explaining the definitive departure of the founding family.png)
The company has withdrawn its application for the proposed commercial-scale facility, citing changes to the project’s regulatory and administrative requirements
European salmon processors could gain a tariff advantage in the US market after Washington imposed higher duties on products originating in Norway and Chile than on goods of EU origin.
