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.
Khyber Aquaculture and the Fisheries Department train farmers in sustainable cold-water aquaculture
Khyber Aquaculture and the Jammu & Kashmir Department of Fisheries launched specialised training for trout farmers from Ganderbal, Bandipora and Srinagar, covering biosecurity, water quality, disease prevention and RAS technology to improve survival, growth and farm efficiency.
The initiative aims to boost trout productivity and develop the region as a hub for sustainable cold-water fisheries.
New infrastructure aims to improve fuel access and operational efficiency for local fishermen.
Bahrain has begun work to install fuel pumps at four fishing jetties, strengthening essential infrastructure for the fishing sector. The project will provide fishermen with easier access to fuel directly at key landing sites, supporting daily operations and improving services for the local fleet.
Chinese shipbuilder Rongcheng Xinyang will strengthen Tanzania’s offshore fishing capacity
Tanzania Fisheries Corporation (TAFICO) signed a contract with China’s Rongcheng Xinyang Ship Industry Limited to build two deep-sea fishing vessels. The IFAD-funded AFDP project aims to boost fisheries productivity, expand use of marine resources and support Tanzania’s Blue Economy and Vision 2050.
The two men were rescued around 150 miles off Chiapas after their vessel sank.
The men endured days without food or fresh water after their vessel sank off Mexico’s southern Pacific coast.
Two Mexican fishermen, aged 53 and 32, survived five days adrift in the Pacific Ocean by clinging to and sheltering in a large fishing cooler after their boat sank. The Mexican Navy located them about 150 miles off Chiapas and carried out their rescue. Both men, weakened and suffering from severe dehydration after days without food or fresh water, received medical assistance and were transported safely to shore.
Border Force detained the crew near Cape York after finding fishing gear and 700 kg of salt
The Australian Border Force (ABF) seized the vessel near Little Adolphus Island, Torres Strait. Authorities found fishing equipment and 700 kg of salt, but intercepted it before marine life was caught. The crew was taken to Darwin for investigation. In 2026, 24 suspected illegal foreign fishing boats have been intercepted in Far North Queensland, with 14 destroyed.
The Federal Service for Veterinary and Phytosanitary Surveillance of the Russian Federation (Rosselkhoznadzor)—which inspected nine Chilean processing facilities and their entire associated supply chains, including farming centers, cold storage plants, and processing sites—has announced the lifting of restrictions on five facilities, allowing them to resume exports to that market.
For the National Fisheries and Aquaculture Service (Sernapesca), this announcement “represents significant progress in the process of implementing the adopted corrective measures” and reflects the outcome of collaborative efforts to strengthen the official control system and ensure compliance with requirements established by the Eurasian Economic Union and the Russian Federation.
Source: Industrias Pesqueras | Read the full article here
Sashimi rules the salmon category in China, according to NSC research, offering an opening for salmon imports
Ahead of World Seafood Shanghai (WSS), taking place from 26–28 August, the Norwegian Seafood Council (NSC) has pinpointed sashimi as a key opportunity in China’s rapidly expanding salmon market. This is being driven by rising in-home consumption, fast delivery services and the parallel growth of factories providing sashimi-grade salmon to meet demand.
Austevoll Seafood, the global-based majority owner of the Lerøy Seafood Group has again strongly rejected allegations of salmon price fixing going back several years – but the company adds that there is still no timetable for the European Commission to resolve the issue.
Writing in its second quarter financial report under the heading “special considerations”, Austevoll said it was not possible to “at this stage to make any statement on whether the case will result in sanctions or other negative consequences for the group, or when the case will end”.
Author: Vince McDonagh / Fish Farmer | Read the full article here
In the first half of 2026, the share of production fish - fish that have wounds, deformities or other quality defects when harvested - was 10.6% of the harvest volume, compared to 17.7% in the first half of 2025 and 30% in the first half of 2024. At the same time, the harvest volume is at a record high.
Production fish cannot be sold directly for normal consumption, but must be corrected through processing before they can be sold as food.
Source: fishfarmingexpert | Read the full article here
Strong demand for frozen fish, squid, sardines and live crustaceans drives rapid trade growth
Pakistan’s seafood exports to China reached $220 million in the first seven months of 2026, up 41% from $156 million a year earlier. Frozen fish led exports at $40.04 million, followed by cuttlefish and squid at $36.39 million. Around 200 Pakistani seafood exporters are now registered with Chinese customs.
Illex Squid Closure Reshapes Atlantic Commercial Season United States
NOAA limits directed fishery through year-end after projecting 96% of domestic quota will be harvested
The directed fishery for Illex squid (Illex illecebrosus) is formally closed in United States fe...
The Sea That Pays and the MEF That Subtracts Peru
Every time an industrial vessel owner unloads anchoveta, jack mackerel, chub mackerel, tuna, hake, or common cusk-eel, they pay a fishing right to the State. It is not a revenue-driven whim, as Articl...
Norway Pelagic Fisheries Report, Week 34 Norway
Mackerel Fishing Underway in the Norwegian Sea
First Large-Sized Landings Mark the Start of the Main Offshore Season, While Coastal Fleet Reports Modest Captures and Progress Continues Across North S...
SOUTH KOREA 09_20_15.png)
 09_17_37.png)
INDIA.png)
Khyber Aquaculture and the Fisheries Department train farmers in sustainable cold-water aquaculture
BAHRAIN
New infrastructure aims to improve fuel access and operational efficiency for local fishermen.
TANZANIA.png)
Chinese shipbuilder Rongcheng Xinyang will strengthen Tanzania’s offshore fishing capacity
MEXICO
The two men were rescued around 150 miles off Chiapas after their vessel sank.
AUSTRALIA
Border Force detained the crew near Cape York after finding fishing gear and 700 kg of salt
RUSSIAN FEDERATION
The Federal Service for Veterinary and Phytosanitary Surveillance of the Russian Federation (Rosselkhoznadzor)—which inspected nine Chilean processing facilities and their entire associated supply chains, including farming centers, cold storage plants, and processing sites—has announced the lifting of restrictions on five facilities, allowing them to resume exports to that market.
CHINA
Ahead of 
NORWAY
Austevoll Seafood,
In the first half of 2026, the share of production fish - fish that have wounds, deformities or other quality defects when harvested - was 10.6% of the harvest volume, compared to 17.7% in the first half of 2025 and 30% in the first half of 2024. At the same time, the harvest volume is at a record high.
PAKISTAN
Strong demand for frozen fish, squid, sardines and live crustaceans drives rapid trade growth
