IN BRIEF - July sees a 21% increase in Korean imports of US seafood.
SOUTH KOREA
Tuesday, August 13, 2024
In July 2024, the import volume of USA seafood into South Korea increased by 21% compared to the same period last year, totaling 3,175 tons. Despite this growth, the cumulative import volume for the year up to July reached 21,308 tons, representing a 9% decrease from last year’s 223,443 tons. U.S. seafood now accounts for 4% of the total 511,277 tons of seafood imported into South Korea.
Among the key species imported from the U.S., ?FROZEN SALMON saw a notable increase, with 2,903 tons imported, compared to 0 tons last year. FROZEN ATKA MACKEREL imports also surged by 126% to 2,455 tons, up from 1,084 tons in the previous year. Additionally, FROZEN RAY (Skate) imports increased by 23% to 2,215 tons, compared to 1,796 tons last year.
However, FROZEN YELLOWFIN SOLE imports dropped by 47% to 2,353 tons, down from 4,471 tons last year, while FROZEN POLLOCK MILT imports decreased by 32% to 1,299 tons, compared to 1,922 tons in 2023.
The New York steelhead producer could not secure additional water capacity or offset rising operating costs
Operating since 2018, the company shut down its Hudson facility after failing to obtain a dedicated water line needed to reach profitable scale. The closure ends its fresh, smoked and pet-snack supply and renews concerns over the viability of regional land-based RAS projects in the US
The case also serves as a warning for new land-based trout and salmon projects. Initiatives relying on regional markets can command premium prices based on freshness and origin, but they require sufficient volume to absorb fixed costs associated with pumping, filtration, oxygenation, maintenance, and technical staff.
The exit of Hudson Valley Fisheries does not imply that the RAS model is no longer viable in the United States. However, it demonstrates that technology alone does not solve the economic challenges of land-based aquaculture.
The regional gap reaches BRL 1.52/kg, according to Cepea
Tilapia averaged BRL 10.21/kg in northern Paraná, despite a weekly decline of 0.43%. Western Paraná remained at BRL 8.69/kg, the lowest price among the monitored regions. Changes below 1% point to a low-volatility market, while regional supply and processing dynamics continue to shape farm-gate prices.
A report on the Galician economy published by the University of Santiago de Compostela acknowledges the substitution effect that has occurred within the Galician mussel canning industry, where local mussels have been replaced by *choritos* (Chilean mussels). In this regard, the article analyzing the fishing sector—authored by Gonzalo Rodríguez, a researcher in Applied Economics at the University of Santiago de Compostela—explains that "while prior to 2007 approximately two-thirds of production went to the processing industry and one-third to the fresh market, that ratio subsequently reversed, completely altering commercial dynamics and forcing the opening of new markets for fresh consumption."
Source: iPac.acuicultura | Read the full article here
Over six years, Chilean salmon producer Ventisqueros reduced the share of waste sent to landfill from 26 percent to 0.6 percent through its circular economy strategy.
In 2025, Ventisqueros recovered 99.4 percent of the waste generated by its operations, advancing its progress towards eliminating landfill waste by 2026 under its “Zero Waste to Landfill” programme.
During the year, the company generated 30,592 tonnes of waste, of which 30,396 tonnes were recovered, reused or otherwise diverted from disposal. As a result, only 0.6 percent was sent to an authorised landfill – a sharp reduction from 26 percent in 2019 following systematic efforts to expand circular economy practices.
Source: The Fish Site | Read the full article here
The first significant shipment of Scottish salmon has arrived in India after a free trade deal led to a 33 per cent tariff being lifted.
Freshly harvested from Scotland’s west coast by leading salmon producer Bakkafrost Scotland, the salmon arrived at Sashimi Foods in Bengaluru on Friday. Sent by air via Heathrow Airport, the delivery arrived less than two weeks after the UK Government’s trade deal with India came into force – and as Glasgow prepares to hand the Commonwealth Games baton to Amdavad.
The Chittoor Fisheries Department launches a 5-day awareness campaign to help fish farmers mitigate El Niño impacts like water shortage and low oxygen.
The Tirupati Fisheries Department held an awareness drive to alert fishers and aquaculture farmers about the impacts of El Niño, promoting adaptation measures to reduce risks to fisheries and production.
Pacific tuna treaty delivers US$50.4m to island nations
FFA calls the agreement vital for regional fisheries cooperation.
The U.S. Tuna Treaty will distribute US$50.42 million to Pacific Island Parties, strengthening a partnership that grants U.S. purse-seine vessels access to regional waters through 2033.
Philippines to Appeal Ruling Voiding Fisheries Monitoring
The measure could weaken the fight against IUU fishing and affect seafood exports.
The Department of Agriculture and BFAR will ask the Supreme Court to reconsider the annulment of FAO 266, which required commercial vessels to use satellite tracking and submit electronic catch reports.
IFOP contributes to award-winning study on marine conservation
Dr. Patricia Zárate participated in the research recognized as Australia’s National Champion by the Frontiers Planet Prize.
Published in *Science*, the analysis compiled over 30 years of telemetry data on 111 species and warns that protecting 30% of the ocean must be complemented by measures addressing the impacts of fishing and maritime transport.
In early June, European Commission President Ursula von der Leyen announced that the 21st package of measures against Russia over the invasion of Ukraine would include "fisheries for the first time." However, the EU has reversed course and removed measures targeting the fishing sector from this new sanctions package. There is no official explanation for the exclusion of these penalties.
Von der Leyen had previously stated that the EU-27 had decided to include "one of the last major unsanctioned sectors—fisheries—" in the punitive measures against Russia.
Source: La Voz de Galicia | Read the full article here
Norway Pelagic Fishing Update Week 31 Norway
North Sea Herring Fishing Continues in the British Zone
North Sea herring catches lead activity in week 31, accompanied by regular landings of mackerel, blue whiting, sprat, and NVG herring
During w...
SOUTH KOREA
Among the key species imported from the U.S., ?FROZEN SALMON saw a notable increase, with 2,903 tons imported, compared to 0 tons last year. FROZEN ATKA MACKEREL imports also surged by 126% to 2,455 tons, up from 1,084 tons in the previous year. Additionally, FROZEN RAY (Skate) imports increased by 23% to 2,215 tons, compared to 1,796 tons last year. 08_43_02(4).png){kind=small}
UNITED STATES
The New York steelhead producer could not secure additional water capacity or offset rising operating costs
BRAZIL
The regional gap reaches BRL 1.52/kg, according to Cepea
SPAIN
A report on the Galician economy published by the University of Santiago de Compostela acknowledges the substitution effect that has occurred within the Galician mussel canning industry, where local mussels have been replaced by *choritos* (Chilean mussels). In this regard, the article analyzing the fishing sector—authored by Gonzalo Rodríguez, a researcher in Applied Economics at the University of Santiago de Compostela—explains that "while prior to 2007 approximately two-thirds of production went to the processing industry and one-third to the fresh market, that ratio subsequently reversed, completely altering commercial dynamics and forcing the opening of new markets for fresh consumption."
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Over six years, Chilean salmon producer 
INDIA
The first significant shipment of Scottish salmon has arrived in India after a free trade deal led to a 33 per cent tariff being lifted..png)
The Chittoor Fisheries Department launches a 5-day awareness campaign to help fish farmers mitigate El Niño impacts like water shortage and low oxygen.
NEW ZEALAND
Pacific tuna treaty delivers US$50.4m to island nations
PHILIPPINES
The measure could weaken the fight against IUU fishing and affect seafood exports.
AUSTRALIA.jpg)
Dr. Patricia Zárate participated in the research recognized as Australia’s National Champion by the Frontiers Planet Prize.
RUSSIAN FEDERATION
In early June, European Commission President Ursula von der Leyen announced that the 21st package of measures against Russia over the invasion of Ukraine would include "fisheries for the first time." However, the EU has reversed course and removed measures targeting the fishing sector from this new sanctions package. There is no official explanation for the exclusion of these penalties.
