IN BRIEF - South Korea's Wholesale Distribution Price of Frozen Mackerel and Market Share by Origin (Norway, UK, Netherlands, China...)
SOUTH KOREA
Wednesday, March 19, 2025
As of February 2025, South Korea's total imported volume of frozen mackerel reached 20,057 tons, a 52.5% increase compared to the 13,149 tons imported in February 2024.
The domestic wholesale price remains stable, with the following approximate price levels:
The average import price of frozen mackerel up to February 2025 was $2.69 USD per kg.
Among the total imports, Norwegian mackerel accounted for 91% (18,614 tons), with an average import price of $2.74 USD per kg. Chinese mackerel represented 5.3% (1,050 tons) at $2.00 USD per kg, and 375 tons were imported from the UK.
As of the 4th week of March 2025, the wholesale price of Norwegian frozen mackerel is:
300/500g size: 99,000 KRW (approximately $73 USD), down 0.5% from 99,500 KRW (approximately $73.40 USD) in February 2025.
400/600g size: 101,000 KRW (approximately $74.50 USD), up 1.51% from 99,500 KRW (approximately $73.40 USD) in February 2025.
Moving forward, Norwegian mackerel prices are expected to remain around 100,000 KRW (approximately $73.80 USD) per box.
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The PNA has opened applications for a new CEO to lead its office in Majuro, Marshall Islands. Candidates need at least 10 years of senior management experience in the tuna sector. The appointment is for 3 years, renewable for up to 3 more, overseeing strategy, operations and sustainable resource management.
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Yadran recorded lower survival rates and lower fish weights than Nissui had expected during the first quarter, the company disclosed in its latest investor presentation.
Fish disease was responsible for the lower survival rates and also increased disease-related costs, while low dissolved oxygen levels resulted in feeding restrictions that slowed salmon growth
Source: SalmonBusiness | Read the full article here
Five new licences will allow bluefin tuna catches in Wales, Jersey and Scotland.
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Ngai Tahu's Hananui project targets production of up to 14,400 tonnes annually off Rakiura/Stewart Island.
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Krishna Sri Kotikalapudi left her technology career to enter aquaculture and now manages 105 acres of shrimp farming operations in Andhra Pradesh.
An Electrical Engineering graduate, Kotikalapudi is involved in a family operation spanning nearly 800 acres, applying a technical approach to pond management, health and feeding. She also shares practical aquaculture knowledge with around 14,000 followers on social media, helping promote more efficient and science-based farming practices.
Fish exports fell 83.7% between 2014 and 2025, while ports, fishermen and coastal communities suffered major impacts.
Yemen estimates direct and indirect losses to its fisheries sector at more than US$15 billion, including around US$2 billion in lost exports and investment. Fish exports dropped from 46,300 tonnes in 2014 to 7,521 tonnes in 2025. In addition, 11 fishing ports and landing centres were affected, while more than 21,600 people lost their main sources of livelihood.
The initiative combines traditional fishing, tourism and gastronomy, backed by public funding for vessel upgrades.
Greece is promoting fishing tourism to diversify fishermen's income. The 2021-2027 programme funds vessel upgrades, safety and equipment, while a separate €16 million call supports investments in the professional fishing fleet.The Ministry of Rural Development and Food is supporting these initiatives through the Fisheries, Aquaculture and the Sea Programme 2021-2027, which provides funding for vessel adaptations, equipment purchases and improvements related to safety and hygiene.
Ode, Norway’s leading cod producer, has been awarded its first ASCcertification, the most rigorous and widely recognised sustainability, quality and responsibility standard in aquaculture. This makes Ode the first cod producer in the world certified against the standard of the Aquaculture Stewardship Council (ASC).
ASC opened for certification of Atlantic cod in 2025, when cod was included in the revised ASC Salmon and Cod Standard v1.5. Ode is the first company to have completed a full audit and been awarded a certificate under the new standard.
This certification is a strong validation of Ode, the way we operate, and the products we provide our customers.
Chilean aquaculture and agriculture giant AgriSuper has received approximately US $48 million in refunds of tariffs paid on its exports to the United States.
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Author: Gareth Moore and Jonathan Garces / fishfarmingexpert | Read the full article here
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