IN BRIEF - Frozen Cod Imports Down 64% by June 2024
SOUTH KOREA
Wednesday, July 17, 2024
In June 2024, the import volume of frozen cod to South Korea was 667 tons, a 61% decrease compared to 1,722 tons in the same period last year. The cumulative import volume for this year reached 2,731 tons, a 64% drop from the 7,549 tons recorded in the same period last year.
This represents 0.61% of the total seafood import volume of 445,418 tons.
Looking at the import sources, 94% of the frozen cod imported by June came from Russia, totaling 2,576 tons. The United States supplied 122 tons, China 20 tons, and Canada 13 tons.
The import prices by country were USD 3.33/kg from Russia, USD 2.76/kg from the United States, and USD 2.60/kg from China, with China offering the lowest price.
In June, the import value of frozen cod was USD 2.45 million, a 54% decrease from USD 5.29 million in the same period last year. The cumulative import value was USD 8.96 million, a 71% drop from USD 30.53 million recorded in the same period last year. The average import price was USD 3.28/kg, a 19% decrease from USD 4.04/kg in the same period last year. This reflects the overall decline in import volume and the downward trend in prices.
An aerial drone photo shows an ecological marine cage breeding area in Rongcheng City, east China's Shandong Province. As a province noted for its major marine fishery economy, Shandong has been actively building marine farms in recent years, aiming to continuously enrich the "blue food depot."
To date, Shandong has built 139 "marine farms" at or above the provincial level, including 71 at the national level, or 38 percent of the country's total at the level. The province now boasts an integrated industrial chain for marine fishery that ranges from aquaculture, fishing to intensive processing.
Workers package sweet shrimp products at Shandong Meijia Group Co., Ltd. in Rizhao City, east China's Shandong Province.
The output of marine aquatic products in Shandong reached 8.25 million tonnes with an added value exceeding 100 billion yuan (about 14.09 billion U.S. dollars) in 2024, topping among all regions at the provincial level in the country. (Photo by Li Xinjun/Xinhua)
More than 60 countries begin negotiations today at ICCAT on the allocation of tuna catches in the Atlantic and Mediterranean for the 2026-2028 period
The Spanish bluefin tuna fleet enters a crucial week in Seville, where more than 60 countries are negotiating within the International Commission for the Conservation of Atlantic Tunas (ICCAT) on the allocation of tuna catches in the Atlantic and Mediterranean until 2028. The meeting, which will continue until November 24 in a hybrid format, has one clear focus: the upward revision of the bluefin tuna quota, an emblematic species whose recovery has been supported by the organization's own scientific reports.
It will be held on November 24 at the MAPA headquarters in Atocha, Madrid
The Biodiversity Foundation, together with the Ministry of Agriculture, Fisheries and Food (MAPA), will hold a commemorative event on November 24 to mark Aquaculture Day, focusing on the importance of R&D&I to promote the sustainability of the sector. It will take place at the MAPA headquarters in Atocha starting at 10:00 a.m. During the event, the 24th JACUMAR Aquaculture Research Award will be presented.
Since 2012, promoted by the Spanish Aquaculture Observatory of the Biodiversity Foundation (OESA) and in coordination with the Spanish Aquaculture Society (SEA), Spain has celebrated Aquaculture Day on November 30.
Source: iPac.aquacultura | Read the full article here
The annual meeting of the General Fisheries Commission for the Mediterranean in Málaga has delivered progress on vessel transparency but leaves major enforcement gaps, according to the Med Sea Alliance and its members Oceana and The Nature Conservancy
Countries agreed to require International Maritime Organisation numbers for vessels over 20 metres, a permanent and cost-free identifier intended to improve traceability and curb illegal, unreported and unregulated fishing.
Campaigners said the move helps but still excludes much of the fleet.
The big Portuguese retail group Jerónimo Martins Agro-Alimentar, S.A is investing around £12m in Norwegian farming company Norcod.
Norcod will issue a total of 12,707,454 shares to the retailer, raising gross proceeds of NOK 157m.
The subscription price in the Private Placement will be NOK 12.375 per new share.
The proceeds from the Portuguese private placement will be used to finance Norcod’s further acceleration of its growth strategy. Completion of the private placement is subject to a Norcod extraordinary general meeting.
It will also give the Portuguese giant an 18% stake in one of Norway’s main cod farmers.
Author: Vince McDonagh / Fish farmer | Read the full article here
The Sea-Fisheries Protection Authority (SFPA) recently issued an Information Notice to industry on new USA import restrictions for salmonids and spiny lobster. The Information Notice was issued in relation to technical requirements for Irish companies trading with the USA in an evolving third country regulatory environment.
The USA Authorities have informed the Department of Agriculture, Food, and the Marine (DAFM), and the SFPA, that from the 1st of January 2026, salmon from an aquaculture source, and spiny lobster, cannot be exported from Ireland to the USA.
Chilean salmon venture BluGlacier has joined the National Fisheries Institute's (NFI) Sushi Council, adding another member to the newer but growing organization.
The council is a precompetitive organization hosted by NFI to support the U.S. sushi industry. The organization includes stakeholders from across the sector, including growers, harvesters, processors, importers, distributors, retailers, and foodservice operators. Launched in 2024 with 26 founding members, the council has continued to bring more companies involved in the sushi value chain into its fold.
Launched as a joint venture between Chilean salmon-farming firms Salmones Blumar and Ventisqueros in 2016, BluGlacier helps provide pathways for U.S. buyers to access Chilean salmon.
Author: Nathan Strout /SeafoodSource | Read the full article here
Fish are sought-after marine ingredient for aquafeed
Peruvian authorities have announced that the quota for the second anchovy fishing season in the North-Centre of Peru is bigger than first guided, at 1.63 million tonnes.
Oil-rich anchovies are regarded as the gold standard for inclusion in feed for salmon and other farmed fish.
Source: fishfarmingexpert | Read the full article here
Proximar on track for biomass target as refinancing strengthens balance sheet.
Proximar Seafood reported a further ramp-up of production at its land-based salmon facility in Japan in the third quarter of 2025, and said it remains on track to reach a year-end biomass target of around 2,000 tonnes live weight.
The company harvested 356 tonnes HOG in the quarter, taking total harvest volume since September 2024 to 1,200 tonnes HOG. The superior share in the period was 99.2 percent, with survival in grow-out, including incidents, above 99 percent.
Source: SalmonBusiness | Read the full article here
The European fishing industry association, Europêche, met with Maria Martin-Prat, Deputy Director-General of the European Commission's Directorate-General for Trade (DG Trade), and her team responsible for Asia and trade policy coordination. The dialogue focused on ensuring fair market conditions for EU seafood producers in the ongoing trade negotiations, especially with Thailand and North Atlantic partners, and on ensuring that trade liberalization does not undermine the competitiveness, sustainability, and social standards of the fishing sector.
Source: Industrias Pesqueras | Read the full article here
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This represents 0.61% of the total seafood import volume of 445,418 tons.(2).png)
CHINA
SPAIN
More than 60 countries begin negotiations today at ICCAT on the allocation of tuna catches in the Atlantic and Mediterranean for the 2026-2028 period.png)
It will be held on November 24 at the MAPA headquarters in Atocha, Madrid
The annual meeting of the General Fisheries Commission for the Mediterranean in Málaga has delivered progress on vessel transparency but leaves major enforcement gaps, according to the Med Sea Alliance and its members Oceana and The Nature Conservancy
NORWAY
Norcod
UNITED STATES
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The council is a precompetitive organization hosted by NFI to support the U.S. sushi industry. The organization includes stakeholders from across the sector, including growers, harvesters, processors, importers, distributors, retailers, and foodservice operators. Launched in 2024 with 26 founding members, the council has continued to bring more companies involved in the sushi value chain into its fold.
PERU
Fish are sought-after marine ingredient for aquafeed
JAPAN.png)
Proximar on track for biomass target as refinancing strengthens balance sheet.
EUROPEAN UNION
The European fishing industry association, 
