The GDP of the fishing sector grew by 6.4% in September 2025, according to the Ministry of Production (PRODUCE). The total volume of fish landings reached 141.4 thousand metric tons (MT), an impressive 70.9% increase compared to the same month in 2024.

Minister César Quispe Luján highlighted that the sector's contribution exceeded S/ 242 million. This positive boost is attributed to Direct Human Consumption (DHC), where landings surged by 72.2%.

The increase in DHC was notable across the industry:

• Frozen: +152.8 %
• Canned: +34.8 %
• Fresh: +11.8 %

Key species driving this growth were jumbo squid (+5620.7 %), bonito (+36.7 %), and shrimp/prawns (+37.5 %).

Note: There were no landings for Indirect Human Consumption (IHC) due to the an

Iran's farmed shrimp production is projected to hit 50,000 metric tons (mt) this year, marking a 20% increase from the 40,000 mt recorded in 2024, according to Mehrdad Mohammadi Doust, a senior official at the Iranian Fisheries Organization.

This significant growth is fueled by a major boom in the country's fishery sector, driven by rising export demand. The total shrimp farming area has expanded to over 16,000 hectares. The primary production centers are the southern provinces of Hormozgan and Bushehr and the northern province of Golestan.

A large majority of Iran's shrimp is exported, providing a vital source of hard currency as the nation works to diversify its economy away from oil. China is the largest purchaser, accounting for over 50% of exports. Other key markets include Russia, the UAE, Qatar, and Oman.

Overall, Iranian fisheries exports have reached 0.3 million mt, generating an annual revenue of $700 million.

The U.S. and South Korea have reached a trade deal that will reduce tariffs on the Asian nation from 25 percent to 15 percent, both countries announced on 29 October.

U.S. President Donald Trump initially threatened the 25 percent tariff in July, with a start date of 1 August. Since that time, all goods from the country – including seafood – have been subject to the duty.

Those tariffs are being reduced as South Korea and the U.S. have signed a memorandum of understanding (MoU) regarding technology to “enable collaboration toward joint opportunities of mutual interest in strategic science and technology disciplines.” Alongside the MoU, the U.S. announced that South Korea and Japan have signed a technology prosperity deals with the U.S. 

Author: Chris Chase / SeafoodSource | Read the full article here

The Ministry of Agriculture and Rural Development (AGRICULTURA), through the National Commission of Aquaculture and Fisheries (Conapesca), has announced the extension of the fishing ban for all species of shrimp in marine waters spanning from Tamaulipas to Veracruz. The measure is now extended until November 10, 2025.

The provision, published in the Official Gazette of the Federation (DOF), aims to promote the sustainable use of aquatic resources. This regulation is essential for ordering fishing activities and ensuring the protection of marine flora and fauna.

The decision to extend the ban is based on the technical opinion issued by the Mexican Institute for Research in Sustainable Fisheries and Aquaculture (IMIPAS), ensuring the management scheme is grounded in scientific criteria for conservation of the species.

Musandam Global Investment Company (MGIC) has launched its newest branch, MP World, marking a strategic push to position the Musandam Governorate as a leading maritime gateway. The initiative was immediately cemented by the signing of a pivotal 10-year agreement to develop and operate the Khasab Fishery Port.

The deal, which signals a new era for sustainable development in the region, was signed by Dr. Saud bin Hamoud al Habsi, Minister of Agriculture, Fisheries and Water Resources, and Raed al Shehhi, Chairman of MGIC. The Khasab Fishery Port will be exclusively dedicated to advancing Oman's fisheries infrastructure and supporting the nation's growing blue economy.

MGIC, a publicly listed company with deep local roots—boasting 1,885 shareholders from Musandam—is already a key driver of regional prosperity. Its portfolio includes major projects like the Tilal Al Nakheel residential development and the pioneering Musandam Drydock and Marine Industries. MGIC is also innovating in sustainable energy with a pilot project for Airborne Wind Energy (AWE).

While the Khasab facility will focus solely on fisheries, the creation of MP World provides a broader mandate to manage and operate various commercial, industrial, and logistics ports. This expansion aims to blend local insight with international expertise to achieve world-class standards in operational excellence, reinforcing Musandam’s strategic role in global trade and logistics.

During the Agriculture and Fisheries Council held in Luxembourg on October 27-28, 2025, Cyprus's Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, voiced strong support for the EU's position ahead of the upcoming International Commission for the Conservation of Atlantic Tunas (ICCAT) session.

The focus of her intervention regarding fisheries was on the possible increase in Total Allowable Catches (TAC) for bluefin tuna. Minister Panayiotou fully supported the European Commission's commitment to safeguarding the EU's interests, emphasizing that the stock's recovery is a success and the priority is to avoid any reduction in the existing EU quota distribution.

Fishing Fleet Safety

The Minister stressed the need to ensure fair treatment and predictability regarding the fishing opportunities of member states. Furthermore, she raised the issue of the illegal actions and harassment directed at the Cypriot fishing fleet by Turkey.

Europêche welcomes the political agreement by EU fisheries ministers on the 2026 catch limits for key Baltic Sea fish stocks. The sector particularly recognises that the final Council agreement represents a major improvement compared to the initial European Commission proposal, which would have resulted in the closure of many fishing companies across the Baltic region. The decision more effectively balances environmental sustainability with socioeconomic realities in setting Total Allowable Catches (TACs).

Source: Fish Focus | Read the full article here

Norway’s largest salmon farmers have again denied claims by the big UK retailer Tesco that they colluded to rig prices.

The legal news service Law 360 is reporting that the companies being sued by Tesco over alleged cartel arrangements have repeated their denials that any wrongdoing took place.

The salmon farmers’ statement, according to reports,  is contained in “defense” (sic) filings placed before the UK High Court earlier this month.  

Leading UK retailers such as Asda, Iceland, Marks and Spencer, Morrisons, Aldi, the Co-op, Ocado, and Tesco have brought lawsuits alleging that leading salmon producers, in the late 2010s, shared confidential market information in order to manipulate the price.

Author: Vince McDonagh / Fish Farmer | Read the full article here