VASEP Infographic: Vietnam's Tuna Exports in the First 8 Months of 2024
VIET NAM
Friday, September 20, 2024
Vietnam's tuna exports in August 2024 continued to increase in value, but the growth rate slowed down. In the first 8 months of 2024, the export turnover increased by 19%, reaching 648 million USD.
The wholesale distribution prices of frozen pollock in South Korea exhibited varied trends by size during the 4th week of March 2025. Prices for sizes 6 and 7 declined, while sizes 8 and 9 increased.
As of February 2025, South Korea imported 24,373 tons of frozen pollock, a 4% decrease compared to the 25,500 tons imported in February 2024. However, the total import value reached $25.484 million USD, a 1% increase from $25.247 million USD in 2024.
The average import price of frozen pollock as of February 2025 was $1.05 USD/kg, a 6% increase from $0.99 USD/kg in 2024. By country, the import prices were:
Russia: $1.04 USD/kg
United States: $1.44 USD/kg
In terms of import share, Russia accounted for 99.52%, while the United States contributed 0.48% of the total imports.
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Wholesale Prices by Size
Size 7: Approximately 38,000 KRW (approximately $28.15 USD)
Size 8: Approximately 35,500 KRW (approximately $26.30 USD)
The price of the representative Size 8 pollock in March 2025 showed:
A 7.6% increase from 33,000 KRW (approximately $24.45 USD) in February 2025.
A 1.4% decrease from 36,000 KRW (approximately $26.65 USD) in January 2025.
Market conditions indicate fluctuations in frozen pollock prices depending on size, with some sizes experiencing price declines while others are on the rise.
Neo-Kortex Group LLC has received yet another warning from Rosselkhoznadzor for the mislabeling of black caviar.
The company, located in Rzhev, Tver region, is packaging Chinese black caviar in its "Caspian Gold" branded jars and distributing the product as its own to supermarkets, online retailers, and restaurants.
Rosselkhoznadzor inspectors discovered that over 40 kg of black caviar from the Chinese manufacturer Quzhou Xunlong Aquatic Food Sci-tech Development Co. was delivered to Neo-Kortex Group's production facility. This caviar was then repackaged into consumer containers bearing the "Caspian Gold" trademark in various sizes (50g, 100g, 125g, 250g).
While production documents correctly identify the Chinese caviar as the raw material, Neo-Kortex Group is listed as the manufacturer of the final product.
This Rzhev-based enterprise has a history of misrepresenting Chinese black caviar as a premium Russian delicacy. The Rzhev Fish Breeding Complex, affiliated with Neo-Kortex Group, has repeatedly drawn scrutiny from law enforcement and regulatory bodies for this practice.
Notable incidents include the seizure of over 900 kg of counterfeit black caviar in late 2018. More recently, between 2023 and 2024, Neo-Kortex Group LLC received eight warnings from supervisory authorities for falsifying information regarding the sturgeon caviar producer in official documentation
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.
Nichirei Corporation is honored to announce it has received the Excellence Award at the NIKKEI Integrated Report Awards 2024, presented by Nikkei Inc.
Nikkei Inc. hosts the annual NIKKEI Integrated Report Awards to promote the advancement and dissemination of integrated reporting (*). Since 2018, Nichirei has utilized its integrated report as a key communication tool for stakeholders, particularly investors.
The report aims to articulate Nichirei’s vision and sustainability efforts by systematically presenting financial and non-financial information alongside its business strategies. The award specifically acknowledged the report's clear articulation of ROIC-conscious management and the demonstration of how non-financial initiatives contribute to financial value drivers and overall corporate value enhancement.
Nichirei remains committed to enhancing its integrated report, providing valuable financial and non-financial information, and fostering dialogue with stakeholders to drive corporate value.
*Note: The awards were known as the "Nikkei Annual Report Awards" from 1998 to 2020 and were renamed in 2021.
The total fishmeal production from IFFO’s members* in January increased by approximately 75 percent compared to the same month in 2024.
According to the organisation’s latest report, this increase was primarily influenced by a 300 percent increase in the Peruvian output, while Chile, the USA, Spain and the African countries also reported positive trends.
As for fish oil, total output in January 2025 was 71 percent up year over year, again mainly driven by Peru. The other regions also reported an increased fish oil production compared to January 2024, with the exception of the North European countries.
Pescapuerta is participating in the Seafood Expo North America/Seafood Processing North America (Boston) with its subsidiary, Vanaper Trade, a firm specializing in the farming and marketing of vannamei shrimp. The whiteleg shrimp, or vannamei shrimp in Spain, is a species of shrimp in the Penaeidae family, order Decapoda. It is native to the eastern Pacific Ocean, from the state of Sonora, Mexico, to northwestern Peru.
A total of 13 Galician companies are promoting their products. The Xunta (Government of Galicia) is using the event to promote Galician fish and seafood and encourage companies to establish new commercial alliances with companies from other parts of the world.
It is the largest showcase of its kind in North America, attracting more than 20,000 industry-related organizations from over 50 countries.
The Ministry of the Sea brings the excellence of Galician coastal products to the largest fish and seafood fair in North America.
Chilean companies will shine at the largest seafood fair in the US, showcasing their salmon, mussels, sea urchins, and more.
With more than 4,000 kilometers of coastline, Chile is one of the largest producers of seafood products, which reach more than 100 markets around the world. It is the largest exporter of fresh and frozen salmon fillets, canned mussels, and sea urchins. It is also the second-largest supplier of frozen toothfish chunks and frozen whole, headless, and gutted mackerel.
To reinforce its global leadership position, the South American country will showcase its high-quality offerings at Seafood Expo North America 2025, which will take place at the Boston Convention and Exhibition Center.
Source: MundoAcuicola l Read the full article here
Japanese food packaging and cold storage company Shingi Corporation is utilizing the power of magnets to ensure seafood products crafted by processors, and served by hotels, restaurants, and retailers around the globe, stay as fresh as possible for as long as possible.
Shingi Executive Manager Nori Tanaka told SeafoodSource at the 2025 Seafood Expo North America that the idea for the firm’s innovative proton freezers came about around 10 years ago because traditional methods of freezing food, whether through conventional rapid freezers, blast freezers, or other methods, can result in changes to flavor, texture, and even aroma upon reheating.
Author:Teddy Hans / SeafoodSource l Read the fuul article here
UK secures over 2,000 tonnes of fishing opportunities through annual negotiations with the Faroe Islands, valued at £5 million
The agreement provides UK fishermen with 880 tonnes of cod and haddock, 575 tonnes of saithe, as well as redfish, blue ling and ling, flatfish and other species in Faroese waters
The deal follows the conclusion of negotiations with the EU and Norway in December
The UK fishing industry will receive over 2,000 tonnes of fishing opportunities in Faroese waters, following annual negotiations with the Faroe Islands for 2025, the UK government has announced yesterday (17 March).
In February 2025, the total volume of frozen pollock imported into Korea was 13,036 tons, a 16% decrease compared to the 15,599 tons imported in the same period of 2024.
The cumulative import volume for the year reached 24,373 tons, a 4% decline from the 25,500 tons recorded in the previous year (25,500 tons). This represents 16% of total seafood imports, which amounted to 152,793 tons.
Russia supplied the majority (99%) of frozen pollock imports, with 24,257 tons, while the United States provided 116 tons. The import price was USD 1.04/kg for Russian pollock and USD 1.44/kg for American pollock.
The total import value of frozen pollock until February 2025 was USD 13.79 million, a 10% decrease compared to USD 15.33 million in the same period of 2024. However, the cumulative import value reached USD 25.48 million, a 1% increase compared to USD 25.24 million in the previous year (USD 25.24 million).
The average import price was USD 1.05/kg, a 6% increase from USD 0.99/kg in the same period of 2024.
Despite the decline in import volume, the average import price of frozen pollock has increased, and the total cumulative import value has risen slightly.
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VIET NAM
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RUSSIAN FEDERATION
Rosselkhoznadzor inspectors discovered that over 40 kg of black caviar from the Chinese manufacturer Quzhou Xunlong Aquatic Food Sci-tech Development Co. was delivered to Neo-Kortex Group's production facility. This caviar was then repackaged into consumer containers bearing the "Caspian Gold" trademark in various sizes (50g, 100g, 125g, 250g).
JAPAN
Nikkei Inc. hosts the annual NIKKEI Integrated Report Awards to promote the advancement and dissemination of integrated reporting (*). Since 2018, Nichirei has utilized its integrated report as a key communication tool for stakeholders, particularly investors.
WORLDWIDE
The total fishmeal production from 
UNITED STATES.png)
Pescapuerta 
With more than 4,000 kilometers of coastline, Chile is one of the largest producers of seafood products, which reach more than 100 markets around the world. It is the largest exporter of fresh and frozen salmon fillets, canned mussels, and sea urchins. It is also the second-largest supplier of frozen toothfish chunks and frozen whole, headless, and gutted mackerel.
Japanese food packaging and cold storage company Shingi Corporation is utilizing the power of magnets to ensure seafood products crafted by processors, and served by hotels, restaurants, and retailers around the globe, stay as fresh as possible for as long as possible.
UNITED KINGDOM.png)
The agreement provides UK fishermen with 880 tonnes of cod and haddock, 575 tonnes of saithe, as well as redfish, blue ling and ling, flatfish and other species in Faroese waters
