IN BRIEF - Wholesale Prices of Norwegian Mackerel in South Korea
SOUTH KOREA
Thursday, October 03, 2024
As of October 2024, the volume of frozen mackerel imported up to September was 33,926 tons, nearly identical to the 33,927 tons imported in 2023. The domestic distribution price has shown a steady upward trend, with the average import price of frozen mackerel by September 2024 standing at USD 2.17/kg.
Norwegian mackerel accounted for the largest share of imports, with 27,941 tons, representing 83.3% of the total.
The average import price for Norwegian mackerel was USD 2.23/kg. Chinese mackerel made up 10.9% of imports, with 3,645 tons and an average price of USD 1.97/kg. Taiwan contributed 1,352 tons, making up 4.0% of imports, at an average price of USD 1.48/kg. Additionally, 611 tons were imported from the Netherlands.
In the first week of October 2024, the wholesale price for Norwegian frozen mackerel, size 300/500g, reached 99,000 KRW, a 2.06% increase from September's price of 97,000 KRW, and a significant 57.14% rise from 63,000 KRW in December 2023.
For size 400/600g, the price was 98,000 KRW, a 1.03% increase compared to September 2024 and a 44.11% rise compared to 68,000 KRW in December 2023. The price of Norwegian mackerel is expected to continue its upward trend in the near future.
Singapore – Barramundi Group Ltd. (“the Company”) (EURONEXT: BARRA) – Reference is made to the stock exchange notice dated 02 July 2025 in relation to the Date of Hearing of Scheme Approval Application (“Previous Announcement”).
Unless otherwise defined, all capitalised terms in this announcement have the same meaning ascribed to them in the Previous Announcement.
By way of update, the Scheme Approval Application was heard before the the Honourable Justice Aidan Xu @ Aedit Abdullah on 14 July 2025 at 2.30PM (Singapore Time). The Company is pleased to announce that the Court has granted the orders sought by the Company in the Scheme Approval Application, thereby approving the scheme of arrangement proposed between the Company and the Scheme Creditors.
Further updates will be provided as the restructuring process progresses.
In line with its commitment to more efficient and sustainable aquaculture, Multi X has patented two new innovations for seawater operations. These are an Integrated Mortality Extraction System and a valve essential for its operation, allowing the company to automate the removal of mortality from the cage to silage, thereby reducing critical safety tasks for those involved in these operations. Furthermore, these innovations promote the health and well-being of the fish.
With this, the company now has a portfolio of five unique patents in Chilean salmon farming
Japanese seafood company Maruha Nichiro, which plans to rebrand as Umios in March 2026, has announced plans to open a restaurant that will feature cultivated seafood.
The Tokyo-based company is partnering with shopping center company Lumine Inc. to open a yet-to-be named seafood restaurant in the NEWoMan Takanawa shopping mall in central Tokyo. The expansive urban development, which opens this September and includes saunas, retail, and coffee shops, “aims to create unique experiential value that goes beyond the boundaries of a commercial facility
Author: Christine Blank / SeafoodSource l Read the full article here
Consumers in the UK are being asked to choose their favourite farmed seafood from 10 shortlisted by fish farming certification organisation the Aquaculture Stewardship Council (ASC) as part of its annual UK awards programme.
The Product of the Year – Consumer Choice category includes MOWI-branded Scottish salmon fillets, and live Golden Shell Mussels by Loch Fyne Oysters Ltd, along with prawns, two sea bass products, crumbed Mediterranean fish fillets, basa (pangasius) fillets, and Sainsbury’s own-brand pesto and Parmigiano Reggiano crusted salmon fillets. The shortlist also includes Amee Jee’s Mega Fish Burgers (59% pangasius), and a fish and seafood casserole mix from frozen foods retailer Iceland.
Source: fishfarmingexpert l Read the full article here
The Portonovo boat was "caught" in O Grove with 600 kilos more than permitted.
The Sea condemns these practices and warns of the risk to the sector.
A financial penalty of €9,671 for the shipowner, the confiscation of the seized product, and the three-month suspension of the operating permit to fish with an octopus pot on his 9.5-meter-long boat, built of polyester in 2011 and registered in Portonovo (Sanxenxo).
This is the proposed penalty for J.F.A.F. and his boat, filed by the Regional Ministry of the Sea in connection with the events that occurred on the 3rd in Porto Meloxo (O Grove), just 48 hours after the octopus campaign began in Galicia.
Author: Manuel Mendez / Faro de Vigo l Read the full article here
Shaurya Agarwal, co-founder of Blue Wave Aquaculture, aims to not only bring quality RAS-produced rainbow trout to discerning Indian consumers, but also provide a model to catalyse a new industry in his homeland.
According to Agarwal, there’s a significant demand for trout in India but consumers face a fairly unpalatable choice – they can either opt for domestically-grown fish that aren’t always produced to a high standard, or rely on expensive alternatives that have been imported from Norway and Denmark.
It’s a situation that Blue Wave aims to capitalise on – by producing premium trout products in India at a significantly lower cost. Indeed, according to Agarwal, while the industry average for producing trout via RAS globally hovers around $26 per kg, Blue Wave’s production costs should be $10 per kg less, thanks to lower labour, transport and energy costs.
Author: Rob Fletcher / The Fish Site l Read the full article here
Mowi expands US retail footprint with launch at Sedano’s supermarkets in South Florida.
Mowi has secured new shelf space at Sedano’s, the largest Hispanic-owned supermarket chain in the United States, bringing its premium pre-packed salmon products to South Florida consumers.
The offering includes fresh, skin-packed cuts of Atlantic salmon under the Mowi brand, positioned as a restaurant-quality option for at-home consumption.
Source: SalmonBusiness l Read the full article here
Canada’s salmon and other seafood exporters are facing a new tariff threat from Donald Trump.
The US President has said he will impose a 35% levy on all Canadian goods from 1 August.
Trump’s latest threat came in a letter to Prime Minister Mark Carney that the President posted to his social media site, Truth Social, on Thursday evening.
Canada sells seafood worth more than CA $4 billion (£2.2bn) to the US, with salmon and lobster leading the way
Author: Vince McDonagh / Fish Farmer l Read the full article here
With farming centers in different regions of southern Chile, Australis Seafoods has implemented a series of transformations in recent years aimed at strengthening the health sustainability of its operation. Reducing the use of antibiotics, improving transport processes from fish farms, and ongoing monitoring at sea are part of the company's current lines of work.
One of Australis Seafoods' main recent milestones has been the consolidation of antibiotic-free farming centers from freshwater to saltwater. This was stated by Joel Quidel, the company's Deputy Health Manager, who explained that the journey began in 2014-2015, when the company set out to strengthen its health strategies with the goal of reducing antibiotic use, achieving sustained progress until achieving concrete results.
Source: MundoAcuicola l Read the full article here
The Association of Producer Organizations, Pesca España, will once again have its own space at Vigo SeaFest, the gastronomic and recreational festival that ARVI is holding this weekend in the Galician city with the aim of promoting fish consumption and raising awareness about the role of the fishing sector in society.
In this sense, Pesca España will take advantage of the event to raise its voice against illegal fishing. As part of the festival's side events, the AOP is organizing the talk "Voices against Illegal Fishing." This will be a meeting in which the sector will present its commitment to combating this practice, as well as its effects on the sustainability of resources, social and labor conditions, and food safety.
The event takes place today, Friday, July 11, at 1:30 p.m., at the EG Stage of Vigo SeaFest (Jardines de Montero Ríos, Vigo).
Source: Industrias Pesqueras l Read the full article here
SOUTH KOREA
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SINGAPORE
Unless otherwise defined, all capitalised terms in this announcement have the same meaning ascribed to them in the Previous Announcement.
CHILE
In line with its commitment to more efficient and sustainable aquaculture, 
JAPAN
Japanese seafood company 
UNITED KINGDOM
Consumers in the UK are being asked to choose their favourite farmed seafood from 10 shortlisted by fish farming certification organisation the 
SPAIN.png)
A financial penalty of €9,671 for the shipowner, the confiscation of the seized product, and the three-month suspension of the operating permit to fish with an octopus pot on his 9.5-meter-long boat, built of polyester in 2011 and registered in Portonovo (Sanxenxo).
INDIA.png)
According to Agarwal, there’s a significant demand for trout in India but consumers face a fairly unpalatable choice – they can either opt for domestically-grown fish that aren’t always produced to a high standard, or rely on expensive alternatives that have been imported from Norway and Denmark.
UNITED STATES
Mowi 
CANADA
Canada’s salmon and other seafood exporters are facing a new tariff threat from Donald Trump..png)
With farming centers in different regions of southern Chile, 
The Association of Producer Organizations, Pesca España, will once again have its own space at Vigo SeaFest, the gastronomic and recreational festival that 
