From Holy week and Easter, the main consumption period for fishery products in Europe, is being celebrated early this year.

Traders are stocking up quickly, as cold storage holdings in Europe are low for all major products. This strong demand is leading to higher prices in all leading markets. Notably, shrimp has suddenly regained popularity, after bleak demand which had characterized the whole of 2023; accordingly, its prices increased sharply. With regard to tuna, a decline in the prices of raw material revived demand for canned tuna, as processors were able to offer lower price levels.

Meanwhile, logistics problems continue to be experienced for shipments of cargo through both the Panama and Suez Canals. It should be noted that the World Container Index (WCI), which decreased by 20 percent between February 2024 and March 2024 to USD 3 160, is USD 1 300 higher than the level in March 2023.

In the long run, this is expected to result in higher prices of seafood such as tilapia, pangasius, hake, and shrimp. The Euro area annual inflation rate was 2.8 percent in January 2024, down from 2.9 percent in December 2023. Comparatively, a year earlier, the rate was 8.6 percent. European Union annual inflation was 3.1 percent in January 2023, down from 3.4 percent in December 2022. In this European Fish Price Report, 48 percent of the prices did not change compared with February 2024, with some rises noted for 27 percent of seafood products and declines for 25 percent.

Read the full report here

Père & Fish is a restaurant specializing in fish burgers and street food, located in Paris. Many comments highlight the quality of the fish burgers offered, as well as the fish and chips and fried specialties. The dishes are prepared with fresh market fish, from sustainable fishing. The restaurant is appreciated for its friendly atmosphere, its nice decoration, and its fast food service.

Imagine yourself with your friends in class, you are working on a restaurant concept as a group project and your teachers are so enthusiastic that they advise you to give it a go…

Continue to imagine that a year after opening, your teachers were not wrong and that you are about to launch a franchise of your restaurant.

That's the summary of the story of the Père et Fish restaurant opened in September 2018. Ava, Anthony, Charles and Alex are about to achieve their dream: Becoming the first French Gourmet Fish Burger chain.

Père & Fish

is launching a franchise!

They have put our heart and soul into making the best recipes as easy as possible to serve to our fish lovers. And now they make it possible for anyone with a passion for restaurants and fish to do the same!

When transporting frozen fish or seafood, it’s crucial to pack boxes tightly to form a solid block, leaving room between the cargo and the walls of the unit. This allows air to freely circulate evenly around the load, maintaining a steady temperature for your goods.

End-to-end Reefer Transport Solutions – and Support 

MSC has the experts, fleet and network to ensure your seafood shipments are handled with utmost care at every stage of its journey. Our fleet of reefer containers is one of the world's most advanced and is fully supported by our industry-leading global team of reefer experts.

These experts are continuously trained to meet the growing reefer market demands of the fish and seafood market, so you can be sure your cargo is in safe hands.

You Have the Seafood, we Have the Expertise 

As specialists in seafood shipping, we understand the importance of preserving the condition of your cargo while ensuring your goods arrive swiftly at their destination. We deliver regular and frequent monitoring of shipments, from the loading of the container to the final destination. Thanks to our outstanding global coverage, we can provide end-to-end weekly services to locations around the world and have the capacity to accommodate seasonal fluctuations.

Want to know more about our shipping solutions for your seafood?

Download our brochure

According to trade statistics from the Ministry of Finance, the total value of Japan's salmon and trout imports in 2023 was 276.971 million yen (CIF), down 7% from the previous year.

Volume decreased by 12% to 212,918 tons. Both the volume and value of frozen products were lower than the previous year. Although the quantity of fresh products decreased, the value remained the same as last year, while the quantity of salted, smoked and prepared products remained at the same level as the previous year, but the value increased by 10%.

Coho salmon

La cantidad de salmón coho congelado (preparado) utilizado para filetes disminuyó un 12% a 84.151 toneladas, y el precio disminuyó un 11%.

Chilean coho salmon

eFishery, an Indonesia-based aquaculture firm, has acquihired DycodeX, a local AI-powered IoT startup. The deal, whose terms are undisclosed, will let eFishery expand its AI plans, which includes an upcoming brand called eFishery.ai.

The DycodeX team will join eFishery’s artificial intelligence of things (AIoT) and cultivation intelligence team, which is part of the unicorn’s product division. DycodeX co-founder and CEO Andri Yadi will lead the team as vice president.

With the new team, eFishery is planning a two- to three-year roadmap where it would launch 10 new products. They will take the form of IoT products and platforms, a generative AI product, as well as other aquaculture intelligence solutions.

Currently, eFishery has one AI-powered product called eFeeder, which allows its clients to enable automatic feeding for fish and shrimp cultivation. Other products include a feed marketplace and a B2B platform for fish trading. The company further said that with Yadi and his team, it expects product development cycle to be 3x to 4x faster.

The DycodeX acquihire comes as eFishery’s in expansion mode. Last year, the company entered India – its first overseas market – while raising $200 million in series D funding , which boosted its valuation to US$1.4 billion.

As of January 2024, eFishery said it counts 200,000 fish farmers as clients.

French Minister Hervé Berville has called for dialogue between the European Commission and the United Kingdom regarding recent decisions to expand marine protected areas (MPAs), which impact French fishing vessels’ activities in certain zones.

Speaking during the informal meeting of the Council of Fisheries Ministers of the European Union, Minister Berville emphasised the need for swift engagement between the Commission and London in response to the fishing ban imposed by the UK.

The French Minister warned the meeting, ”The Commission must enter into dialogue with London as soon as possible.”

While unable to attend the informal Council held in Bruges due to travel commitments in French Guiana, Secretary of State for the Sea and Biodiversity, Hervé Berville, voiced concerns over the fishing restrictions announced by the UK government.[continues...]

Author: Oliver McBride / The Fishing Daily

The disclosure was made by Vice President (VP) Bharrat Jagdeo on Thursday at his weekly press conference.

The VP was asked by a report of this publication if he can say whether the French vessel that the President spoke of, that will be patrolling the waters, saving the country $100M has arrived? Jagdeo said that, “It has not. But this is the estimate. Remember when we were talking about policing our exclusive economic zone so we do have to look at it. It’s estimated that we can lose as much as $100M per year from illegal fishing in our waters. This is deep sea though.”

The Vice President explained that investing in additional assets for the Guyana Defence Force will help curb illegal fishing. It was previously reported in the media that government was in talks with French officials in relation to having a large ship stationed in Guyana’s Exclusive Economic Zone. This is to facilitate the prevention of hundreds of millions in losses due to illegal fishing.

Source: Kaieteur News

The Norwegian Seafood Council has a new envoy to help promote the industry in France, one of the country’s main salmon markets.

She is 41-year-old Sigrid Louise G. Philippart (pictured) who is coming into the world of fish from the energy industry.

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