Thu. Jul 11 2024

VIDEO: Mexican Fisheries Leader Killed; India Shrimp Antidumping Update; Echo Falls New Tuna Product


Peak Week: Bristol Bay Sockeye Landings of 17.5 Million Are Now 70% of Forecast


U.S. Authorities Lobbying For MSC to Ban Russia  


Bayou Best Foods Is The Latest Company To Enter Plant-Based Seafood Space


Oregon Seaweed Makes It Way Onto New Seasons Market Shelves  


Maggiano’s Little Italy Looking To Next Chapter While Under New Leadership


Ahimsa Companies Scoops Up Ohio Plant-Based Production Facility


ANALYSIS: Brazil Shifts Lobster Trade Away from the U.S.  


Seafoodnews.com Summary Thursday, July 11


Wed. Jul 10 2024

Chinese Seafood Labeled As New High Priority Sector For Uyghur Forced Labor Prevention Act


Mexican Fisheries Organization Leader Killed After Speaking Out On Illegal Fishing


The Retail Rundown: Dog Days Dull Buying Occasions


Commerce Releases Final Results of Antidumping Review of Shrimp From India  


Japan: May Surimi Imports Increase by 10.2% to 24,000 Tons  


Maruha Nichiro Expects $38 Million in Sale of Its C&F Logistics Holding Company


Ocean Beauty Seafoods Adds New Yellowfin Tuna Product To Echo Falls Smoked Seafood Line  


Icelandic Japan Starts Importing Fresh Atlantic Salmon from Iceland  


Seafoodnews.com Summary Wednesday, July 10


Tue. Jul 9 2024

ANALYSIS: Atlantic Halibut Market Experiences Significant Price Volatility in 2024  


Minister Lebouthillier Launches Investigation Into Arrest Of Mi’kmaq Men Elver Fishing  


Nissin Brings Back its Sold Out Plant Based Eel  


Iceland’s LAXEY Raises €6 Million to Continue Construction On New Facility  


Blue Star Foods Looks To AI To Combat Labor Issues In Soft Shell Crab Shedding Operations  


Skrimp Shack Comes Up With Delicious Solution For Invasive Blue Catfish  


Seafoodnews.com Summary Tuesday, July 9


Mon. Jul 8 2024

Snow Crab's Cool Conquest of U.S. Market  


PODCAST: Fire On Northline Seafoods' New Salmon Barge; USDA Catfish Awards; And More


ANALYSIS: Farmed Salmon Import Update  


ANALYSIS: Argentina Shrimp Exports Slightly Down in 2024  


Russia Projects Surimi Production to Triple to 163,000 Tons by 2028  


Nordic Aqua Partners, International Seafood Ventures Announce New Executive Appointments


Russia May Face Sharp Rise In Salmon Prices This Year  


Seafoodnews.com Summary Monday, July 8


Fri. Jul 5 2024

Thai Union Just Opened Its First Global Shop In A Very Unique Location


American Seafoods Group Pauses Sale Process, Aims Focus on Business and Growth Prospects


Dunleavy Vetoes $10 Million for Alaska Seafood Marketing When Industry Needs it Most


Japan’s Russian Seafood Imports Fall In Terms of Both Volume and Value in 2023


Norwegian Snow Crab Experiences “Record-breaking” 6 Months While King Crab Struggles  


Seafoodnews.com Summary Friday, July 5


ANALYSIS: U.S. Shrimp Imports Reverse Slightly Higher In May


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VIDEO: Mexican Fisheries Leader Killed; India Shrimp Antidumping Update; Echo Falls New Tuna Product

Join Seafoodnews Senior Editor Amanda Buckle and Expana Senior Seafood Market Reporter Lorin Castiglione for the latest episode of the Seafoodnews weekly video. On this episode Amanda and Lorin talk about the death of Mexican fisheries leader Minerva Pérez Castro; the antidumping determination for Indian shrimp; and Echo Falls’ new tuna product.

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Peak Week: Bristol Bay Sockeye Landings of 17.5 Million Are Now 70% of Forecast

With landings expected to peak this week, the Bristol Bay fleet has landed 17.5 million sockeye in a run that, including the most recent escapement numbers, is quickly reaching its forecasted goal.

The Nushagak District has in fact exceeded the run goal of 8.2 million harvest and 3.8 million escapement with a total of 8.33 million harvest as of Tuesday, July 9, and actual escapement of 5.45 million sockeye. Of that district, it is the Wood River that has surged on...

 

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U.S. Authorities Lobbying For MSC to Ban Russia

According to some Russian media reports,, U.S. authorities are lobbying for the Marine Stewardship Council (MSC) to ban Russia from using the international environmental certificate for fishing.

As the Russian RBC business paper has recently reported,a group of American senators appealed to the MSC to ban the use of the international environmental fisheries certificate by Russian fishermen. Senators Dan Sullivan and Lisa Merkausky (from Alaska), as well as senators Susan Collins and Angus Stanley King Jr. (from Maine), reportedly sent a letter with such demands to the...

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Oregon Seaweed Makes It Way Onto New Seasons Market Shelves

New Seasons Market, a neighborhood grocer with locations in Oregon and Washington, announced this week that it has partnered with Oregon Seaweed, a land-based seaweed farm based in Garibaldi, Oregon.

Oregon Seaweed’s flagship product, fresh Pacific dulse is now available in many of New Season Market’s produce departments. The product is grown on land using fresh seawater directly from the Oregon Coast. The farmed dulse seaweed can be used raw in soups, salads or smoothies. It can also be baked into chips, or even sauteed to...

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Ahimsa Companies Scoops Up Ohio Plant-Based Production Facility

Gathered Foods, an Ohio-based manufacturer of plant-based foods, has sold its production facility to the Ahimsa Companies, a newly formed holding company for plant-based brands.

Ahimsa first made headlines last month when Wicked Kitchen, the makers of plant-based seafood brands Good Catch and Current Foods, merged with the holding company. Ahimsa is being led by Group CEO Matt Tullman, who is currently focused on acquiring plant-based brands, along with manufacturing and sales enablement businesses.

"This strategically located plant is a...

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Mexican Fisheries Organization Leader Killed After Speaking Out On Illegal Fishing

On Monday, Minerva Pérez Castro, the President of Mexico’s National Chamber of Fisheries and Aquaculture Industries, Canainpesca, spoke to En La Mira TV to condemn illegal fishing and the negative impact it has on the fishing industry. Hours later she was killed.

According to authorities, Pérez Castro was in the port city of Ensenada when she was gunned down by an unidentified individual. Maria Elena Andrade, the state prosecutor, told CBS News that this was a “direct assassination attack” that left the victim riddled with...

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Commerce Releases Final Results of Antidumping Review of Shrimp From India

A notice regarding the final results of the antidumping duty administrative review of certain frozen warmwater shrimp from India was published in the Federal Register on Wednesday. According to the document, the final result remains unchanged from the preliminary results following the comment period.

The Department of Commerce first initiated an administrative review of the antidumping duty order on shrimp from India in April 2023. Commerce published its preliminary results review and partial rescission for 2022-2023 this past March. At the time, Commerce said they...

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Maruha Nichiro Expects $38 Million in Sale of Its C&F Logistics Holding Company

Maruha Nichiro, the world’s largest seafood company, announced its intention on Tuesday to tender all shares of stock in Chilled & Frozen Logistics Holdings Co. (C&F Holdings). Their asking price: $38 Million at today’s currency exchange rate. 

The decision was made by the Maruha’s Board of Directors at a meeting July 9 in part to resolve the issue of cross-shareholding, a situation where one publicly-traded company holds a significant number of shares of another publicly-traded company.

In this...

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Icelandic Japan Starts Importing Fresh Atlantic Salmon from Iceland

Icelandic Japan has begun selling fresh Atlantic salmon in Japan. According to the company, this is the first time fresh Atlantic salmon grown in Iceland has been sold in Japan. Minato Shimbun reported that the company expects to sell to mass retailers nationwide and aims to expand sales to 40 tons per week, 800 tons in the first year, and 3,500 tons per year after three years.

On July 2, a tasting event was held at the Icelandic Embassy in Tokyo for related parties. Ambassador to...

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Minister Lebouthillier Launches Investigation Into Arrest Of Mi’kmaq Men Elver Fishing

Dianne Lebouthillier, the Minister of Fisheries, Oceans and the Canadian Coast Guard, confirmed on Monday that the Canadian government will be launching a “comprehensive external review” into a March 2024 incident involving fisheries officers who arrested two Mi’kmaq men for elver fishing.

Minister Lebouthillier made the decision to close the elver fishery for the 2024 season in early March. The decision was based on challenges for the fishery, like illegal harvesting, but also acts of violence between harvesters and fishery officers. 

“I have carefully considered all...

 

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Bayou Best Foods Is The Latest Company To Enter Plant-Based Seafood Space

There is a new player in the plant-based seafood space. Food-tech global investment leader Big Idea Ventures (BIV) has launched Bayout Best Foods, a new manufacturer of plant-based seafood, utilizing the intellectual property of the recently defunct New Wave Foods.

Plant-based shrimp maker New Wave Foods filed documents in November 2023 stating that they were unable to pay their debts and had decided to discontinue the business. In the General Assignment document, New Wave Foods stated that it believed that...

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Maggiano’s Little Italy Looking To Next Chapter While Under New Leadership

In December industry veteran Dominique Bertolone was appointed as the President of Maggiano’s Little Italy and SVP of Brinker International, the parent company of Chili’s, Maggiano’s and virtual brand Just Wings. Now, a little more than halfway through the year, the Italian-American dining chain is introducing its next chapter that “sets the standard for Italian-American dining.”

"We are stepping into an incredibly exciting time at Maggiano's, bringing new and elevated elements inspired by luxurious experiences from Las Vegas and Italy, to our...

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Chinese Seafood Labeled As New High Priority Sector For Uyghur Forced Labor Prevention Act

On Tuesday the Department of Homeland Security released an update to the Uyghur Forced Labor Prevention Act (UFLPA) Strategy to Prevent the Importation of Goods Mined, Produced, or Manufactured with Forced Labor in the People’s Republic of China (PRC). The Strategy has been in place since 2022 and was updated last August. But the latest update identifies seafood as a “new high priority sector for enforcement.” 

“Forced labor is a form of modern slavery, and the Department of Homeland Security is committed to...

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The Retail Rundown: Dog Days Dull Buying Occasions

Holiday retail meat clearance last week was reported as mostly positive albeit a bit scattered due to varying weather conditions across the country. This week, extreme heat and record temperatures are expected to persist in the Western and Eastern U.S.

The sweltering conditions that typically accompany the dog days of summer make it challenging for retail to capture regular meat purchases. The egg case also typically sees fewer purchases around this time of year as consumers opt for cold breakfasts like cereal and fruit...

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Japan: May Surimi Imports Increase by 10.2% to 24,000 Tons

Japan’s Ministry of Finance recently announced that 24,032 tons of surimi were imported in May 2024, an increase of 10.2% from the previous year. Cumulative imports from January to May were 83,503 tons, an increase of 2.5% from the previous year.

According to Kamaboko News, imports from the United States were 12,349 tons, up 18.6% from the previous year. Cumulative imports from January to May were 35,372 tons, up 11.6%. Imports from Thailand and Argentina increased by 83.7% and 48.8%, respectively, to 1,514 tons and...

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Ocean Beauty Seafoods Adds New Yellowfin Tuna Product To Echo Falls Smoked Seafood Line

Ocean Beauty Seafoods’ Echo Falls Smoked Seafood line is full of mouthwatering salmon products, and even some sablefish. But new to the brand this fall is a Smoked Yellowfin Tuna product. 

“Smoked seafood has always been a core part of our business and what we do best,” said Ron Christianson, Vice President of Sales and Marketing. “It was a natural decision to provide customers with a distinctive but approachable smoked tuna product, prepared using Echo Falls' traditional methods." 

The tuna is wild-caught and...

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ANALYSIS: Atlantic Halibut Market Experiences Significant Price Volatility in 2024

The Atlantic halibut market continues to experience significant price swings in 2024. At the beginning of the year, prices were well into the $15 range, but they have now dropped to about half that amount. While market volatility is not uncommon, this year is seeing larger-than-usual fluctuations.

The year started with an average price of $15.75 per pound, then dropped sharply by 34.9% to $10.25 per pound by early February. Prices strengthened through Lent but dropped off...

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