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May 20 - ANALYSIS: Mid-May Snow Crab Market Update


May 17 - ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions


May 15 - ANALYSIS: Canadian Spring Lobster Season Update


May 15 - The Retail Rundown: Memorial Day Promotions; Latest CPI Data


May 13 - ANALYSIS: Strong Demand and Sporadic Landings Lead to High Prices to Start the Spring King Season


May 9 - ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent


May 9 - ANALYSIS: The 2023-2024 C&SA Mahi Season Update


May 8 - ANALYSIS: U10 Scallops Rally Ahead of Mother's Day


May 8 - The Retail Rundown: Showdown for Consumer Dollars this Mother's Day


May 6 - ANALYSIS: Two Different Conclusions to This Year's Stone Crab Season


May 3 - ANALYSIS: Gulf Quota Reaches 72% Caught, Newfoundland Reaches 15% Caught for Snow Crab


May 2 - ANALYSIS: March U.S. Shrimp Imports Move Higher


May 2 - ANALYSIS: 2024 Buying Opportunites Inch Ahead of 2023 for Farmed Salmon


May 1 - ANALYSIS: Fresh Tilapia Prices Rise as Imports Fall


May 1 - The Retail Rundown: Maximizing May’s Buying Occasions


Apr 29 - ANALYSIS: Blue and Red Swimming Crab Meat Hit 52-week Lows on Special Grade


Apr 25 - ANALYSIS: Countervailing Duties Reduction Would Have Significant Impact on Payments


Apr 24 - The Retail Rundown: Abundance of Springtime Eating Occasions


Apr 24 - ANALYSIS: 2024 Alaska Pollock ‘A’ Season Wraps Ahead of Seafood Expo Global


Apr 23 - ANALYSIS: Is the Frozen Tuna Market Poised for A Rebound?


Apr 22 - ANALYSIS: Canadian Snow Crab Start of the Gulf Season Begins 32 Percent Higher Than Last Year


Apr 16 - ANALYSIS: Navigating Shifts in the 2024 Sockeye Season


Apr 16 - ANALYSIS: Live Lobster - Spring Preview


Apr 15 - ANALYSIS: Farmed Salmon at Retail Wanes


Apr 11 - ANALYSIS: 2024 Scallop Season Expectations


Apr 10 - The Retail Rundown: Competitive Prices Drive Traffic; CPI Update


Apr 5 - ANALYSIS: Shrimp Imports Surprise With Gains in February


Apr 3 - The Retail Rundown: The April Outlook


Mar 27 - The Retail Rundown: Easter Features Breakdown


Mar 25 - ANALYSIS: Mid-Small Blue and Red Crab Meat Under Pressure


Mar 25 - ANALYSIS: Fresh Tilapia Facing Supply Challenges


Mar 25 - ANALYSIS: 2024 Pacific Halibut Season Outlook


Mar 20 - The Retail Rundown: 2024 Annual Power of Meat Study Recap


Mar 19 - ANALYSIS: Chinook Fishery Yields High Landings in Southeast Alaska/Yakutat for 2024


Mar 18 - ANALYSIS: Snow Crab Insights for Mid-March 2024


Mar 13 - The Retail Rundown: Seeing Green


Mar 8 - ANALYSIS: 2024 Pollock A Season Landings and Price Reaction


Mar 8 - ANALYSIS: January Shrimp Imports Decline Rapidly with AD/CVD in Background


Mar 6 - The Retail Rundown: Hopping Towards the Holiday


Mar 5 - ANALYSIS: Record Wide Spreads Hit Lobster Tail Market


Mar 5 - ANALYSIS: Checking In With Crab Meat As Ramadan Approaches


Mar 5 - ANALYSIS: Surging Atlantic Halibut Imports With Sporadic Pricing to Start 2024


Mar 1 - ANALYSIS: Update to the 2023-2024 C&SA Mahi Season


Feb 28 - The Retail Rundown: Plenty to Munch on in March


Feb 28 - ANALYSIS: Ratio of Farmed to Wild U.S. Shrimp Imports from Mexico Remains Consistent


Feb 23 - ANALYSIS: Shrimp Exports Disrupted in Argentina Due to Nationwide Strike


Feb 22 - ANALYSIS: Frozen Salmon Fillet Volume Retreats in 2023


Feb 21 - The Retail Rundown: Finalizing February’s Features


Feb 14 - The Retail Rundown: Surf and Turf Promotions for Valentine's Day


Feb 13 - ANALYSIS: Navigating the Shifting Imported Crawfish Market Amidst Domestic Supply Changes


Feb 12 - ANALYSIS: Frozen Tilapia Fillets Report Lowest Import Year Since 2006


Feb 9 - Valentine’s Day 2024: Salmon An Attractive Option, But Lobster Shows You Really Care


Feb 9 - ANALYSIS: Lobster Market Prices are Advancing Quick and Sharp


Feb 8 - ANALYSIS: Shrimp Imports End the Year with Monthly Gain, But Still Lower on Year


Feb 7 - The Retail Rundown: Super Sunday Promotions


Feb 5 - ANALYSIS: Dungeness Clusters 23 Percent Higher Than Same Time Last Year


Jan 31 - The Retail Rundown: Touching Down on Super Bowl Spending


Jan 24 - The Retail Rundown: Packing on the Protein


Jan 8 - ANALYSIS: Farmed Salmon Market Off to a Firm Start in 2024


Jan 3 - The Retail Rundown: Consumer Sentiment Rises at Year's End


Dec 22 - ANALYSIS: Tilapia Market Rallies Ahead of the New Year


Dec 20 - ANALYSIS: Lobster Market Sees Supply Constraints, Rising Replacement, and Moderate Demand


Dec 20 - The Retail Rundown: Ham Features Increase for the Holidays


Dec 18 - ANALYSIS: Slowed Demand from Trade Partners Leads to Lower Priced Ecuadorian Shrimp


Dec 18 - ANALYSIS: Florida Stone Crab Season's Weather Challenges, Price Fluctuations, and Holiday Demand


Dec 13 - The Retail Rundown: Thanksgiving Turkey Retail Prices Reported Higher Despite Wholesale Drop


Dec 7 - ANALYSIS: October U.S. Shrimp Imports Reach High Single-Digit Growth Again


Dec 6 - The Retail Rundown: Season’s Gr-eatings


Nov 21 - ANALYSIS: Imports and Price Retreat on Squid Market


Nov 15 - The Retail Rundown: 2023 Thanksgiving Outlook


Nov 13 - ANALYSIS: Crab Meat Market Round-up


Nov 8 - The Retail Rundown: Tuning in to Holiday Turkey Features


Oct 30 - ANALYSIS: Ecuadorian Shrimp Exports Keep Progressing, But At What Price?


Oct 25 - The Retail Rundown: Roast Features Heat Up as Temperatures Dip


Oct 24 - ANALYSIS: A Recent Uptick of Argentina Red Shrimp Exports to the EU


Oct 23 - ANALYSIS: Robust Chum Landings out of Alaska in 2023 Result in Lower Prices


Oct 18 - ANALYSIS: The Live Lobster Market Following Historical Behaviors: A Maine Update


Oct 18 - The Retail Rundown: Keeping a Watchful Eye on Bird Flu


Oct 16 - ANALYSIS: Taking the Temperature of Farmed Salmon Halfway Through October


Oct 4 - The Retail Rundown: A-Maizing Protein Opportunities this October


Sep 27 - The Retail Rundown: Pork and Seafood Share the Spotlight Next Month


Sep 22 - ANALYSIS: Wild Salmon Week in Review September 10-16


Sep 20 - The Retail Rundown: Fall-ing into Seasonal Trends


Sep 13 - The Retail Rundown: Checking on Chicken; Latest Inflation Reading


Sep 13 - ANALYSIS: Frozen Mahi – The 2023-2024 Season Outlook


Sep 13 - ANALYSIS: Assessing Some Shifts in EU Shrimp Demand


Sep 11 - ANALYSIS: Fresh Salmon Fillet Imports Up Almost 11 Percent YTD


Sep 7 - ANALYSIS: U.S. Shrimp Imports Show First Gain in a Year


Sep 6 - The Retail Rundown: Seasonal Shifts in September


Sep 5 - ANALYSIS: Haddock Imports Down, Pricing Remains at 52-week Low


Sep 1 - ANALYSIS: EU Shrimp Imports from Argentina Down 21% YOY in July


Aug 30 - The Retail Rundown: 2023 Labor Day Feature Rundown


Aug 28 - ANALYSIS: A Few Things to Watch In The Crab Meat Market


Aug 25 - ANALYSIS: Wild Salmon Week in Review August 13-19


Aug 23 - The Retail Rundown: Looking Towards Labor Day


Aug 21 - ANALYSIS: Larger Snow Crab Volumes Light; Retail Remains Active


Aug 18 - ANALYSIS: Uncertainties Within The Scallop Market


Aug 16 - The Retail Rundown: Egg-celerated Features Boost Spending


Aug 11 - ANALYSIS: Tilapia Imports, Prices Retreat


Aug 10 - ANALYSIS: Fresh Salmon Imports Up Almost 10 Percent Year-To-Date


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ANALYSIS: The Snow Crab Market, Update Mid-May

The Gulf of St. Lawrence quota is over 92 percent caught, with only 4 million pounds left of the quota to catch. With the fishing season just about over, many would probably say it’s a positive given the start of North American right whales showing up in the fishing grounds for snow crab. The majority of the quota in the Gulf, which is down roughly 26 percent from a year prior, has been caught well ahead of any grid closures.

As of this writing, 34 percent of...

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ANALYSIS: Tilapia Market Troubles – Supply Shortages and Supply Chain Disruptions

The tilapia frozen fillet market from China is experiencing significant turbulence, driven by several key factors affecting both supply and demand. U.S. importers are currently facing low inventory levels as the industry expected that supply would improve by late May or early June. However, weather-related setbacks in April, as well as reports of premature harvesting have caused further delays.

The two major tilapia farming regions in China, Guangdong and Hainan, have faced unusual weather patterns, which have contributed to higher mortality rates and...

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The Retail Rundown: Memorial Day Promotions; Latest CPI Data

Spring is in the air… and the first inklings of summer are making a reappearance too. Memorial Day is less than two weeks out and grocers are enthusiastically preparing for the official start of the grilling season.

Cookout staples like charcoal, outdoor serving ware, grilling cuts, and all things barbeque are migrating toward the front page of circulars, bringing increased visibility to the meat case, deli counter, and prepared foods sections of the store. 

In the week leading up to Memorial Day weekend last year, 78-84% lean ground beef was...

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ANALYSIS: Chilean Salmon Fillet Imports Through First Quarter Down 5.9 Percent

The farmed salmon market saw imports of fresh fillets through the first quarter of the year fall behind 2023. Year-to-date levels are trailing 2023 by 4.2 percent. Out of Chile, the leader in the category with a 73 percent market share, imports of fresh fillets are down 5.9 percent YTD. Imports out of Norway, on the other hand, are up 11.4 percent through March 2024 as compared to 2023. The Netherlands, another European producing country that processes, are also...

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ANALYSIS: U10 Scallops Rally Ahead of Mother's Day

The Atlantic sea scallop sector has reported conflicting pressures dependent upon scallop size, affecting the market as the season closes out the second month of the 2024-2025 fishing year. Framework Adjustment 38 to the Atlantic sea scallop Fishery Management Plan has resulted in an estimated harvest of 27.4 million pounds of Atlantic sea scallops for the new season that began April 1, 2024, a 2.4 million pound increase from the previous year, marking the first quota increase since 2019.

As seasonally expected, prices began to...

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ANALYSIS: Two Different Conclusions to This Year's Stone Crab Season

The 2023-2024 stone crab season has concluded, showing varied results compared to the last two years depending on size. Medium and large sizes ended below the closing prices of both 2022 and 2023. The past few months saw prices on large averaging around $32.00, marking a 5.8% and 8.5% decrease compared to 2023 and 2022 respectively. However, prices remained slightly above the five-year average of $31.17 by 2.7%. Market observers attribute this to increased landings of...

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ANALYSIS: March U.S. Shrimp Imports Move Higher

In data released today, U.S. shrimp imports continued to move higher year-over-year behind a significant surge from the top two trade partners. Total March imports were 139.489 million pounds, compared to 129.469 million pounds in 2023. India (+24.6%), Ecuador (+24.6%), and Vietnam (+39.0%) all gained. These positive numbers shifted year-to-date figures to the upside for those three countries as well. Indonesia (-30.0%) and Thailand (-25.7%) shipped less rounding out the top five.  Mexico (-31.8%) and Argentina (-28.8%), while shipping less, were...

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ANALYSIS: Fresh Tilapia Prices Rise as Imports Fall

There was a notable decrease in the total import volume of fresh tilapia fillets in February 2024 compared to January 2024, with volumes dropping from just under 4.1 million pounds to 3.2 million pounds, a 21.9% decline. Year-over-year, the decline is even more pronounced at 28.1%, with February 2023 volumes at 4.4 million pounds. This indicates a significant contraction in import volumes over both a monthly and yearly basis.

The year-to-date numbers running January through February show a similar trend, with a decline of...

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ANALYSIS: Blue and Red Swimming Crab Meat Hit 52-week Lows on Special Grade

As discussed last month, the crab meat market in the U.S. continues to be a tale of two different groupings of sizing grades: larger grades under upward pricing pressure and smaller grades seeing downward pricing pressure. Because the overall size of crabs has been smaller for the past several months out of the Asian producing countries, we have continued to see a smaller percentage of colossal, jumbo lump, and super lump available to the marketplace. When crabs run smaller...

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The Retail Rundown: Abundance of Springtime Eating Occasions

There is an abundance of springtime eating occasions and grocers are gearing up for a triathlon of sorts with Cinco De Mayo, Mother’s Day, and Memorial Day fast approaching.

The produce section and the meat case are expected to benefit from Cinco de Mayo as those celebrating load up on beef, pork, and chicken for a variety of dishes like tacos, fajitas, burritos, and carnitas. These dishes are often accompanied by fixings like guacamole and salsa, boosting sales of avocadoes, mangoes, and more...

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ANALYSIS: Is the Frozen Tuna Market Poised for A Rebound?

As seasonal warm weather envelops the nation, a traditionally revitalized phase of food service and retail demand emerges. This seasonal shift entices consumers outdoors, whether they're firing up grills at home or embarking on vacation adventures. Many market participants are optimistic that this transition will breathe new life into the frozen tuna market, lifting it from its stagnant state.

Throughout 2023 and into the first half of 2024, the economy grappled with the impact of elevated interest rates and pervasive economic uncertainty, leading to...

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ANALYSIS: Navigating Shifts in the 2024 Sockeye Season

The 2024 sockeye season presents notable changes compared to recent years. In 2022, there were record landings in Bristol Bay, resulting in a robust frozen supply leading up to the 2023 season.

At this time last year, talk of frozen 2022 product in the millions of pounds, coupled with another strong forecast, created uncertainty heading into the fresh season. Prices on frozen sockeye fillets, for example, saw a steep decline as many sellers reduced prices to stimulate sales and maintain product flow in an effort to...

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ANALYSIS: Farmed Salmon at Retail Wanes

The market conditions in the farmed salmon complex post-Easter appears to be highly dependent on country of origin.

On the Chilean side, with Easter behind us, retail demand has dwindled. Retail buying opportunities or promotions were down significantly the week after Holy Week. The amount of buying opportunities recorded was the lowest number of promotions the market has seen in two years outside of the week of Thanksgiving in the United States. When retail demand wanes, the fresh spot market feels it, almost instantaneously. Fresh Chilean fillets moved lower both Tuesday and...

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The Retail Rundown: Competitive Prices Drive Traffic; CPI Update

The coming weeks and months present favorable weather conditions for grilling and travel, considered supportive of protein sales from both a retail and foodservice standpoint. And with a few notable items displaying comparatively attractive prices, the retail sector is well positioned to capitalize on pent-up grilling demand.

Below, we’ll explore a few notable items featured near or below year-ago levels last week, when some households celebrated Easter.

First up is beef ribeye, which averaged $10.79 discounted, down $2.24, or 17.2% from a year ago. Beef...

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The Retail Rundown: The April Outlook

The first inklings of planting season have made an appearance and with it comes the prospect of prolonged warmer weather. April typically launches a period of improved foodservice and retail demand as the shift in seasons encourages consumers to venture outdoors and fire up the grill. Moreover, spring break is underway, giving a boost to foodservice interest.

With spring in full swing, feature volume will begin to shift from roasts, popular with cooler weather cooking, to grilling cuts. Currently, the pork category overtakes seafood for a second consecutive week with the most feature volume...

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ANALYSIS: Mid-Small Blue and Red Crab Meat Under Pressure

Like we discussed earlier this month, the crab meat market in the U.S. has been a tale of two different groupings of size grades: larger grades under upward pricing pressure and smaller grades seeing downward pricing pressure. Because the overall size of crabs has been smaller for the past several months out of the Asian producing countries, we have continued to see a smaller percentage of colossal, jumbo lump, and super lump available to the marketplace. When crabs run smaller...

Full Story »

ANALYSIS: Canadian Spring Lobster Season Update

Supply

We're currently in the fourth week of Canada's spring fishing season, and by all accounts, fishing activities have been quite successful. Unlike the fall and winter season, weather conditions have been near perfect as robust landings have been reported across all open LFAs (Lobster Fishing Areas). With the start of the Cape Breton season on the horizon (LFA 27,28,29,30) (Wednesday set), we are entering peak availability for raw material. 

Prior to the start of the spring fishing season, net inventories for both the live and frozen markets were at...

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ANALYSIS: Strong Demand and Sporadic Landings Lead to High Prices to Start the Spring King Season

Spring troll season for king (Chinook) salmon is in full swing, with landings reported from various regions. However, the market is facing challenges in maintaining steady pricing and supply. Product is coming in from Neah Bay, the Columbia River, as well as the Coast of Oregon. Additionally Southeast Alaska and Yakutat recently commenced with landings for weeks 18 and 19 hovering around 400 fish each, according to Alaska Department of Fish and Game, as of...

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ANALYSIS: The 2023-2024 C&SA Mahi Season Update

 

The 2023-2024 mahi fishing season in C&SA stands out from prior years for several reasons. Foremost among them was the significant speculation surrounding the potential occurrence of an El Niño event, which could impact water temperatures, fishing yields, and even signal a shortage in inventory. However, what truly marked this season was the absence of U.S. buyers eagerly awaiting to bid on products just landed. Typically, when boats return to port there is quite a bit of bidding from processing plants...

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The Retail Rundown: Showdown for Consumer Dollars this Mother's Day

Grocers and foodservice are preparing for a showdown with Mother's Day just a few days away. 

The upcoming holiday typically favors foodservice sales over retail as consumers celebrate their loved ones by visiting a dining establishment. According to the National Restaurant Association, 34% of consumers will dine out this Sunday, particularly during lunch and dinner. An additional 12% will order takeout or delivery.

However, retailers have a few tricks up their sleeves to get shoppers through the door by promoting deals on flowers, cards, gifts, and more. Grocers...

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ANALYSIS: Gulf Quota Reaches 72% Caught, Newfoundland Reaches 15% Caught for Snow Crab

Area 12 in the Gulf of St. Lawrence has passed 70% of their quota caught. According to landings data from the Department of Fisheries and Oceans, 72.86% of the quota has been caught as of May 2. The initial quota for Area 12 — including traditional fleet (01), First Nations (02) and New Access (03) — was set at 22,236.416 t and revised to 21,756.074 t. The season opened April 1 and reporting as of May 2 shows that 17,049.903 t has been landed with...

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ANALYSIS: 2024 Buying Opportunites Inch Ahead of 2023 for Farmed Salmon

The farmed salmon market at retail has seen the average retail pricing starting to tick above the 3-year average. The last two weeks at retail, the average retail price was 5.6 and 8.4 percent higher than the 3-year average respectively. In addition, the number of buying opportunities or retail features has also increased; levels in the last three weeks have been above the 3-year average.

This is in contrast to one of the lowest buying opportunity weeks about...

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The Retail Rundown: Maximizing May’s Buying Occasions

The grocery sector is maximizing several buying occasions this month as the change in weather and outdoor grilling season breathes new life into the meat case.

May brings about a seasonal shift as daily life bustles with spring activities like sports and outings—boosting the supermarket's convenience and snack food sections. Busy families will also frequent the deli counter more often and turn to quick dinners and frozen options for weekday meals.

Retailers are currently highlighting holiday items for Cinco de Mayo this Sunday. The upcoming holiday, which commemorates the anniversary of Mexico’s...

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ANALYSIS: Countervailing Duties Reduction Would Have Significant Impact on Payments

As reported by SeafoodNews Managing Editor, Amanda Buckle, Jose Antonio Camposano, Executive President of Industry Association Camara Nacional de Acuacultura confirmed the yet unpublished report that Santa Priscila’s subsidy rate has been lowered.

To put this in perspective, here is a preliminary analysis of money that would be posted based upon data from 2023 imports. The red lines in the graph are estimated payments against last year’s total imports by company based upon the average price paid. The total paid would...

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ANALYSIS: 2024 Alaska Pollock ‘A’ Season Wraps Ahead of Seafood Expo Global

As the "A" Season for Alaska Pollock wraps up, this year's harvest data from the Bering Sea and Aleutian Islands region reveals nuanced dynamics in the fisheries sector.

According to the National Marine Fisheries Service (NMFS) data, the Total Allowable Catch (TAC) for Bering Sea pollock in 2024 remained consistent with the previous year at 1,300,000 metric tons. Despite the static TAC, landings during the "A" season of 2024, currently available through the first week of April, totaled 533,633 metric tons, showing a modest decline from...

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ANALYSIS: Canadian Snow Crab Start of the Gulf Season Begins 32 Percent Higher Than Last Year

From a market reporting perspective, the 2024 Canadian snow crab season is starting right on time with previous years for Gulf of St. Lawrence product. Mid-April is typically when the U.S. market starts to see snow crab come down into the market with enough volume for Urner Barry to begin establishing quotations. This has been the seasonal norm for the previous five years in the Gulf. Prior to that time, Urner Barry saw enough product to establish quotations closer to the...

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ANALYSIS: Live Lobster - Spring Preview

As the Canadian spring season approaches, many eagerly anticipate its arrival. The scarcity of supplies experienced during the fall and winter has been notable and, for some, challenging. While the cause of this shortage may be subject to debate, it is noteworthy that interrupted fishing due to windy weather conditions has been observed in both Maine and Canada. According to Mintec Analytics, in December, average daily wind gusts in Canada surpassed historical expectations by 25%, while in Maine during January, they exceeded historical averages by...

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ANALYSIS: 2024 Scallop Season Expectations

The 2024/2025 Atlantic sea scallop fishery season began on April 1, 2024. This fishery extends from the Mid-Atlantic region to the U.S.-Canadian border. The New England Fishery Management Council approved Framework Adjustment 38 in December, forecasting a catch of 27.4 million pounds of Atlantic sea scallops for the season. On March 22, 2024, NOAA issued the final rule in the Federal Register, effective from the season's start. Per NOAA Fisheries, for the initial 60 days of the fishing year, vessels with limited access can utilize their remaining 2023 scallop allocation from the...

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ANALYSIS: Shrimp Imports Surprise With Gains in February

In data released Thursday, and maybe somewhat of a surprise given the recent cautiousness surrounding shrimp imports with CVD/AD hanging over the industry (preliminary countervailing duties since released), U.S. shrimp imports in February were 12.5 percent higher. Imports for the month totaled 131.198 million pounds, nearly on par with last month, but above 116.596 million pounds in 2023.

There were gains from four of the top five trade partners. India (+21.5%), Ecuador (+9.9%), Vietnam (+50.3%), and...

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The Retail Rundown: Easter Features Breakdown 

A March Easter is approaching—an occurrence not seen since 2016. Circulars are flush with holiday and springtime themes as grocers take full advantage of the upcoming weekend. 

Pork feature volume rose through the ranks and earned the top spot of protein feature volume this week with 29% of ad space. Seafood eased to 25%, down from 32% last week. Lent ends tomorrow at sundown, meaning observers can soon indulge in meat on Fridays again. 

Beef has 20% of retail activity while chicken features comprise 11% of protein ad volume. Turkey features more...

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