Fri. May 25 2018

New Study Projects Habitat Shifts for 686 Fish Species in the Warming 21st Century


Large Quantities of Sick Shrimp Flood Chinese Markets; Prices Drop in South, East China  


ANALYSIS: Shrimp Margin Contracts Due to Oversupply and Low Prices in U.S. Wholesale Market  


ANALYSIS: NL Live Lobster Prices 14% Lower Than Last Year  


U.S., Canada Begin Columbia River Treaty Negotiations  


Russian Fishery Company Plans New Fish Processor 'Russian Pollock' in the Far East  


SeafoodNews.com Summary Friday, May 25


Thu. May 24 2018

ANALYSIS: Tight Year for Snow Crab Supply; Exports Out Strip Imports in March 2018  


Qingdao Tariff Reduction on Russian King Crab Has Resulted in Higher Demand in China  


New Stock Assessment for Pacific Bluefin Tuna Still Dire


Treaty Politics Fuel Criticism at Sitka Salmon Meeting


New England Council Holds Hearings on Herring Rule Changes, Plenty of Input Offered


118 Organizations Call for More Stringent Tuna RFMO Rules


Nearly 200 NC Fishermen Travel to Raleigh for Second Annual Seafood Lobby Day


SeafoodNews.com Summary Thursday, May 24


Wed. May 23 2018

Thai Union Gets Good Marks from Greenpeace, Both Call for More Companies to 'Step Up'


ENGO Study: ESA-listed Marine Mammals, Sea Turtles Are Recovering


Alaska Sea Grant Helps Southern Catfish Processors Improve Efficiency


New Zealand's Sanford Limited Reports Strong First Half Result, International Markets a Highlight  


SeafoodNews.com Summary Wednesday, May 23


Tue. May 22 2018

Chicken Of The Sea International Resolves Antitrust Lawsuit With Walmart


Long John Silver’s Acquires 76 Franchised Restaurants


Seafood News Podcast: Tilapia Market Update; Sea Lion Warning; Alaska Salmon Season; and More


SeafoodNews.com Summary Tuesday, May 22


Mon. May 21 2018

ANALYSIS: Shrimp Replacement Cost From Indonesia Lower Than India    


Qingdao Plans Construction of 3 More Fisheries Economic Zones, Improving Local Access to  


SeafoodNews.com Summary Monday, May 21


Copper River Sockeye Harvest Below Forecast For Opener, But Kings Look Good


IFFO RS Paves Way for Certification Standard Improvements with MEL Report


Basa Industry Growth Forces Vietnam to Work Through Market, Environmental Challenges  


ANALYSIS: Shrimp Replacement Cost From Indonesia Lower Than India


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Farmed Salmon Prices Enter Summer Season Decline

Farmed salmon prices have been in decline since Memorial Day weekend with traders reporting quiet demand in the market with inventories well supplied. This is a typical time of the year to see farmed salmon prices come down. Salmon starts to compete with other, more grill friendly protein options at the retail level. Buyers also begin to source wild-caught salmon from Alaska as those supplies come become readily available. The seasonal decline is not as pronounced in 2017 as it’s been in past years and these prices are still at record levels.

Amazon announced a deal to buy Whole Foods Market for about $13.7 billion. The grocer will continue to operate stores under the Whole Foods Market brand, the companies said. John Mackey will continue as chief executive of Whole Foods, and the company's headquarters will remain in Austin, Texas. Amazon and Whole Foods expect to close the deal during the second half of 2017.

The first interpretive report issued from the Port Moeller Test fishery, released yesterday, suggests that the forecast 41 million sockeye run for the Bay is on track. It is too early at this stage to release stock composition or run size estimates, but early indications are that the current surge of fish is destined for Egegik, the river system with the highest volume forecast for this year. The report shows that the 2017 run timing is earlier than years when the run has been late, and is later than years when the run has been early. This suggests a run timing right around the long term average.

In other news the Alaska House passed a modified operating budget that tilts toward House priorities along with an expanded Permanent Fund dividend on Thursday evening. This budget now goes to the Senate for approval. If the Senate turns down the spending plan, lawmakers would have to open a second special session to pass an operating budget and avert a government shutdown July 1.

Finally, Indian seafood exports are expected to grow 20 percent this year from higher shrimp sales to the US market. "With exports to US setting new records and the markets' rising appetite, the industry is confident of a strong growth for the Indian shrimps. By our current estimates, it would be a surprise if Indian exports don't bring in growth in excess of 20 per cent y-o-y (year on year)," said Rahul Kulkarni, director, WestCoast Group, a leading seafood exporter from India.

Have a great weekend. 

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