Fri. May 17 2024

LISTEN: TAGeX CEO Neal Sherman Talks Media Attention Surrounding Red Lobster Liquidation And More


Silver Bay Seafoods, Channel Fish and More Win Latest USDA Seafood Purchase Requests  


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


North Atlantic Right Whale Calf Presumed Dead; Fourth Calf of 2024 Calving Season To Be Missing


Conveyor Belt Sushi Market Increased by 8% in 2023, 5.5% Increase Projected For 2024


Japan: March Surimi Products Output Fell 5.2% to 36,547 Tons, Household Spending up 2.9%  


Prince William Sound Citizens’ Council Remains Committed to its Mission


Seafoodnews.com Summary Friday, May 17


Thu. May 16 2024

VIDEO: Red Lobster Closures; Gulf of St. Lawrence Grid Closures; New Atlantic Sapphire CEO  


NL Snow Crab Drama Continues With Talks Of Plant Worker Strikes  


Cooke Accused of Violating American Fisheries Act and Jones Act


Pioneering Hi-Tech Crabber “North American” Sinks Near Seattle’s Ballard Bridge


Russia Confirms Plans to Increase Volume of Krill Catch This Year  


PANOS Brands Acquires Smoked Salmon Producer The Santa Barbara Smokehouse  


Seafoodnews.com Summary Thursday, May 16


Wed. May 15 2024

A Timeline Of Red Lobster Leading Up To May 2024 Liquidation Of Select Restaurants


ANALYSIS: Canadian Spring Lobster Season Update  


17 Industry Groups Ask Congress to Fund North Pacific Fisheries Surveys at No Less Than $15M


More Than a Dozen Additional Temporary Grid Closures Announced for Gulf of St. Lawrence  


The Retail Rundown: Memorial Day Promotions; Latest CPI Data


Hokkaido Spring Herring Landings Record 6540 Tons for the First Time Since 1996  


Seafoodnews.com Summary Wednesday, May 15


Tue. May 14 2024

Red Lobster Abruptly Closes 48 Restaurants, As Revealed By Equipment Liquidation Company


First Temporary Grid Closures Announced in Gulf of St. Lawrence Following Sighting of Entangled NARW  


Legislative Task Force Created to Evaluate Alaska's Seafood Industry


Atlantic Sapphire Appoints Former Cermaq Chile Managing Director as New CEO  


Japan’s Consumer Food Price Index: Seafood Prices Soar By 25.7% in 2023


Trader Joe’s Introduces 3 New Seafood Products, Including RTE Salmon Item  


Seafoodnews.com Summary Tuesday, May 14


Mon. May 13 2024

The Winding Glass: What the Decline of Red Lobster Means for the U.S. Seafood Industry  


PODCAST: USDA's Open Purchase Request for Alaska Pollock; Red Lobster's Fate and More


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


Oregon Department of Fish and Wildlife Gets New Director After Curt Melcher's Retirement


USDA Grants Emergency Assistance To Louisiana’s Crawfish Aquaculture Industry  


NOAA Fisheries Selects 14 Sea Scallop Applications Through 2024 RSA Program  


Russia Plans to Increase its Pollock and Crab Supplies to South Korea in Years to Come  


Nordic Aqua Partners Reaches Total Harvest Volume of 92 Tonnes At China Farm  


Seafoodnews.com Summary Monday, May 13


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Lobster Is Weapon of Choice as Aldi, Lidi and Now Tesco Battle for Market Share 

A battle among UK retailers for lobster customers is in full swing this holiday season now that Tesco has launched its own promotional campaign. The supermarket will be selling whole frozen MSC-certified Canadian-caught lobsters for 6 British Pounds. The promotion goes toe-to-toe with rival grocers Aldi and Lidl. In October Lidl set its holiday feature at $4.99 British pounds for North American lobster. Aldi, meanwhile is currently selling rock lobster tails and plans to offer whole lobsters for 9.99 British Pounds four days before Christmas. Tesco's lobsters will be offered at a larger sized compared to the competition. "Customers are clearly developing a taste for luxury food and this year we are helping to make it even more affordable for them," said Tesco's frozen fish buyer Gary Mannion.

In other news John Sackton writes how the FDA threw the Canadian farmed salmon industry under the bus in its decision yesterday to not require genetically modified salmon require a label. The labeling decision was made at the same time the FDA approved the sale of AquaBounty's genetically modified AquAdvantage Atlantic salmon in the US market. The FDA's approval was site specific for Aquabounty's operations in Canada and Panama and essentially forces Canada's traditional salmon growers to distinguish their products from Aquabounty's. "This is a requirement to shoot themselves in the head," writes Sackton. "Consumers do not read labels that carefully and would likely react to the label 'Not genetically engineered' by wondering what is wrong with the product that it has to be labeled that way."

Meanwhile, Vietnamese pangasius exporters have seen their returns from sales to China rise 50 percent this year. Strong demand for Vietnamese pangasius in China now has the country on track to be the third largest market for the product behind the US and EU.

The European Seafood Producers Organization, Europeche, has slammed WWF for deliberately lying about the state of fish stocks in Europe in an open letter released this week. Europeche's letter explains how Pew's statements directly contradict the scientific consensus in Europe, expressed at the Status of the Stocks meetings in Brussels this past summer.

Finally, an atypical surge in mahi imports to the US market in the first quarter of the year has helped keep the wholesale market steady ahead of new season production. The first quarter uptick elevated US mahi shipments to record levels for the 2014-2015 fishing season.

Have a great weekend.

 

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