The Atlantic States Marine Fisheries Commission (ASMFC) has rescinded a noncompliance finding for the U.S. State of Virginia’s menhaden fishery, potentially ending a conflict over the quota that has been going on for more than two years.Read More
In March, the closure of most U.S. restaurants just as the blue crab season in Virginia and Maryland was getting started had retailers, processors, and watermen afraid that the bottom would drop out of the market.
Initial reports in local media indicated that pricing was off, in some cases, as much as 30 percent, and the fear was that the fishery would be in dire straits.
The reality, however, has been completely different, as processors… Read More
The scallop market in the U.S. has largely mirrored the trends seen in virtually every other seafood category, according to information shared by Bristol Seafood.
The information came via an industry webinar the company hosted in order to provide an update on how scallops have been impacted by the COVID-19 pandemic. Bristol regularly releases a “factbook” covering what to expect in the coming year, but the pandemic had understandably… Read More
High Liner Foods' first quarter of 2020 got off to a positive start, but then the ongoing COVID-19 pandemic took a toll on the company's sales.
High Liner's Q1 earnings report, released by the company Tuesday, 12 May, indicates the firm's sales volume had increased at the start of Q1 2020 when compared to Q1 2019, prior to COVID-19 causing net unfavorable impacts on sales. Those gains were largely from new product sales and… Read More
Despite earlier predictions that the COVID-19 pandemic would severely impact the shrimp supply chain into summer, many Southeast Asian countries have managed to weather the virus …
Photo courtesy of bunnavit… Read More
Premium Brands Holdings Corporation has reported record revenue for the first quarter of 2019, but predicts that the impacts of the ongoing COVID-19 pandemic will have a “significantly negative” impact on its second quarter and its year overall.
The company posted a first-quarter 2020 revenue of USD 935 million (EUR 864 million), a USD 158.4 million (EUR 146.5 million) – or 20.4 percent – increase over the same period of… Read More
An executive order issued on 7 April by U.S. President Donald Trump containing a number of new mandates intended to enhance the competitiveness of the U.S. seafood has drawn widespread praise from the industry, and has been derided by some environmentalists and fishing groups.
The new executive order contains an array of recommendations for wild-caught fisheries, and an extensive set of new tasks for multiple government administrations intended… Read More
Despite the ongoing COVID-19 pandemic's widespread impact on the U.S. seafood industry, Reedville, Virginia-based Omega Protein is expecting to have relatively few impacts to the menhaden fishery.
Omega Protein, a division of Blacks Harbour, New Brunswick, Canada-based Cooke Inc., is by-far the largest fisher of menhaden in the U.S. – catching tens of thousands of tons of the species each year. Primarily used for reduction purposes, the… Read More
BioMar Group has posted a positive start to the year as the company’s new factories in China and Australia both come online and produce feed for the first time.
The company’s Q1 2020 results showed revenue of DKK 2.3 billion (USD 332 million, EUR 308 million), an increase over the DKK 2.1 billion (USD 303 million, EUR 281 million) earned in the same period in 2019. BioMar said those increases were driven by its salmon and shrimp… Read More
Fisheries along the Chesapeake Bay in Maryland and Virginia are, like many other fisheries in the country, facing an economic crisis as restaurant shutdowns cause decreases in demand.
The region’s two most iconic fisheries – blue crab and oysters – are both being hit by COVID-19-based restaurant closures that caused a rapid drop in demand. Restaurants account for 70 percent or more of the demand for the two species, with retail… Read More