The new Free Trade Agreement (FTA) between Korea and Canada will significantly increase Canada’s exports of lobster and other seafood to the country.
The Canada-Korea FTA, finalized by the two country’s governments in mid-March, is expected to boost Canada’s economy by USD 1.7 billion (EUR 1.2 billion) and increase Canadian exports to South Korea by 32 percent. The agreement mandated that all tariffs, which averaged USD 0.165 (EUR 0.119),… Read More
New government regulations could have a devastating impact on South Australia’s seafood exports, which bring USD 250 million (EUR 181.2 million) into the state very year, commercial fishing groups say.
The Labor Government established “no take” sanctuary zones in the 19 marine parks in South Australia waters that will cause “some of the most viable fishing grounds — particularly for Southern Rock Lobster fishers — to be lost,”… Read More
Discounters continue to surpass all other U.K. supermarkets in terms of sales growth and share of the market, according to data released recently by Kantar Worldpanel.
For example, Aldi’s sales jumped 33.5 percent for the 12 weeks ending 2 March GBP 1.1 million (USD 1.8 million, EUR 1.3 million), while frozen foods discounter Farm Foods sales spiked 41.8 percent to GBP 188,355 (USD 314,213/EUR 225,486). Discounter Lidl also realized a… Read More
While the U.K. government said last week it will provide funding to commercial fishermen impacted by this winter’s severe storms, fishing organizations are concerned about how much of the funds will get to those hardest hit.
From mid-December through February, high winds and flooding in many areas of the country have damaged vessels and kept boats out of the water, causing millions of GBP in losses.
At a meeting last week with U.K. Fisheries… Read More
Why is the U.S. aquaculture industry so vital to the country’s economy?
In the U.S., we import about 90 percent of the seafood we eat, and we have a trade deficit in imports of more than USD 11 billion. If you compare that to terrestial agriculture in the U.S., we have a trade surplus of more than USD 40 billion. That is unacceptable to me. We should be leading the industry in aquaculture, just as we do in every other segment of… Read More
Recognizing that the 5 March through 17 April Lenten season is the best time of year to sell seafood, a number of U.S. restaurant chains recently launched limited-time seafood offers.
“During Lent, we see 25 percent to 40 percent increases in our weekly unit volumes,” Charles St. Clair, chief marketing officer at Long John Silver’s (LJS), told SeafoodSource. Plus, the consumer awareness that LJS generates from its Lent promotions help… Read More
Dungeness crab landings are lower across the U.S. West Coast this season, driving prices higher.
“It is pretty dismal, compared to the banner year we just came off of,” Peter Calvass, marine biologist for the California Department of Fish and Wildlife told SeafoodSource. As of mid-February, fishermen landed 10.7 million pounds of Dungeness crab statewide, compared to 24.4 million pounds for the full season in 2013. The ex-vessel value… Read More