The National Fisheries Institute's Global Seafood Marketing Conference 2022 will be underway in Orlando, Florida from 18 to 20 January, and SeafoodSource editors are there to bring you all the latest news on the scene. Check back on this page periodically for all your GSMC 2022 updates.
Haddock, a species that for decades has largely been popular in New England and the Middle Atlantic, is starting to proliferate down the U.S. East Coast, according to the latest data.
Broadline sales of haddock increased in nearly every U.S. market between 2016 and 2018. At the low end, sales in the “East North Central” area stayed relatively flat, while sales in the West South Central region of the U.S. (Texas, Oklahoma,… Read More
Trends indicate that Americans are spending more and more of their money on eating out, and an increasing proportion of the ever-larger restaurant spend is being done at fast-casual establishments.
Starting in 2010, Americans' total spending on food away-from-home started to pull away from spending on food prepared and eaten at home, to the point that Americans spent USD 100 billion (EUR 88 billion) more on eating out in 2017 than on food at… Read More
Catch totals for Chilean sea bass remained steady in 2018, allowing for prices to level off below the all-time highs of 2017, when an eight-ounce portion was selling for upwards of USD 21.00 (EUR 18.43).
Chilean sea bass, or Patagonian toothfish, is caught the lower latitudes of the Southern Hemisphere. Catches have been stable at around 30,000 metric tons (MT) annually since 2014, with 30,439 (MT) caught in 2017 and 29,761 MT landed in 2018,… Read More
The glut in the global supply of shrimp that persisted throughout 2018 will remain in 2019, as cold storage facilities in the United States continue to have supplies lasting months in storage.
A panel of experts at the Global Seafood Market Conference in Coronado, California on 17 January said cold storage facilities in the U.S. had, at times, 30 percent more shrimp in storage in 2018 than they did in 2017.
In addition, the panel predicted… Read More
Demand for salmon continues to be strong globally, but the dual markets of the United States and China have salmon sellers licking their lips at the massive opportunity they represent.
Salmon’s position as a healthy staple is driving interest in the species worldwide, but the low rates of per capita consumption in the U.S. and China show that there’s still plenty of room to grow the markets in both countries, a panel of salmon… Read More
Maine’s lobster harvest was up slightly in 2018, but didn’t match the total of the record-setting 2016 season.
Fishermen in Maine landed a little over 110.8 million pounds (50,258 metric tons – MT) of lobster in 2017, after landing an all-time high of nearly 131 million pounds in 2016. Anecdotal data shared at the 2019 Global Seafood Market Conference revealed that the 2018 catch total finished at around 119 million… Read More
A recurring theme at the 2019 Global Seafood Market Conference, taking place from 15 to 17 January in Coronado, California, U.S.A., has been China’s dominance in the skilled processing sector, and whether rising labor costs would push that processing elsewhere.
A burgeoning middle class in China has steadily driven up the labor costs for skilled processing, particularly in the large groundfish processing sector. The trade for… Read More
The Monterey Bay Aquarium Seafood Watch's released new precommendations for several species on Monday, 14 January, and an upgrade in the rating of two Sri Lankan crab fisheries are cause for celebration for the National Fisheries Institute’s Crab Council, local producer Taprobane Seafoods, and the fishery improvement projects that have worked to improve the sustainability of the regional crab fishing sector.
The blue swimming crab… Read More
Going out to eat for younger consumer groups is all about experience, adventure, and togetherness. That’s what panelists at the 2018 Global Seafood Market Conference, hosted by the National Fisheries Institute, discovered when parsing out the preferences fueling the latest small-plate craze dominating foodservice.
Sharing is caring, particularly for millennials, who yearn for social dining experiences that go beyond just eating alongside… Read More
In terms of both production and consumption, Asia is now dictating the terms of the global shrimp trade, a panel of industry experts said at the 2018 Global Seafood Marketing Conference in Miami, Florida.
On the production side, Indonesia and Vietnam have posted solid, steady growth, Thailand is recovering well after EMS devastated its production, and India is expected to grow its shrimp aquaculture output by 10 percent in 2018. Those four… Read More