GSMC

U.S. demand for scallops has slowed, but excess Japanese supply being rejected from China has still managed to find a new home filling in the gap of lower U.S. catch rates.

There have been three consecutive years of reductions in U.S. North Atlantic sea scallop landings, and although the quota is expected to rise by 1 million pounds to 26 million pounds in 2024, reduced supply has opened up a window for Japanese scallops to take over market

Climate change is undeniably having an impact on where certain seafood species are located, and its exact effects are still being researched. 

Research being done in how stocks are shifting varies. Some NOAA studies have predicted high-value groundfish species will migrate toward deeper offshore waters on the west coast of the U.S., while others are pointing out the risks it poses to global blue food production. Despite those risks, a panel

Stable supply and a hungrier Asian market provided the basis for a solid year for the North American lobster industry.

North American lobster landings are expected to be down 5 percent in 2023 once totals are released, but the resource is in excellent shape and continues to be reliable, according to a panel of shellfish experts speaking at the 2024 Global Seafood Market Conference in Orlando, Florida, U.S.A. on 23 January.

“We've been

As aquaculture operations raising novel species in unique ways begin to establish themselves in the market, one of the most important resources to have is patience, a panel of experts said.

During the Global Seafood Market Conference – running from 23 to 25 January in Orlando, Florida, U.S.A. – a group of emerging aquaculture industry executives gave an overview of the trials and tribulations of debuting either a new species, a new

Snow crab selling for as little as USD 5.99 (EUR 5.48) per pound helped clear a glut in inventory and served as a loss leader for U.S. supermarkets in 2023, according to Direct Source Seafood CEO Roman Tkachenko.

Snow crab prices sunk to historic lows in 2023, even though the snow crab fishery in the U.S. state of Alaska was closed and it became more difficult to bring Russian product into the U.S. due to sanctions stemming from the invasion of

A controversial escrow rule put in effect by the government of Indonesia in August 2023 has taken a bite out of the country’s pasteurized crabmeat exports.

The regulation requires exporters sending cargo with a value of USD 250,000 (EUR 232,000) or more to deposit at least 30 percent of their earnings in a special bank account controlled by the Indonesian government for a minimum of three months. The government’s justification for

Homer, Alaska, U.S.A-based Wild Alaskan Company has continued to build on the flood of business it received during the Covid-19 pandemic, as its customers have continued to embrace the direct-to-consumer seafood model. 

Wild Alaskan Company was created by Arron Kallenberg in 2017, bringing together his family’s long history in the seafood industry with his love of computers and programming. Like many other direct-to-consumer business

U.S. fresh and frozen seafood sales should stabilize this year after an extremely challenging 2023, retail analysts predicted at the opening plenary session of the 2024 National Fisheries Institute-hosted Global Seafood Market Conference in Orlando, Florida, U.S.A. on 23 January.

In 2023, overall fresh and frozen seafood sales declined due to several overarching factors, including consumers’ reduced spending power due to inflation,

Supply chain challenges in both the Panama Canal and the Suez Canal are having an impact on global trade, but the impact on cargo rates and the seafood industry is still less than it was during the heights of the Covid-19 pandemic.

A panel of experts, speaking during the Global Seafood Market Conference in Orlando, Florida, U.S.A., said the ongoing struggles for both pivotal trade routes have had a lower impact on the container industry than