GSMC

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

Teaneck, New Jersey, U.S.A.-based Eastern Fish Company has been forced to make adjustments following Marubeni’s sale of North Pacific Seafoods in 2021, according to Eric Bloom, the company’s president and COO.

Marubeni, a Tokyo, Japan-based conglomerate, which reported USD 68 billion (EUR 62.4 billion) in sales and USD 4 billion (EUR 3.7 billion) in profit in 2022, acquired Eastern Fish in 2014 with the goal of strengthening its

Emerging opportunities in Southeast Asia could be missed by businesses in the U.S. if the country continues to avoid multilateral trade agreements, according to a panel of experts at the National Fisheries Institute Global Seafood Market Conference …

Photo courtesy of Kirill

Mexican, Latino, and Hispanic restaurants became the dominant seller of shrimp among foodservice operators in 2021, according to data shared at the National Fisheries Institute’s 2022 Global Seafood Market Conference …

Photo courtesy of Brent

Higher lobster prices are pushing American consumers toward value-added products like tails or picked meat instead of live animals, according to Andrew Daughan, the director of sales and business development for Saco, Maine, U.S.A.-based Ready Seafood ... 

Photo courtesy of Tara

As China’s economy continues to evolve and its trade relationship with the U.S. remains strained, it is likely other countries in Southeast Asia will take a larger role in processing seafood, according to a panel of experts at the National Fisheries Institute’s Global Seafood Market Conference.

Trade relations between the U.S. and China became suddenly more volatile when the administration of U.S. President Donald Trump implemented