Editorial commentaries on the domestic and global seafood industry.
Flavors and functionality may be key to pushing sales of processed seafood in Asia, a region more associated with consumption of fresh product.
Sales of seafood products are inching up across the huge Asia-Pacific region, thanks to an appeal to ageing societies in key markets like Japan, and due to a new emphasis on innovative flavors and packaging, according to research by market research consultancy Euromonitor.
Overall growth in… Read More
A group of U.S. non-governmental organizations have begun a nationwide campaign urging the nation’s three largest foodservice management companies to buy more local and community-based products, including seafood.
The Community Coalition for Real Meals, which includes the Northwest Atlantic Marine Alliance (NAMA), Friends of the Earth, and Real Food Challenge, say that Aramark, Compass Group, and Sodexo need to reorient their business… Read More
Philippines-based Fisherfarms’s CEO Imelda J. Madarang said value added products will be key to the company’s success in markets both domestic and abroad.
A Seafood Excellence Award 2018 finalist, Fisherfarm’s line of milkfish products have also garnered multiple awards for taste. The company’s line of sausages, which use milkfish instead of chicken or pork, represent the company's spin on creating healthy,… Read More
Japan may be the big winner in a sea cucumber market that has literally gotten too hot.
A heat wave from late July to early August in China’s Liaoning Province killed most of the sea cucumbers being raised in shallow ponds there. Liaoning is the main production area in China for farmed sea cucumber, and as a result of the die-off, China may have to make up the deficit with increased imports.
Japan is the most likely beneficiary of… Read More
Taiwan’s large distant-water fishing fleet is a major supplier of tuna to global markets, but it has been accused of misconduct on the high seas, including engaging in illegal, unreported and unregulated (IUU) fishing.
In 2015, Taiwan was issued a “yellow card” warning by the European Commission, and in 2016, it was threatened with a red card, which would have resulted in a ban on imports to the European Union of fish… Read More
Investors were nonplussed when leading Chinese aquaculture and seafood importing firm Zoneco recently reported a 52.4 percent fall in net profits for the first half of 2018, down to CNY 14.6 million (USD 2.1 million, EUR 1.8 million) on revenues of CNY 1.40 billion (USD 204 million, EUR 176 million).
Once the darling of investors, Zoneco, which goes by its Chinese name Zhangzidao, said the results show improvement in its financial position… Read More
Vietnam’s pangasius industry is continuing to perform well this year, driven by rising demand from key markets – most prominently, China.
And its potential is even greater given the opportunities it sees as China and the United States continue to face off in an escalating trade war.
Pangasius is Vietnam’s second-biggest seafood export in terms of value, following shrimp. But the country’s dominance in production of… Read More
Blue Circle Foods is expanding its selection of fresh and frozen seafood in both the United States and European markets, including a new value-added product to be launched later this year or in early 2019.
The Washington, D.C., U.S.A.-based supplier, the largest fresh and frozen farmed salmon supplier to Whole Foods Market stores, also supplies Harris Teeter, Price Chopper, Andronicos, Earthfare, and other retailers with its salmon and other… Read More
Companies that send U.S.-caught seafood to China for processing and then reimport it are facing 10 to 25 percent tariffs as the result of a trade war initiated by U.S. President Donald Trump.
The goods in the latest round of tariffs announced in July by the office of the U.S. Trade Representative, on its “USTR List 3,” include a wide range of seafood items. They are scheduled to be enacted in September.
Ian W. Moores, general counsel… Read More
Russia is experiencing a boom in aquaculture and is seeking to increase its farmed seafood almost threefold, to 700,000 metric tons (MT) through 2030. Investment activity in the sector during the last three years suggests the projected figure can be exceeded provided some cornerstone problems be solved and international experience be used.
This is the second article in a two-part series exploring Russia's aquaculture industry. Part one,… Read More