Supply & Trade
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The U.S. Department of Agriculture announced it will be purchasing nearly USD 20 million (EUR 17 million) in catfish products as part of its Section 32 “Bonus Buys” authority.
The USDA announced its intention to use its authority for catfish purchases on 9 February, is intended to “Encourage the continued domestic consumption of these products by diverting them from the normal channels of trade and commerce,”… Read More
Russia’s wild-catch fisheries are in line to set another record in 2018, with estimates pointing to a total of more than five million metric tons (MT) of catch. Much of this year’s success can be attributed to the country’s salmon season, which has surpassed even the most optimistic of expectations.
Yet, in the first seven months of 2018, transportation of fish by rail fell by 7.1 percent compared to the corresponding… Read More
Another round of tariffs on Chinese goods approved by U.S. President Donald Trump on Monday may have inadvertently left the market open to Russian-sourced pollock processed in China.
The tariffs, initially proposed in July, will go into effect on 24 September and affect an additional 5,745 products from China. While initially tariffs on frozen cod and pollock were planned, lobbying efforts by industry leaders successfully kept those items… Read More
U.S. President Donald Trump has approved another round of tariffs on an additional USD 200 billion (EUR 170.7 billion) of Chinese goods, the Office of the U.S. Trade Representative (USTR) announced on Monday, 17 September.
The latest round of tariffs was initially proposed in July, but through a seven-week review period, the number of items to be included in the tariffs was reduced from 6,031 to 5,745. Spared from the final list of goods subject… Read More
The Food Safety and Inspection Service (FSIS) of the United States Department of Agriculture will declare the fish inspection systems for siluriformes in Vietnam, China, Thailand are equivalent to U.S. standards.
The equivalency determination, which is subject to a 30-day period of public comment and a final decision by the FSIS before it is finalized, will allow species including pangasius and basa from those countries to enter the U.S.… Read More
Expanded cold storage facilities are giving larger Chinese fishing firms the edge over smaller rivals during the longer Chinese fishing moratorium.
This year, China barred vessels from fishing its coastal waters from May through September, in response to increased attention toward conservation at home. The country’s authorities have also enforced the ban with a new vigor.
As a result, China’s fishing companies have intensified their… Read More
A Massachusetts university received a USD 600,000 (EUR 517,799.90) grant in early September from the U.S. Department of Commerce to aid in the development of a “blue economy” corridor along the state’s southeast coast.
The University of Massachusetts Dartmouth will use the funding from the Commerce Department’s Economic Development Administration to bring colleges, industry, and civic groups together to determine how they… Read More
James O’Donnell runs the Shanghai office of Bord Bia, the Irish food promotion board. He talked to SeafoodSource on the sidelines of the 2018 Seafood Expo Asia in Hong Kong about current market conditions in China, how his office targets marketing of Irish seafood to Chinese consumers – and also about the need for a tighter supply chain in China to deliver a larger share of currently strong prices back to the Irish seafood supplier.… Read More
Broadline distributor US Foods has named Trident Seafoods as its supplier of the year – the first time a seafood vendor has earned the distinction.
Seattle, Washington-based Trident earned the award because of its “commitment to sustainability, collaboration on new items and initiatives, and support from the field teams,” a US Foods spokesperson said in an email to SeafoodSource.
Trident also won the distributor’s Center… Read More
As the trade war between the United States and China continues, with indications that it may escalate even further, most U.S.-based lobster companies have seen their exports to China fall dramatically.
Despite the decrease, many companies say the market for lobster is still strong enough to keep the impact to their companies at a minimum. Some companies that never invested heavily into Chinese exports said2018 has been a… Read More