Supply & Trade

SeafoodSource.com is your number one source for global news pertaining to the supply and trade of seafood.

Published on
May 6, 2019

U.S. President Donald Trump on Sunday, 5 May, escalated the trade war between the United States and China when he announced his intention to raise a 10 percent tariff on USD 200 billion (EUR 178.6 billion) of goods to 25 percent on Friday 10 May.

That hike will affect numerous types of seafood products already under the 10 percent tariff. 

“The Tariffs paid to the USA have had little impact on product cost, mostly borne

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By

Chris Chase

Published on
May 6, 2019

The Mid-Atlantic Fishery Management Council is considering an action that would require all vessel trip reporting done by fishermen in the region be electronic. 

The move, which is under an omnibus framework action, would require commercial fishing vessels to fill out all of their vessel trip reports electronically, eliminating the ability to fill out paper forms. Electronic vessel trip reporting (eVTR) has been an established way to submit

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By

Madelyn Kearns

Published on
May 6, 2019

Thousands of seafood industry professionals from around the world are arriving in Brussels, Belgium this week to attend the 27th edition of Seafood Expo Global/Seafood Processing Global – the largest iteration of the event since its inception, according to organizer Diversified Communications.  

Taking place from 7 to 9 May at the Brussels Expo, the 2019 exposition will feature a record 2,007 companies – an increase of 61

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By

Madelyn Kearns

Published on
May 3, 2019

York, Maine-based seafood supplier Maine Coast is bound for Brussels, Belgium and Seafood Expo Global 2019, the company announced on 2 May. 

The international lobster dealer has attended the expo, which will run from 7 to 9 May this year, “since the beginning,” CEO Tom Adams said in a press statement. 

“If you want to be successful in the seafood business you must go where you can find new markets. A pro-active

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By

Jason Holland

Published on
May 3, 2019

The considerable growth in both fisheries and aquaculture production, matched by a rising public awareness of the important role that fish as a food group plays in healthy and diversified diets has driven seafood consumption upwards over the past five decades. Other factors contributing to the steady rise in people eating seafood include reduced wastage, better utilization, improved distribution channels and growing demand.

According to the Food

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By

Christine Blank

Published on
May 3, 2019

AquaBounty will close its Panama farm since the United States government lifted the Import Alert on its genetically-engineered salmon.

“With the recent action by the FDA [United States Food and Drug Administration] to lift the Import Alert on AquAdvantage Salmon, the company can now stock and grow the fish at its Indiana farm site,” AquaBounty said in a press release announcing its first quarter earnings. “Consequently,

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By

Madelyn Kearns

Published on
May 2, 2019

A collective of 23 Peruvian businesses will be exhibiting at this year’s upcoming Seafood Expo Global event, taking place from 7 to 9 May in Brussels, Belgium. 

The group will showcase a variety of products under the Superfoods Peru brand name at the expo, including giant squid, scallops, shrimps, tuna, mahi mahi, canned fish, anchovy, hake, mackerel, anchovies, and octopus. Peruvian canned fish, anchovies, hake, mackerel, and octopus

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By

Jason Holland

Published on
May 2, 2019

The rising global demand for seafood and a projected slowdown in the growth of fisheries and aquaculture production, particularly by China – the world’s leading provider of these products – will lead to a decade of higher prices, anticipates the Food and Agriculture Organization of the United Nations (FAO).

In 2016, total fish production reached an all-time high of 171 million metric tons (MT), with wild-capture fisheries and

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By

Chris Chase

Published on
May 2, 2019

Over 30 years ago, in 1986, the U.S. Fish and Seafood Promotion Act was enacted to do exactly what its title implies: Promote the consumption of the country's domestically harvested seafood by establishing Seafood Marketing Councils. 

Soon after U.S. Congress enacted it, a National Seafood Council was established in 1987. The council ran for five years, before desolving at the end of its funding cycle. While a few marketing efforts it

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Published on
May 2, 2019

A group of 25 U.S. Senators signed a letter last week to the leaders of the Senate Appropriations Committee urging them to save a federal program they claim has helped the domestic seafood trade and coastal communities.

The letter comes about a month after the Trump Administration released its proposed budget for the 2020 fiscal year. In that spending plan, the administration called for the elimination of the National Sea Grant program from the

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