Supply & Trade
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A lot can change in a few months, fisheries economists are quick to say, but early indications point to very favorable conditions for wild Alaska salmon prices in 2019, especially for sockeye, the state’s top-dollar species.
Andy Wink, a fisheries economist who also heads the Bristol Bay Regional Seafood Development Association (BBRSDA), is happy with how the market is looking for the upcoming season.
“I think we’re… Read More
President Trump on Friday, 15 February signed an omnibus spending bill into law that guarantees funding for NOAA Fisheries and numerous other federal agencies through the end of the fiscal year.
Facing a midnight Friday deadline to avert a second government shutdown this year, the Senate, by an 83-16 vote, and House, by a 300-128 vote, both passed the plan on Thursday.
In addition to funding NOAA Fisheries through the end of September, the bill… Read More
The International Association for Women in the Seafood Industry (WSI) launched its latest video competition this week, which aims to build on the success of the previous two years.
“Men, women, groups and institutions are all welcome to submit a short film, no longer than 4 minutes, which portrays observations or experiences of woman involved in the seafood industry,” said WSI founder Marie Christine Monfort.
The brief is wide… Read More
Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam’s General Department of Fisheries.
The country also plans to achieve seafood output of 8.08 million tons (MT), up 4.2 percent year-on-year, including 4.38 million MT of farmed species – 5.6 percent higher than 2018 – and 3.7 million MT of wild-caught… Read More
A high-ranking House Democrat called on Wednesday, 13 February, for the Trump administration to withdraw the nomination of Barry Myers to lead NOAA after reports showed his former company paid USD 290,000 (EUR 256,832) in a settlement of sexual harassment claims that happened during his time as its chief executive officer.
Earlier this week, the Centre Daily Times reported the Department of Labor’s Office of Federal Contract Compliance… Read More
Spain has agreed to accede to the United Nation’s International Marine Organization’s Cape Town Agreement, making it the 11th party to do so and significantly boosting the number of vessels that the agreement needs to come into force.
The Cape Town Agreement, drafted in 2012, would regulate fishing vessel safety for the workers on vessels. In order to come into force, 22 countries representing a total of 3,600 fishing vessels… Read More
The Hometown Tax Donation Program, or furusato nozei in Japanese, is a tax incentive scheme to support smaller, cash-strapped municipalities in Japan. Launched in 2008, the system allows taxpayers to donate money to local governments in areas where they do not live and in turn receive residence tax cuts. Taxpayers can donate to a city or prefecture or to a cause that they want to support, such as social and environmental programs, or disaster… Read More
Underpinned by changing consumer trends, new product innovation and sophisticated farming systems, salmon has risen to become one of the world’s most popular seafood products. But in order to maintain and increase its growth going forward, the fish needs to be repositioned as a leading healthy and sustainable protein and rather than rely on the current “affordable luxury” perception, a new report from Rabobank… Read More
Federal lawmakers reached a tentative agreement Monday night, 11 February, on a budget deal that would secure funding for multiple agencies through the end of the fiscal year, including NOAA Fisheries.
Specifics about the agreement, reached by the chairs and ranking minority members of the House and Senate appropriations committees, have yet to be released. However, other lawmakers expressed their confidence in the deal.
“It completes all… Read More
In October 2018, Russian Prime Minister Dmitry Medvedev announced new governmental targets for the country’s agriculture sector, which included a goal of achieving USD 8 billion (EUR 7 billion) in revenue from annual seafood exports by 2024.
The goal is a doubling of Russia’s current annual export figure – in 2018, the country exported USD 4 billion (EUR 3.5 billion) worth of seafood. And it won’t come from catching twice… Read More