Supply & Trade
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The price of Vietnamese tra catfish has been declining over the past couple of months, with estimated total loss of over $18,500. Earlier this month, one kilogram of tra sold for an average of 89.7 cents. It has since bottomed out at 85.4 cents, before settling at 86.6 cents this week.
Nguyen Thien Phap, a tra farmer from Phu Tan in An Giang province, said he sold 100 tons of tra to local processor Cadonimex for 86 cents a kilo, losing… Read More
The Western Fishboat Owners Association (WFOA) will launch a Web site this weekend dedicated to U.S.-caught Pacific albacore tuna.
The site, www.pacificalbacore.com, will feature recipes, nutritional information, a history of the Northwest albacore fishery and details of where to purchase fresh and canned albacore products.
"Sustainable seafood is a hot topic right now. People are visiting their local markets, looking for sustainably caught… Read More
The United States has appealed a Feb. 29 World Trade Organization ruling that its practice of collecting cash deposits in the form of bonds from Indian and Thai shrimp exporters subject to antidumping tariffs violates international trade law.
U.S. Customs and Border Protection enacted the practice in 2004 to curb tariff evasion. India and Thailand are two of the six Asian and Latin American countries the U.S. Department of Commerce slapped with… Read More
Due largely to the outbreak of the infectious salmon anemia (ISA) virus in Chile, Marine Harvest ASA, the world's largest salmon producer, today reported an operating loss of 65 million kroner ($12.8 million) in the first quarter of this year, compared to a profit of 552 million kroner ($108.7 million) during the same period last year.
Revenues totaled 3,080 million kroner ($606.5 million), down from 3,795 million kroner ($747.3 million).… Read More
Cyclone Nargis had a devastating impact on Myanmar's fishing industry earlier this month, sinking fishing vessels and damaging docks and storage facilities.
The storm killed more than 22,000 of the coastal population; some 41,000 are still missing and 1.5 million people are displaced.
During the cyclone, five areas of Myanmar were hit, including the capital Yangon, Ayeyarwady and Bago as well as the Mon and Kayin states. These five areas… Read More
A final version of the Farm Bill, expected to pass through the Senate and House later this week, will include $170 million in aid for families and businesses in the Pacific Northwest affected by closures to the region's commercial salmon fisheries.
"This funding is desperately needed by the communities and families who rely on salmon fishing, many of whom face losing their businesses and homes due to two years of no fishing," says North Coast… Read More
Thai Union Frozen Products, one of the world's largest seafood companies, has revised its projected 2008 sales from a 12 percent increase to 20 percent, The Nation of Bangkok reported yesterday.
In the first quarter of this year, Thai Union's sales increased 32 percent to $478.3 million, up from $361.6 million in the same period last year. In terms of the baht, sales jumped 20 percent from 12.8 billion to 15.4 billion.
"During the first… Read More
The Jamaican Ministry of Labor and Social Security has sent 19 female workers to the Canadian seafood industry as part of a new government initiative to include more women in the Canadian labor market.
The women, ages 21 to 39, will be packaging seafood for domestic and export purposes at Cape Bald Packers in New Brunswick.
According to Pearnel Charles, labor and social security minister, the women have been advised that they are breaking… Read More
U.S. shrimp imports slipped 1.9 percent in the first three months of this year, to 272.9 million pounds, the National Marine Fisheries Service reported late last week. That's the first first-quarter drop since 2005, when shrimp imports tumbled 24.7 percent, to 247.8 million pounds, in the wake of shrimp tariffs being enacted.
Shrimp imports from Thailand, by far the United States' No. 1 shrimp supplier, fell 11.9 percent in the first quarter,… Read More
Neptune Industries of Boca Raton, Fla., today announced Daniel Hickey has been hired as VP of finance and planning. Hickey began his new role May 11.
Hickey has more than 20 years of experience in financial and portfolio management capacities. He serves as the principle of Stepping Stones Management, a registered investment advisor, and Stepping Stones Partners, a private investment partnership specializing in emerging growth companies.
… Read More