Conxemar 2018: Marfrio pivots after pressure from Chinese squid processors

By And

VIGO, Spain -- Undercurrent News Is reporting all week from the Conxemar trade show in Vigo, Spain.

The trade show runs from Oct. 2-4 but is preceded by, a conference on global seafood supply, which is organized by the Conxemar Frozen Seafood Association and the United Nations'Food and Agriculture Organization.

Auto updates: On
Oct. 8, 2018 PM 1:17

By Tom Seaman

Exhibitor number up 21%

The amount of exhibitors at the Conxemar show increased 21% to 720, a spokesman for the show told <i> Undercurrent News</i> .

Conxemar had 742 exhibitors in 2018, 131 more than 2017, with the total exhibiting area at 38000 square meters, an increase of 5000 sq. meters, he said.

Read more

The number of attendees was said to be 35448, up 13% year-on-year and from 106 countries the spokesman said.

Oct. 8, 2018 PM 1:18

By Louis Harkell

Marfrio pivots after pressure from Chinese squid processors

Marfrio is expanding beyond its core business with gusto, Opening a new tuna processing plant With Spanish tuna company Atunlo. It reckons it s the largest and most "advanced tuna processing plant in Europe.

Javier Otaegui, commercial director at the firm told <i> Undercurrent News</i> part of the reason for the move has been the tough squid Market, due to high prices and competition from China.

Read more

"We have big competitors in China," Otaegui said. "That is hurting us a lot"

Marfrio - which generates around million in annual at 75 revenues - produces pre-fried squid products at a plant in Marin. But in the past five years or so, Chinese processors been increasing output of Illex squid rings and tubes at lower cost than his firm can produce them. They have also started to buy up Argentine squid when they aren "t fishing it themselves, driving up prices.

"Every year they are building new plants, with 300-400 people in the plants, working for lower salaries. It s very hard to compete" with that. Argentine exporters can also sell whole round squid to China. We need to buy squid tubes processed on board Argentine vessels"

"They [Chinese processors] know finally how competitive they are with the cost of processing he said.."

Yellowfin tuna, by comparison, is a more stable resource, Otaegui noted. The Spanish market for tuna loins is also stable. Furthermore, at the Marin plant the firm is considering elaborating with tuna pre-fried products, to add to the range of products it ll make at the new 'plant with Atunlo, such as skin-pack tuna.

Oct. 8, 2018 10:44 am

By Louis Harkell

Pangasius problems in Spain

Spanish seafood importer Inlet Seafish is still feeling the impact of negative Spanish media reports about pangasius.

Inlet imports everything from monkfish, COD, and salmon, to tilapia, shrimp Pangasius, and squid from Vietnam, Indonesia, China, and India. The firm has sales offices in Valencia, Madrid, Seville, Burgos and Barcelona, and one office in Portugal and one in Italy.

Read more

Vicente Campuzano, purchase manager, said other markets for Pangasius are doing well, but not Spain.

"People in TV and news have been talking bad about pangasius. It s not always true. People" in Spain are confused. Has anybody been sick from this product Campuzano told <i> Undercurrent News.</i> ? "

The company nevertheless continues to grow volumes and expand in new regions this year it expects to; grow sales to 60 million from 52m last at the year. Campuzano put this down to the firm s strong sales team. "

"We have a very big sales team, they are running every day, every week, visiting customers around Spain. He when recruiting the" said firm looks for people who are "hungry for success".

"We are always looking for new products, looking for new customers"

Oct. 8, 2018 Am 8:33

By Tom Seaman 

Loligo pioneer Pereira soon-to-launch 74m trawler for Falklands fishery

Vigo, Spain-based Armadora Pereira will launch a new 74-meter freezer trawler for catching Loligo squid in the fishery around the Falkland Islands the company s Ruy Andrade told <i> Undercurrent News</i> ".

The company will replace its vessel Estai with Argos Cies, which will be launched from the Nodosa shipyard in Marin, close to Vigo, on Oct. 17, he said. In the Falklands, Pereira operates in a joint venture with Argos Group, a UK-based company.

Read more

However, Estai will then be used in another fishery for the group, not taken out of service, said Andrade. Estai is a well-known vessel in the group, as it was impounded in Canada in the 90s in the "so-called" halibut wars ", when Spanish vessels were accused of illegal fishing by Canada.

Estai ended up being released by the Canadians, after it was established the Spanish had done nothing wrong, he said. Argos Cies will be far more fuel efficient and eco-friendly than Estai, Andrade told <i> Undercurrent</i> .

The trawler is a demonstration of the company s commitment to the Loligo fishery ", where it operates three vessels he said. really believe in this" We fishery and we are committed to it. We might look at replacing the other vessels, but we will see how it goes. That the way we "s work, we take it slowly and make sure we ve made the right decision.""

Pereira and other Spanish firms have pioneered the fishery and market for Loligo, said Andrade. People talk about what the Norwegians have done with salmon but we ve done the same thing 'with loligo. We' ve created demand for it that just wasn 't there before. Whereas squid needs treating "Ilex and processing into squid rings or other value-added products, Loligo does not.

"It doesn" t need to be treated in order to make the texture less tough like with ilex. The goes direct to "product restaurants and foodservice firms, or into distributors, rather than to processors making rings and other products, he said.

Oct. 7, 2018 PM 5:35

By Tom Seaman

Silla takes over marketing for Ghana tuna JV from FCF

An executive from South Korea s Silla has moved to "Ghana and taken over the sales and marketing for the Cosmo Seafoods cannery.

Anthony Kim, who was previously working on the fleet side for Silla, is now based at Cosmo in Tema he told <i> Undercurrent News</i> .

Read more

Sales for Cosmo which is a joint venture between the Koreans, Fong Chun Formosa Fishery Company (FCF) and Panofi Company, joint owned by Silla and Ghanaian partners were previously handled by FCF, he said.

FCF still owns around a third of the cannery, with Panofi and Silla owning the rest. Cosmo which can produce tons a day of 70 metric mainly skipjack mainly to the European sells Union, Kim said. The edge Cosmo has over Asian canneries is it close to the EU 's market, he said.

"We are more expensive, but we are close and the logistics are good. So, our role is filling in spot orders from the buyers in EU. With Panofi which owns, six seiners, the plant is well fed with raw material, he said. The issue is more the market, as the EU is very competitive, hence Kim being drafted in to push sales and work fast.

"In the future, I mean in a several years, we might look at buying a small brand in the EU to get, a foothold, but that s not something for now", "said Kim.

Oct. 11, 2018 Am 8:37

By Louis Harkell

Spanish processor diversifies into meat, sees more potential

Producing and selling both processed frozen meat and seafood products Spanish firm Clavo Food Factory has a good view of trends in both markets and how they compare.

"Our customers tend view meat favorably because of stable supply and comparatively low prices," Yuko Koshimune, from the firm s Export Department, "told <i> Undercurrent News</i> " Seafood prices are volatile. And more markets want sustainability certifications, which increases prices too"

Read more

"I think there" s more growth potential in the meat sector she added.. "

A seafood processor first, Clavo started selling meat products ago. Meat products now 15 years account for about half of the firm s in annual "at 60 million sales, with Spain and Portugal its main markets.

The company s top-selling seafood products is "its Argentine squid stuffed with squid tentacles, while its top-selling meat product is breaded chicken fillets. In the past, wholesale prices for the squid product was comparable with chicken, but nowadays it s more expensive she said.."

Koshimune said a key strength is the firm versatility. If a customer "s" wants a certain product it s very likely we can "do it for them"

Its seafood processing plant is in Galicia, its meat processing plant in Castilla y Leon.

Oct. 5, 2018 PM 4:40

By Louis Harkell

Spanish Octopus processor building new plant in Morocco at 5m

Spanish Octopus processor Frigorificos de Camarinas is building a new 5 million processing plant in at Agadir, Morocco, to increase production of cooked octopus and be closer to the resource.

Read more

The new plant will produce up to 100 metric tons of cooked octopus and octopus flowers a day, Adriana Canosa, sales director at the firm, told Undercurrent News. As per Morocco s rules on foreign direct investment ", the factory is being built in partnership with a local firm, with Camarinas owning a majority stake.

The firm generates about 40 million in annual turnover at with Moroccan Octopus accounting for 95% of total sales. We thought that if we have to move on the best place to move on is where the raw material is. Morocco was the choice for that said Canosa. It also, "has a plant in Laayoune in the South with the same partner.

The firm 's third plant, based in La Coruna, Galicia and, which produces around 9000 pallets a year, will produce mainly Octopus trays once the Agadir plant opens next year.

Octopus sales have been growing "every year", said Canosa, although this year s high prices have deterred "some buyers in its biggest markets Portugal and Spain.

"We were in Boston exhibition and everyone was looking for octopus. For us the US is still a small part of our market, but it is growing slowly but surely. The US has great potential"

She shared the view prices would drop next year (see post below). I think in 2007 it was very high, but it was not this level she said.. "

Oct. 8, 2018 Am 9:00

By Tom Seaman 

Spanish firm upgrades squid processing to get closer to source, amid record prices

Spanish processor Froxa has invested in its plant in Cantabria, Spain in, order to be able to process squid in raw material form, Jose Javier Fernandez, its Asia/Pacific director, told <i> Undercurrent News</i> .

"Previously, it would be processed elsewhere and then go into this line. Now, we are able to buy the raw material and process this ourselves, it s going one step up" the chain, enabling access to new raw material as well as processing squid following each client own specifications he said.. "

Read more

This comes with prices for Illex squid at all-time-high levels. For [illex] squid, the prices are at record levels. Well, the highest I have ever seen in the industry since I joined. Demand is stable s the lack of; it landings. There are no big sizes, "he said." I think the prices will go up after this show and even up again in Qingdao [China Fisheries & Seafood Expo], in November"

There was a good season for Loligo in the Falklands and it usually alternates with Argentina, with Illex, as the Illex eats the Loligo, he said. In addition to its plant in Spain, Froxa has operations in India, Vietnam and, China as well as in Latin America.

"I" ve been based in China for the last 10 years in Shanghai., We were one of the first from Spain to set up in China, and among the first companies to start importing wild PUD shrimp from China in early 90s "," he said.

The plant in Spain has three lines, a frozen one, mainly for squid; a seafood mix line and also a pre-cooked one.; The company can process tons a month of 400 metric value-added products, said Fernandez.

Oct. 5, 2018 PM 1:29

By Tom Seaman

Froxa may add Pollock to "premium" range, eyes UK retail for Cantabrian sardines

Spain 's Froxa, a family-owned processor and importer, is looking at adding Alaska Pollock to a "premium" line of frozen products, as well as looking at selling a high-end Cantabrian sardine product to UK retailers.

The company, which is family owned, has been in talks with suppliers at the show, Jose Javier Fernandez, its Asia/Pacific director, told <i> Undercurrent News</i> .

Read more

"It 's [Alaska pollock] high quality, wild-caught and MSC [Marine Stewardship Council]-certified. So, it fits perfectly with our ethos. We have had some talks with suppliers about this," he said.

The philosophy of the range is for additive-free products with a, natural taste, for a "demanding consumer", he said. In this premium range, the company also sells Pacific Mahi Mahi, Alaska chum salmon, monkfish, wild shrimp, and scallops from Peru. did have black tiger "We shrimp, but that did not go as well, as it s too expensive for the" market. "

The company is also focused on deloping it "gourmet" line, he told <i> Undercurrent</i> This includes New Zealand. Currently squid and Anchovy from the Cantabrian Sea.

"The anchovy are from local vessels and then processed in our plant, which is close by. These products are made based on the traditional recipe of Cantabria, and we are very proud of these items. We are studying new items to add to this line thru our R&D department. This is for really high-end frozen products," he said.

"We are selling the anchovy into foodservice and retail in Spain and also foodservice in Mexico, France, Italy, Portugal and the UK. We are also trying to go into retail in the UK, and to expand the sales to our other markets, because we are currently exporting to more than 20 countries, said Fernandez.

"I really feel that younger people are concerned much more about sustainability issues, including the ocean. Sharing this concerns we are developing this line he said.."

Oct. 5, 2018 PM 4:40

By Louis Harkell

Spanish importer concerned about chemical treatment, glazing of shrimp

"Some shrimp importers use 60% glazing. That s more water than shrimp", "a Spanish importer, who wished not to be quoted by name, told <i> Undercurrent News</i> .

He said he s concerned about a drop "in quality of shrimp on the market.

Read more

"The problem is if they don t use those treatments the" price will be higher. There are a lot of people in the Spanish market and everyone is doing the same, so what can you do?"

Chinese exporters told <i> Undercurrent</i> Spanish importers face increased competition for wild-caught Chinese shrimp from Chinese consumers, which has driven up raw material prices, although another said prices this year have softened due to a better catch (see post below).

But the importer reckons volumes from China are pretty stable. He also noted Chinese shrimp prices are lower this year.

"Natural shrimps are better if not treated. But that s just my opinion.""

Oct. 5, 2018 Am 10:35

By Tom Seaman 

Iberconsa tightlipped on Mercadona hake sales

Spain 's Grupo Iberica de Congelados (Iberconsa) has started selling Argentine hake products to some stores owned by Mercadona, s largest retailer, according Spain' to sources at the show.

Imanol Almudi, Iberconsa s general manager declined ", to comment to Undercurrent News On Mercadona. However, he confirmed the company has the green light "" To buy a processing plant close to Vigo As, Iberconsa looks to get closer to the market.

Read more

According to <i> Undercurrent</i> sources, getting more business with Mercadona could be part of this. Mercadona has over in Spain and Iberconsa 1500 stores is putting the hake medallions into Mercadona is well known 30-40 stores. for its super tight relationship with one or two suppliers on each category.

"Of course, Iberconsa would like to become a reference supplier on hake," one source, who declined to be quoted by name, told <i> Undercurrent</i> .

Oct. 5, 2018 PM 4:39

By Louis Harkell

Family-run Spanish processor re-brands

Spanish firm Terranova is re-branding after more than trading under the name 30 years of founder Jaime Estevez.

"By the end of this year all our products will be sold under the Terranova brand Paula Estevez told," <i> Undercurrent News</i> . "My father thinks" s better not to have it his name on the company anymore"

Read more

The Spanish seafood sector has undergone a remarkable transformation in recent years with investors snapping up large stakes in family-run businesses or buying outright, sparking some soul-searching among other family-run firms. Paula Estevez said her firm had also considered opening up to investors, but is wary of the changes that might ensue.

"They might not fit with the family culture. Investors tend to think more about the money she opined.."

Business has become more challenging, she said, with monthly sales less stable than in the past. The firm generates around million in annual sales. at 30

Estevez is positive about the re-branding, however. "It" s gone down well with customers she said.. "

Other Spanish firms which have recently re-branded include Dagustin, which previously traded under the founder "s name, Jaime Soriano.

Oct. 8, 2018 Am 10:34

By Louis Harkell

Despite low prices, EU shrimp sales surge unlikely, says Spanish importer

"The market isn" t going to become bigger just because the price is one euro [per kilogram] lower. Volumes are pretty stable, "Pablo Mugica, general manager at Krustagroup, told Undercurrent News.

Krustagroup imports around 15000 metric tons of shrimp annually, comprising mostly Argentine red shrimp, as well as vannamei and Chinese wild shrimp.

Read more

Low prices of vannamei shrimp, in fact, mean increased competition, reduced value per kilo sold and, in the short-term, hesitation from buyers who think prices may fall further, he said.

"There is some concern in the industry that these low prices are what is going to be the trend in the future. Ideally, prices would be more stable or increasing slowly he said.."

Krustagroup relies on international diversification, cross-selling new products to customers and product innovation for growth, he said. To this end, the firm has launched products like shrimp gyoza, lasagnas, and rolls, while it has also teamed up with Chile s Camanchaca to grow sales' in the US And EU .

Annual revenues are just under at 120 million, 70% with of sales comprising shrimp products; the rest scampi, langoustines cephalopods, from India, and salmon and mussels from Chile. Spain accounts for around 55% of the firm s sales. "

Oct. 5, 2018 Am 10:33

By Louis Harkell

Viciunai Group investing in plants to keep innovative, costs down

Lithuania-based Viciunai Group is investing "tens of millions" in plant upgrades and new product lines so it can keep innovative and lower costs.

"Last year, we invested in our sales teams," Egidijus Remeikis, member of the board, told Undercurrent News "In. France , UK And, Spain, and with a big office in Italy. What we are doing this year is investing tens of millions across our factories in Spain, Estonia and, Lithuania"

Read more

In spring, it Opened A new surimi anguritas and noodles line as part of a million modernization project at at 4 the Sistemas Britor factory in Santander, Spain. Surimi noodles are a low-carb alternative to traditional spaghetti and are expected retail at about per 200g pack. at 3

The investments have an eye on keeping innovative with innovation a key driver for growing surimi sales said Remeikis. Meanwhile, in, Lithuania, wages have increased by 10%. We must invest in equipment such as robots to become more efficient he said.. "

At Conxemar, Viciunai is eyeing the "big potential" for the firm in the Spanish market despite being one of three; main driving countries for surimi sales in Europe, along with France and Italy, Spain only accounts for 20m in sales for the at the 500m-turnover group said, Ugis Kalnins, general director of Viciunai Group Iberia.

"If you talk about Spain I see big potential in Vici group. We are taking a big part in wholesale but we are missing a bit part in branded sales he said.."

Among products it is pushing there are its surimi baby eels, or "anguritas" A. Spanish delicacy, natural baby eels imported from Japan can cost at per kilogram according to 800, the firm.

Oct. 8, 2018 Am 9:20

By Tom Seaman 

Profand showcases Stavis investment, new ready-to-eat line

Spain 's Grupo Profand showcased its recently confirmed investment in US processor and supplier Stavis Seafoods at the Conxemar show, as well as a new line of ready-to-eat products.

The company, which is a key supplier to Mercadona on cephalopods and red shrimp from Argentina, Confirmed its role in Stavis At the end of September, along with Newsan, Which had previously Told Undercurrent News It was the investor in the US firm.

Read more

Profand s new products (see second below), in packing labeled "You" re Cookin "," include hake and shrimp recipes. Enrique Garcia Chilon Profand s CEO and, "main shareholder, told <i> Undercurrent</i> the products are aimed at foodservice, as well as retail. He declined, however to, comment further on Stavis.

The map of Profand s global operations now includes Stavis ", a processor based in Boston, Massachusetts as, well as Consermar, a plant in Trelew, in the province of Chubut. According to the statement from Profand from September, Profand has partnered with Newsan to incorporate three vessels in Argentina and a processing plant in Trelew".

"Thanks to this partnership, it [Profand] strengthens its position at the point of origin in the production of two important species such as Patagonian shrimp and squid, and diversifies its development in the US," said Profand, in the statement.

Profand Fishing Holding has been created in order to organize the operations and investments in fishing said the company. company [Profand Fishing Holding] "The will take in all the fishing sector operations"

The Argentine element of the deal will add tons of volume to 8000 metric Profand, with two shrimp freezer vessels and another one with an Argentine flag for fishing squid, as well as the shrimp processing plant.

The three vessels take the fishing assets of the company, now owned by Profand Fishing Holding, to 28 vessels, according to the press release. The release states the Profand group now has consolidated turnover of over at 250 million and 1800 employees more than 450 in Spain.

Profand "s" strategy for growth has been to consolidate its presence in the origins and in the direct access to the raw material the company said. ".

Oct. 4, 2018 PM 2:09

By Tom Seaman 

Argentine shrimp price offers high, wait and see on Chinese reaction

As usual at Conxemar, Argentine shrimp sources are bullish on prices. However, it remains to be seen if this translates into sales of large quantities at these levels.

Quotes for L1 are around $8.75 per kilogram, with L2 at around $7.40-$7.50/kg, sources said, in line with what <i> Undercurrent News</i> heard before the show. Some deals have been done at this level for Europe, sources said, but Chinese buyers are on holiday this week and back next week.

Read more

"Prices have gone up 7-9% in the past two weeks it a lot. It remains to s be seen what the prices settle at. But, there are low stocks in Argentina and Europe he said.."

After Conxemar, deals are done for deliveries to Europe for Christmas season sales, but prices are talked up by suppliers during the show. The increase has been partly driven by the New Argentine export tax.

The technocrat government of Mauricio Macri has put in place a floating percentage tax on all products exported from the country at the start of the month.

Macri had eradicated the tax the government of 10% export Cristina Fernandez de Kirchner had in place. However he just introduced a tax related s to the exchange rate with the dollar, amid the current state of economic crisis in the country. The tax is ARS 3 for every $1 exported. means an FOB [free "This on-board] for $8/kg would mean you 'd Pay 24 pesos (ARS) per kg one source told," <i> Undercurrent</i> , during the WorldFood show in Moscow, Russia.

The tax ends up being around 8-10% anyway, sources said. The Peso has been devaluing against the dollar, which helps the exporters. However, the company s fuel and crew costs' are in dollars, which partially counteracts this.

Also, the sea-frozen season will finish in November and also catches are slightly lower than last year. The total catch sea-frozen and shrimp for processing on land is likely to finish around tons in total. Sea-frozen 200000 metric makes up over half of this. In addition, the quantity of L1 in the catch is down, sources said.

Oct. 4, 2018 PM 2:01

By Tom Seaman

Cooke sells Argentine hake assets to Solimeno still eyes, shrimp vessels, say sources

Grupo Solimeno has bought vessels and hake quota in Argentina from Cooke Seafood, a wild-catch focused sister company of Cooke Aquaculture, the Canadian salmon farming giant, sources told <i> Undercurrent News</i> .

The Argentine company, ran by Antonio "Tony" Solimeno, a legendary figure in the country s seafood sector has ", bought around tons of in-shore hake 8000 metric quota and two trawlers from Cooke Seafood, the family-owned Group s wild-catch arm. The deal" is said to have taken place earlier in the year.

Read more

The Canadian company acquired the quota and vessels - named Grinfin - as part of the deal for Fripur, in neighboring Uruguay.

Solimeno has a processing plant in Mar del Plata for hake and other species, which it is has been investing in and expanding. According to a report from La Capital An Argentine, news site, the company invested in expanding its breaded capacity last year.

According to sources, Cooke is still interested in buying one or two frozen-at-sea shrimp trawlers from Grupo Conarpesa Continental Armadores de Pesca (Conarpesa), however.

In May, <i> Undercurrent</i> reported Cooke had made an offer for a Conarpesa trawler, although nothing has come of this seemingly. Sources, at Conxemar, however said, Cooke is still interested in the deal, even for two vessels.

Solimeno, Cooke and Conarpesa did not respond to requests for comment from <i> Undercurrent</i> .

According to sources familiar with Cooke s plans the company ", plans to do frozen-at-sea hake using the quotas in Uruguay, which are around 15000t.

Oct. 4, 2018 Am 6:57

By Tom Seaman 

O Lav s, or Mr. Fisk?

Marine Harvest 's deal with Scanfisk Seafood a processor, in Spain, leaves the question open as to which brand will be used in the market.

The Norwegian salmon farmer has been using the Olav s brand in Spain ", under its now-ended joint venture with Angulas Aguinaga.

Read more

Scanfisk, which Marine Harvest will partner with to offer a full whitefish and salmon solution in chilled, pre-pack in Spain, has also been selling Mr. Fisk-branded products in skin-pack and modified atmosphere packing for some time now.

Both Marine Harvest s Fabrice Barreau and Angel "Garcia Lahoz, CEO of Scanfisk, said branding strategy in the market is yet to be decided.

"We have our own brand, Olav s. Scanfisk has the Mr." Fisk brand, also. We will look at our branding strategy in the fourth quarter after the organization is finalized, "Barreu told <i> Undercurrent News</i> .

See both brands below.

Oct. 4, 2018 Am 6:04

By Tom Seaman 

Heiploeg looks to sell seafood tapas to the Spanish

Although tapas is ubiquitous in Spain, Dutch processor Heiploeg International sees an opening for a range of chilled, pre-packed items it s selling into northern Europe. "

"We looked around in retail and we haven t seen much like this", "said Patrick Butter, a key account manager with the company, owned by seafood giant Parlevliet and van der Plas.

Read more

Heiploeg has the products on display on the stand of Lanzal, a Vigo-based supplier which merged with Galfrio, a rival whose owners own vessels and a plant in Argentina.

Butter told <i> Undercurrent News</i> Lanzal distributes its frozen products in the Spanish market, but not chilled. It "s" up for discussion "if this same arrangement might also be in place for the tapas range, however he, said.

Oct. 4, 2018 Am 6:51

By Tom Seaman 

Spanish firm sees growth from new China operation

Vigo, Spain-based Pesciro is starting to get traction with a venture in Shenzhen, a Chinese mega-city.

The firm founded Shenzen Gaodi International Trading in 2016 and is seeing rapid growth from a small base.

Read more

The parent company has turnover of around million and is already at 60 doing around at 1m in China.

According to Lois Fernandez Meijide, who s involved with its Chinese operations ", said King and spider crab from Chile, Argentine shrimp and squid from Peru are some of the items Pesciro is focused on in the China market.

The company has also started pushing COD and hake, he said. Pesciro is also getting more into meat trading and will look to sell meat and other non-seafood items in China in the future.

Oct. 4, 2018 Am 6:05

By Tom Seaman 

Marine Harvest, Scanfisk 'stronger together'

Angel Garcia Lahoz, CEO of Scanfisk Seafood, is excited about his new partners for the Spanish market.

Teaming up with Marine Harvest will give Garcia a partner with the largest supply of farmed salmon in the world and many years of experience in value-added, chilled processing.

Read more

"The two companies have very complementary strengths. We are very strong on whitefish sourcing and processing. We have people in three ports in Spain, Celeiro Vigo, and La Coruna, and we are also flying in hake and other fish from all over the world, as well as dealing with frozen," he told <i> Undercurrent News</i> .

"They are the biggest player on salmon and have many years in value-added processing. We have been in pre-pack since 2010 which was one of the first, in Spain, but Marine Harvest has been in pre-pack way before this he said.."

"We deal mainly in wild fish, such as hake, COD and also pollock. But, you need to be flexible, as you may have to replace something due to changes in supply [with quotas changing] hence the value of, partnership with a farmed salmon supplier, said Garcia.

The deal - which you can Read more on here Will see Marine Harvest will control and operate the value-added part of Scanfisk s plant in Zaragoza. "

"We have one plant of around square meters. The value-added part 5000 is around 2500 sq. meters over two, floors. Then, we have the primary processing area. Marine Harvest will be in charge of the value-added part of the facility he told." Undercurrent .

The value-added area of the plant is doing modified atmosphere packed and also skin-pack seafood, he said.

As for whether Marine Harvest might buy the plant in the future, Garcia declined to comment. The two companies are aligned on a vision for the sector, also. The aim is to make both companies stronger he said.. "

Oct. 4, 2018 Am 5:05

By Tom Seaman

End of Marine Harvest Angulas JV for Spain "better" salmon market development

The end to Marine Harvest and Angulas Aguinaga s joint venture for salmon "processing in Spain was amicable and is the best result for both companies, as well as the market, said Fabrice Barreau, the head of the former s Western Europe business unit."

"It was the choice of both companies to end the JV," Barreau told <i> Undercurrent News</i> .

Read more

"We have learned a lot together and been very present on the salmon market. But, we think it s better to separate and" develop the market in the way we are strong together, rather than to continue as a compromise on our strategy. Then, there is no compromise for either, "he said.

During Conxemar, Marine Harvest Announced a partnership with Scanfisk Seafood A processor, based in Zaragoza, to go into fresh salmon and whitefish supply in Spain.

Marine Harvest will take control of the value-added part of Scanfisk s plant in Zaragoza as "part of the deal.

Ignacio Munoz Calvo, CEO of Angulas, which is also supplying surimi, shrimp octopus, and whitefish to the Spanish market, did not respond to a request for comment from <i> Undercurrent</i> on his strategy for the market.

Oct. 4, 2018 Am 7:41

By Louis Harkell

Fast-growing Portuguese seafood processor bats off octopus, COD price hikes

Portuguese processor Brasmar, which is owned 50% by MCH Private Equity, expects sales to increase by around 15% this year to at 175 million- at 180m, despite record prices of octopus and rising prices of cod.

Octopus sales have been "growing a lot", Sergio Reis, chief operating officer, told <i> Undercurrent News</i> , since the firm invested 22m in two new processing at facilities for octopus and COD last year. This year the company won a national food award in Portugal for its octopus products.

Read more

Brazil and Portugal are also both large markets for the firm for dried salted cod, or bacalhau.

"Until the middle of the year, even with the very high prices of octopus, we felt we had strong demand. Now in the last two-three months, we feel it s not bad but it", "s not growing anymore. And the main reason is pricing"

Industry sources anticipate a better catch of Moroccan Octopus when the season starts (see post below) and Reis hopes prices fall back.

Cod sales in Portugal have been stable, meanwhile he, said.

Reis said the firm has the flexibility to deal with volatile raw material prices however. have species in "We 200 our portfolio and there is always something that we have a shortage of but the availability of something else"

Brasmar works with over of mainly wild-caught products 1000 suppliers and wild-caught products account for around 80% of the firm s sales. It sells' to 20 different countries.

"We are growing in almost all said Reis. It has," achieved particularly strong growth in Italy, Spain and France, making new hires to its contracted sales teams this year in the latter two. Overall, exports are expected to grow to 55% of total sales in from 51% last year. 2018.

Sales growth is expected to be 9% in 2019 as it moves towards, its three-four year goal of 200m-220m in annual revenues. This at year s earnings before interest and "tax is forecast at at 14m.

Oct. 4, 2018 10:48 am

By Louis Harkell

Next Octopus fishing season hotly anticipated in Morocco

The next Octopus fishing season is starting in a couple of months in Morocco and should result in a welcome drop in prices, due to higher biomass in the water, an industry source told <i> Undercurrent News</i> .

"I think there is a lot of octopus in the sea now the source based in," Morocco said. "When we start [fishing] the price will go down"

Read more

Fishing is set to start on Dec. 5. Due to shipping times fresh Octopus won t arrive in Italy and "Spain until next year, he reckoned, and those countries will have to rely on existing stocks for Christmas and New Year, he said.

Record high Octopus prices this year Have fueled consolidation Among Spanish fishing companies, while between April and late September prices have been impossible to work with ".

"We reached a ceiling"

High prices have been blamed on low catch and high demand, with the former pinned on poor resource management. Before, Morocco would export 2-3 times the fishing quota, the source said; now, it exports "exactly the same".

Oct. 3, 2018 PM 2:45

By Tom Seaman 

Trident hires ex-Vici, Marco Polo exec to increase southern Europe Pollock sales

Trident Seafoods has hired a manager for Southern Europe to increase Pollock sales in the region. Stephan Verhamme, a former executive with Lithuanian surimi and seafood processor Viciunai Group and sushi supplier Marco Polo Foods, joined in August to lead sales in the region.

At Viciunai, Verhamme ran the company business unit in "s Iberia, before leaving in The hire comes as Trident 2017. promotes its Pollock" Diamonds "using, deepskin raw material, in Europe, Willem Appeldorn, managing director for Trident Seafoods Europe told <i> Undercurrent News</i> .

Read more

Trident 's diamonds, which are being sold in retail in the US in Walmart, are mainly in foodservice in Europe, Appeldorn said. However, he expects the products to appear in retail all over Europe next year, as customers have been ordering for use in ready meals and other applications.

The company s push on Pollock in "Europe is centered on the phrase" cod "s delicious cousin".

Prices for COD are high, which is causing more demand for Pollock, especially deepskin, sources have told <i> Undercurrent</i> .

Pictured above are Verhamme and Appeldorn.

Oct. 8, 2018 1:24 PM

By Louis Harkell

Argentina hopeful next year s shortfin squid season will "be similar to the last one

Argentina 's shortfin squid season will kick off again at the beginning of January and Juan Redini, President of Argentinean squid firm Pesquera Buenavista, is hopeful catch will be similar to this year s. "

"Last year inside Argentine waters the fishing was good, outside [the exclusive economic zone, or EEZ] there was no fish. The expectation is that it will be the same as this year. At least we hope so," Redini told <i> Undercurrent News</i> .

Read more

This year, Argentine vessels landed 107779 metric tons of Argentine shortfin, or <i> Illex argentinus</i> , according to Agroindustria. This was similar to last year s catch of 99170t. "

Outside Argentine waters where vessels from several countries also fish for squid with China s fleet the biggest "- catch was Significantly down Industry, sources said back in early May, although exact figures are hard to pin down. Vessels beyond Argentine waters have in the past caught around half the total catch.

Redini said poor catch outside Argentina s EEZ and high squid "prices globally meant Argentinean sellers achieved prices for whole round squid of $3200-3400/t, with all stock sold. Argentine shortfin is exported 50% of whole round for use as bait, with headed and 50% exported gutted (H&G) [tentacles and insides removed onboard]. H&G prices are around 70% higher. Around 95% is exported from Argentina without further processing.

"Of course, for us it [high prices] is very good," he said. "But it is expensive to operate in Argentina. Taxes and operating costs in Argentina are very high."

He said he hoped next year Argentine vessels would catch bigger sizes average sizes were just 200-300; grams he said; in previous years, 300-500g. He blamed this on poor catch in southern Argentina, where lager-sizes are more predominant.

Argentina 's fishing season officially lasts from January to August, although last year s season finished in May. "

2019 Undercurrent News.

Oct. 8, 2018 Am 9:07

By Louis Harkell

Hayduk: No Jumbo flying squid catch since March

Peru 's Hayduk Corporacion has not caught any Jumbo flying squid since March, a spokesman said.

Hayduk, one of Peru s largest fishmeal producers ", sells about $40 million worth of seafood products for human consumption annually.

Read more

Among its products is Jumbo flying squid <i> Dosidicus gigas</i> Since March in Peruvian waters there. "S been" no catch ", Marcos Miedzianogora, sales manager at the firm, told <i> Undercurrent News</i> , despite Jumbo flying squid typically being fished year-round.

"We don" t know why [there is no catch]. It could be warmer water temperatures. We don t know when catch will improve. ""

Outside of Peruvian waters up to vessels also fish for 200 Chinese Jumbo flying squid on the high seas, though some also are known to cross into Peruvian waters to fish without authorization.

According to Beijing-based Huacai Technology, prices of small-sized Jumbo flying squid (less than 500g whole-round have actually fallen) in China, down from CNY 14000 per-metric-ton ($2034/t) in January of this year, to CNY 9600-9800/t as of this week.

Large-sized Jumbo flying squid prices are clearly on the rise however (see graph).

Jumbo flying squid is one of the world s largest commercial squid species' by volume.

2019 Undercurrent News.

Oct. 8, 2018 Am 8:45

By Louis Harkell

Spanish firm sees growing demand for products amid "pre-formed" record high squid prices

Congalsa, a Spanish producer of seafood snacks and tapas, is seeing more demand for "pre-formed" squid products products made to look and; taste like squid but which can be produced for about a third of the cost using cheaper ingredients.

Pre-formed rings tend to be made with a paste of squid, fish starch, and other ingredients. The rings are then formed through extrusion.

Read more

They have become a "real option" for customers, Reyes Vidal of Cangalsa s marketing department told <i> Undercurrent News</i> ", amid record high prices for the world s biggest commercial squid 'species Argentine shortfin, Japanese flying; squid and jumbo flying squid.

"It [high prices] has a real impact on clients. In the past two years the raw material price has increased and so we are working more and more with pre-formed rings than the natural one"

She said pre-formed products have improved over the years and have much the same bite and flexibility of natural squid.

Earlier this year, Japanese seafood giant Nippon Suisan Kaisha Said It was substituting Japanese flying squid with jumbo flying squid in sushi products, because of high prices of the former.

Oct. 11, 2018 Am 11:03

By Louis Harkell

Chinese squid firm sets up Spanish "try before you buy service"

Beijing-based Huacai Technology is importing semi-finished squid products from China to Spain to make it easier for local firms to try before they buy.

Currently, Huacai - which has an office in Vigo has of squid products held 30 containers in Spain comprising jumbo, flying squid, Japanese flying squid and Argentine shortfin squid. It aims to increase that number to the end of the 70-100 before year. Jose Castrillon Gonzalez, manager at Huacai, told <i> Undercurrent News</i> he s unaware of any "other company in Spain doing what Huacai does.

Read more

"For a lot of [Spanish] companies when they order product from China it s hard for them to" know with certainty the quality of the product before it arrives. Without having seen the product they agree supply deals with their customers"

"We allow them to see the product first before buying. Also, without them having to wait two months before it arrives from China"

Semi-finished squid products the firm sells include 'dirty tubes', which undergo further processing in Spain.

In China, Huacai is best known for its online squid trading platform. The firm claims the platform handles about Half of all raw squid traded in the country .

Oct. 3, 2018 Am 6:09

By Louis Harkell

Spanish importers of Chinese wild shrimp squeezed by increased local demand

An increase in Chinese demand for locally-caught shrimp is driving up prices and putting pressure on Spanish importers, Chinese companies said.

Zhoushan Shengtai Aquatic used to export more than its locally-caught shrimp and 95% of a large share of that to Spain.

Read more

But an increase in demand in China has seen its exports decline to of overall sales in just 70% a few years, Juanly Wang, assistant to the chairman of the board, told Undercurrent News . "The trend is increasing domestic demand," she said. "By comparison the Spanish market hasn t been doing so well.""

More Chinese vessels are doing frozen-at-sea shrimp for the domestic market, she said, resulting in less available supply for export. Prices have risen 40-50% compared with 5 years ago, she estimates.

Another exporter said prices have fallen a bit since China s fishing season began in "August Chinese vessels catch shrimp mostly; off the coast of Zhejiang in the East China Sea from August to October.

"There is more supply now," she said. Last "year" s catch was pretty bad. This year s looks better. ""

She quoted prices of $6.00 per kilogram of peeled, de-headed red shrimp (<i> Solenocera melantho</i> ), 35 count per pound, with She said prices tend 40% glazing. to follow prices for Argentine red shrimp.

In 2017, Spain imported 11880 metric tons of frozen shrimp worth $76.1 million from China, according to International Trade Center, down -11% in volume but up 7% in value.

Earlier this year, European importers of crayfish Told Undercurrent They were seeing an increase in prices, also because Chinese were taking a greater liking to the product.

Wang said it s not quite the same 'for wild-caught shrimp, however. is indeed very popular "Crayfish in China. But crayfish production can be increased because it can be farmed. Red shrimp is wild-caught. There s limited supply.""

Oct. 2, 2018 6:40 PM

By Tom Seaman 

Icelandic Haddock specialist sees more US demand due to China trade war

An Icelandic whitefish processor with a big Haddock business is seeing demand from US customers grow rapidly, with tariffs having been put in place on fillets from China.

IceMar, which has also expanded into the Spanish market with a deal for 50% of processor Elaborados del Bacalao (Elba), already sells over half of its Haddock to North America, Gunnar Orn Orlygsson, its CEO, told <i> Undercurrent News</i> .

Read more

However, demand from US customers has increased dramatically since Haddock fillets from China are now subject to 10% tariffs, which will go to 25% next year, if no resolution is reached in the trade war.

The government of Donald Trump has removed cod, Pollock and salmon fillets from the tariff list, but not haddock, which isn t caught by US vessels. "This means Haddock from Iceland is an even more viable alternative to Norwegian and Russian fish processed in China.

IceMar is selling around 1200 metric tons of haddock to North America, 500t to the UK and 400t to France Orlygsson told <i> Undercurrent</i> The on COD and. Outlook Haddock for Iceland is very positive.

While the Barents Sea Haddock quotas has been coming down and set to come down further, Iceland increased its quota 45% to 57982 metric tons for the 2018/2019 fishing year, which started Sept. 1. Cod has also been increased slightly, from 255172t to 264437t.

However, the International Council for the Exploration of the Sea (ICES) is recommending the COD and haddock quotas in the Barents Sea are cut further in 2019. In June, ICES advised the COD quota in the Barents Sea for 2019 be set at 674678t. This is a drop of 5% on the advised level for 2018 from last June of 712000t, but 13% on the 2018 quota ultimately set by the Norwegians and Russians of 775000t in November 2017.

For haddock, ICES is advising the TAC be cut 25% for 2019 to 152000t, compared to 202305t for was in line with 2018. This ICES s advice and down on '233000t in 2017.

This is good news for Icelandic firms, said Orlygsson. For whitefish processing, IceMar owns a 10% stake in Isfiskur, which owns two plants in Iceland, one which it recently acquired from HB Grandi.

Also, IceMar owns 33% of AG Seafood, another plant in Iceland. In October last year, IceMar and GPG Seafood acquired Elba, which is a salted cod supplier based in Barcelona.

Oct. 2, 2018 Am 11:52

By Tom Seaman 

Cooke deal for Seajoy could prompt more shrimp M&A

Cooke Aquaculture s plan to acquire shrimp "farmer Seajoy could prompt more companies to look at selling or taking investment, stimulating mergers and acquisitions (M&A) in the sector, a source in the industry said.

Undercurrent News First reported the possible deal in June And it 's in due diligence, sources said.

Read more

"It" s interesting. If this deal goes through it likely make other salmon farmers ll and investors look at the sector. If Cooke wants to go into shrimp, others could also look to follow this, "he told <i> Undercurrent</i> .

"This was the case with the big feed companies in Ecuador once one, went in, they all did, he said.

In fact, one of the feed players in Ecuador US agribusiness, giant Cargill, has Openly stated its intention of looking at shrimp As well, as farmed salmon, M&A. Canada-based Cooke is one of the most acquisitive companies in seafood.

Also, Seajoy is of a "decent size", so would provide a good pricing benchmark for other deals, the source said.

"It" s very interesting that international investors from outside the shrimp sector are looking [at M&A] he said.. "

Seajoy has operations in Central America in Honduras, and Nicaragua, but has got out of Ecuador. The company has around of shrimp farms and 3500 hectares controls the entire value chain, from hatcheries to processing plants.

Cooke has expanded into farming salmon in Chile, the US and the UK, seabass and seabream in Spain, as well as in wild seafood and feed, with deals for Icicle Seafoods, Fripur Wanchese, Fish Company and Omega Protein.

Tassal Group, an Australian salmon farmer, has also recently gone into shrimp, With a deal for a black tiger producer It plans to expand considerably.

Oct. 2, 2018 Am 7:32

By Tom Seaman 

Borealis shrimp output to increase, as Argentine production drops

Production of coldwater shrimp (Pandalus borealis) is set to edge up in 2018, with the output of Argentine Reds due a slight drop, albeit from a very high level.

Borealis landings are set to rise slightly to around 220000 metric tons, after falling for several years, according to data presented at the conference by John Sackton publisher of <i> Seafood News</i> .

Read more

Higher catches in Greenland and the Barents Sea are the drivers here according to, Sackton. However, landings were 300000t in 2013, before the massive cuts in the Canadian quota.

In 2013, the catch of Argentine shrimp was under 100000t. In 2018, catches are set to drop slightly, but should still be above 200000t, said Sackton.

As for the other smaller wild shrimp fisheries, Sackton said Mexican, Central American and Caribbean production is stable, as is US Gulf and Pandalus jordani landings.

In Asia, production is also flat, according to data presented by Sackton.

Oct. 1, 2018 5:36 PM

By Louis Harkell

Audience member disputes UNCTAD figures showing European countries head marine fuel subsidies ranking

Three European countries are the biggest offenders when it comes to fuel subsidies for marine vessels according to, David Vivas, legal officer at United Nations Conference on Trade and Development (UNCTAD).

Based on the price of marine gas oil in ports, Belgium the, Netherlands and Germany provide the most in fuel subsidies of all countries UNCTAD has data for (see chart).

Read more

"If you are over the [black] line you are probably not providing the subsidies. If you are below the line you are probably receiving public support nobody sells gas below the - market price, said Vivas.

Among the top-20 fishing countries, the US, Korea and Norway also give more in fuel subsidies than China.

A member of the audience from a Spanish fishing company said he was "hugely surprised" by this.

"You take China, I m sure they give much" more in subsidies than the EU. But they are not transparent he said.. "

Vivas conceded the data is provided by countries and they can only comment on the data itself.

However, the chart shows the data of sales price in port. If you have lower prices in port it means there must be some support He did not mention. Whether companies receive fuel subsidies in other ways.

He noted in some European countries fuel subsidies differ based at national level, regional and even municipality level.

Oct. 1, 2018 PM 5:03

By Louis Harkell

OECD economist: Smarter spending of fishing subsidies needed

The $7 billion spent on fishing subsidies by OECD countries each year could be spent in a smarter way, said Roger Martini, analyst of trade and agriculture Directorate at the OECD.

According to individual country data, subsidies make up an average of the value of landings 20% of of fish and other wild-caught species. In some European countries the value is higher noted Martini (see graph).

Read more

Yet among OECD countries landings have fallen 38%, he said, while there are 44% fewer fishers and 28% fewer vessels.

"Are governments best using the suite of options available to them and would they use the policies they use today think they would? I not, he said.

The above graph shows Transfers to Fishers (TIF) subsidies and General Services Support Estimate (GSSE) - the latter being mainly directed to resource management as a percentage of the overall value of catch.

Of least benefit to fishers is support to variable 'income inputs, like bait or fuel (although this is most likely to increase fishing effort Support to fixed). Inputs like vessels is also likely to increase fleet capacity, but are usually not shared by new fishers, he said.

Support to management, infrastructure and R&D are least likely to increase capacity or effort, meanwhile.

Martini told audience members the OECD can help governments eliminate subsidies in ways Without it being detrimental to the industry.

"We want to help countries match the policy. So again, this is really about developing best practices in policy design and policy implementation said Martini.."

Oct. 1, 2018 PM 2:26

By Louis Harkell

Kontali: Global wild salmon harvest set to be near record in 2018

This year s global wild salmon harvest "is set to be one of the largest on record according to, Ragnar Nystoyl, head of analysis at Kontali Analyse.

Kontali estimates global wild salmon production will surpass million metric 1 tons in 2018 on the back of a near-record, harvest in Russia, and despite a relatively poor harvest in the US (see table). 

Read more

This year, Kontali estimates production of 1046500t, up compared with 2017. Russian production 13% is set to be up a massive 74%, to 613000t, according to Kontali.

But there might not be an equivalent increase in supply on the market due to the difficulties Russian producers had freezing and storing salmon, said Nystoyl.

"A notable share of the [Russian] catch volume will never reach market in Russia," he said. "In terms of supply which actually ends up in the market, we expect the volume in the market will be somewhat lower"

As regards the US industry, which saw production drop 33% Y-o-Y to 315000t, he said in a historical term it s quite low "," especially in terms of pink salmon ".

Oct. 1, 2018 PM 3:04

By Tom Seaman 

Sackton downplays risk of SHIV to shrimp production, says not in India

As shrimp hemocyte iridescent virus (SHIV) is detectable in broodstock, it should not cause such an issue for shrimp production as early mortality syndrome (EMS), said John Sackton, publisher of <i> Seafood News</i> .

SHIV started in China and the industry in Vietnam is also on alert for it. There is no sign of SHIV in India, where farmers are facing conventional diseases, said Sackton.

Read more

As SHIV can be picked up at this stage, shrimp with SHIV should not get put in ponds, he said. The farming industry has also adopted better biosecurity since the EMS crisis, said Sackton.

"EMS forced a major change in shrimp aquaculture, he said.

Oct. 5, 2018 Am 9:53

By Louis Harkell

Link between El Nino squid catch still inconclusive

It is still unclear whether El Nino can be linked to a drop in catch of Argentine shortfin squid, <i> Illex argentinus</i> , one of the world s largest commercial squid species. "

In 2009 and 2016, El Nino events coincided with huge slumps in catch of Argentine shortfin, said Graham Pierce, senior researcher at National Research Council. Many identified El Nino as the reason for the drop in squid populations.

Read more

However, the correlation does not exist prior to 2009 and 2016, said Pierce.

The correlation between El Nino and catch of jumbo flying squid, <i> Dosidicus gigas</i> , appears more convincing (see graph).

Other factors could also be at play, such as abundance of prey squid feed on, change in temperatures, or overfishing. Even rainfall has been identified as a possible factor behind catches of octopus in Gulf of Cadiz and Galicia.

"We can get reasonably good prediction of octopus abundace [from rainfall]. It explains almost 90% of variation of annual catches, he said (see graph below).

Forecasting catch of squid and other demersal species remains a challenge, but such models and scientific studies can potentially help, he said.

Oct. 1, 2018 4:57 PM

By Tom Seaman 

Rabobank exec highlights surge in Russian cod exports to EU

Russian cod exports passed $600 million in value in 2017 up from $200m the, previous year, said Gorjan Nikolik, of Dutch lender Rabobank.

Although Russian cod sales to China for processing and re-export increased, the massive growth came from the EU, according to the data.

Read more

Nikolik also presented data showing how the bulk of Russian Pollock still goes to China for processing, but he also predicted this will change, with the country s fleet and plant rebuilding plan. "

There will be more focus on fresh and single frozen products and less on double frozen fillets from China he said. [Russian companies] will no "They longer need the Chinese value-chain"

Oct. 1, 2018 Am 10:14

By Tom Seaman

Tilapia, Pangasius producers likely to up focus on China

China 's tilapia farmers are likely to have to turn more to the domestic market, due to tariffs on sales to the US, said Gorjan Nikolik, of Dutch lender Rabobank.

With US tariffs on tilapia fillets of place and the possibility 10% in of 25% from the start of next year, suppliers have an issue being competitive in the US market, he said. Also, China s tilapia producers buy feed 'using US soybeans, on which China has placed a 25% tariff. Of course, this will add to their costs and make them even less competitive in the US, he said.

Read more

Vietnam 's Pangasius farmers are also upping their focus on China, as sales to the EU and US have dropped. This is likely to lead to market issues in China, but this has not happened yet, said Nikolik.

"Both Pangasius and tilapia will be focused on China. The EU and US have diminishing interest in these freshwater species"

Oct. 1, 2018 Am 9:53

By Louis Harkell

EU 's cod fishing access near Norway, Iceland in doubt after Brexit?

Norway and Iceland face collateral complications of Brexit in their relationship with the EU, as duty-free access to the UK market will no longer be guaranteed, said Torben Foss, director/attorney at law at PwC Seafood.

When Norway and Iceland negotiated their relationship with the EU as part of the European Economic Area (EEA), Foss said EU access to fishing zones and quotas was a key part of the negotiation.

Read more

"The EEA negotiations were very tough. Norway and Iceland had ambition to get access free to the European market," said Foss. "In return, the EU said we should give them tons of COD quota 90000 metric in free economic zones"

Through compromise on both sides, Iceland and Norway eventually ceded 11000t of COD quotas to the EU. In return, Iceland and Norway got duty-free access to the EU internal market.

"But after 30th March, we will still give these 110000t to the EU, but what will we know about the customs duties to the UK?"

Foss preceded his comment with a lecture in history as a way of predicting what will happen with seafood trade in the current hostile trade environment, with a particular focus on the US-China trade war and Brexit.

Among several historical events he referred to, he pointed to England "s Navigation Act of 1651 which he said played, some part in England s loss of the American colonies."

Oct. 1, 2018 Am 9:41

By Tom Seaman

"UK outside EU will never disregard ICES' advice '

There is a lot of talk around what will happen on fish quotas after the UK leaves the EU.

One question to panelist Torben Foss, a director of PriceWaterhouseCoopers seafood division in Norway ", was around the fear that the UK could unilaterally set much higher quotas for fish in the North Sea.

Read more

"The UK outside the EU will never disregard the advice of ICES [International Council for the Exploration of the Sea]. I do not see dangers in Brexit, on the biological side," he said. There will, of course, be a tough debate around quotas after the EU goes it alone, however.

"On the sharing of the quotas, there will be a discussion and Norway may end up on the losing end he said. Even though," Norway will be keen to retain access to UK waters, the country will also want to keep trade routes for COD and other fish open.

"I am no longer in the Norwegian civil service, but I would assume they would continue the same regime as long as they continue to have access to the UK market for COD he said.."

Oct. 1, 2018 Am 9:14

By Tom Seaman 

"Worrying" increase in overfishing must be reversed to change global media narrative

On the way to Vigo, Manuel Barange, of the United Nations Food and Agriculture Organization (FAO), read a disturbing misuse of his organization on the Australian Broadcasting 's data Corporation' s website.

"I read on the ABC website that 90% of the world s stocks have collapsed", according to the FAO, "he said. Of course, this isn 't accurate.

Read more

However, the latest FAO data shows a "worrying" increase in the number of overfished stocks, said Barange, director of the FAO s fisheries and aquaculture policy and 'resources division.

The latest FAO data, to 2015, shows an increase in the amount of stocks that are overfished at 33.1%. The quantity of stocks which are "maximally sustainably fished", a new FAO term, is at 59.9%.

Then, 7% of stocks are under-fished. "It" s hard to communicate information to people who do not want you hear what you are saying, "said Barange, of the ABC story.

However, "this trend [of increased overfishing] is growing, and we need to stop it", "If he said. we do not change the figure, we will not change the narrative. The forecasts wild fish" FAO production will stay stable, but aquaculture will cover the gap between supply and demand.

"Fish consumption, production and trade will grow in coming decades. Aquaculture will fill the large hole in supply and demand and prices will decrease in real terms said Barange.."

See some slides from the presentation backing this up below.

Contact the authors [email protected] , [email protected]