Crab

Norway: NOK 15.4 Billion Worth of Seafood Exported in October (Nov 3)

Norway exported 110 tonnes of king crab worth NOK 77 million in October. The value increased by NOK 25 million representing 49%, compared to October last year. There is also a growth in the export volume of 7% where the USA, Canada, and the Netherlands were the biggest markets for king crab in October. This impacts king crab exports from Norway, which increased by 37 million indicating 361% to North America, while exports to Asia decreased by 4.8 million.

On the other hand, Norway exported 231 tonnes of snow crab to a value of NOK 33 million in October. The value increased by NOK 33 million and the volume by 230 tonnes. The USA, Canada, and Denmark were the biggest markets for snow crabs in October. Compared to October last year, there is a strong growth in the export of snow crab, as just under 2 tonnes were exported. Extensive inventories and lower demand in the USA have led to a collapse in snow crab prices and a decline in Norwegian exports of snow crab of 66% so far this year.

Egypt: Crab Prices Stabilized in November 5th in the Local Market (Nov 5)

Fish prices stabilized on November 5, 2022, in the local market, according to Mohamed Salehin, a trader in the Dokki region, for “Al-Mal.” The crab prices ranged between 55 and 135 pounds while crab meats ranged between 24 and 86 pounds.

Vietnam: Expensive Foreign Hairy Crabs Still Attract Customers (Nov 5)

Hong Kong hairy crab, China costs 1.4 million VND per kg, 50% higher than Vietnam's specialty crab, still "sold out". As a famous specialty that is only available seasonally in October-December in Hong Kong and Shanghai (China), hairy crabs returning to Vietnam are increasingly popular with the rich despite the sharp increase in prices after the pandemic. The price of hairy crabs at seafood stores in Ho Chi Minh City of 5-6 heads per kg is VND 1.2-1.4 million, up 20% compared to last year and doubled compared to the previous year. For those with a weight of 7-8 fish per kg, the selling price is one million VND, 50% higher than that of Ca Mau crab - a specialty of Vietnam (type 1 costs 500,000-700,000 VND per kg).

Octopus

Vietnam: Seafood Exports in the First 10 Months of the Year (Nov 2)

As of October 2022, exported squid and octopus products have achieved sales of USD 625M, up by about 32%. It is estimated that in 2022, the export of this product will reach USD 734M, up by 22% as compared to 2021.

Salmon

Portugal: Wild Salmon Oversupply Explains the Decrease in Chilean Salmon Imports (Oct 31)

The imports of Chilean salmon into Portugal dropped from late September to mid-October. This is caused by the prices for Chilean salmon, which stood at USD 7.60–7.80/kg, remaining slightly higher than Norwegian fresh salmon, which arrives in Portugal at around USD 7.16–7.26/kg. Along with this, the Portuguese market has recently been flooded with some wild salmon of North American origin, mostly grade 2, a low-quality salmon, which explains the recent decrease in imports from Chile. The CIF prices for wild salmon are much lower and range between USD 6.60-6.80/kg.

Russia: The State Duma Committee Explained Why the Export of Caviar From Kamchatka Was Limited (Nov 2)

The restriction is introduced temporarily, it will be valid from November 1, 2022, to August 1, 2025. In an interview, Renat Suleymanov, a member of the State Duma Committee on Agrarian Issues, explained that the restriction on the export of caviar is necessary in order to save fish populations from poachers. "In recent years, the illegal production of red caviar has sharply increased in our country. A real threat has been created to the population of salmon and other fish for which such fishing is carried out. We have introduced a restriction on the export of caviar precisely in order to limit poaching and its export using air transport," explained Renat Suleymanov.

Russia: For 10 Months of 2022 Fishermen Caught More Than 4.1 Million Tons (Nov 3)

Since the beginning of the year, more than 3 million tons of fish and seafood have been caught in the Far Eastern fishery basin. The volume of production of Pacific salmon reached 270.5 thousand tons.

Norway: Increasing Exports for Salmon in October Reaching Historic Values (Nov 3)

Norway exported 133,105 tonnes of salmon to a value of NOK 10.6 billion in October. The export value increased by NOK 2.7 billion indicating 34%, compared to October last year. There is a growth in the export volume of 5%. Poland, the USA and France were the biggest markets for salmon in October. Salmon exports broke records for a single month where exports were NOK 731 million higher than the previous record month, September 2022.

Turkey: Fisheries and Animal Products That Meet the Protein Needs of the World (Nov 3)

Turkish salmon became the star of aquaculture exports with an increase of 122 percent and 259 million dollars. The salmon export has increased from 3,500 tons to 36000 tons in the last 5 years indicating 10 times escalation. The aquaculture sector will grow by 50-60% in the upcoming period, and all of this momentum will come from salmon. The production of salmon is done in 22 farms in Turkey. With the commissioning of 8 facilities in the Black Sea, the exports will double according to Sinan Kızıltan.

Chile: Pacific Salmon Harvest Is Underway With Available Sizes of 4-6LBS. And 6-9LBS. (Nov 4)

The Chilean Pacific Salmon, also known as Coho Salmon, is a seasonal farmed product from September to March. The harvest season has been ongoing for more than 1 1/2 months. Prices have remained stable, with stock size harvested balanced between sizes 4-6 lb and 6–9 lb (average 50%–50% per harvesting), which is expected for the early/mid-season. Larger sizes of 6–9 lbs and above are expected more in the late season, after January or February, as there is additional time to grow. It is also anticipated that CIF prices for the second half of the season will be slightly higher than the current price, which ranges between USD 7.90-8.10/kg EU in W44.

Chile: Stable Prices of Fresh Fillets of Chilean Trim D Atlantic Salmon in the USA Market (Nov 4)

Once again, the prices for the fresh Chilean Trim D Atlantic salmon fillets in the US market remained stable in W44. FOB Prices in Miami stayed at USD 5.65-5.85/lb for the 2/3lbs and at USD 5.75-5.95/lb for the 3/4lbs. In W44, Chile had a two-day holiday, so there were less days to process salmon, but it did not affect the salmon prices. Forecasts indicate that in W45, Chilean salmon supply will return to "normal" weekly levels, and prices could drop by USD 0.05-0.10/lb.

Seaweed

Brazil: Mapa Signs 166 Water Transfer Contracts From the Union for Aquaculture (Nov 1)

Until October of this year, the Secretariat of Aquaculture and Fisheries of the Ministry of Agriculture, Livestock, and Supply signed 166 contracts for the assignment of use of physical space in bodies of water owned by the Union for aquaculture purposes. The goal was to conclude 140 contracts. The contracts signed have a production capacity of 101,555.86 tons/year, which should generate 10,000 new jobs in the aquaculture sector in Brazil, according to the Secretariat.

Vietnam: Finding Solutions for Sustainable Vietnamese Marine Aquaculture (Now 3)

Mollusks, crustaceans, marine fish, and seaweed play an important role in developing marine aquaculture. In 2021, the total aquaculture production will reach 700K tons, of which mollusks are more than 470K tons, marine fish are 58K tons, lobsters are 2,200 tons, and seaweed is approximately 130K tons. According to the assessment of the Directorate of Fisheries, in addition to the achieved results, marine aquaculture currently has many limitations such as spontaneity, lack of detailed planning; the technical level of the people has not yet met the requirements; Science and technology of seed production are still weak, farming technology and cage system have not yet adapted to weather conditions. Besides, it has revealed many inadequacies in marine environment management and disease control.

Shrimp

Vietnam: Soc Trang’s Farmers Collect Money When Farming Shrimp in Rice Fields (Nov 1)

Soc Trang is a province with a large area of ​​brackish water shrimp farming, with more than 50,000 ha/year, diversified in farming forms, such as semi-intensive, intensive, super-intensive shrimp farming or shrimp-rice-shrimp farming and shrimp-forest. In particular, the shrimp-rice model is considered a sustainable farming model for many households in My Xuyen district (Soc Trang). Therefore, to support local people to develop the shrimp-rice model, and improve the living standards and income of households, the National Center for Agricultural Extension in collaboration with Soc Trang Agricultural Extension Center has implemented the shrimp model rice, with an area of ​​15ha, in 15 households in Ngoc Dong commune, My Xuyen district.

Vietnam: Quang Ninh Province Orients to Develop Sustainable Aquaculture (Nov 1)

In 2019, the first batch of 12 million shrimp seeds was produced by the Vietnam-Australia Group from a factory in the Dam Ha district, helping Quang Ninh to proactively source high-quality seeds, becoming a center for shrimp seeds in the southern region. Currently, the whole province has 19 establishments producing aquatic breeds of all kinds, supplying the market with more than 2.5 billion seeds per year. Removing bottlenecks in breeding stock helps Quang Ninh province's aquaculture take a new step. With the advantage of a coastline of more than 250 km, owning more than 60K ha of tidal flats, mangroves, and 20K ha of straits and bays, Quang Ninh has shifted from aquaculture dependent on nature and extensive farming to focusing on key objects according to industrial processes. In 32K ha of total aquatic area, white leg shrimp accounts for more than 7.5K ha, in addition, there are mollusks (oysters, clams, pearl cultured mussels) 9.5K ha, marine fish (swallows, yellowfins, cobia) 2.2K hectares. Advanced production technology is increasingly being researched and applied by many facilities, bringing high economic efficiency, especially with a shrimp farming model with a yield of over 100 tons/ha/crop. In the first nine months of 2022, Quang Ninh's aquaculture output reached nearly 59K tons, accounting for more than 50% of the total aquatic production, and the farming area doubled over the same period last year.

Vietnam: Seafood Exports in the First 10 Months (Nov 2)

By October 2022, shrimp exports reached nearly $3.8 billion depicting an increase of 19%. Shrimp exports in 2022 are expected to reach over $4.4 billion which is an increase of 14% compared to 2021. The main exported shrimp products are white leg shrimp, accounting for 75% with over $3.2 billion, and black tiger shrimp accounting for about 13% with nearly 1.5 billion USD.

Vietnam: No Worries About Salinity Due to a Complete Coastal Irrigation System (Nov 6)

Investment in the irrigation regulation sewer system Kien Giang is a province with a rotational production model of one rice crop and one shrimp crop (rice-shrimp) growing quite strongly in the Mekong Delta, with a total area of nearly 100,000 hectares. The area of people replanting the 2022-2023 crop on shrimp farming land according to the plan of the provincial Department of Agriculture and Rural Development is 68,450 hectares. In the remaining area, due to the sea border, and long-term shrimp farming, the ground is contaminated with salt, unable to grow rice, farmers grow some salt-tolerant grasses to replace and help treat the environment.

Norway: NOK 15.4 Billion Worth of Exported Seafood in October (Nov 3)

Norway exported 1,446 tonnes of prawn worth NOK 104M in October. The export value increased by NOK 21M indicating 26%, compared to October last year, however, the volume fell by 2%. Sweden, Great Britain, and Finland were the biggest markets for prawns in October. The export of frozen, peeled prawns increased by 31% in value which represents NOK 18M.

Honduras: Shrimp Export Brings $222 Million (Nov 3)

According to the Monthly Index of Economic Activity (IMAE) corresponding to August 2022, shrimp farming has managed to recover its yield after the conditions suffered in the previous months. The aforementioned report also highlights that the first rains this year improved the survival of shrimp larvae, increasing their productivity. Meanwhile, exports of 53.2 million pounds were higher than the 52.5 million pounds sent to the international market in the same period in 2021, an increase of 614 thousand pounds. This volume brought the country 222.3 million dollars in foreign currency, which is significantly more than the 203 million dollars received in the previous year for the same period (+18.6%). The Government of the Republic continues to join forces to support the various production sectors of the shrimp sector through technology bonuses, development projects, and farmer training.

USA: Price of Ecuadorian Shrimp Tails in W44 (Nov 4)

The US remains the top seafood-buying partner of Ecuadorian products, holding a 21% market share of all Ecuadorian shrimp exports. Generally, the US market purchases aggregated value shrimp (PPV, PND, Butterfly Cut, Easy Peel) and HLSO shrimp (Head Less Shell On), also known as tails.

In W44, DDP prices of HLSO shrimp placed at any main port in the US were:

Size 16/20: USD 4.35/lb

Size 21/25: USD 3.75/lb

Size 26/30: USD 3.55/lb

Size 31/35: USD 3.30/lb

Size 36/40: USD 3.20/lb

Size 41/50: USD 3.05/lb

Size 51/60: USD 2.90/lb

Snail

Vietnam: Support Stuffed Snail Farming Model (Nov 4)

In 2022, with the support of the People's Committee of Cam Lo district, the Agricultural Extension Station of Cam Lo district in collaboration with the local government has implemented a model of raising stuffed snails in Nhat Le village, Cam Thuy commune, Cam Lo district. The model is deployed on an area of ​​1,500m2, with 60,000 seeds. During the implementation process, the district Agricultural Extension Station supported 50% of the cost of buying seed and feed. With the "hands-on" method, the technical staff of the Agricultural Extension Station closely followed the model, guiding farmers to understand the technical process and apply care. Size at stocking time is 10,000 fish/kg and after 2.5 months of rearing, snail size reaches 500-600 fish/kg. The snails grow and develop well with no disease and a high survival rate. The model will be a learning experience for households in the area. The implementation of the model will increase the added value per unit area, contribute to the rational restructuring of aquaculture and improve people's income, while taking advantage of agricultural by-products, especially without affecting the surrounding environment pollution.

Squid

Falkland Islands: Largest Loligo Catches Since 1989, but World Conditions Have Changed Dramatically (Nov 4)

Falkland Islands have experienced an extraordinary Loligo year with catches reaching 101,073 tons in the two seasons, 54,417 in the first and 43,216 in the second. However great volumes also have their shortcomings, particularly since Falklands' fishing industry this year has had to face expensive fuel and transport costs, and not all the catch has been sold.

Egypt: Squid Prices (Nov 5)

Fish prices stabilized on November 5, 2022, in the local market, according to Mohamed Salehin, a trader in the Dokki region, for “Al-Mal.” A kilo of “squid, calamari, and sapia” ranged between 120 and 220 pounds while a kilo of squid reached 200 pounds.

Tuna

UK: Tuna Exports to the UK Are Still Difficult to Recover (Nov 1)

According to the Vietnam Association of Seafood Exporters and Producers, from 2021 until now, due to the impact of Brexit and the impact of the Covid-19 pandemic, Vietnam's tuna exports to the UK are unstable and tend to decline. The value of Vietnam's tuna exports to the UK in 2021 only reached nearly 9.3 million USD, down 23% compared to the same period in 2020. Entering 2022, the double impact of the Covid-19 pandemic, plus the impact of the Russo-Ukrainian conflict had an impact on the British economy. Inflation in the UK has risen to a 40-year high and is almost the highest in Europe. The UK's consumer price index rose 10.1 percent from 9.9 percent in August 2022 due to soaring food prices, the Office for National Statistics said.

Vietnam: Seafood Exports in the First 10 Months (Nov 2)

Tuna exports by the end of October were estimated at US$890 million, up 50% over the same period. In 2022, for the first time, tuna will become an export commodity of over 1 billion USD. Taking advantage of domestic and imported raw materials, tuna businesses process diversified products and promote exports of frozen loin/filler and canned fish to markets and flexibly follow market trends in the world.

Madagascar: The Renewal of the Fishing Agreement Will Allow 22 Vessels to Return to Fishing (Nov 3)

The renewal of the fishing agreement between the European Union (EU) and Madagascar will allow 22 Spanish vessels to return to fishing in the waters of this fishing ground in the Indian Ocean. Of these, 16 are tuna seiners that are based mainly in the Basque Country and 6 surface longliners with a port in Galicia, as announced today by the Ministry of Agriculture, Fisheries and Food. This agreement is of great strategic importance for Spanish vessels, both for the surface longline fleet targeting sharks and swordfish, and for the freezer tuna seiners, which catch tropical tuna destined for the canning industry (skipjack, yellowfin, and bigeye) and spend part of their annual cycle in the Mozambique Channel.