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"Weekly" global seafood market trends, price trends and policies full analysis of crustaceans international news Crustaceans international news

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The canadian snow crab spot shortage price has risen sharply, above the average for the past five years

India received a large number of orders from China in May, and the shrimp factory resumption rate increased

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Norwegian salmon prices rose slightly, frozen fish prices fell, and exports all fell

Foodie Gospel! The Shanghai International Tuna Trading Center was established, and the market sales price is expected to be reduced by 30%.

Despite the shortage of raw materials, H&amp;G cod and haddock prices have declined due to food and beverage closures

Affected by COVID-19, the International Forum on Benthic Fishes has been rescheduled to 2021

China's orders are small and demand is low, and the Vietnamese basa fish market continues to be sluggish

Falling prices for tuna and cod cost French Sapmer 8 million euros

As a result of damage to the culture centre, Kamanchaca lost 2 200 tonnes of salmon

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FOOD & Agriculture Organization of the United Nations(FAO): COVID-19 highlights the fragility of the seafood supply chain, and cooperation to revitalize the industry requires a total effort

COVID-19 has brought a dramatic change to the seafood market, with frozen processed seafood favored

Despite U.S. threats to impose tariffs, it is unlikely that we will consider lowering the current 32 percent tariff on U.S. lobsters

Norwegian seafood exports fell for the second consecutive month

Food and Agriculture Organization of the United Nations: Global aquaculture production continues to set new records

As of last week, Fish catch in Russia continued to increase to 2.16 million tonnes, up 5.5% year-on-year.

The canadian snow crab market price rose sharply earlier this week. Spot supply is reported to be short, and market demand continues from active to active. All dimensions were adjusted and some higher products and sales were recorded.

Large-sized crabs of 8 ounces and 10 ounces and above are still in the tightest supply compared to 5-8 ounces. The price difference between 5-8s and 8s and then 8s-10s is still large, similar to the last two years. This scenario is uncertain before entering the season, but so far, premiums for 8s over 5-8s and 10s over 8s continue.

Current prices, the current 5 to 8s are above the five-year average. However, current prices are still well below the three-year average of 5-8s, but are starting to trend above the 2017 level.

Since the beginning of the season, prices have been above the five-year average in Zones 8 and beyond the St. Lawrence Bay and are now trending above the three-year average. The 10s crab has remained above the three- and five-year averages. Year-to-date, imports from outside Canada have fallen by 60.7 per cent compared to 2019. In addition, Canada's imports fell by 60.4% compared to April 2019.

Traders recently told the media that the Indian shrimp industry has gradually recovered from the COVID-19 pandemic and more workers are returning to the processing plant, but the impact on production and exports this year will be severe.

A shrimp trader in Gujarat said last week that the workforce at processing plants in the region was about 40 percent of what it was before the coronavirus outbreak compared to before the coronavirus outbreak.

Since late March, the Indian government has imposed lockdown measures, leaving millions of Indian workers stranded in big cities. The trader said that although restrictions on the fishing sector have been lifted since early April, many have chosen to walk home rather than go back to work.

Another trader with knowledge of the state situation said the factory's labor problems have been improving since early May.

From 24 March to the end of April, there was a severe shortage of workers in Andhra Pradesh, with only 25% of the average demand available to manpower. But since May, the workforce has grown by about 30 percent in areas at high risk of exposure to coronavirus, and 60 percent in other low-risk areas.

According to data released by the Norwegian Seafood Council, Norwegian exports of fresh and frozen salmon declined in both week 23.

However, the export price of fresh salmon has risen, and the export price of frozen salmon has fallen

Salmon production fell 18 percent from 16,358 tonnes last week to 13,495 tonnes, but increased by 6 percent year-on-year. Last week, the average export price of the product rose from NOK 64.32 per kg (US$6.85) to NOK 69.15 per kg, up 12% year-on-year.

In addition, salmon exports decreased in week 23. Export volumes fell slightly to 1,868 tonnes from 1,927 tonnes and the average export price rose slightly to NOK 107.8/kg, up 1.4 per cent from NOK 106.26 in the previous week.

With regard to frozen salmon, export volumes and prices remained stable at week 23. China exported 344 tonnes in the 23rd week, 1 tonne less than the previous week, but up 10% year-on-year.

The price is NOK 58.58/kg, slightly lower than the 22nd week of NOK 58.65/kg, but still 8% below the same week's level in 2019.

Exports of frozen salmon fillets reached their lowest level since the beginning of the year. Volume fell from 1,229t to 806t, down 34% week-on-week. However, the price rose from 108.81 NOK/kg in week 21 to 109.43 NOK/kg in week 22.

Officially inaugurated this week at the Shanghai Hengsha International Fishing Port, the China International Tuna Trading Centre is known to have four ultra-low temperature production lines with an annual processing capacity of 5,000 tons of ultra-frozen tuna.

Located just 30 minutes from downtown Shanghai, the plant is an ultra-low temperature cold storage at minus 60 degrees Celsius, which can store up to 2,000 tons of tuna storage and preserve the taste and quality of tuna to the greatest extent, and will also process 500-800 tons of refrigerated tuna products.

The establishment of the trading center will greatly reduce the intermediate trading links and distances that were once there, and it is expected that the price of tuna on the public's table will be reduced by about 30%.

Sources said that due to the impact of the new crown pneumonia epidemic, Chinese processors have experienced order shortages in food services, so the price of head-to-head offal (H&amp;G) cod and haddock has come under pressure.

The 1-2 kg H&amp;G cod favored by the Chinese processing industry is priced between US$3,650 and US$3,900 per metric ton, depending on the source, down from US$4,500/ton before the impact of the epidemic began to appear at the beginning of the year, the sources said. Sources in China, Europe and the United States said that at the same time, the price of H&amp;G haddrock fell from $3600 / ton at the beginning of the year to 2700 - 2900 us dollars / ton.

The average price of frozen cod was NOK 35.34/kg (S3,67/kg) at week 23, lower than NOK 45.37/kg (US$4.71/kg) in week 14. For haddock, the average price given by the export datia at 23 weeks was 28.35 NOK/kg ($2.94/kg), down from 36.86 NOK/kg ($3.83/kg) at 14 weeks.

Organizers announced on June 10 that the International Forum on Benthic Fishes has been postponed to 2021 due to the coronavirus crisis.

The twenty-ninth session of the Forum, a meeting place for members of the Global Benthic Fish Sector, will now be held in Seattle, Washington, USA, from October 12 to 14, 2021.

Sources said that Vietnam's basa fish farming industry is currently in a difficult period, and a good US market cannot offset the low demand in the European Union and China, resulting in the continued low price of basha fish.

According to the Vietnam aquaculture portal Tep Bac Company, farm prices have not exceeded VND 20,000 (USD 0.86) per kg since the start of 2020 and are currently stable at VND 18,300 per kg.

Sources said that sapmer's current days on the tuna side will be tough due to the pricing situation.

While bonito prices plunged in the second half of 2019, they subsequently recovered during the annual phase of the outbreak due to strong demand for canned products in a wave of panic shopping in Europe and the United States. Since then, however, they have dived as demand has fallen and fishing has been good, as the price section of the Undercurrent data portal shows.

In the heart of Bangkok, Thailand, bonito prices are still falling. However, the level of Ecuadorian Manta has stabilized. Sources told Undercurrent that the price of a full-circle springboard for C&amp;F Bangkok's June delivery was about $1,200/metric ton, down from $1375-1400/ton in May. Meanwhile, Manta's ex-factory price stabilized at $1,100/ton, down from $1,250-1,300 in April.

The drop in bonito prices in Bangkok and Manta is partly responsible for the dive in yellowfin prices over the past month. Sources said that the decline in demand for food services and good catches were also one of the reasons for the dive in the price of yellowfin fish.

Sources said the price of 10-15 kg of frozen round yellowfin tuna shipped to Spain in canned goods was between 1800-1850 euros / ton, down from 2350 euros / ton in early May. According to media data, the last time the price was in this range was in June 2015, when the price fell to 1700 euros / ton, which dates back to the beginning of 2012.

An important fact reported by Salmanes Camanchaca is that the Atlantic salmon harvest was reduced by 2,200 tonnes due to damage to a facility in May, accounting for 4% of total annual production in 2020.

The company recalled that from May 18 to 22 this year, very unusual weather conditions in Chaiten affected one of our breeding centers, called "islets", which affected its structure, which consisted of two modules, each consisting of 12 cages, each with 12 cages. The initial fish were 1,765,776, with an average of 2.6 kg per fish".

In this regard, the company noted that after completing today's work, fish were transferred from the most affected module to another, including 536531 fish. The incident resulted in the deaths of 387,837 fish, or 22 per cent of the initial stock at the Islotes Centre.

According to the appendix to the recently released Food and Agriculture Organization of The Food and Agriculture Organization (FAO) SOFIA 2020 Report, the fisheries and aquaculture food supply chain is experiencing an unparalleled shock due to COVID-19.

At a webinar held by the Food and Agriculture Organization of the United Nations on 8 June, FAO Director-General Qu Dongyu confirmed the findings and said THAT COVID-19 shows that we need to accelerate our efforts to "achieve sustainability at all levels, and fisheries management is critical." He added: "This is the only way to achieve sustainability." COVID-19 highlights the extreme vulnerability of both the fisheries and aquaculture value chains, particularly in developing countries. FAO believes that the far-reaching socio-economic consequences of COVID-19 will make FAO's work to tackle hunger and poverty even more daunting. "The outbreak of the disease has also had a negative impact on trade between major importers and exporters in 2020," the report said. ”

Market research consultancies have been working hard to assess viable lifestyles and trends that have emerged in China as a result of the coronavirus lockdown.

Even as Chinese at home shift to convenient cooking and takeout (even before the coronavirus epidemic in major Chinese cities), market research consultants interviewed by SeafoodSource appear to be divided over the range of opportunities to freeze and process seafood in the Chinese market.

Recent company financial reports show the main potential of China's frozen and processed seafood industry. Fujian Anle Food Co., Ltd., a leader in the frozen and processed seafood sector, increased its profit by 17% in the first quarter of 2020 to RMB1.2 billion (US$168 million, EUR 156 million), while profit increased by 35% to RMB88 million (US$12.3 million, EUR 11.4 million). Fujian Anyue's gross profit margin was 28.6%, an increase of 2.8 percentage points year-on-year.

On Friday, June 5, at a meeting with commercial lobsters from the U.S. state of Maine, U.S. President Donald Trump threatened to impose new tariffs on imported Chinese and European Union goods if they did not remove tariffs on U.S. lobsters.

At the meeting, Trump appointed Peter Navarro, director of the U.S. Office of Trade and Manufacturing Policy, to study other Chinese and European products that have increased tariffs to urge Beijing to remove all tariffs on U.S. lobsters.

"If the EU doesn't lower the tariffs immediately, we're going to impose tariffs on their cars, which will be equivalent." Observe how quickly such tariffs are. Trump said while discussing the issue at a roundtable in Bangor, Maine.

On the same day, Reuters reported that neither the EU delegation to Washington, D.C. nor the Chinese embassy immediately responded to Trump's threats.

On Tuesday, June 9, however, the former president of the China Academy of International Trade and Economic Cooperation and deputy director of the China WTO Study Association in Beijing said China would not lower its lobster tariffs on the United States.

The former president of the China Academy of International Trade and Economic Cooperation told China Daily: "With just one idea put forward by the United States, it is impossible for China to re-examine its tariff policy."

In response to several rounds of tariffs imposed by the Trump administration on Chinese goods since 2018, China has imposed incremental tariffs ranging from 25 percent to 40 percent on most seafood imported from the United States. Since then, the volume of U.S. lobster exports to China has plummeted by 65 percent. China's decision to lower tariffs on Canadian lobsters accelerated the decline. Currently, China's tariff on U.S. live lobsters is 32 percent, putting the U.S. at a major disadvantage against Canada, which imposes a 7 percent tariff on its own live lobsters.

According to China Daily, even though the coronavirus has affected trade and consumption habits, China's appetite for North American lobsters has not waned. Supermarket chain Metro China said lobster sales in its stores soared 51.3 percent year-on-year between January and May, and Chinese e-commerce platform JD.com also reported strong sales of crustaceans.

The former president of the China Academy of International Trade and Economic Cooperation said it should be the first country to start cutting tariffs since the United States launched a trade war.

"If the Office of the U.S. Trade Representative announces more tariff relief for China, China could issue new tariff relief for the United States on the basis of equality and mutual benefit, or the two sides could begin negotiations under appropriate conditions in the future," he said. ”

The deputy director of the China WTO Research Association in Beijing said China believes that the trade war between the two countries should be eased as a whole.

"Negotiations between the two countries are certainly not a one-way street. If U.S. lobster exporters want to further expand their market share in China, then business cooperation between the world's two largest economies should follow commercial principles," Xue said.

The former president of the China Academy of International Trade and Economic Cooperation said that looking ahead, trade negotiations between China and the United States should follow the rules of the World Trade Organization, with the ultimate goal of eliminating unfair trade practices.

"The U.S. should let the leaders of the market and the company make the decision," he said. The government's job is to build a platform for U.S. businesses to enter or expand into foreign markets, rather than using too much executive power to achieve their goals. ”

"Weekly" global seafood market trends, price trends and policies full analysis of crustaceans international news Crustaceans international news

Norwegian Seafood's overseas sales totaled NOK 7.8 billion (US$840.9 million, EUR 745.9 million) last month, down 9% or NOK 764 million (US$824.0 million, EUR 731.0 million) compared to May 2019. This is the second consecutive month of decline in Norwegian export data. Previously, the industry had achieved year-on-year growth for 18 consecutive months.

According to the Norwegian Seafood Council's (NSC) market insight and market access to Tom-Jørgen Gangsø, the decline in exports is largely due to the loss of restaurants in several markets, partly due to the pandemic brought about by COVID-19.

In addition, he said, weakening purchasing power and considerable uncertainty across the value chain and individual markets have affected export values, while freight costs have risen as many airliners that previously carried fresh seafood are now grounded.

The Food and Agriculture Organization of the United Nations (FAO) estimates that total aquaculture production for human consumption will increase by more than 30 percent over the next decade.

According to the latest United Nations Fisheries and Aquaculture Countries (SOFIA) report, global aquaculture production continues to grow rapidly, setting new records, and is expected to grow at a rate of more than 30 percent over the next decade.

The report is the most authoritative overview of the global supply of wild and farmed products, predicting that by 2030 the total production of aquaculture (both food and non-food uses) will reach 109 million tonnes, with an additional 26 million tonnes of the global supply chain of farmed fish.

The United Nations estimates that wild fish production is expected to remain stable at about 96 million tonnes. Total seafood production is expected to increase from 179 million tonnes in 2018 to 204 million tonnes in 2030.

At the same time, global seafood consumption is expected to increase by 18% in 2030 compared with 2018, reaching the level of 21.5 kg per capita.

The Russian News Agency reported on June 3 that the information service of the Russian Federal Fisheries Agency announced that since the beginning of the year, as of June 3, Russia had fished more than 2.16 million tons of various aquatic biological resources, an increase of 5.5% over the same period last year.

Catches in the fisheries waters of the Far East increased by more than 8.2 percent to about 1.56 million tonnes. The catch of mingtai fish is about 1.13 million tons, an increase of 49,100 tons or 4.5% over last year, cod catch is about 85,700 tons, an increase of 9,330 tons, an increase of 12.2%, herring catch is about 118,000 tons, an increase of 11.8 million tons, an increase of 11.1%.

Catch in northern waters increased by more than 2.4 percent to nearly 222,000 tonnes. Cod catch was 154 000 tonnes, down 5.5% year-on-year, while haddock catch was 34,800 tonnes, an increase of 50.7%.

The capture of aquatic living resources in the western waters is about 54,100 tons, an increase of 0.1% over last year. Herring catches were 35,700 tonnes, an increase of 3.5 per cent, while Herring catch in the Baltic Sea was about 14,500 tonnes, a decrease of 6.5 per cent over the same period last year.

Fishing in the fishing waters of the Azov-Black Sea was 32,200 tonnes, down 5 per cent from last year. European anchovy catch increased by 9.7 percent to 19,400 tonnes, while herring catch fell by 90.2 percent to 1,630 tonnes.

Catch in the Volga-Caspian fishing waters increased by 1.5 percent to 31,700 tons. Herring catch was 4640 tonnes, compared to 240 tonnes in the same period last year. Catches of dense-net fish decreased by 23.3 percent to 12,800 tonnes, while catches of freshwater fish increased by 11.2 percent to about 9,900 tonnes.

The Russian fishing fleet caught 257,800 tonnes in foreign waters, convention areas and high seas waters, down 2.8 percent from the same period last year.

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