IN BRIEF - Wholesale Prices of Norwegian Mackerel in South Korea
SOUTH KOREA
Thursday, October 03, 2024
As of October 2024, the volume of frozen mackerel imported up to September was 33,926 tons, nearly identical to the 33,927 tons imported in 2023. The domestic distribution price has shown a steady upward trend, with the average import price of frozen mackerel by September 2024 standing at USD 2.17/kg.
Norwegian mackerel accounted for the largest share of imports, with 27,941 tons, representing 83.3% of the total.
The average import price for Norwegian mackerel was USD 2.23/kg. Chinese mackerel made up 10.9% of imports, with 3,645 tons and an average price of USD 1.97/kg. Taiwan contributed 1,352 tons, making up 4.0% of imports, at an average price of USD 1.48/kg. Additionally, 611 tons were imported from the Netherlands.
In the first week of October 2024, the wholesale price for Norwegian frozen mackerel, size 300/500g, reached 99,000 KRW, a 2.06% increase from September's price of 97,000 KRW, and a significant 57.14% rise from 63,000 KRW in December 2023.
For size 400/600g, the price was 98,000 KRW, a 1.03% increase compared to September 2024 and a 44.11% rise compared to 68,000 KRW in December 2023. The price of Norwegian mackerel is expected to continue its upward trend in the near future.
A Galician trawler, flying the Spanish flag and based in the port of Vigo, has found the body of a man caught in its fishing gear while operating in international waters off Argentina’s Exclusive Economic Zone (EEZ).
According to sources in the sector consulted by Europa Press, the discovery was made on Wednesday, when the crew hauled in the net and found the lifeless body, which may belong to a man of Chinese origin.
A large number of vessels are currently operating in the area, including several Galician boats, although most are Chinese squid jiggers, engaged in squid fishing.
Sources from the Galician Regional Ministry of the Sea (Consellería do Mar) told Europa Press that, for the time being, the vessel continues fishing in the area and is awaiting authorization to transfer the body, in accordance with established protocols.
The Newfoundland fishing grounds have always been a tough, treacherous, and unforgiving area. A rich fishing ground that the Galician fleet has historically managed to navigate, even with the first large vessels, which were rudimentary in their navigation systems and accommodations, and which often brought the worst news for those waiting on land.
It is an area prone to ice formation, which is why the ships must be equipped to withstand not only blocks of ice at sea, but also the enormous weight of the ice that accumulates on the deck and must be broken off by force. And this Thursday, the Grand Banks of Newfoundland are showing their teeth, and will continue to do so for several days.
Author: Lara Graña / Faro de Vigo | Read the full article here
The multinational salmon farming company Mowi closed 2025 with a record harvest volume of 559,000 tons, driven by growth in Norway and Chile, along with a significant improvement in operating costs.
Mowi ASA, the world's largest salmon producer, reported its trading update for the fourth quarter of 2025, highlighting a record annual harvest and solid financial performance across its global value chain.
During Q4 2025, the company recorded a total salmon harvest of 152,000 tons (GWT), exceeding its previously provided market guidance.
Shamim Nyanda, community manager for the forthcoming Women in Ocean Food Africa venture studio, explains her dedication to empowering the continent’s female blue food entrepreneurs.
Following a joint degree in social sciences and education, Nyanda ventured into activism, with a focus on climate, but soon realised that something was missing.
Nyanda’s new role involves running the latest of Hatch Blue’s global innovation studios, following the success of similar women-focused initiatives in Asia and Latin America.
The year-long programme aims to connect 12 women-led teams that are working in Africa’s blue economy with investors, experts and mentors – something that Nyanda understands the need for only too well.
Author: Rob Fletcher / The Fish Site | Read the full article here
After 16 years’ service as CEO of the Scottish Pelagic Fishermen’s Association (SPFA), Ian Gatt CBE has announced his intention to retire from the role, which has resulted in the SPFA Board appointing well-known Scottish fishing industry figure, Hannah Fennell, as CEO Designate.
Hannah Fennell joins SPFA as CEO Designate on 3 February and will work closely alongside Ian Gatt for the next 12-18 months to familiarise herself with the role before then taking over as CEO.
Ian Gatt (64) has steered SPFA through a challenging period for the Scottish pelagic fishing industry, including international disputes over quota shares and increasing regulation affecting the sector.
Sydney, Australia opened a new AUD 800 million (USD 538 million, EUR 459 million), 26,000-square-meter fish market on 19 January in what it called a “major milestone” for the country’s seafood industry.
The new market, located on Sydney Harbour, was designed by 3XN GXN Architects and the New South Wales (NSW), Australia government called the new building “the world’s best fish market” in a release. NSW said it is now the third major landmark on the harbor’s waterfront, located alongside the Sydney Opera House and Harbour Bridge.
Author: Haley Jones / SeafoodSource | Read the full article here
Myanmar earned more than US$278.9 million from fishery exports during the first nine months of the 2025–2026 financial year (April–December), according to the Department of Fisheries.
Over 227,000 metric tonnes of seafood were exported to more than 40 countries, including China, Thailand, Bangladesh and Japan, through both maritime routes and land border trade channels.
Of the total volume, more than 113,500 metric tonnes were shipped by sea, generating an estimated US$177.5 million. A further 114,000 metric tonnes, valued at about US$101.36 million, were exported to neighbouring countries via land borders.
In the previous 2024–2025 financial year (April 2024–March 2025), Myanmar’s fishery exports totalled around 400,000 metric tonnes, earning approximately US$421 million.
Key export products include hilsa, rohu, river catfish, seabass, eel, shrimp and crab, according to the Myanmar Fisheries Federation. The sector is supported by more than 140 cold storage facilities nationwide, with
The MSC's 2025 yearbook confirms that half of the global catch is already certified, but warns of the challenge of extending management agreements and fishing strategies in shared fisheries.
The tuna market is experiencing a quiet acceleration: more traceable product, greater demands for sustainability from large retailers, and a notable increase in the certified supply for consumers. The Sustainable Tuna Yearbook 2025, published by the Marine Stewardship Council (MSC), quantifies this trend and paints a picture of an industry in transition
The Minister of Rural Affairs, María José Gómez, has asked the Minister of Agriculture, Luis Planas, what additional "control measures" will be implemented to enforce the agreement between the EU and the Mercosur countries. She made these remarks prior to the Sectoral Conference on Agriculture and Fisheries and the Advisory Council on Agricultural and Fisheries Policy for Community Affairs, which she attended remotely, as did her counterpart in Fisheries, Marta Villaverde. As reported by Europa Press, the Minister of Rural Affairs noted that livestock farmers are demonstrating in Galicia and other regions "because it is an agreement that is causing great concern and uncertainty in the sector."
Source: La Voz de Galicia | Read the full article here
Japanese seafood giant, the Nissui Corporation, has announced a series of changes to its board of directors and executive officers, following a resolution at a board meeting held on 19 January.
The company said chairman of the board Shingo Hamada will retire from his role as representative director upon the expiry of his term as a director. His retirement is scheduled to take effect at the conclusion of Nissui’s 111th ordinary general meeting of shareholders on 25 June.
Source: SalmonBusiness | Read the full article here
SOUTH KOREA
.png)
SPAIN.jpg)
CANADA
The Newfoundland fishing grounds have always been a tough, treacherous, and unforgiving area. A rich fishing ground that the Galician fleet has historically managed to navigate, even with the first large vessels, which were rudimentary in their navigation systems and accommodations, and which often brought the worst news for those waiting on land.
NORWAY.png)
The multinational salmon farming company Mowi closed 2025 with a record harvest volume of 559,000 tons, driven by growth in Norway and Chile, along with a significant improvement in operating costs.
TANZANIA.png)
Following a joint degree in social sciences and education, Nyanda ventured into activism, with a focus on climate, but soon realised that something was missing. 
UNITED KINGDOM
After 16 years’ service as CEO of the
AUSTRALIA
Sydney, Australia opened a new AUD 800 million (USD 538 million, EUR 459 million), 26,000-square-meter fish market on 19 January in what it called a “major milestone” for the country’s seafood industry.
MYANMAR_svg(6).png)
Over 227,000 metric tonnes of seafood were exported to more than 40 countries, including China, Thailand, Bangladesh and Japan, through both maritime routes and land border trade channels.
WORLDWIDE
The MSC's 2025 yearbook confirms that half of the global catch is already certified, but warns of the challenge of extending management agreements and fishing strategies in shared fisheries.
The Minister of Rural Affairs, María José Gómez, has asked the Minister of Agriculture, Luis Planas, what additional "control measures" will be implemented to enforce the agreement between the EU and the Mercosur countries. She made these remarks prior to the Sectoral Conference on Agriculture and Fisheries and the Advisory Council on Agricultural and Fisheries Policy for Community Affairs, which she attended remotely, as did her counterpart in Fisheries, Marta Villaverde. As reported by Europa Press, the Minister of Rural Affairs noted that livestock farmers are demonstrating in Galicia and other regions "because it is an agreement that is causing great concern and uncertainty in the sector."
JAPAN
Nissui announces board and executive changes.
