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.
An aerial drone photo shows an ecological marine cage breeding area in Rongcheng City, east China's Shandong Province. As a province noted for its major marine fishery economy, Shandong has been actively building marine farms in recent years, aiming to continuously enrich the "blue food depot."
To date, Shandong has built 139 "marine farms" at or above the provincial level, including 71 at the national level, or 38 percent of the country's total at the level. The province now boasts an integrated industrial chain for marine fishery that ranges from aquaculture, fishing to intensive processing.
Workers package sweet shrimp products at Shandong Meijia Group Co., Ltd. in Rizhao City, east China's Shandong Province.
The output of marine aquatic products in Shandong reached 8.25 million tonnes with an added value exceeding 100 billion yuan (about 14.09 billion U.S. dollars) in 2024, topping among all regions at the provincial level in the country. (Photo by Li Xinjun/Xinhua)
More than 60 countries begin negotiations today at ICCAT on the allocation of tuna catches in the Atlantic and Mediterranean for the 2026-2028 period
The Spanish bluefin tuna fleet enters a crucial week in Seville, where more than 60 countries are negotiating within the International Commission for the Conservation of Atlantic Tunas (ICCAT) on the allocation of tuna catches in the Atlantic and Mediterranean until 2028. The meeting, which will continue until November 24 in a hybrid format, has one clear focus: the upward revision of the bluefin tuna quota, an emblematic species whose recovery has been supported by the organization's own scientific reports.
It will be held on November 24 at the MAPA headquarters in Atocha, Madrid
The Biodiversity Foundation, together with the Ministry of Agriculture, Fisheries and Food (MAPA), will hold a commemorative event on November 24 to mark Aquaculture Day, focusing on the importance of R&D&I to promote the sustainability of the sector. It will take place at the MAPA headquarters in Atocha starting at 10:00 a.m. During the event, the 24th JACUMAR Aquaculture Research Award will be presented.
Since 2012, promoted by the Spanish Aquaculture Observatory of the Biodiversity Foundation (OESA) and in coordination with the Spanish Aquaculture Society (SEA), Spain has celebrated Aquaculture Day on November 30.
Source: iPac.aquacultura | Read the full article here
The annual meeting of the General Fisheries Commission for the Mediterranean in Málaga has delivered progress on vessel transparency but leaves major enforcement gaps, according to the Med Sea Alliance and its members Oceana and The Nature Conservancy
Countries agreed to require International Maritime Organisation numbers for vessels over 20 metres, a permanent and cost-free identifier intended to improve traceability and curb illegal, unreported and unregulated fishing.
Campaigners said the move helps but still excludes much of the fleet.
The big Portuguese retail group Jerónimo Martins Agro-Alimentar, S.A is investing around £12m in Norwegian farming company Norcod.
Norcod will issue a total of 12,707,454 shares to the retailer, raising gross proceeds of NOK 157m.
The subscription price in the Private Placement will be NOK 12.375 per new share.
The proceeds from the Portuguese private placement will be used to finance Norcod’s further acceleration of its growth strategy. Completion of the private placement is subject to a Norcod extraordinary general meeting.
It will also give the Portuguese giant an 18% stake in one of Norway’s main cod farmers.
Author: Vince McDonagh / Fish farmer | Read the full article here
The Sea-Fisheries Protection Authority (SFPA) recently issued an Information Notice to industry on new USA import restrictions for salmonids and spiny lobster. The Information Notice was issued in relation to technical requirements for Irish companies trading with the USA in an evolving third country regulatory environment.
The USA Authorities have informed the Department of Agriculture, Food, and the Marine (DAFM), and the SFPA, that from the 1st of January 2026, salmon from an aquaculture source, and spiny lobster, cannot be exported from Ireland to the USA.
Chilean salmon venture BluGlacier has joined the National Fisheries Institute's (NFI) Sushi Council, adding another member to the newer but growing organization.
The council is a precompetitive organization hosted by NFI to support the U.S. sushi industry. The organization includes stakeholders from across the sector, including growers, harvesters, processors, importers, distributors, retailers, and foodservice operators. Launched in 2024 with 26 founding members, the council has continued to bring more companies involved in the sushi value chain into its fold.
Launched as a joint venture between Chilean salmon-farming firms Salmones Blumar and Ventisqueros in 2016, BluGlacier helps provide pathways for U.S. buyers to access Chilean salmon.
Author: Nathan Strout /SeafoodSource | Read the full article here
Fish are sought-after marine ingredient for aquafeed
Peruvian authorities have announced that the quota for the second anchovy fishing season in the North-Centre of Peru is bigger than first guided, at 1.63 million tonnes.
Oil-rich anchovies are regarded as the gold standard for inclusion in feed for salmon and other farmed fish.
Source: fishfarmingexpert | Read the full article here
Proximar on track for biomass target as refinancing strengthens balance sheet.
Proximar Seafood reported a further ramp-up of production at its land-based salmon facility in Japan in the third quarter of 2025, and said it remains on track to reach a year-end biomass target of around 2,000 tonnes live weight.
The company harvested 356 tonnes HOG in the quarter, taking total harvest volume since September 2024 to 1,200 tonnes HOG. The superior share in the period was 99.2 percent, with survival in grow-out, including incidents, above 99 percent.
Source: SalmonBusiness | Read the full article here
The European fishing industry association, Europêche, met with Maria Martin-Prat, Deputy Director-General of the European Commission's Directorate-General for Trade (DG Trade), and her team responsible for Asia and trade policy coordination. The dialogue focused on ensuring fair market conditions for EU seafood producers in the ongoing trade negotiations, especially with Thailand and North Atlantic partners, and on ensuring that trade liberalization does not undermine the competitiveness, sustainability, and social standards of the fishing sector.
Source: Industrias Pesqueras | Read the full article here
Russian Total Catch of Aquatic Resources Exceeds 4.1 Million Tons Russia Fed.
Russia is approaching the 4.2 million tons mark in its total catch of aquatic bioresources, according to the industry monitoring system of the Federal Agency for Fisheries (Rosrybolovstvo).
The catch...
SOUTH KOREA
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CHINA
SPAIN
More than 60 countries begin negotiations today at ICCAT on the allocation of tuna catches in the Atlantic and Mediterranean for the 2026-2028 period.png)
It will be held on November 24 at the MAPA headquarters in Atocha, Madrid
The annual meeting of the General Fisheries Commission for the Mediterranean in Málaga has delivered progress on vessel transparency but leaves major enforcement gaps, according to the Med Sea Alliance and its members Oceana and The Nature Conservancy
NORWAY
Norcod
UNITED STATES
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The council is a precompetitive organization hosted by NFI to support the U.S. sushi industry. The organization includes stakeholders from across the sector, including growers, harvesters, processors, importers, distributors, retailers, and foodservice operators. Launched in 2024 with 26 founding members, the council has continued to bring more companies involved in the sushi value chain into its fold.
PERU
Fish are sought-after marine ingredient for aquafeed
JAPAN.png)
Proximar on track for biomass target as refinancing strengthens balance sheet.
EUROPEAN UNION
The European fishing industry association, 
