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.
According to data compiled by the Miyagi Prefecture Fisheries Co-operative, market values for farmed coho salmon (gin-zake) are currently facing a downward trend. As of May 20, average cumulative prices have dropped by 8%, hitting a low of $5.11 per kilogram (812 Yen).
The recent figures show a clear decline compared to the much higher price ranges recorded during the exact same period in the previous year. Landings are still progressing across key distribution hubs, with the underlying data originating from the combined market locations of Onagawa, Ishinomaki markets, and the Shizugawa operations office.
Industry experts note that all listed unit prices are calculated excluding consumption tax. Despite steady shifting market values, overall aquaculture revenues in Miyagi Prefecture are experiencing pressure due to this ongoing price slump.
At the 33rd annual meeting in Vancouver, Canada, Vladimir Belyaev, Advisor to the Director of the Russian Research Institute of Fisheries and Oceanography (VNIRO), was elected President of the North Pacific Anadromous Fish Commission (NPAFC). This appointment underscores the authority of Russian fisheries science and strengthens the country's role in managing transboundary marine resources.
The NPAFC, comprising five member countries, has established critical objectives for the upcoming term. Key priorities include tracking the migration, abundance, and survival of Pacific salmon. Following below-average catch volumes in 2025, the commission will focus on developing data-driven recommendations to protect vulnerable populations. Additionally, member states will coordinate strict measures to combat illegal fishing across the high seas.
"Conserving salmon stocks cannot tolerate disunity," stated Belyaev. "Sustainability depends on honest cooperation to forecast population dynamics and ensure protection in the convention area."
The measure, approved under the new temporary framework for the Middle East crisis, will cover costs for April and May 2026 and will be open until the end of the year.
The European Commission has approved a French state aid scheme worth €13 million for fishing companies affected by rising fuel prices resulting from the crisis in the Middle East. The decision falls under the temporary state aid mechanism adopted by Brussels on April 29, 2026.
According to information released by the Commission, the French program will cover costs corresponding to April and May 2026 and can be implemented until December 31 of this year.
The project by Itsas Balfegó, a company founded in 2022 by the Catalan firm Balfegó and the research center AZTI, to develop an open-sea aquaculture facility for fattening bluefin tuna in two 50-meter submersible tanks off the coast of Getaria, was officially presented in September 2024, marking the start of its testing phase. This followed a rigorous administrative and scientific evaluation. The initiative involved installing two submersible aquaculture structures 3.69 miles from the port of Getaria (Gipuzkoa), which would be tested during the autumn and winter months before the pilot test for fattening this species began in the summer of 2025. It was already being suggested at the time that if the experience proved positive, they would seek to move to the commercial phase.
Source: iPac.acuicultura | Read the full article here
Peruvian marine ingredients, including fishmeal and fish oil, have reached a new sustainability milestone after Austral Group became the first producer in the country to register the life cycle assessment (LCA) of its products as Branded Data within the Global Feed LCA Institute (GFLI) database.
The international platform compiles environmental information on feed ingredients used in animal production, enabling customers, feed manufacturers and aquaculture companies to access accurate, verifiable and globally comparable data based on primary information rather than sector averages.
Salmon farmer Mowi Scotland is helping a remote Hebridean community to replace a statue of the saint that gave their island its name.
The island of Barra, in the Outer Hebrides, is named after the Irish saint, Barr (also known as Finbar). The statue of St Barr, installed in the 1970s, is now crumbling and needs extensive restoration.
Mowi provided both a vessel and crew to facilitate the removal of the existing statue from the island and supplied concrete to upgrade the plinth for the new statue, which is scheduled to arrive later this year.
Author: Robert Outram / Fish Farmer | Read the full article here
Salmon stolen from a processing facility in Norway has been found in a stolen articulated lorry trailer parked up at a petrol station.
Processor 1814 Salmon reported that 18 tonnes of salmon worth around NOK 1.4 million (£112,000) had been stolen from its facility in Dal, close to Oslo Airport, in a burglary at the weekend.
Late on Sunday, police received a report of the theft of two articulated lorry trailers that had been stolen from nearby Skarnes during the night. At least one of them was observed at a service station in Vestby, around 110 kilometres southwest of Skarnes, and a patrol was dispatched to the scene.
Source: fishfarmingexpert | Read the full article here
Atlantic Sapphire has entered into a restructuring agreement with a group of major shareholders and convertible loan holders aimed at securing long-term financing, reducing debt, and taking the land-based salmon farmer private.
The investor group includes Nordlaks Holding, Condire Management, Nokomis Capital, Strawberry Capital, and Joh. Johannsson Eiendom. Together, the group represents around 63% of Atlantic Sapphire’s shares and 93% of its outstanding convertible loan.
The transaction includes a voluntary offer of NOK 0.80 (€0.07) per share, followed by a planned squeeze-out of minority shareholders and a delisting from Euronext Oslo Børs.
Source: SalmonBusiness | Read the full article here
SOUTH KOREA
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JAPAN
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RUSSIAN FEDERATION
FRANCE
The measure, approved under the new temporary framework for the Middle East crisis, will cover costs for April and May 2026 and will be open until the end of the year.
SPAIN
The project by Itsas Balfegó, a company founded in 2022 by the Catalan firm
PERU.png)
Peruvian marine ingredients, including fishmeal and fish oil, have reached a new sustainability milestone after 
UNITED KINGDOM
Salmon farmer Mowi Scotland is helping a remote Hebridean community to replace a statue of the saint that gave their island its name.
NORWAY
Man arrested after being found asleep in cab
Atlantic Sapphire 
