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.
The Ministry of Production (Produce) has established a complementary catch quota of 38,659 tons of jumbo squid or pota (Dosidicus gigas). This measure aims to support artisanal fishing vessels and will be in effect until December 31, 2025.
Ministerial Resolution Nº 00402-2025-PRODUCE, published in the Official Gazette El Peruano, authorizes the extraction of this resource, adding to the quota previously approved by another resolution.
Benefited Fleet: Artisanal fishing vessels with a valid fishing permit.
Start of Extraction: Extraction activities are authorized starting at 00:00 hours on November 21, 2025.
Flexibility and Monitoring
Produce emphasizes that this complementary quota is subject to modification. The Peruvian Marine Institute (Imarpe) will monitor the environmental or biological circumstances of the resource and may recommend adjustments to the quota, ensuring the sustainability of the jumbo squid.
JAKARTA — The Ministry of Marine Affairs and Fisheries has set a target of Rp2 trillion (approximately US$120 million) in potential investments following its Investment and Business Matching event held in Jakarta on Thursday.
Machmud (right), delivers press statements in Jakarta on Thursday (ANTARA/Aji Cakti)
The forum, which coincided with National Fish Day, gathered 300 domestic and international participants under the theme “Accelerate National Economic Growth Through the Downstreaming of Fisheries.”
Machmud, the Acting Director General of Competitiveness at the Ministry, stated that the event serves as a critical platform to promote government policies on "downstreaming"—the processing of raw materials to increase value. The goal is to move beyond raw exports and foster concrete partnerships that boost the domestic economy.
Key Highlights:
Global Interest: To enhance Indonesia’s investment appeal, the forum attracted delegations from the Netherlands, Singapore, the European Investment Bank, the Swiss Import Promotion Programme, JICA, and the Indo-Australia Business Council.
Domestic Synergy: Local attendees included regional governments, fish farmers, logistics providers, cold chain operators, and financial institutions.
Actionable Outcomes: Through panel sessions and one-on-one business matching, the Ministry expects the event to yield immediate business agreements and long-term investment realization.
The event, held at the La Tierra sin Mal Auditorium, culminated with the presentation of certificates to over 200 fish-farming families.
The program, which began its journey in 2023, had a territorial impact across 23 municipalities. Its main objective was to transform the local productive matrix through strategic training in:
Regenerative aquaculture and sustainability.
Commercial management and planning.
Gender focus applied to the sector.
A Sector with Huge Potential This training addresses a structural need within the province. Misiones ranks as the jurisdiction with the highest number of fish farmers in the country, hosting over 4,000 productive units. However, the current challenge is commercialization: currently, only 9% of producers manage to sell more than 30% of their production.
With the conclusion of Mayma Azul, the province seeks to reverse this statistic, professionalizing families so they can make the leap from a subsistence economy to a scalable and sustainable business model.
A series published in the medical journal The Lancet denounces how the expansion of ultra-processed foods is driving obesity, chronic diseases, and inequality, and calls for governments capable of prioritizing public health over corporate profit.
The image of a healthy diet based on fruits, vegetables, legumes, and fresh foods increasingly clashes with the reality of supermarkets: shelves full of ready-to-eat products that are cheap, tasty, and wrapped in shiny plastic. These are the so-called ultra-processed foods (UPFs), and their growing presence on the tables of millions of people has become a global public health problem.
Within the framework of the 122nd Meeting of Members of the International Olive Council in Córdoba, delegations from Spain and Morocco held a meeting to prepare for the 13th Spain-Morocco High-Level Meeting, scheduled for early December. At this meeting, both countries expect to sign two new memoranda of understanding: one on maritime fishing, aquaculture, and combating illegal fishing; and another on agricultural and agri-food cooperation.
In the meeting between the Spanish Minister of Agriculture, Fisheries and Food, Luis Planas, and his Moroccan counterpart, Ahmed El Bouari, both leaders reaffirmed their commitment to further strengthening cooperation in the agri-food sector.
Source: Industrias Pesqueras | Read the full article here
Aquaculture Stewardship Council (ASC) took a leading role in championing responsible aquaculture at the Expo 2025 Osaka–Kansai and Sustainable Seafood Week in Japan. Working in partnership with Seafood Legacy and sustainability organisations, ASC showcased how certified responsible farming can help safeguard marine ecosystems, support communities, and ensure the long-term future of Japan’s seafood heritage.ASC participation in the Blue Ocean Dome was enabled through Seafood Legacy, a key partner working to advance sustainable seafood in Japan.
Salmon farmer Nordlaks' new semi-closed cage will arrive in Hadsel, northern Norway this weekend after a three-week voyage from Turkey.
Fish Farming Expert's Norwegian sister site, Kyst.no, has previously written about Nordlaks' new semi-closed cage, which has been under construction in Turkey. The hull has an inner diameter of 60 metres and an outer diameter of 72 metres.
At the time it went under the project title "Hydra", but now it has been named "Storbåtsegget", which translates as The Big Boat Egg.The pen is designed for a maximum permitted biomass of 3,120 tonnes and will have a production volume of 86,700 cubic meters.
Author: Ulrik Tallhaug Sydnes / fishfarmingexpert | Raed the full article here
Following an unexpected drop last week, Norwegian fresh salmon prices are on the up again according to the latest figures from Statistics Norway.
In the period between 10 and 16 November – week 46 – they rose to NOK 80.10 per kilo (£6.02), just a few pence down on the prices seen two weeks earlier. This represents an increase of 2.6% which is hardly likely to cause a great deal of excitement on the market.
Norway’s export volumes were down by just over 600 metric tons to 23,488 tons, which is still a reasonable figure and several thousand tons higher than back in the spring when they were hovering around the 18,000 ton mark.
Author: Vince McDonagh / Fish Farmer | Read the full article here
The Undersecretary of Foreign Affairs, Gloria de la Fuente, met with representatives from the National Fisheries Society (Sonapesca) and jack mackerel producers in the Biobío Region. Accompanied by Cristian Vallejos, Program Director of the Marine Stewardship Council (MSC) for Latin America, they presented the recertification that confirms Chilean jack mackerel meets the highest international standards of fisheries sustainability, consolidating the country's position as a global leader in the industry.
At the meeting, which included the presidents of Sonapesca, Felipe Sandoval, and of Industrial Fishermen of Biobío, Macarena Cepeda, as well as executives from various companies, the Undersecretary was informed about the scope of the recertification process and the initiatives undertaken to achieve it.
Source: MundoAcuicola | Read the full article here
Record low juvenile salmon counts on River Frome raise extinction concerns.
An annual monitoring programme on the River Frome in Dorset has recorded the lowest number of juvenile wild Atlantic salmon since surveys began more than two decades ago, reinforcing warnings over the species’ long-term viability in UK rivers.
Conservationists from the Game and Wildlife Conservation Trust (GWCT) counted and tagged 3,226 juvenile salmon during their four-week summer survey, less than a third of the 10,000 fish they typically aim to sample and below last year’s previous record low of 4,593.
Source: SalmonBusiness | Read the full article here
Abu Dhabi Launches Sustainable Fisheries Policy United Arab Emirates
New Decree Aims to Restore Fish Stocks, Protect Native Species, and Empower Local Fishermen for Long-Term Marine Health
Abu Dhabi has taken a major step toward safeguarding its marine environment wit...