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IN BRIEF - Frozen Pollock Wholesale Prices by Size Show Mixed Trends

SOUTH KOREA
Thursday, October 10, 2024

In week 41 of 2024, wholesale prices for frozen pollock in South Korea have experienced a modest increase across all sizes (6, 7, 8, and 9 pieces per box).

By the end of September 2024, South Korea had imported 105,136 tons of frozen pollock, marking a 1% decrease from 106,596 tons imported in 2023. This volume represents 16.1% of the country’s total seafood imports.

The total value of frozen pollock imports reached USD 105.14 million, reflecting a 10% decline from USD 101.10 million during the same period in 2023. The average import price for frozen pollock until September 2024 was USD 0.96 per kilogram, down 9% from USD 1.06 per kilogram in 2023. Prices varied by country, with Russia at USD 0.96/kg, the United States at USD 1.25/kg, and China at USD 1.61/kg.

Domestically, wholesale prices for frozen pollock are as follows: the 7-piece size is approximately KRW 39,500, while the 8-piece size is about KRW 29,500. The price for the 8-piece size has decreased by 3.3% from KRW 30,500 in August 2024 and by 13.2% from KRW 34,000 in June 2024.

Source: Union Forsea Corp.


IN BRIEF - Japan Eyes Pangasius Surimi to Counter Surimi Shortages and High Costs

JAPAN
Monday, October 19, 2026

Pangasius surimi, sourced from a freshwater fish primarily farmed in Asia, is gaining interest as a potential substitute for Alaska pollock in the Japanese manufacture of kamaboko, chikuwa, and other fish paste products.

Photo: NamMy Seafood

According to a report by Nikkei Suisan Keizai, difficulties in procuring US surimi—traditionally dominant in this market—are driving the search for new raw materials.

The trend coincides with a crisis declaration issued on October 15 by the Japan Kamaboko Association, which warned of historically high prices and supply restrictions.

Pangasius offers a potential alternative to diversify suppliers and reduce costs, though its widespread adoption will depend on texture, gelling capacity, quality, and commercial acceptance.


Other Media | SalmonBusiness: Japan: Aquponi launches combined trout and strawberry production system

JAPAN
Monday, October 19, 2026

Japanese aquaponics company Aquponi has launched an indoor production system combining rainbow trout farming with strawberry cultivation, with two installations already established in Japan.

The Yokohama-based company announced the commercial launch of its Aquponi Berry Farm system on 5 October, alongside a dedicated aquaponics feed.

Aquaponics combines fish farming with growing plants without soil. Nutrients in the fish-rearing water support plant growth, allowing the two crops to be produced within a linked system.

The system uses triploid rainbow trout, marketed in Japan as salmon.

Source: SalmonBusiness | Read the full article here


IN BRIEF - South Korea Warns of Trade Risks Linked to Irregularities in Foreign Crew Recruitment

SOUTH KOREA
Monday, October 19, 2026

Recruitment practices involving foreign fishing crew members could undermine international confidence in South Korean seafood and increase demands for labor traceability.

SEOUL -  South Korean lawmaker Lee Jae-gwan (pictured) has raised concerns over shortcomings in the oversight of foreign crew recruitment during a parliamentary audit of the fisheries sector.

According to data provided by the National Federation of Fisheries Cooperatives (Suhyup), 11 of the 15 recruitment management companies examined had collected up to five years of labor management service fees in advance. A government survey also found that 74.6% of the 311 workers interviewed had paid deposits intended to prevent them from leaving their jobs.

The lawmaker warned that such practices could damage international confidence in South Korea's fishing industry amid growing scrutiny of forced labor risks in seafood supply chains.


IN BRIEF - 14 foreign fishers face court for fishing illegal in Australian waters

AUSTRALIA
Monday, October 19, 2026

This is a joint media release from the Australian Fisheries Management Authority (AFMA) and the Australian Border Force (ABF).

Fourteen (14) Indonesian nationals have pleaded guilty to illegally fishing in Australian waters at Darwin Local Court on Tuesday, 29 September 2026. The charges followed apprehension of two foreign fishing vessels by Australian authorities attached to Maritime Border Command (MBC) during September 2026.

The first fishing vessel was detected and intercepted north of Cape Wessel, Northern Territory, on 9 September 2026. Six crew were on board, along with 70 kilograms of flying fish roe, 135 aggregation devices used to harvest the roe and 30 kilograms of dried fish.

The second fishing vessel was detected in the Torres Strait by aerial surveillance and subsequently intercepted under Operation BROADSTAFF. Eight crew members were on board, along with 600 kilograms of shark, 500 kilograms of reef fish and 4000 metres of fishing net. 


Other Media | fishfarmingexpert: Bakkafrost Scotland losses were much heavier last year

UNITED KINGDOM
Monday, October 19, 2026

Salmon farmer Bakkafrost Scotland’s operating loss increased from £6 million in 2024 to £58.1m last year, newly published accounts show.

Its financial loss after tax increased from £23.5m to £63.9m.

The increased losses came during a year when a significant increase in global supply of salmon, particularly from Norway, led to lower market prices which negatively affected financial performance, wrote Bakkafrost Scotland’s directors.

Author: Gareth Moore / fishfarmingexperrt | Read the full article here


Other Media | Fish Farmer: Nordic Halibut reports strong summer progress

NORWAY
Friday, October 16, 2026

The company, which farms the premium white fish off the Norwegian coast, continued its positive operational development with a significantly higher third quarter harvest and sales volumes.

Nordic Halibut also enjoyed stable pricing and strong biomass growth for its fish. It reported an average sales price of 171 NOK per kilo for fresh HOG (head on, gutted) halibut compared to 170 NOK per kilo recorded in the same period last year.

A total of 276 metric tons HOG were harvested during the quarter, compared with 152 tons in Q3 2025.

Author: Vince McDonagh / Fish Farmer | Read the full article here


Other Media | EuropaAzul: Fish meal faces a twofold scrutiny: its social costs and the aquaculture industry’s dependence on it

PERU
Friday, October 16, 2026

An investigation by The Outlaw Ocean Project into Peru aligns with studies that warn of the vulnerability of the supply chain and question how the use of wild-caught fish in animal feed is measured.
 
Fish meal and fish oil are once again at the center of the debate regarding the future of aquaculture. An investigation by The Outlaw Ocean Project—published by *La República* on October 9 and authored by Ian Urbina—documents allegations of pollution, conflicts with local communities, and issues regarding traceability in Peru. These findings contribute to a broader scientific discussion that examines both the aquaculture sector’s reliance on wild-caught resources and the distribution of the benefits and burdens throughout this international supply chain. 
 
Source: EuropaAzul | Read the full article here

Other Media | Fish Focus: Antarctica2030 urges action on Southern Ocean protection

ANTARCTICA
Friday, October 16, 2026

The Antarctic Peninsula MPA and precautionary krill management are critical steps towards representative protection of the Southern Ocean by 2030.

Antarctica2030, a global movement uniting leaders to champion the protection of Antarctica’s Southern Ocean, is urging governments meeting in Hobart from 19 to 30 October to adopt the Antarctic Peninsula Marine Protected Area (Domain 1 MPA) and agree a roadmap to complete their commitments to safeguard the Southern Ocean by 2030.

Source: Fish Focus | Read the full article here


Other Media | La Voz de Galicia: 23.6 billion euros claimed in Argentina from Galician firms fishing in the Falkland Islands

ARGENTINA
Friday, October 16, 2026

A foundation is seeking compensation through the courts for 35 years of catches in South Atlantic waters made without Argentine permission.
 
The Agustina Lerena Foundation has filed a lawsuit with the Federal Court of Tierra del Fuego, seeking approximately 23.6 billion euros in compensation from fishing companies—most of them Galician—and a network of associated firms, for the exploitation of resources in the South Atlantic without authorization from Argentina.
 
The legal action, spearheaded by César Lerena, president of the Center for Latin American Fisheries Studies, and lawyer Eduardo Barcesat, comes amid the campaign led by [President] Milei to assert the country’s sovereignty over the Falkland Islands.
 
Author: C. Valdez / La Voz de Galicia | Read the full article here

IN BRIEF - Bermeo Tuna and ESHBI partner for sustainable gastronomy

SPAIN
Friday, October 16, 2026

Alliance promotes tuna, albacore and culinary heritage.

Bermeo Tuna World Capital and Bilbao Hospitality School (ESHBI) signed a strategic agreement to train young chefs in sustainable tuna and albacore gastronomy, strengthen local hospitality, preserve traditional recipes and promote innovation, responsible consumption and Bermeo's maritime heritage.

The collaboration will also seek to strengthen the role of the hospitality sector as an ambassador for the region. With a particular focus on Bermeo and Urdaibai—and looking toward the broader area of ??Bizkaia and the Basque Country—both entities will promote awareness and the proper use of *bonito* (tuna).

www.bermeotuna.org


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