Canadians will pay dearly for their government’s policy on net pen salmon farming in British Columbia, a report has warned.

The tax burden could soar to CAN $9bn (£5bn), according to an economic impact assessment by the Canadian consulting firm RIAS Inc.

The report, commissioned by the BC Salmon Farmers Association, concludes that the ban announced in June by Justin Trudeau’s government, and the proposed draft transition plan, would result in at least $9bn in unnecessary costs to Canadian taxpayers to compensate for the sector’s closure, and to subsidise unproven closed containment technology companies.

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

Faroese salmon producer Bakkafrost has launched an online store for the Danish market, allowing consumers to purchase its premium salmon products directly from the company.

The new platform, available at bakkafrostshop.com, features a range of offerings, including salmon fillets and portions (both fresh and frozen), smoked salmon in various styles, and specialty items from Munkebo, such as salmon in olive oil and vegetable soups.

Source: SalmonBusiness l Read the full article here

South Korea's import volume of frozen capelin plummeted by a significant 75% in October 2024 compared to the same period in 2023.

The country imported only 70 tons in October 2024, down from 278 tons the previous year. Consequently, the cumulative import volume for the year reached 731 tons, a 32% decrease from 2023.

Key Trends:

• Reduced Import Volume: The sharp decline in imports suggests a decrease in demand or supply disruptions.
• Price Fluctuations: The average unit import price increased to USD 2.28/kg, despite the overall decline in value.
• Country of Origin: Canada, Norway, and Iceland remained the primary suppliers, with varying unit prices.

Potential Implications:

The significant drop in frozen capelin imports may have implications for the domestic seafood market. Reduced supply could lead to price increases or decreased availability of this fish product for consumers.

Domestic Market:

The domestic wholesale price of frozen capelin, sourced primarily from Norway, is currently around KRW 25,000 per 7kg box.

Source: Union Forsea Corp.

Norway’s 25% extra tax on salmon farmers appears to be here to stay, the latest pronouncements from the country’s opposition politicians indicate.

A victory for right-of-centre parties at the general election in September next year has been the salmon industry’s best hope of reversing the so-called ground rent tax conceived by the Labour-Centre party coalition and voted into existence by left-leaning politicians in June 2023. 

Source: fishfarmingexpert l Read the full article here

This move, according to the Council, is crucial to ensuring that this affordable protein source becomes more accessible to Nigerian households, particularly children, reports by Chinenye Anuforo from The Sun.

Speaking during a visit to Otto foodstuff market Abiodun Cheke, Consultant for the Norwegian Seafood Council in Nigeria, emphasised the importance of this initiative: “By reducing import duties, we can significantly lower prices, making it more accessible to the average Nigerian. This will help combat protein deficiency, especially among children, and prevent malnutrition-related diseases like kwashiorkor.”

She said the Norwegian Seafood Council has been actively working to improve Nigeria’s fisheries sector through various initiatives, including organizing periodic training sessions on quality assurance and sustainable fishing practices to enhance the quality of Nigerian aquaculture products.

Also, Mr. Svein Baera, the Norwegian Ambassador to Nigeria, expressed admiration for the popularity of Norwegian stockfish in the Nigerian market. Despite the long distance, the product’s freshness and durability have made it a staple in many Nigerian households.

Maison Delpeyrat is launching a gravlax (marinated salmon) with citrus fruits and Christmas spices for the holidays.

The recipe, which combines Sichuan pepper, nutmeg, cinnamon, cloves, coriander and anise, is in addition to the existing versions (lemon dill and basil with a hint of lemon). At the same time, the brand of the Maïsadour cooperative, a specialist in South-West gastronomy, is also expanding its range of festive coulis.

The smoked salmon and mango curry cream combines 4 slices of salmon and a pod of coulis for a "turnkey" starter. This recipe joins the truffle cream and citrus Christmas coulis references. PMC: €9.99 for 200 g (8 to 10 slices) for the gravlax and €8.45 for 120 g (4 slices) + 40 g coulis.

• The ministerial provision establishes a quota of 1,601.3 tons of product. It will be valid until April 30, 2025 or until the established quota is reached.
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• The start of extractive activities is scheduled for the day after the publication of the lists of vessels authorized by the Regional Governments of Piura and Lambayeque.

In a key decision for the fishing and aquaculture sector, the Ministry of Production (PRODUCE) issued Ministerial Resolution No. 000471-2024, which authorizes the extraction of up to 1,601.3 tons of scallops (Argopecten purpuratus) in the area of ??Lobos de Tierra Island, between the regions of Piura and Lambayeque. This measure seeks to guarantee the supply of aquaculture concessions and promote the sustainable development of this activity in the country.

Muscat – The Oman Fisheries Company has announced the resignation of Mohammed Salim Nasser Al Amri, its Acting Chief Executive Officer

As per a disclosure on the Muscat Stock Exchange, the company stated that Al Amri resigned from his position on October 9, 2024, for personal reasons.

“The company’s Board of Directors approved the resignation on 25th November 2024 with his last working day at the company being January 31, 2025,” stated the disclosure addressed to the shareholders of the company. “The Board of Directors will take the necessary measures to appoint a replacement with the relevant authorities,” it added.

Further, the Board expressed gratitude and appreciation to Al Amri for his efforts during his tenure and wished him continued success in his professional endeavours.