Welcome   Sponsored By
Subscribe | Register | Advertise | Newsletter | About us | Contact us
   


Barbados bets on tuna to boost the value of fish exports

BARBADOS
Friday, April 03, 2020, 00:00 (GMT + 9)

The island’s fishing sector players and United Nations organizations draw up a plan to increase the value and sustainability of tuna exports.

Barbados fishing industry representatives and United Nations agencies have drafted a strategy to increase the value of the island’s tuna exports.

If fully implemented, it could dramatically boost revenue from tuna exports, from US$303,000 in 2015 to $7.5 million in 2027, UN officials say. Fishers would earn an additional $2.5 million over the same period.

Foto: archivo

The Oceans Economy and Trade Strategy for Barbados aims to give the nation’s fishing industry the tools needed to move up the tuna value chain, away from the low-value unprocessed whole fish currently exported, towards fresh boxed tuna loins.

Processed, ready-to-eat fish products sell for a higher price in global markets – about twice as much in North America, for example.

“By processing the tuna before export, the local fishing industry could capture much more of the final price that consumers pay,” said Pamela Coke-Hamilton, director of UNCTAD’s international trade division.

“The result would be transformational for the island’s fishing industry,” she said, adding that helping exporters in developing countries transition from raw materials to processed goods is key to helping them reap more benefits from trade.

“This is at the heart of UNCTAD’s mission.”

Processing plant and new regulations needed

The project – a joint endeavour between UNCTAD, the UN Division for Ocean Affairs and the Law of the Sea, and the UN Food and Agriculture Organization (FAO) – addresses the different aspects of the national fishing industry where improvements are needed to transition from unprocessed to processed tuna exports.

These include fleet efficiency, quality controls and, most important, infrastructure. Implementation would include building the island’s first fish processing plant – an investment of about $1.7 million.

The strategy also calls for updating national regulations related to fisheries in the Caribbean, such as the Barbados Fisheries Act, to strengthen sanitary standards and traceability systems so that exporters could apply for voluntary sustainability certifications, such as the Marine Stewardship Council (MSC) label.

Sustainability certification would open access to fast-growing markets. Sales of seafood with the blue MSC label, for example, have grown 34% over the past years, from 8.8 million tonnes in 2014 to 11.8 million tonnes in 2019.

Source: MSC

Going beyond exports

Improved traceability is also key to fighting illegal, unreported and unregulated fishing, which steals about $23 billion from our oceans and seas each year and affects one in every five fish caught.

Some 6 million tonnes of tuna are caught worldwide every year. The global market was valued at $11.6 billion in 2018 and is projected to reach $14.4 billion by 2024. Growing demand is putting immense pressure on stocks, and better traceability is essential for more sustainability.

Joyce Leslie, acting chief for Barbados’ fisheries agency, said improving the sustainability of the island’s fisheries is as important as increasing the value of exports.

She said protecting fish stocks is essential for food security because Barbadians rely on fish for their main source of protein, consuming about 5,000 to 6,000 tonnes annually.

Though the strategy focuses primarily on exports, a new processing plant and improved sanitary measures would allow the tuna sector to better serve local hotels and restaurants and retain more value on the island.

It would also help decrease dependence on food imports. FAO estimates that about 86% of the fish consumed in Barbados is imported.

editorial@seafood.media
www.seafood.media


 Print


Click to know how to advertise in FIS
MORE NEWS
Japan
Mar 29, 18:30 (GMT + 9):
IN BRIEF - Frozen volume of salmon and trout, both lower than the previous year. Salmon coho Fall
China
Mar 29, 07:40 (GMT + 9):
Southeast Pacific Squid Index: Giant squid (dosidicus gigas)
Canada
Mar 29, 07:10 (GMT + 9):
Cooke Aquaculture Named One of Atlantic Canada’s Top Employers
Indonesia
Mar 29, 07:00 (GMT + 9):
IN BRIEF - EFishery acquihires Indonesian AI-powered IoT startup, to launch AI brand
France
Mar 29, 07:00 (GMT + 9):
Other Media | The Fishing Daily: French Minister Urges Dialogue Over UK Expansion of Marine Protected Areas
Thailand
Mar 29, 07:00 (GMT + 9):
Thai Union Collaborates to Achieve Zero Wastewater Discharge and Establish an Industry Learning Center
Russian Federation
Mar 29, 07:00 (GMT + 9):
Russia and China Combat Illegal Fishing: Electronic Certificates of Legality for Catches
United Kingdom
Mar 29, 07:00 (GMT + 9):
Brexit costs Scotland up to USD 126.09 million-a-year in lost salmon exports
French Guiana
Mar 29, 06:00 (GMT + 9):
IN BRIEF – 'The French vessel that is to come to patrol Guyana’s waters, saving the country $100M through illegal fishing, is yet to dock here'
Japan
Mar 29, 03:00 (GMT + 9):
Driftnet fishing for salmon and trout starts early. Agreement with Russia
Russian Federation
Mar 29, 01:00 (GMT + 9):
Will the Russian Far East be the country with the most snow crabs in 2025?
Viet Nam
Mar 29, 01:00 (GMT + 9):
Shrimp exports from Ecuador are facing many challenges
Japan
Mar 29, 00:50 (GMT + 9):
IN BRIEF - Faced with the Peruvian decline, fishmeal production in India and Oman is increasing rapidly
Australia
Mar 28, 21:10 (GMT + 9):
IN BRIEF - At WTO, Australia seeks details on India's fisheries plan
Croatia
Mar 28, 21:00 (GMT + 9):
IN BRIEF - Cromaris business results in 2023



Lenguaje
FEATURED EVENTS
  
TOP STORIES
Clipfish challenges in Brazil: Port bureaucracy stops millions worth
Brazil More and more clipfish containers are being stopped in Brazilian ports. - Complicated regulations make market access challenging, to say the least, say Norwegian exporters who risk large losses. Bra...
Catches in the Sea of Okhotsk and Bering Sea
Russia Fed. Situational update as of 03/24/2024 Source: Stockfile FIS Sea of Okhotsk (pollock) According to OSM data in the Sea of Okhotsk, pollock catch (industrial and coastal fisheries) as of March 24, 20...
Productive Development of the Fishing Activity
Peru Fishing Sector Bulletin - January 2024 The landing of hydrobiological resources registered a negative interannual variation of 62.7%, as a result of the lower landing of fishing resources for indirec...
NGO Sues UK Government Over International Fishing Quotas
United Kingdom Blue Marine Foundation, a charity dedicated to restoring the ocean to health, has launched legal proceedings over the government’s decision to set fishing opportunities, for more than half UK st...
 

Maruha Nichiro Corporation
Nichirei Corporation - Headquarters
Pesquera El Golfo S.A.
Ventisqueros - Productos del Mar Ventisqueros S.A
Wärtsilä Corporation - Wartsila Group Headquarters
ITOCHU Corporation - Headquarters
BAADER - Nordischer Maschinenbau Rud. Baader GmbH+Co.KG (Head Office)
Inmarsat plc - Global Headquarters
Marks & Spencer
Tesco PLC (Supermarket) - Headquarters
Sea Harvest Corporation (PTY) Ltd. - Group Headquarters
I&J - Irvin & Johnson Holding Company (Pty) Ltd.
AquaChile S.A. - Group Headquarters
Pesquera San Jose S.A.
Nutreco N.V. - Head Office
CNFC China National Fisheries Corporation - Group Headquarters
W. van der Zwan & Zn. B.V.
SMMI - Sunderland Marine Mutual Insurance Co., Ltd. - Headquarters
Icicle Seafoods, Inc
Starkist Seafood Co. - Headquearters
Trident Seafoods Corp.
American Seafoods Group LLC - Head Office
Marel - Group Headquarters
SalMar ASA - Group Headquarters
Sajo Industries Co., Ltd
Hansung Enterprise Co.,Ltd.
BIM - Irish Sea Fisheries Board (An Bord Iascaigh Mhara)
CEFAS - Centre for Environment, Fisheries & Aquaculture Science
COPEINCA ASA - Corporacion Pesquera Inca S.A.C.
Chun Cheng Fishery Enterprise Pte Ltd.
VASEP - Vietnam Association of Seafood Exporters & Producers
Gomes da Costa
Furuno Electric Co., Ltd. (Headquarters)
NISSUI - Nippon Suisan Kaisha, Ltd. - Group Headquarters
FAO - Food and Agriculture Organization - Fisheries and Aquaculture Department (Headquarter)
Hagoromo Foods Co., Ltd.
Koden Electronics Co., Ltd. (Headquarters)
A.P. Møller - Maersk A/S - Headquarters
BVQI - Bureau Veritas Quality International (Head Office)
UPS - United Parcel Service, Inc. - Headquarters
Brim ehf (formerly HB Grandi Ltd) - Headquarters
Hamburg Süd Group - (Headquearters)
Armadora Pereira S.A. - Grupo Pereira Headquarters
Costa Meeresspezialitäten GmbH & Co. KG
NOAA - National Oceanic and Atmospheric Administration (Headquarters)
Mowi ASA (formerly Marine Harvest ASA) - Headquarters
Marubeni Europe Plc -UK-
Findus Ltd
Icom Inc. (Headquarter)
WWF Centroamerica
Oceana Group Limited
The David and Lucile Packard Foundation
Ajinomoto Co., Inc. - Headquarters
Friosur S.A. - Headquarters
Cargill, Incorporated - Global Headquarters
Benihana Inc.
Leardini Pescados Ltda
CJ Corporation  - Group Headquarters
Greenpeace International - The Netherlands | Headquarters
David Suzuki Foundation
Fisheries and Oceans Canada -Communications Branch-
Mitsui & Co.,Ltd - Headquarters
NOREBO Group (former Ocean Trawlers Group)
Natori Co., Ltd.
Carrefour Supermarket - Headquarters
FedEx Corporation - Headquarters
Cooke Inc. - Group Headquarters
AKBM - Aker BioMarine ASA
Seafood Choices Alliance -Headquarter-
Austevoll Seafood ASA
Walmart | Wal-Mart Stores, Inc. (Supermarket) - Headquarters
New Japan Radio Co.Ltd (JRC) -Head Office-
Gulfstream JSC
Marine Stewardship Council - MSC Worldwide Headquarters
Royal Dutch Shell plc (Headquarter)
Genki Sushi Co.,Ltd -Headquarter-
Iceland Pelagic ehf
AXA Assistance Argentina S.A.
Caterpillar Inc. - Headquarters
Tiger Brands Limited
SeaChoice
National Geographic Society
AmazonFresh, LLC - AmazonFresh

Copyright 1995 - 2024 Seafood Media Group Ltd.| All Rights Reserved.   DISCLAIMER