THE Norwegian seafood industry is proving ‘agile and adaptable’ in the global coronavirus lockdown, switching to more processed products as demand for fresh whole fish drops.
In the salmon market, there was an eight per cent decline for fresh whole exports last week, while fresh fillet exports increased by 28 per cent, said the Norwegian Seafood Council in its weekly update yesterday. Frozen salmon fillet exports increased by 17 per cent compared to the same week in 2019.
Paul T. Aandahl, seafood analyst at the Norwegian Seafood Council, said: ‘There is increased uncertainty in consumers’ future purchasing power in several markets.
‘We do not know exactly what consequences this will have, but it is likely to impact demand for Norwegian seafood.
‘In several of our most important export markets we have been told of episodes of supermarket hoarding and thus growth in retail sales.
‘This growth is expected to slow as people eat the produce they have purchased. As the situation stands now, we can nonetheless expect that retail will remain strong, as people are eating at home rather than in restaurants.’
Author: Jenny Hjul / Fish Farmer | Read the full articlehere
Scottish Salmon Company owner Bakkafrost is to delay its £60 million dividend pay-out to shareholders until August because of the uncertainty caused by the Covid-19 pandemic.
The Faroese salmon farmer had previously announced that it would pay DKK 8.31 per share – a total of DKK 491.5m – for 2019.
But last night the company said directors had decided to delay the dividend payment proposition for 2019 until Bakkafrost’s H1 presentation on August 25, “at which time the Board of Directors expect the level of uncertainty to have reduced”.
In a market announcement, Bakkafrost said the Covid-19 outbreak had greatly affected the salmon market and disrupted downstream supply channels and logistics.
Significant uncertainty was most likely continue for some time.
“The level of uncertainty has convinced the Board of Directors and the Management of Bakkafrost that it is most responsible to shareholders, employees and the society to postpone the decision regarding the dividend payment for 2019,” stated the company.
Source: fishfarmingexpert | Read the full articlehere
Global and national markets must remain a transparent, stable and reliable source of food supply, the agency said.
The director general of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, urged this Thursday, March 26, the leaders of the G20 countries to adopt measures so that the world's food systems continue to function appropriately, particularly in relation to access to food for the world's poorest and most vulnerable people during the covid-19 pandemic.
He made his call in an intervention via Internet from Rome at the extraordinary virtual Summit of G20 leaders on covid-19. The Saudi king, Salman Bin Abdulaziz Al Saudha, was in charge of presiding over this event, which called for a coordinated global response to the pandemic and its human and economic consequences.
"The covid-19 pandemic is affecting food systems and all dimensions of food security in the world," said Qu. "No country is immune."
"We have to make sure," he added, "that food value chains are not interrupted and continue to function well, and promote the production and availability of diversified, safe and nutritious food for all."
The CEO warned that confinements and movement restrictions could disrupt the production, processing, distribution and sale of food, both nationally and globally, with the potential to have an "immediate and serious" impact on those who have restricted their mobility.
Source: aqua.cl | Read the full articlehere(Spanish)
ABANCA will take control of Nueva Pescanova after completing an operation in which it will acquire a package of securities, hitherto owned by Banco Sabadell and Caixabank, equivalent to 39.8% of its capital. After this purchase, ABANCA will own 80.46% of the shares of the fishing company. This has been made public by ABANCA, who adds that the operation will be formalized in the coming weeks "with the aim of safeguarding a fundamental company for Galicia".
ABANCA's plan, as the entity itself points out, “includes strengthening the company's financial structure and its main areas of corporate and commercial activity. To do this, it will strengthen the best corporate governance practices and apply improvements in the field of management, all with the aim of strengthening its competitive position and enhancing its growth. ”
In accordance with its plan, ABANCA will retain a significant stake in Nueva Pescanova's shareholding to advance in the search for an industrial partner that will allow it to build a long-term value project from Galicia.
Furthermore, among the objectives of the operation is "to return the company's decision-making bodies to Galicia" and "to reinforce ABANCA's support for the industrial complex related to the sea", in which Galicia is one of the leading communities in the world .
Source: ipac.acuicultura | Read the full articlehere (S
Russian company developed electronic seal on container loaded with salmon on Netherlands/Belgium joint venture – which is first logistics company pushing cargo through the Embargo from Europe to China.
Railfreight reports that New Silk Way Logistics, a Dutch company that offers “door-to-door intermodal rail and logistic solutions between Europe and China”, has loaded frozen salmon on a container train operated by DBO Bahnopertor destined for Xi’an, China.
Managing Director Oscar Vermeij told SalmonBusiness that New Silk Way Logistics is a joint venture between two large logistics forces from the Netherlands and Belgium, named KLG Europe & H.Essers.
“We are specialised in rail transportation between Europe and China, with a high focus on temperature-controlled carriage. Mainly for Pharmaceutical products, but now also for foodstuff,” he said.
“We transported this shipment with salmon in our unique 45ft Reefer Hichcube pallet wide from the Netherlands to the rail terminal. Salmon is a product which is on the Russian embargo list. It’s a very unique circumstance, we are the first logistics company pushing cargo trough the Embargo from Europe to China,” added Vermeij.
Author: Owen Evans / SalmonBusiness | Read the full articlehere
COLIJNSPLAAT - Uncertainty trumps for the lobster fishermen. On March 16, the fishing gear was launched for the new Oosterschelde lobster season, but because the catering industry is closed due to corona, the market has disappeared.
Obviously, the auction of the first Oosterschelde lobster on Thursday March 26 at the UFA auction Colijnsplaat, traditionally the official start of the season, did not go ahead. There is also no supply. "Ninety percent of the Oosterschelde lobster goes to the catering industry," says chairman Ida Sinke of the OWV Vaste Vistuigen Vissers association. "And because it is closed now, we can let the lobsters run better."
The lobster fishermen are in uncertainty. The big question is: can the catering industry reopen from April 6? If not, there is no demand and supplying is still pointless. Normally, the season for the renowned Oosterschelde lobster runs until mid-July (this year Wednesday 15 July).
Source: Visserijnieuws | Read full storyhere (Dutch)
Scottish Skipper Expo 2020 has been rescheduled to take place on 13 and 14 November 2020 at the P & J Live arena in Aberdeen following its earlier postponement due to coronavirus (Covid-19).
Hugh Bonner, managing director of Mara Media, said: “We are grateful for the incredible support we have received from exhibitors, the wider fishing industry, and the P & J Live arena.”
Sharon Boyle of Mara Media added: “The feedback we received was that there was a real desire for the Scottish Skipper Expo to go ahead this year, and the new November dates will provide the fishing industry with a showcase event to look forward to, which will reinvigorate the sector and the numerous businesses which support it.”
The new rescheduled date was agreed following close consultation with both the fishing industry and the event venue.
Yellowtail – known as “buri” or “hamachi” in Japanese – is Japan’s top farmed finfish export by value at USD 137 million (EUR 122.9 million, JPY 14.7 billion), and as such, is displayed at most seafood shows in Japan.
At the Seafood Show Osaka 2020 in February - one of the last seafood trade shows to take place before the onset of the COVID-19 crisis shut down large public industry gatherings, hamachi and its close relatives in the genus, kampachi and hiramasa, took center stage.
Both buri (Seriola quinqueradiata), as well as kampachi (Seriola dumerili) and hiramasa (Seriola lalandi) were featured by numerous companies farming them in Japan. Typically, hiramasa’s taste and texture are similar to kampachi, and compared with the buttery fatness of farmed buri, both are springier and have a cleaner taste.
The Nagasaki Fisheries Cooperative Association prominently featured hiramasa at the event, the rarest and most expensive of Japan’s three farmed seriola species. The association’s subsection chief, sales section, Daisuke Yamasaki said that hiramasa tracks with kampachi on price, but not with buri, which is cheaper. The price of farmed hiramasa is not strongly affected by wild-catch quantities, as producers can adjust feeding to bring the farmed fish on faster or slower to avoid timing harvests when wild catches are strong, Yamasaki added.
At the show, the association displayed a 1.5-kilogram hiramasa fillet. Yamasaki said that this product runs in the range of JPY 2,500 to JPY 3,500 per kilogram (USD 23.42 to USD 32.78, EUR 20.93 to EUR 29.30). This year prices are at the higher end of the range. The main determinant of price is the farmed production quantity, which in turn is mostly a function of water temperature – the fish fatten faster when the water is warm. Production is mainly in southern Japan, around Kagoshima or Nagasaki, as the species is sensitive to cold.
Author: Chris Loew / SeafoodSource | Read the complete articlehere
We advanced it the same day in which the Conference of Presidents approved by written procedure the proposal of President Sassoli to convene an extraordinary plenary session this Thursday, March 26 to debate and vote on the first legislative initiatives presented by the European Commission to face the effects of the pandemic caused by Covid-19 in the Member States. An extraordinary plenary session on March 26 in Brussels, which replaces the one scheduled for April 1 and 2, and by which the emergency processing procedure was launched, which allows a vote in plenary without has prepared a parliamentary report in advance or based on an oral report.
There will be three legislative initiatives to debate and vote, including the Investment in Response to Coronavirus initiative; one of the central points of the community response.
This Coronavirus Response Investment Initiative would seek to mobilize all existing Union budget resources in order to provide financial assistance to Member States for an immediate response to the coronavirus crisis and its long-term repercussions. This includes advancing payments, redirecting cohesion funds and assisting Member States to direct money where it is most needed as quickly as possible.
Source: iPac.acuicultura | Read the complete articlehere (Spanish)
Companies in the EU’s fisheries and aquaculture sectors have been offered up to €120,000 each in aid, to help see them through the Covid-19 pandemic.
Speaking at this week’s Agrifish Council, Virginijus Sinkevicius, European Commissioner for Environment, Oceans, and Fisheries, explained that: “The aid can take the form of direct grants, repayable advances or tax advantages. Also guarantee on loans or subsidised interest rates for loans are possible to cover liquidity needs. This can be applied as from last Friday [20 March] and until 31 December 2020.”
The aid has been offered, the commissioner explained, because: “The fisheries and aquaculture sector have been particularly hard hit by market disruption. There is no doubt that we will all have to face long-term negative consequences for the women and men working in fisheries and aquaculture.”Other moves to help safeguard the sector adopted by the commission include a proposal for a Coronavirus Response Investment Initiative, which is “directed at promoting investments by mobilising available cash reserves in the European Structural and Investments Funds, to fight the crisis immediately.
Author: Rob Fletcher / The Fish Site | Read the full articlehere
Jack mackerel catch limit for 2020 increased Peru
Norm indicates that an additional 40,000 tons will be exclusively for fishing with artisanal vessels. Until March 20, 97.7% of the 100,000 ton-quota assigned last January had been met.