The United States relies on overseas imports for much of its seafood needs, a situation that has persisted for more than three decades. According to U.S. government data, about 80 percent of seafood consumption comes from abroad, resulting in a seafood trade deficit that has become the norm.

The wide price gap between U.S. blue swimming crab ((BSC) and red swimming crab (RSC) usually means that blue swimming crab prices are about to slip while red swimming crab prices are about to climb.

On October 25, the 26th China International Fisheries Expo was held at the Hongdao International Convention and Exhibition Center in Qingdao, Shandong Province. This was the first offline appearance of the Fisheries Expo after the COVID-19 epidemic.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.

Under pressure from international sanctions, production of pollock fillets and other value-added products declined sharply last year, although Russian pollock production is at its highest level in 25 years.

Japan's squid supply fell by nearly 20% last year to only 150,000 tons, including domestic catches, imports and carry-over stocks. That's more than 50 percent less than the annual average of more than 300,000 tons since 2000, and 75% less than the 2000 supply of 667,000 tons. According to data published by the National Union of Fisheries Cooperatives of Japan, the decline is mainly due to record low catches of Japanese squid, the main commercial species used in Japan for sashimi and dried products.Landings in 2023 fell by 20 percent to 13,348 tons, a 60-year low and the lowest level on record.

Looking forward to meet you at our Booth 3450, March 10-12, 2024 in Boston, USA

Oysters have been temporarily banned from sale in France's Arcachon Bay due to norovirus infection, according to local French media reports.

Dear friends, May your day be merry, bright, and filled with festive joy! Warmest wishes for a joyous Christmas filled with love and laughter! Cheers to a day of festive fun, delicious treats, and making memories with loved ones. Merry Christmas &Happy New Year

The situation is not optimistic as the export value of all three categories decreased Firstly, according to the latest statistics from Marketing, China's export value of primary aquatic products (03 items) in the first half of 2023 amounted to US$5.16 billion, down 20.0% from US$6.19 billion in the same period last year. Among them, the export value of five major exporting provinces, including Shandong and Fujian, subtotaled to US$4.73 billion, down 21.4% from US$5.75 billion in the same period last year. Considering that the global epidemic has passed and production and logistics have returned to normal, such a drastic decline is very rare.

The North Pacific Fishery Management Council (NPFMC) just held its annual meeting and set specific quotas for the U.S. Alaska capture fishery for 2024, with a slight upward adjustment to the pollock quota and a significant upward adjustment to the true cod quota.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.