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Prices Feb. 26, 2024 4:48 PM
Chilean coho salmon price rises spurred by hike in Atlantics

By Masahiko Takeuchi

Wholesale prices for Chilean coho salmon in Japan have risen between JPY 10 to JPY 20 per kilogram over the past week, Japanese importers told Undercurrent News

Analysis Feb. 26, 2024 2:30 PM
WTO close on fisheries subsidies agreement as ministerial kicks off

By Jason Huffman

Of all the issues at stake in Abu Dhabi, officials are most hopeful about getting the approvals needed to finalize the Agreement on Fisheries Subsidies -- Politico

Aquaculture Feb. 26, 2024 10:43 AM
Nissui-backed Seafarms ‘not liable’ over shrimp farm’s unpaid fees, will appeal liquidation

By Neil Ramsden and Masahiko Takeuchi

Nissui, which owns a 15% stake in Seafarms Group, also said it expects no impact on its own earnings after an Australian judge ordered the liquidation of Project Sea Dragon

Japan Feb. 26, 2024 10:33 AM
Turkish tuna ranchers eye China after Japan sales surge

After a successful push into Japan, Turkish bluefin tuna ranchers are targeting markets in China and South Korea, as well as in the Middle East, as they look to more high-growth markets

China Feb. 23, 2024 3:53 PM
Maruha Nichiro taps promising elder care food market in Japan, China

By Masahiko Takeuchi

Maruha Nichiro is tapping a growing market for easy-to-eat foods in rapidly graying Japan and China 

Companies Feb. 23, 2024 9:52 AM
Proximar optimistic amidst loss as first salmon harvest nears

By María Feijóo

In Q4, the company reached a crucial milestone by transferring the first fish to the post-smolt grow-out facility, setting the stage for the anticipated harvest in Q3 2024

Prices Feb. 22, 2024 4:40 PM
Japan’s top crab processor to market 5,000t of Russian kings globally in 2024

By Masahiko Takeuchi

The amount is likely to include both raw and cooked crab, of which 4,000t should sell domestically and 1,000t head to such overseas markets as Dubai, Hong Kong and Taiwan

Japan Feb. 21, 2024 2:27 PM
Japan’s Hanwa plans to market up to 7,000t of VAP Chilean coho

By Masahiko Takeuchi

Japanese trader Hanwa is developing the markets of VAP coho salmon from Chile in Japan, with a sales target set at 6,000-7,000 metric tons for 2024

Japan Feb. 19, 2024 10:47 AM
Japan’s Marubeni merges trading function into domestic wholesaler Benirei

By Masahiko Takeuchi

Benirei is Marubeni's domestic seafood wholesale arm, which generated a revenue of JPY 90.7bn, or $605m, for the fiscal year ending March 2023

Japan Feb. 19, 2024 10:37 AM
Nissui aims to increase global aquaculture sales to $670m by 2030

By Masahiko Takeuchi

Nissui's net sales from aquaculture for the 2022 year, which ended March 31, 2023, were JPY 70bn, so the JPY 100bn target would be an increase of 43%

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