US seafood trade imbalance continues to grow in 2024
The total value of US seafood exports was 16% of the total value of US seafood imports during the first half of 2024, down from the 20% ratio seen in 2023
IATTC approves 50% quota increase in eastern Pacific bluefin tuna
The IATTC has agreed to lift Mexico's bluefin tuna catch limits from 6,973t to 10,763t for 2025 and 2026, with the US quota rising from 1,017t to1,822t
EU yellowfin prices soften as slow demand offsets bad weather in Indian Ocean
Tuna fishing operations in the Indian Ocean have been grappling with challenging conditions in late August and the early days of September, impacting both French and Spanish fleets
Tradex: EU buyers should secure long-term contracts before cod, haddock prices rise further
There is some current volatility in the European seafood market, particularly in southern Europe, driven by seasonal factors, Tradex noted in its latest report
Japan’s Sojitz targets 210% seafood business profit growth to $27m
The Japanese conglomerate intends to lift its seafood business net income to JPY 4bn within three years
Just under half of global tuna stocks now meet MSC overfishing standard
The latest report from the ISSF shows that 11 of the 23 major commercial tuna stocks are maintaining stock biomass levels, up from eight last year
Carrefour suspends sourcing of Indian Ocean yellowfin for own-label cans
The GTA, an independent association of major retailers and seafood suppliers seeking sustainable tuna management, has announced its partnership with European retailer Carrefour
South Korea’s overseas fishery registers 41% growth in Jan-May tuna catch
The East Asian country's overseas fishery caught 222,943t through January-May 2024, a 38% increase y-o-y, largely due to bumper harvests of tuna and squid
Yellowfin tuna prices tick up further in July
Yellowfin tuna prices for July delivery in Spain continued to increase after the trade level reached its highest level since June 2023 last month
South Korea’s Sajo plans to hit $7.2bn revenue via M&A
Through two recent large-scale deals, the South Korean giant aims to become the third-largest food group in the country this year, then reach KRW 10tr in five years