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Jun 21 - ANALYSIS: Tilapia and Pangasius Under Downwards Pressure


May 17 - Tilapia Prices Contract in China


May 17 - These Are The Top 10 Seafood Items Consumed In The U.S. For 2020


May 13 - ANALYSIS: Q1 Pangasius Volume Outweighs Tilapia Second Year in a Row as Record Prices Retreat


Apr 26 - Chinese Tilapia Farmers Still Worried Despite Prices Increasing


Apr 25 - Class Action Suit Claims Gorton’s Misled Consumers Over Sustainability of Tilapia Products


Apr 1 - Regal Springs, aquaManager Partner to Boost Tech in Tilapia Farming Operations


Mar 25 - VIDEO: Most Favored Nation Treatment; Fresh Tilapia Update; China Suspends Shrimp Importers


Mar 24 - ANALYSIS: Ukraine Crisis Contributing to Fresh Tilapia Premiums


Mar 22 - Tilapia Prices Increase in China


Mar 2 - A Look at the Most Popular Seafood During Lent


Feb 21 - CFIA Announces Another Seafood Recall Due to Undeclared Allergen


Feb 15 - Canadian Food Inspection Agency Announces Multiple Recalls Due to Undeclared Allergen


Dec 27 - China’s Tilapia Prices Declining With End Of The Year, Though Market Looks Better Than Prior Years


Dec 21 - REPORTER: 2021 Turns The Tables On National Seafood Month


Dec 20 - The Winding Glass: 2021 Was Fantastic Year for Seafood as Disruption Played to Our Strengths


Nov 9 - China’s Tilapia Market Stable With Price Decrease in a Few Regions


Nov 8 - PODCAST: September Shrimp Imports, Tilapia Market Update, Premium Brands' Acquisitions and More


Nov 5 - ANALYSIS: Fresh and Frozen Tilapia Pricing Narrows


Nov 3 - A Look at Seafood Items That Performed Well During National Seafood Month


Oct 18 - China: Tilapia Farm Gate Prices Mostly Rise as Retail Prices Dip


Oct 13 - Regal Springs Tilapia Becomes First Producer to Use BAP-Integrated Traceability Systems


Oct 8 - This Week in Retail: Seafood Reigns Number One in Retail Ads This Week


Sep 29 - Tilapia Performing Better in Chinese Market


Jul 27 - Regal Springs Welcomes Laurent Develle as New Head of Corporate Affairs


Jul 7 - China Sees Obvious Increase in Tilapia Prices, But It May Not Last Long


Jul 6 - ANALYSIS: Pangasius Imports Outpace Tilapia


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ANALYSIS: Tilapia and Pangasius Under Downwards Pressure

As the second quarter of the year ends, tilapia and pangasius frozen fillets are both seeing downwards pricing pressure leading into the summer. While discounts on pangasius have steadily continued since the end of the first quarter due to backorders finally catching up, combined with consumer pushback to record premiums in the wake of inflation, tilapia remained firm with an active demand until recent.

Contributing to the discounts within the tilapia market includes ocean freight relaxing, the USD gaining strength against the RMB...

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Tilapia Prices Contract in China

This early May has seen a price decrease of some tilapia in China’s Pearl River Delta (PRD) region. Many trucks have driven there to buy tilapia with more entering into the local market, but the sales have been influenced by preventions and controls of COVID-19. Overall demand is far from satisfactory.

In the region’s Huizhou city, for example, non-farm gate prices have dropped by about 0.1 to 0.3 yuan/jin (1 jin=0.5 kilo) compared with the previous week to about 6.2 yuan/jin for those weighing over 1.5 jin each...

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ANALYSIS: 2022 Q1 Pangasius Volume Outweighs Tilapia Second Year as Record Prices Retreat

The first quarter for 2022 has once again reported higher import volumes of pangasius frozen fillets compared to tilapia frozen fillets. Historically, tilapia largely outweighs pangasius volume, however, 2021 monthly import data saw that trend reversal for six out of the twelve months last year, where pangasius brought in higher volumes.

As supply improves and backorders are caught up on, pricing on pangasius out of Vietnam has allowed for discounts. As previously reported by industry players, demand...

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Class Action Suit Claims Gorton’s Misled Consumers Over Sustainability of Tilapia Products

Gorton’s Inc. is facing a class-action lawsuit that claims its frozen tilapia products have misled consumers because the products are labeled as "sustainably sourced."

The 35-page complaint was filed on behalf of New York and California consumers Jeffrey Alan Spindel and Kevin McCarthy in the U.S. District Court of Massachusetts on April 21.

The consumers argue that the fish are not sustainably sourced because they are products from fish farms in China.

“The products are in fact not sustainably sourced but instead are made from tilapia...

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VIDEO: Most Favored Nation Treatment; Fresh Tilapia Update; China Suspends Shrimp Importers

Join SeafoodNews video co-hosts Amanda Buckle and Lorin Castiglione as they break down the biggest stories of the week, including the passing of Congressman Don Young; Japan's withdrawal of the Most Favored Nation trade incentive for Russia; the latest in the tilapia market; and China's suspension of Ecuador shrimp imports.

This video is sponsored by Urner Barry's Seafood Market Update webinar. Join us Tuesday March 29th at 2 PM EST for an in-depth look at the major influencers of the seafood market such as the ban on Russian crab imports, the impact of the Lenten season, and more! Click here to register for free.

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Tilapia Prices Increase in China

During this mid-March, China’s farm gate price of tilapia increased by about 11.2% to 5.8 yuan/jin (1 jin=0.5 kilo) compared with the same period last year. It has gone up by 9.5% from the early March, according to statistics from Agricultural Wealth. The main reasons for this increase are said to be linked to farmers changing to other fish species in Guangdong. It's resulting in supply contraction, and they're waiting for higher prices.

In places like Jiangmen of Guangdong, for instance...

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CFIA Announces Another Seafood Recall Due to Undeclared Allergen

After the Canadian Food Inspection Agency (CFIA) announced a pair of recalls for seafood products due to undeclared milk on February 11, more products were recalled for the same reason on February 17.

The latest recall impacts Frobisher International Enterprises Ltd. and its 3Fish brand Sauerkraut Fish (Szechuan Style) and Tilapia Soup with Pickled Vegetables from the marketplace because they may contain milk which is not declared on the label.

The recalled products have been sold in British Columbia. As of February 17, CFIA noted no reported reactions associated...

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China’s Tilapia Prices Declining With End Of The Year, Though Market Looks Better Than Prior Years

On December 17, tilapia prices have contracted in several regions of China compared with those of December 10, according to statistics from Fishfirst. For example, farm gate prices of those weighing between 0.6 to 1 jin (1 jin=0.5 kilo), which are sold to processing plants, have declined by 0.1 yuan/jin to about 3.85 to 4.15 yuan/jin in Zhanjiang and Maoming of Guangdong, while the prices of those between 1 to 1.6 jin each have also dropped by...

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The Winding Glass:  2021 Was Fantastic Year for Seafood as Disruption Played to Our Strengths

This is the first part of a two-part end of year review. Today we will focus on the fantastic year most in the Seafood industry have had, despite the turmoil and disruption of the pandemic. 

The second part will look at how the factors that helped us in 2021 may play out in 2022 and what we think may be different.

First, some numbers. When I went to analyze what happened with the U.S. seafood supply in 2021, I was blown away by our success...

 

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PODCAST: September Shrimp Imports, Tilapia Market Update, Premium Brands' Acquisitions and More

SeafoodNews Managing Editor Amanda Buckle is back from maternity leave and reunited with her podcast co-host Lorin Castiglione! Join Amanda and Lorin as they talk about some of the biggest seafood stories from the last week, including September shrimp import numbers and the latest in the tilapia market. Plus, learn more about Premium Brands' latest acquisitions, what's going on at AquaBounty Technologies, and a new plant-based sashimi product on the market.

Full Story »

A Look at Seafood Items That Performed Well During National Seafood Month

Usually, the line around the industry goes, “October is National Seafood Month for a reason.” Historically, seafood items trend lower as the weather cools and the holiday season begins.

Things are different in 2021, as many seafood products trended up in October, with some hitting all-time highs in the process.

Nearly all items experienced upward pricing pressure during the month, feeling the impacts of rising shipping costs, container availability and the litany of logistical headaches the seafood industry has been facing...

Full Story »

Regal Springs Tilapia Becomes First Producer to Use BAP-Integrated Traceability Systems

Switzerland-based Regal Springs Tilapia became the first producer to use traceability that integrates directly with the Global Seafood Alliance’s (GSA) Best Aquaculture Practices (BAP) certification systems.

Regal Springs grows tilapia in floating pends in lakes with farms and processing facilities located in Mexico, Honduras and Indonesia that are BAP certified.

This innovation is enabled by the Wholechain traceability system and has been designed in collaboration with BAP with the goal of enabling real-time data monitoring for BAP’s certification, the GSA explained...

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Tilapia Performing Better in Chinese Market

After years of recession, China’s tilapia market has been reviving this year. Its average price has raised by about 0.8 yuan/jin (1 jin=0.5 kilo) within the past few weeks compared with previous years, according to statistics from Agricultural Wealth. Processing plants, as one main buyer put it, have spent more on purchases, while more and more of them have also been updating products from primarily processed ones to finely processed ones.

It is said that processing plants’ purchase prices for tilapias weighing over 1 jin each have once exceeded...

 

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China Sees Obvious Increase in Tilapia Prices, But It May Not Last Long

In mid-June China’s tilapia price indexes set new high records within the past seven years. The number is 108.03 points for those weighing about 0.6 to 1 jin (1 jin=0.5 kilo) each and 104.19 points for those between 1 to 1.6 jin each. The market was hustling during this period, and many farmers have enjoyed price increase to different extents.

In western Guangdong, for example, processing plants are buying small tilapia at about 3.7 to 3.85 yuan/jin and those larger ones...

Full Story »

These Are The Top 10 Seafood Items Consumed In The U.S. For 2020

Seafood consumption figures are in for 2020, revealing how the pandemic helped - and hurt - the industry.

When the coronavirus began spreading in the U.S. in early 2020, the government took extreme lockdown measures, shutting down all non-essential businesses. While restaurants were allowed to remain open, their dining rooms were closed. This was a major blow to the seafood industry, where fish and shellfish thrived at dine-in. However, retail seafood purchases did increase with many people using the lockdown to learn how to...

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Chinese Tilapia Farmers Still Worried Despite Prices Increasing

China has been challenged by a shortage of tilapias this April, especially large ones. One main reason for this is that processing plants are buying more to satisfy a great number of foreign orders. Some have raised purchase prices to get more supplies, and traders in regions like Guangdong have even driven around to buy from Hainan farmers.

Prices have risen in such a seller’s market, and they are said to have set a new high record within the past 10 years, according to Shuichan.cc. In Guangdong province, for example...

Full Story »

Regal Springs, aquaManager Partner to Boost Tech in Tilapia Farming Operations

Regal Springs and aquaManager have announced a long-term strategic partnership that will lead to state-of-the-art technology implementation in Regal Springs’ fish farming operations.

The initiatives focus on artificial intelligence, machine-learning and advanced algorithms, encompass data management and modeling, business intelligence, real-time data collection, and the latest smart devices and equipment, such as “state of the art” data-reading camera tracking systems, and have been successfully applied with more established species in marine environments, a press release from Regal Springs explained...

Full Story »

ANALYSIS: Ukraine Crisis Contributing to Fresh Tilapia Premiums

Multiple factors are contributing to the upwards pressure within the fresh tilapia market, resulting in record high or 52-week high premiums across all sizes. In addition to massive freight increases both domestically and globally, continued logistical issues, and supply constraints, fresh tilapia is also seeing upwards pressure due to rising feed costs on corn, wheat and soy.

As reported by Urner Barry's plant protein market reporter Andraia Torsiello in the Monthly Insider's Soy & Wheat Report, Ukraine accounts for roughly 12% of global wheat exports and...

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A Look at the Most Popular Seafood During Lent

Tis the season for seafood! Today is Ash Wednesday, which is also the first day of Lent. Those that observe Lent refrain from eating meat on Ash Wednesday and every Friday leading up to Easter, which this year falls on April 17. As a result, seafood sales tend to tick up.

Easter fell early last year, which according to IRI Worldwide resulted in an increase in fresh seafood sales in March.  Fresh seafood reached $548 million, a 13.3% dollar sales increase and 6.6% volume sales increase from March 2020...

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Canadian Food Inspection Agency Announces Multiple Recalls Due to Undeclared Allergen

The Canadian Food Inspection Agency (CFIA) posted a pair of recalls for seafood products due to undeclared milk on February 11.

One of the recalls focused on Metro Marine Corporation’s Our Chinese Heart brand Sauerkraut Tilapia (Hot Spicy) and Golden Soup Sauerkraut Fish (Tilapia (Mild Spicy)). The recalled products were sold in British Columbia and Manitoba, and may have been distributed in other provinces and territories.

The CFIA noted the recall was triggered by CFIA test results and a food safety investigation is underway...

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REPORTER: 2021 Turns The Tables On National Seafood Month

This article was originally featured in the Winter 2022 Edition of Urner Barry's Reporter magazine.

Usually, the line around the industry goes, “October is National Seafood Month for a reason.” Historically, seafood items trend lower as the weather cools and holiday season begins. But things are different in 2021.

Many seafood products trended up in October, with some hitting all-time highs in the process. Nearly all items which experienced upward pricing pressure during the month felt the impacts of rising shipping costs, lack of container availability, and the litany of logistical headaches the seafood industry has been facing.

Full Story »

China’s Tilapia Market Stable With Price Decrease in a Few Regions

As of late October, China’s tilapia prices are mostly stable compared with the week before due to limited supplies of mid-sized and small tilapias. Processing plants are willing to buy at comparatively high prices to meet demand abroad. Those in Hainan, for example, buy tilapias over 1 jin each (1 jin=0.5 kilo) at 4.7 yuan/jin, and their farm gate prices stay between 4.4 to 4.45 yuan/jin, according to Fishfirst.

Despite overall stability, retail prices contracted in a few regions,..

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ANALYSIS: Fresh and Frozen Tilapia Pricing Narrows

Throughout the height of the pandemic, the tilapia market remained steadfast with wholesale costs largely unchanged and import volume unaffected due to the timing of the latest harvest cycle coming to an end as China was shutting down back in the first quarter of 2020. This allowed the U.S. supply of frozen tilapia fillets to be intact for the following months. This year, however, the struggles throughout the supply chain, due in part, by labor shortages, logistical issues, and increasing freight costs have allowed...

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China: Tilapia Farm Gate Prices Mostly Rise as Retail Prices Dip

During early October, farm gate prices of tilapia have increased in many regions of China compared with the previous week, and markets look hustling with trucks driving there for purchase. However, retail prices have either stayed stable with little increase or shown signs of contraction.

In Hainan, for example, farm gate prices of mid-sized tilapia have raised by about 0.05 yuan/jin (1 jin=0.5 kilo), according to statistics from Fishfirst. Apart from limited supplies, trucks driving there from Zhanjiang to buy are also one main reason...

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This Week in Retail: Seafood Reigns Number One in Retail Ads This Week

Grocers' protein promotions this week included more seafood, which claimed the top spot in retail buying opportunities at about 30%. This is up from 27.3% the week prior and 25% this time last year.

The uptick in seafood featuring might be attributed to increased marketing campaigns for National Seafood Month. Organizations such as NOAA Fisheries utilize this month as a time to educate consumers about the U.S. seafood industry while sharing creative recipes to integrate fish, shrimp, and more into mealtimes and even tailgating parties. 

Retailers widely featured 16-20 raw shrimp this week at an average of $7.78 per pound. Down 7.5% from the week prior, this attractive price point could draw more consumers to the seafood case. 

The regional price spread for Atlantic Salmon boneless fillet ranged from $7.66 per pound to $8.86 per pound, generally down from week-ago levels but up on average from 2020. In the fresh/frozen fillets complex, tilapia averaged $4.99 per pound, down 8.6% from the week prior and 6.2% below 2020... 

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Regal Springs Welcomes Laurent Develle as New Head of Corporate Affairs

Tilapia farming company Regal Springs is welcoming a new head of Corporate Affairs. The company announced this week that Laurent Develle will be stepping in for Peter Hajipieris, the company’s current Executive Vice President of Chief Corporate Affairs and Sustainability Officer. 

Develle is the founder of Develle Insights, where he offers clients services like serving as their interim or longer term outsourced General Counsel/ Compliance Officer/ Corporate Affairs or Sustainability Officer, or serves as their external legal and/or sustainability advisor/lawyer on specific projects...

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ANALYSIS: Pangasius Imports Outpace Tilapia

In another turn of events originating from the complications set in place into the market by COVID-19, pangasius imports are currently outpacing that of tilapia. Historically, tilapia frozen fillet volume exceeds that of pangasius by just under 100 million pounds on a yearly basis, however, in looking at how volumes are tracking thus far on a year-to-date basis for 2021, pangasius frozen fillets are outpacing tilapia by over 20 million pounds from January through May.

Even with tilapia frozen fillets majorly coming from China...

Full Story »