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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


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


Jun 15 - A Higher Quality Requirement is a Way Out for China’s Tilapia Industry


Jun 8 - Kvarøy Arctic Underwriting 2 Grants For World Central Kitchen’s Food Producer Network


May 14 - Most Shrimp and Tilapia Prices Increase in China During May’s Labor Day


May 7 - ANALYSIS: Tilapia Imports Drop 47%


May 3 - ANALYSIS: Growing Market Share for Tilapia and Pangasius


Apr 19 - PODCAST: Frozen Lobster, Tilapia, Argentine Red Shrimp Market Updates and More


Apr 16 - ANALYSIS: Tilapia Pricing at Record Highs


Feb 19 - Lent 2021: Sluggish Start For Salmon, Tilapia Facing Supply Issues


Feb 12 - ANALYSIS: Aquaculture Review: Tilapia Strengthening Amid Catfish and Pangasius Stagnation


Feb 2 - ANALYSIS: Tilapia Imports Highest in 3 Years, Prices Highest in 6 Years


Feb 1 - PODCAST: Latest COVID News out of Alaska; Lawsuit Against Subway; CA Restaurants Reopening and More


Jan 28 - The Winding Glass: Supply Disruption a Possible Major Problem for Seafood Industry in 2021


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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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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.

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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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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...

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A Higher Quality Requirement is a Way Out for China’s Tilapia Industry

After shifting greater attention to China’s domestic market, Hainan’s tilapia industry has tailored marketing campaigns to lure foodies at home. For example, in 2020 it renamed high-quality tilapias as Hainan sea bream and drafted relevant standards in order to ensure consumers that their qualities are the same as exported ones.

Its efforts seem to have paid off. As statistics show, recent sea bream sales of several leading companies in Hainan have ballooned by about 300% to 500% compared with the same period last year...

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Most Shrimp and Tilapia Prices Increase in China During May’s Labor Day

During holiday shopping, most seafood prices increase in the Chinese market. And this Labor Day is no exception for many, which have been widely received among enthusiastic buyers. Shrimp, for example, are one of the stars in the oriental market within this period, and tilapia prices have also increased in most regions. But not all are so lucky, and there are some shrimp and tilapia which have suffered price contraction during this festival.

China’s shrimp market has been hustling during this May Day. According to farmers in the...

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ANALYSIS: Growing Market Share for Tilapia and Pangasius

Year-to-date combined imports of tilapia and pangasius frozen fillets are seeing growing volumes year-over-year since 2019. While tilapia imports for this time period contracted since 2020, pangasius volume saw a resurgence after record lows last year.

In looking at monthly volume, the last four months have seen a dramatic uptick in import volume compared to the rest of 2020. As foodservice and restaurants continue to see growing demand within the United States, logistical issues including higher freight, lengthier...

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ANALYSIS: Tilapia Pricing at Record Highs 

Despite the market being frozen-in-place for the majority of 2020, frozen tilapia fillets from China have seen an average increase of $0.61 cents per pound since 2018, or up by $0.21 per pound from November 2020 when reports of increased freight were just starting to circulate. Currently, 3-5 ounce and 5-7 ounce, chem-free fillets are boasting all-time record high pricing at $2.55 per pound and $2.65 per pound, respectively.

While tariffs and freight weigh...

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ANALYSIS: Aquaculture Review: Tilapia Strengthening amid Catfish and Pangasius Stagnation

In the current market, tilapia is under upwards pressure, while Chinese catfish and Vietnamese pangasius have remained mostly steady. With all markets experiencing similar logistical obstacles such as rising freight costs, limited to no container availability, and delays from inbound and outbound COVID-19 testing procedures, why is it that tilapia is the only market strengthening at the moment?

Throughout the pandemic the U.S. tilapia market faired extremely well. The country was well supplied with product prior to China shutting...

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PODCAST: Latest COVID News out of Alaska; Lawsuit Against Subway; CA Restaurants Reopening and More

Join SeafoodNews Podcast co-hosts Amanda Buckle and Lorin Castiglione as they break down the latest COVID news out of Alaska; the lawsuit against Subway; and the reopening of restaurants in California and New York City. Plus, find out what's going on with the blue swimming crab meat market and tilapia market.

This podcast is brought to you by Urner Barry’s Reporter magazine, which is out now! The latest issue is packed with great stories...

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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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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...

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Kvarøy Arctic Underwriting 2 Grants For World Central Kitchen’s Food Producer Network

It’s all about giving back. 

Kvarøy Arctic announced on Tuesday that they’re expanding their charitable giving and support of a more diversified, equitable, and climate-change resilient food system through World Central Kitchen’s (WCK) Food Producer Network. The Norwegian Atlantic salmon farmer said they will be underwriting two separate grants in the program,which will provide essential support for aquaculture projects Coral Vita in The Bahamas, and Tilapia de la Faja in Guatemala.

“We believe in the importance of supporting a diverse array of...

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ANALYSIS: Tilapia Imports Drop 47%

Imports of frozen tilapia fillets fell from the previous month, as seasonally expected due to interruptions from the Chinese New Year holiday, by 47 percent. March 2021 recorded 10.6 million pounds of volume with an approximate value of 19.1 million dollars. Despite recording higher volume than the same month a year ago when the pandemic was just shutting down the U.S., prior to that, 2021 was the lowest March on record since 2008.

On a year-to-date basis, 2021 has imported 54.7 million pounds...

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PODCAST: Frozen Lobster, Tilapia, Argentine Red Shrimp Market Updates and More

Join SeafoodNews Podcast co-hosts Amanda Buckle and Lorin Castiglione as they talk about the frozen lobster product market; the tilapia market; the Argentine red shrimp market; and much more.

This episode is brought to you by Urner Barry Insights, available on the Comtell Platform. If you’re in the food business, you’re probably wondering about future-proofing the supply chain. Given what we’ve seen over the last year — and what we’re still contending with — the task of managing supply chains has become more challenging than ever...

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Lent 2021: Sluggish Start For Salmon, Tilapia Facing Supply Issues

Seafood is historically a popular item during Lent, but for the fresh farmed salmon complex, the start of Lent was a sluggish one. With severe weather greatly impacting demand throughout most of the country, both Valentine’s Day and Ash Wednesday were not reported to be as busy as the market has seen in years past.  

Although at the end of this week the Canadian whole fish market is reporting some glimmers of hope in regard to improving demand, the Chilean fillet market adjusted lower throughout the week...

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ANALYSIS: Tilapia Imports Highest in 3 Years, Prices Highest in 6 Years

Imports of frozen tilapia fillets took a dive into November, falling 31.7 percent for a total monthly volume of 14.3 million pounds. The previous 3-year average for the month of November is 22.8 million pounds, November 2020 falling well below average, down 37 percent.

On a year-to-date basis, however, January through November import volumes are 12.5 percent higher than the previous year, totaling 236.3 million pounds. This is the highest year-to-date total since...

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The Winding Glass:  Supply Disruption a Possible Major Problem for Seafood Industry in 2021

Despite the pandemic and the uncontrolled COVID outbreak in the U.S., 2020 was a banner year for the seafood industry. The spectacular growth in retail seafood sales compensated for the dramatic loss of foodservice opportunities. According to data presented at NFI’s Global Seafood Marketing Conference, overall seafood sales to retail and foodservice combined grew around 7% last year.

This strength is continuing into 2021. Early indications from retailers suggest that the strength of seafood sales is continuing after the holidays. Many are reporting strong...

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