News (3)
Farmed Salmon Price Volatility Worse Than Shrimp As Prices Soar More than 60%, 3rd Time Since 2010
The farmed salmon industry is concentrated, highly developed, and major producers are mostly public companies. The shrimp industry is fragmented, made up of many smaller producers, and has far more global production sites.
Yet Farmed Salmon prices are far more volatile than shrimp. This year, for the third time since 2010, fresh salmon fillet prices have soared by more than 60% in a few short months. In 2016, prices rose over 60% from last November until July...
Japan's Seafood Imports Fall Sharply in June as Ongoing Consumption Declines, Strong Yen Deter Sales
Ongoing declines in Japanese seafood consumption coupled with shifts in foreign exchange rates contributed to declines in Japan’s seafood import volumes and values in June.
According to a report from Japan’s Finance Ministry, seafood imports in June were down 12.4 percent by volume at 159,868 ton. The value of those imports was down 16.5 percent to Y110,767.
AquaBounty Testing Market Potential of its GM Salmon in Brazil and Argentina
AquaBounty Technologies has initiated field trials of its AquaAdvantage genetically modified salmon in Brazil and Argentina.
Its genetically modified salmon have already been approved for sale in the US and Canada, the group is now seeking other markets.