Finding the right niche for cold water prawns
Organized by NASF,…
Trade and Markets
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The fish industry is an important employer with nearly 60 million people worldwide earning their living from fishing and a further 140 million employed in the fish processing and sales sectors. Working conditions differ greatly from region to region. Most countries respect internationally-recognized labour standards but there are also some horrifying negative examples that are reminiscent of early-capitalist exploitation.
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As biomass on Norwegian farms pushed regulatory limits in late summer, markets have had to absorb relatively larger volumes of farmed salmon with the prevailing exceptionally high prices falling somewhat as a result.
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Cephalopod stocks have grown over the past five decades. According to a researcher at the Institute of Marine Research in Spain, global warming may have benefited cephalopods stocks as temperature changes and the disappearance of certain upwellings have forced some predator species away from cephalopod habitats.
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Over 14 million tonnes of bivalves are produced by aquaculture every year. However, the share of bivalves entering international trade is relatively small, as most of the production is consumed within the production country. This is especially true for the top world producer, China, which produces over 80 percent of the world's bivalves
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Marine Ingredients Denmark Europe produces 10% of the world’s fishmeal and 20% of its fish oil. Here, the production plant of FF Skagen in Denmark.
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Seafood continues to remain limited on the menus of many fast food restaurants, which are frequently focused on meat products, in Europe as well as globally. Yet increasing demands for convenient food options, coupled with growing desires for healthy and “real” food, show the potential for an increase in seafood available at quick service restaurants.
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On June 23, UK citizens in a national referendum voted to leave the European Union. Such a move, if implemented, has global implications economically, geopolitically, even militarily. The vote caused stock markets to churn worldwide, while Fortune 500 corporations set strategic plans into motion and politicians alternately cheered and blamed.
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News in the salmon sector for 2016 has so far been dominated by reports of a massive algal bloom in southern Chile that had killed some 27 million fish by 10 March. Compounded by an expected drop in production in Norway where growth is currently limited by sea lice issues
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After a year of lower harvests, firming prices and relived pressure on producer margins, 2016 has started off well with a sharp upturn in seabass and seabream prices on European markets. Further reductions in supply from the major sources should see this situation continue, giving a further boost to the expanding Turkish industry and allowing Greek companies the opportunity to build on what are now more solid foundations.
