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Dec 5 - China’s Tilapia Industry Worsens Amid Colder Weather, Trade Issues, Other Factors


Oct 23 - Trade War Taking a Toll on Seafood Industries in Both the U.S. and China


Sep 3 - LISTEN: U.S.-China Trade War Heats Up; Pink Salmon Landings; Tilapia Analysis and More


Aug 28 - China Processing Plant Buy Tilapia at Low Prices; Consumer Demand Increases Retail Prices


Aug 19 - Hainan Province Builds on Tilapia Exports While Also Developing Domestic Market


Jul 10 - China's Tilapia Industry Works to Build Domestic Market Under Trade War Shadow


Jun 21 - UrnerBarry's Summer 2019 Reporter Issue Released; Read It Online For Free Now


Jun 10 - Facing Obstacles in American & Chinese Markets, Vietnam Turns to New Customers


May 29 - Chinese Aquatic Industry Confident it Can Survive the Trade War with the U.S.


May 28 - Highly Ironic That Export Award from Gov’t Went to Maine Company Most Hurt by Seafood Tariffs


May 17 - Vietnam Takes Advantage of U.S.-China Trade War


May 10 - Despite Trade War, China's Basa and Tilapia Industries March Forward


May 9 - Potential China Tariffs Set for Friday Could Kill Tilapia Market


Apr 15 - Egypt Tilapia Production Skyrockets to Become the Sixth Largest Global Supplier


Apr 1 - China's Seafood Trade Continues Growth Trend


Feb 11 - LISTEN: Right Whale Protection Rules; U.S. Lobster Imports; Tilapia and Cannabis; and More


Feb 8 - Canadian Cannabis Company Using Tilapia to Grow Marijuana


Feb 6 - Total FDA Refusals Increase Over 48% in January 2019


Jan 29 - Lobsterfest is Back at Red Lobster With New Menu Items


Jan 21 - Basa Industry Prospers in Vietnam; China's Industry Also Blooms


Jan 7 - Total FDA Refusals Decrease Over 25% in December 2018


Dec 31 - Recent Cold Snap Swept Away Hard Work of Tilapia, Basa Farmers in China


Dec 20 - AquaBounty and Intrexon Developing Gene Edited Tilapia; Receive GMO Exemption


Dec 20 - Weight Watchers Partners with Blue Apron, Introduces New Tilapia and Shrimp Dishes


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China’s Tilapia Industry Worsens Amid Colder Weather, Trade Issues, Other Factors

This October has seen tilapia flooding into China’s domestic market in large quantities, and its farm gate prices have started to contract and stayed below 5 yuan/jin (1 jin=0.5 kilo; $0.71/jin USD). With the coming of cold temperatures in early November, the prices have further declined rather than rebounded, and farmers have tried their best to sell their fish as soon as possible.

According to one Guangxi farmer, farmers have to sell even at losses, because of low temperatures...

Full Story »

Trade War Taking a Toll on Seafood Industries in Both the U.S. and China

After President Trump initiated a trade war against China, drastic changes have occurred to the trading between these two large economies. Both parties are suffering with no winner from either country, according to several media reports, and the seafood industry is among the biggest victims. Industry participants in both countries are feeling the pressure.

In China, for example, tilapia prices have decreased due to the coming harvest season and America’s higher tariffs. According to one processing plant in Zhanjiang, the price of live tilapias...

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China Processing Plant Buy Tilapia at Low Prices; Consumer Demand Increases Retail Prices

Chinese processing plants’ tilapia buying prices have hit the lowest level within the past five years in August. For example, in western Guangdong and Hainan, their purchase price dropped by about 0.4 yuan/jin (1 jin=0.5 kg; $0.06/jin USD) compared with last August. Due to hot weather and typhoons, farmers are eager to sell, but processing plants are not that willing to buy. The plants prefer large tilapia...

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China's Tilapia Industry Works to Build Domestic Market Under Trade War Shadow

The trade war between the U.S. and China is believed to have a great influence on the two countries’ seafood trading, and China’s tilapia export to America is among the biggest victims in the war, according to media reports. China used to rely on exports for its tilapia sales, but now it is shifting attention to new markets, especially domestic markets.

Hainan is one main tilapia aquaculture region in China, and about 30% of the country’s tilapias come from this province. Tilapias account for more than...

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Facing Obstacles in American & Chinese Markets, Vietnam Turns to New Customers

Recent years have been tough for Vietnam’s seafood industry, especially the basa sector, and the country has run into trouble in its two main markets, the U.S. and China. Its basa exporters used to hope their products could replace tilapia in the American market, but America’s high anti-dumping tariffs have made it difficult to earn any profits in their export to America.

According to statistics from the American government, the tariff on Hung Vuong Group is $3.87/kg USD while it used to be zero. The tariff also rose...

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Highly Ironic That Export Award from Gov’t Went to Maine Company Most Hurt by Seafood Tariffs

[The Winding Glass is an opinion and commentary column from SeafoodNews Founder and Publisher John Sackton.]

The danger of an escalating trade war with China for the seafood industry runs on two tracks.  For importers, especially of tilapia, the prospect of a permanent 25% tariff will force a major reshuffling in the category.  Unless the exemption on taxing products from the US processed in China is revoked, other items like pink salmon, twice frozen cod and pollock, and processed flatfish which are...

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Despite Trade War, China's Basa and Tilapia Industries March Forward

May 10, 2019

A recent tweet from President Trump has claimed his intention of a trade war with China and correspondingly stirred up global basa market. It has brought US dollar appreciation, raised China’s costs in buying basa from Vietnam and also pushed more Americans to buy basa as substitutes for tilapias.

According to some processing plants in Vietnam, they have already got more orders from America now. And with greater demand of America, farm gate prices of Vietnam’s basa are expected to further raise, and the global market is likely to encounter problems of shortage and rising prices like it did last September.

In spite of more orders, Vietnam’s processing plants are not that profitable in American market owing to anti-dumping tariffs...

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Egypt Tilapia Production Skyrockets to Become the Sixth Largest Global Supplier

The past decade has seen the ballooning of Egypt’s tilapia industry. The country’s tilapia harvest is said to have jumped by 80% within the past 10 years to reach an annual production of about 900,000 tons. Now it is only second to China regarding farming, and its Nile tilapia harvest is said to grow at annual rate of around 5%.

All this can be hardly possible without such factors as great domestic demand and support from feed companies at both in Egypt and abroad...

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LISTEN: Right Whale Protection Rules; U.S. Lobster Imports; Tilapia and Cannabis; and More

Welcome back to the SeafoodNews Weekly Podcast!  This episode of the podcast breaks down right whale protection rules in the Gulf of St. Lawrence; how the China tariffs are impacting U.S. lobster importers; November 2018 shrimp imports; pesticide use in Washington oyster beds; and how tilapia is being used to grow cannabis. Plus, find out “Guardians of the Galaxy” actor Chris Pratt’s connection to shrimp!

This episode is brought to you by the Urner Barry Executive Conference, taking place in Las Vegas from April 28...

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Total FDA Refusals Increase Over 48% in January 2019

Total refusals of shipments increased 48.3% from January 2018 to January 2019. Year-to-date there are 175 line item refusals compared to 118 at this time last year.

Snapper had the biggest YTD increase in January, with 71 line item refusals compared to 3 at this time last year; a 2266.7% increase. Tilapia refusals also increased, with 16 line item refusals YTD compared to 4 last year YTD. That’s a 300% increase. Shrimp increased 52.4%, with 32 line item refusals YTD compared to...

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Basa Industry Prospers in Vietnam; China's Industry Also Blooms

The past year has witnessed great changes to the global basa industry. The existing giant, Vietnam, has achieved success in both aquaculture and exports. Meanwhile, there are rising newcomers to this industry such as China. Following is a simple review of what has occurred to this increasingly lucrative industry.

There is no doubt that industry leader Vietnam was the biggest winner last year. Its processed basa exports has rose by 15% in 2018 to reach $2.26 billion USD compared with the year before, while its production rose by 8.4% to reach 1.42 million tons. These ...

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Recent Cold Snap Swept Away Hard Work of Tilapia, Basa Farmers in China

This should have been a satisfactory year for basa farmers in China, if not for a cold wave that hit the country earlier. Many farmers intended to wait for the fish to grow larger and then sell them at higher prices but they were caught off guard by the cold weather. It is estimated that more than 1 million jin of basa (1 jin=0.5 kilo) froze to death in cities of the Pearl River Delta region like Zhuhai, resulting in...

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Weight Watchers Partners with Blue Apron, Introduces New Tilapia and Shrimp Dishes

Eating seafood while dieting just got a whole lot easier. Weight Watchers (WW) announced on Thursday that they have entered into a new partnership with home delivery meal kit company Blue Apron to bring a weekly rotation of recipes inspired by the WW Freestyle program.

“This partnership is all about bringing delicious, inspiring meals directly to your home,” WW President of North America Stacey Mowbray said in a statement. “The recipes – based on WW Freestyle, our most effective and livable program to date – make cooking at home simpler...

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LISTEN: U.S.-China Trade War Heats Up; Pink Salmon Landings; Tilapia Analysis and More

Join SeafoodNews Podcast hosts Lorin Castiglione and Ryan Doyle as they discuss the latest from the U.S.-China trade war; salmon landings in Alaska and Russia, an update on the tilapia market; subpar shrimp landings in the Gulf of Mexico and more!

This episode was brought to you by Maine Lobster. The rocky coast of Maine is home to one of the most iconic and sustainable fisheries in the worlds. With 5,600 independent lobstermen from multi-generational families, the Maine Lobster industry is committed to bringing...

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Hainan Province Builds on Tilapia Exports While Also Developing Domestic Market

As customs statistics show, the city of Haikou, in Hainan province, China, has exported 2,447 batches of tilapia products for a total weight of about 51,000 tons during the first half of this year. Its export value rose by 6.1% to reach nearly $140 million compared with the same period last year.

To boost tilapia exports, local customs has taken measures to hasten clearance actions and also ensure product qualities. For example, customs officials have inspected 388 aquaculture facilities and two export companies for quality control.

In addition to ...

Full Story »

UrnerBarry's Summer 2019 Reporter Issue Released; Read It Online For Free Now

reporterA brand-new issue of UrnerBarry's Reporter is out now! The Summer 2019 issue is the annual market analysis edition, and just like previous years, the magazine is jam-packed with need-to-know information.

On the seafood side of things check out analysis pieces on the….

Shrimp Market: U.S. imports record volume of shrimp in 2018, prices feel pressure

Lobster Market: Life after the 25% Chinese tariff

King and Snow Crab Markets: King crab down 17% at retail; Unprecedented spread between...

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Chinese Aquatic Industry Confident it Can Survive the Trade War with the U.S.

America’s decision to levy higher tariffs on China has influenced the global market, including the seafood sector. Some have expressed concern about aquatic industries in both countries. However, according to Chinese exhibitors in this year’s Asia-Pacific Aquaculture Expo, they are confident they can survive and handle this war, according to media reports.

Among all seafood on America’s higher-tariff list, tilapias have captured great attention due to their high export volume to the U.S. Many media report the industry is worried about the...

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Vietnam Takes Advantage of U.S.-China Trade War

President Donald Trump’s recent tweets about tariffs and China has hit both the U.S. and China hard and also influenced global markets. Some countries will likely suffer, while some are believed to benefit from the fight between the two large economies. Vietnam is likely to be a winner in this trade war.

America’s higher tariffs on Chinese commodities are expected to encourage more Americans to purchase basa from Vietnam as substitutes for China’s tilapias. Meanwhile, Vietnamese seafood exporters also intend to seize this opportunity and expand...

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Potential China Tariffs Set for Friday Could Kill Tilapia Market

[News analysis]  Just when most importers felt the situation with China was moving towards a resolution, the US abruptly filed to impose tariffs of 25% on the $200 million worth of Chinese goods that are currently taxed at 10%.

Originally these tariffs were to go into effect on January 1st, and the prospect of a serious trade war contributed to the 20% sell-off in the stock market last fall.   With the postponement, markets recovered.

Unless there is a last minute change or this was a brinkmanship negotiating tactic, the Trump Administration will impose the 25% tariff as of midnight Thursday night, May 9th.

This means any shipment from China currently on the water and subject to the 10% tariff will see that tariff rise to 25%...

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China's Seafood Trade Continues Growth Trend

China's seafood industry set new records last year for trade. Trading volume increase 3.33% to reach 9.544 million tons, while the value increased 14.44% to $37.188 billion USD. To be specific, its export volume contracted by 0.4% to only 4.322 million tons, but the value rose 5.56% to $22.326 billion USD. And the import volume rose by 6.64% to 5.222 million tons, while the value jumped by 30.99% to $14.861 billion USD.

With regard to exports, tilapia is still popular among foreign buyers and they have enjoyed increased...

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Canadian Cannabis Company Using Tilapia to Grow Marijuana 

All eyes are on the cannabis market, and Canadian company Green Relief is certainly running with an interesting concept. The company, which operates out of an underground facility in Ontario, prides itself on “blending sustainability with science to produce pure, effective medical cannabis.” And yes, that includes operating a cutting edge aquaponic farm.

 

Right now Green Relief is the only medical cannabis provider in the world that uses aquaponics. Breaking it down simply, the fish they raise – tilapia in this case - produce waste...

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Lobsterfest is Back at Red Lobster With New Menu Items

Red Lobster welcomes back its annual Lobsterfest event, featuring the largest selection of lobster dishes available all year. For a limited time, guests can choose from exciting options including NEW! Lobster in Paradise featuring a crispy coconut Maine lobster tail, as well as classic favorites, like the Lobster Lover's Dream, this year featuring a butter-poached Maine lobster tail alongside a roasted rock lobster tail and lobster and shrimp linguini, according to a company statement.

"Lobsterfest is one of our guests' favorite events because there are so many different ...

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Total FDA Refusals Decrease Over 25% in December 2018

Total refusals of shipments decreased 25.7% from December 2017 to December 2018. Year-to-date there are 78 line item refusals compared to 105 at this time last year.

Tuna had the biggest YTD increase in December, with 243 line item refusals compared to 156 at this time last year; a 55.8% increase. Mahi Mahi refusals also increased, with 172 YTD compared to 137 last year YTD. Snapper stayed the same, with 59 line item refusals last year and YTD this year...

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AquaBounty and Intrexon Developing Gene Edited Tilapia; Receive GMO Exemption

AquaBounty and Intrexon announced this week that their jointly developed gene edited line of tilapia is “exempt from GM regulation” according to Argentina’s National Advisory Commission on Agricultural Biotechnology (CONABIA).

Intrexon is a leader in the engineering and industrialization of biology to improve the quality of life and health of the planet. GM salmon farmer AquaBounty is a majority-owned subsidiary of Intrexon.

According to a press release, the engineered tilapia was developed using gene editing techniques and do not contain any foreign DNA or...

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