Today's Main Story: Alaska's $10 Million Cut to its Fisheries Budget Expected to Ripple Across the Commercial Industry
The $10 million cut to Alaska's fishery budget for the 2017 fiscal year is expected to have widespread ramifications for the state's commercial industry. Last year's budget cuts resulted in 109 fishery projects getting axed. Now another 65 are on the cut list for the upcoming fiscal year that begins on July 1. The slimmer budget means resources are more limited for fishery stock surveys and scientific research in addition to other fishery management needs. “With cuts of that magnitude, everything is on the table,” said Scott Kelley, director of the Commercial Fisheries Division at the Dept. of Fish and Game.
We run an opinion piece from D.B. Pleschner, the Executive Director of the California Wefish Produers, that points to the recent scientific evidence that suggests West Coast sardine stocks are actually rebuilding. Pleschner writes how recent recruitment reports show the fishery's young fish stocks are trending very close to how they looked prior to the 2007 population peak. She also discusses how these scientific findings have gained little attention from the media and NGOS, who have instead blamed overfishing and lack of management for the stock's declines.
In other news, China added lobster, crab and coldwater shrimp imports to a list of E-commerce items that are eligible for expedited cross-border clearance and lower taxes. The list an effort by China to reduce the cross-border tax paid by consumers, and to close a loophole that allowed parcel shipments to avoid taxes when resold, for instance, when they are imported by wholesalers.
Vietnam expects a 12 percent hike in exported shrimp revenues to push its overall earnings in seafood shipments past $7 billion this year. Shrimp is on track to account for about half of this year's earnings.
Finally, Vinh Hoan will debut a line of untreated, premium pangasius fillets to the market at its booth number 5-553 during the Seafood Expo Global in Brussels this week. “People today want more natural food options with minimal processing and our untreated Premium Pangasius fillets provide that along with a delicious dining experience,” said Nguyen Ngo Vi Tam, Vinh Hoan Sales and Marketing Director. “With Vinh Hoan’s long-established commitment to sustainable practices, it just makes sense we would lead the way with this untreated option.”
To Read Full Story Login Below.