Saving Seafood

Lack of haddock means US importers can’t capitalize on removal from China tariff list

January 23, 2020 — Haddock has been cut from the US list of products from China subject to 25% tariffs, but there is little fish available to capitalize on this opening.

Haddock and flatfish were removed in the ‘list three’ tariffs on Dec. 17 last year, around a month before the “phase one” agreement between the US and China that effectively paused the trade war at the current levels. The bulk of seafood from China still has 25% tariffs on it into the US. China has 35% tariffs on US seafood but has committed to buying $200 billion worth of additional US products, goods and services over the next two years, reducing the US’ bilateral trade deficit in goods, which hit $420bn in 2018.

There was a “concerted effort” from the National Fisheries Institute (NFI) and industry to get haddock excluded, Todd Clark, of importer Endeavor Seafood, told Undercurrent News at the NFI’s 2020 Global Seafood Market Conference (GSMC).

Read the full story at Undercurrent News

Industry experts: Tilapia market has room to grow

January 23, 2020 — Few low-price finfish species have the ubiquitous recognition of tilapia.

The species, primarily farmed in Asia, has long been associated with inexpensive entry-level seafood, based on the low cost of production and the low price-ceiling for both buyers and consumers. A perennial staple for the seafood industry, the species has seen relatively flat pricing coupled with a rising supply in recent years.

Read the full story at Seafood Source

Alaska pollock industry officials travel to China to meet seafood importers

January 22, 2020 — A group of Alaskan pollock industry officials, in China for a 10-day trade visit to explore opportunities in the country, met with senior U.S. Foreign Agricultural Service officials at the United States’ Embassy in Beijing last week.

The tour, sponsored in large part by a grant from the Emerging Market Department of the U.S. Department of Agriculture Foreign Agricultural Service, also included stops in Qingdao and Shanghai.

Read the full story at Seafood Source

Seafood industry awaits details before celebrating ‘phase one’ US-China deal

January 17, 2020 — The US and China may have reached the interim trade agreement that loosely promises to commit China to purchasing more US seafood products, but the seafood industry is keeping its party hats and noisemakers in the drawer.

In a ceremony held Wednesday at the White House, US president Donald Trump and China vice premier Liu He signed the so-called “phase one” trade deal that has been described as hitting the pause button on a two-year trade war that has devastated the US agriculture and seafood industries.

The deal, which is expected to take effect in mid-February and spelled out in an 86-page document, commits China to buying $200 billion worth of additional US products, goods and services over the next two years, reducing the US’ bilateral trade deficit in goods, which hit $420 billion in 2018. It removes planned US tariffs on Chinese cellphones, toys and laptops, as well as halving the existing tariffs on approximately $120bn worth of Chinese goods, the Financial Times recounts.

Read the full story at Undercurrent News

“Phase One” US-China trade deal signed at White House

January 15, 2020 — The so-called “Phase One” trade deal, which cancels current and proposed U.S. tariffs on Chinese goods in exchange for structural economic reforms in China, was formally by U.S. President Donald Trump and Chinese Vice Premier Liu He on Wednesday, 15 January at the White House in Washington D.C.

The deal, which includes specific provisions pertaining to seafood, will go into effect in 30 days.

Read the full story at Seafood Source

Indonesia’s President Visits Island in Waters Disputed by China

January 9, 2020 — President Joko Widodo visited an island in waters disputed by China on Wednesday to assert Indonesia’s sovereignty amid a standoff between Indonesian and Chinese vessels.

The confrontation began in mid-December when a Chinese coast guard vessel and fishing boats, entered waters in Indonesia’s exclusive economic zone, off the coast of the northern Natuna islands, prompting Jakarta to summon Beijing’s ambassador.

Widodo told reporters on Natuna Besar island that the disputed waters belong solely to Indonesia.

“We have a district here, a regent, and a governor here,” he said. “There are no more debates. De facto, de jure, Natuna is Indonesia.”

Widodo also met with fishermen on the island. Earlier this week, Indonesia deployed more ships and fighter jets to patrol the surrounding waters. Nursyawal Embun, the director of sea operations at the Maritime Security Agency, said as of Wednesday morning that two Chinese coast guard vessels remained, while 10 Indonesian ships were on patrol.

Read the full story from Reuters at The New York Times

Tensions flare as China claims historical right to Indonesian waters in the South China Sea

January 8, 2020 — Tensions are flaring on the waters of the South China Sea as a sovereignty dispute between Indonesia and China heats up.

Tension between the two countries rose following a series of naval maneuvers by the Chinese coast guard and Chinese fishing vessels in the  waters off the coast of the disputed northern islands of Natuna, The Jakarta Post reported 5 January. The islands are located between the Malaysian peninsula and Kalimantan, the Indonesian portion of the island of Borneo.

Read the full story at Seafood Source

Alaska pollock industry officials explore export market potential in China

January 7, 2020 — A group of Alaska pollock industry officials arrived earlier this week in Shanghai for a 10-day visit to China as an exploratory trip to appraise opportunities in the country, according to a Genuine Alaska Pollock Producers (GAPP) press release.

The tour, sponsored in large part by a grant from the Emerging Market Department of the United States Department of Agriculture Foreign Agricultural Service, will also include stops in Qingdao and Beijing.

Read the full story at Seafood Source

Fish food: Feed, fishmeal sectors saw innovation, volatility in 2019

January 6, 2020 — Aquafeed and its components may not always be the highest-profile segment of the seafood industry, but given that feed is typically farmers’ biggest expense, it’s usually a top concern.

Aquaculture’s growth is spurring concerns about the use of forage fish to produce fishmeal and fish oil and encouraging the development of alternative ingredients rich in protein and omega-3 fatty acids. This drove rapid innovation in the feed sector in 2019 as entrepreneurs and established players sought to cash in on the sector’s promise.

Undercurrent News was the first to report on many of these developments, which you can review in our recap below:

January

The fishmeal markets began 2019 on a bearish note as global supplies got a boost amid strong anchovy landings in Peru even though fishmeal stockpiles in China saw lower demand due to an outbreak of African swine fever. Sources told Undercurrent that Peruvian superprime fishmeal prices, ex-warehouse, Shanghai, China, averaged CNY 10,700 per metric ton ($1,566/t) in January, down CNY 1,200/t from mid-October 2018

Read the full story at Undercurrent News

Indonesia Mobilizes Fishermen in Stand-Off With China

January 6, 2020 — Indonesia will mobilize fishermen to join warships in the South China Sea to help defend against Chinese vessels, the government said on Monday, as the biggest stand-off with China for years escalated off Southeast Asia’s largest country.

In an unusually strong statement, President Joko Widodo told reporters: “There is no negotiation when it comes to our sovereignty.”

The stand-off since last month in the northern Natuna islands, where a Chinese coastguard vessel has accompanied Chinese fishing vessels, has soured the generally friendly relationship between Jakarta and Beijing.

Indonesia’s chief security minister, Mahfud MD, told reporters that around 120 fishermen from the island of Java would be sent to the Natuna islands, some 1,000 km (600 miles) to the north.

Read the full story from Reuters at the New York Times