June 8, 2024 — For the first time farmed aquatic production has exceeded the catch from traditional captured fisheries, the U.N. food and agriculture agency said on Friday, underscoring hopes that aquaculture can meet growing global demand for seafood.
In its latest biennial report on the state of world fisheries, the Rome-based Food and Agriculture Organization (FAO) said global fisheries and aquaculture production in 2022 hit a record 223.2 million tonnes.
October 5, 2022 — In 2020, the global fishing industry reached an all-time record of production worth an estimated $406 billion, according to the Food and Agriculture Organization (FAO) of the United Nations.
Fish is a key source of protein, making it essential in feeding the growing world population.
In the United States, New Bedford, Massachusetts, is the country’s most valuable fishing port, bringing in a whopping $376.6 million worth of seafood in 2020.
“Fishing stocks did have a collapse in the ’90s. It changed the species that we were offering. It changed the availability. It changed the pricing,” Laura Foley Ramsden, fourth generation “fish mongress” of Foley Fish in New Bedford, told CNBC.
The collapse led to an amendment to the Magnusson-Stevens act of 1976, which is the primary law governing marine systems, and it ultimately made the U.S. into a world leader of fisheries management, outlawing overfishing and demanding population rebuilding.
June 12, 2020 — The world is unlikely to meet a United Nations sustainable development goal on ending overfishing, according to the U.N. Food and Agricultural Organization’s recent report on the state of the world fisheries.
But the U.N.’s blunt admission that the world’s failing to meet SDG Target 14.4 – to end overfishing of marine fisheries by 2020 – has not prevented the European Union from declaring a victory of sorts in ending overfishing in its own territories.