Saving Seafood

NFI Announces Virtual Global Seafood Market Conference 2021

December 14, 2020 — The following was released by the National Fisheries Institute:

This week the National Fisheries Institute announced registration is open for the Virtual Global Seafood Market Conference 2021: Succeeding in the Ever-Changing Seafood Industry, February 1-5, 2021. The virtual GSMC will feature two hours of daily Plenary sessions with industry experts on the markets, economics and consumer insights in the age of COVID-19.

At the same time, NFI also unveiled a year-long GSMC Webinar Series which kicks off on January 13th with the popular GSMC Shrimp Panel. The overarching theme for GSMC Virtual and the Webinar Series is “Succeeding in the Ever-Changing Seafood Industry.”

NFI has bundled the virtual conference and the year-long webinar series and is offering it to members at a value. Non-members will also have the opportunity to register.

“We’ll kick off the Webinar Series with the popular GSMC Shrimp Panel on January 13th; and a few weeks later the virtual GSMC will feature popular experts like Duane Lenz of Cattlefax – and new voices like Bo Jackson of Jackson and Partners,” said NFI’s Senior Vice President, Judy Dashiell. “We will meet in person when it’s safe; but our members rely on GSMC information. We listened and have created a robust program that spans 2021. We are committed to delivering programming with excellent speakers, seamless technology and respect for people who are attending during their workday.”

In addition to this announcement, Dashiell noted that NFI will further expand its 2021 educational programs to include the Future Leader’s Program and the NFI Shrimp School; as well as introducing the NFI Salmon School; NFI Lobster School; and NFI Scallop School.

The Virtual GSMC 2021 and the GSMC Webinar Series are supported by Premiere Sponsor Diversified Communications and Gold Sponsors Baader North America Corporation, Datassential, Foa & Son, IRI, Lineage Logistics, Los Angeles Cold Storage, Rabobank, Urner Barry, Wells Fargo Bank, and Windward Strategies LLC.

Seafood industry decision-makers have trusted GSMC analysis for a decade and in 2021 they’ll have the opportunity to absorb even more of that knowledge without leaving home.

Register by January 7 2021 to receive the Member Early Bird rate; and access the GSMC Shrimp Panel Webinar on January 13th. To register, contact Suzanne Low at slow@nfi.org. And find more information in this video.

NFI moves GSMC 2021 virtual, with in-person event still planned in May

November 24, 2020 — The National Fisheries Institute (NFI), the U.S. seafood industry’s foremost trade group, has announced its 2021 Global Seafood Market Conference (GSMC) will take place online from 1 to 5 February.

The conference, which offers seafood marketplace data to NFI members and doubles as the NFI’s annual meeting, which was originally scheduled to take place in Coronado, California, U.S.A. in January. In July 2020, NFI announced it would be moving the conference to 23 to 28 May, 2021, as a result of the global COVID-19 pandemic.

Read the full story at Seafood Source

NFI Statement on Rescheduling of the 2021 Global Seafood Market Conference

July 30, 2020 — The following was released by the National Fisheries Institute:

The National Fisheries Institute (NFI) has decided to reschedule the 2021 Global Seafood Market Conference (GSMC) from January to May as part of an effort to ensure attendees are able to join this important annual event.

Throughout the ongoing pandemic NFI has produced webinars on everything from COVID-19 market impacts to regulatory changes and value chain alterations. The success of these presentations and the significant attendance illustrate that members of the seafood community are hungry for detailed trend and data analysis, the hallmarks of the annual GSMC. While the digital space is an important platform, hour-long virtual meetings provide a limited experience compared to a full program.

Moving the conference allows NFI to continue to offer this event and provide much needed critical information during a time when there has been so much disruption in the market.

GSMC will be held 23 – 28 May 2021 at the Loews Coronado Bay Resort in Coronado, California and NFI will provide more details in the coming months.

Experts predict cod market will remain strong in 2020

January 30, 2020 — A panel of experts at the Global Seafood Market Conference (GSMC), held last week in Orlando, Florida, U.S.A.predicted the cod market will remain strong in 2020, thanks to relatively flat supplies and strong demand.

Global cod fisheries are expected to harvest just over 1.5 million metric tons (MT) in 2020, roughly the same amount harvested in 2019. As supplies remain strong but relatively stagnant, demand for the fish appears strong, with the price per MT in 2019 higher than at any other points in the past decade.

Read the full story at Seafood Source

Final 2019 Maine lobster harvest landings were better than first feared

January 28, 2020 — Despite all of the concerns expressed about the 2019 Maine lobster harvest, landings improved at the end of the year and weren’t as bad as feared, Sheila Adams, vice president of sales and marketing and co-founder of processor Maine Coast, told attendees at the National Fisheries Institute’s Global Seafood Market Conference last week.

Though lobster can be harvested all year off the coast of Maine, the season typically picks up in earnest in July and August. So many in the industry were made nervous in November when Maine harvesters were widely reported as saying they believed their landings were going to finish 2019 between 30% and 50% lower than the 2018 season total (about 54,000t).

Based on Urner Barry estimates, shared at the event, the 2019 harvest in Maine was not quite as bad as that, garnering about 43,226t, down 21% from the year before. The state of Maine’s Department of Marine Resources never publishes its official tally for the previous year’s lobster harvest until March, so it will be a while before the final numbers are known.

Read the full story at Undercurrent News

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

While global tilapia production increases, US imports fall

February 4, 2019 — Tilapia production globally has steadily increased over the past decade – with 2018 production estimated at nearly 6.3 million metric tons (MT) – yet U.S. imports were forecast to likely be at their lowest level in several years.

The data, shared at the Value Finfish panel during the 2019 Global Seafood Market Conference in Coronado, California earlier this month, estimates that the U.S. imported around 300,000 MT of tilapia in 2018. That’s significantly lower than the 500,000 MT high in 2012.

“Through October, through 2014, things have been on a pretty steady decline,” Todd Clark of Endeavor Seafood said.

The declines are clear in U.S. broadline sales, with virtually every commercial category having a steady three-year decline in sales. Commercial medium chains, representing chains with between 100 and 249 units, fell the most with a 46 percent drop in sales. Non-commercial restaurants, which make up the largest share of tilapia purchasing at over 14 million pounds, dropped six percent.

“Each one of those categories has been on a steady decline,” Clark said.

Read the full story at Seafood Source

Experts question value of “premium” seafood

January 30, 2019 — At the beginning of the panel on premium finfish at the 2019 Global Seafood Market Conference in Coronado, California, on 15 January, moderator Derek Figueroa, the chief operating officer of Denver, Colorado, U.S.A.-based Seattle Fish Company, flashed a slide with the definition of both “premium” and “premium seafood.”

  • Premium: Noun – a high-value or a value in excess of that normally or usually expected. Adjective – of exceptional quality or amount.
  • Premium seafood: Species or product form whose attributes drive product preference over and above the norm.

Figueroa clarified that the second definition had been created by the seven panelists themselves, and then, amidst updates on the status of species such as mahi, tilapia, sea bass, and barramundi, he curated a discussion on how the panelists arrived at their opinions on how they define “premium” seafood.

“What can we do to position seafood as a premium product?” Figueroa asked the panel. And, more provocatively, he added, “And do we want to?”

James Berger, the director of national sales for Jacksonville, Florida, U.S.A.-based Beaver Street Fisheries, seemed to struggle to answer Figueroa’s question.

“Is premium defined by price? Is it determined by the fact that you can’t find it – that it’s rare? Or is it defined by some stigma due to its cool Hawaiian name or that it comes from South America? I don’t know the answer,” he said.

Figueroa identified seven characteristics that can help define a species as premium: branding, price, sustainability, harvest method, country of origin, story/provenance, and whether it’s local or regional. He also pointed out the fact that harvesters, suppliers, retailers, and consumers each have their own distinct ideas of what defines a species of fish as premium. For harvesters, it could be demand, seasonality, and the labor involved. For suppliers, it could be harvest methods and availability. For restaurants or retailers, price, flavor, versatility, and sustainability play a role. For consumers, price and whether a fish is wild or farmed appear to be the main factors.

Read the full story at Seafood Source