Saving Seafood

  • Home
  • News
    • Alerts
    • Conservation & Environment
    • Council Actions
    • Economic Impact
    • Enforcement
    • International & Trade
    • Law
    • Management & Regulation
    • Regulations
    • Nutrition
    • Opinion
    • Other News
    • Safety
    • Science
    • State and Local
  • News by Region
    • New England
    • Mid-Atlantic
    • South Atlantic
    • Gulf of Mexico
    • Pacific
    • North Pacific
    • Western Pacific
  • About
    • Contact Us
    • Fishing Terms Glossary

Rabobank: 2023 will be record year for global shrimp output, while salmon production will normalize

December 5, 2022 — Despite mounting concerns over rising costs and general market conditions, there’s optimism across the aquaculture industry coming into the New Year, according to new analysis compiled by the RaboResearch unit of Rabobank.

Summarizing key takeaways from the Global Seafood Alliance’s (GSA) GOAL Conference 2022, held in Seattle, Washington, U.S.A. in October 2022, Rabobank’s latest aquaculture report, “What to Expect in the Aquaculture Industry in 2023,” found the global shrimp supply is on a positive trajectory, while farmed salmon production should “normalize in the short-term.”

Read the full article at SeafoodSource

Rabobank: Global seafood trade facing challenges after strong post-COVID rebound

October 14, 2022 — Already firmly established as the world’s most-traded animal protein, with commerce valued at 3.6 times the size of beef, five time that of pork, and eight times greater than poultry, the global seafood trade flow added a further USD 13 billion (EUR 13.4 billion) to its value in 2021, climbing to a new high of USD 164 billion (EUR 169 billion), according to the latest industry report compiled by Rabobank.

According to the Dutch multinational banking and financial services company’s “Global Seafood Trade: The Decade’s Winners Grow in Influence,” released 13 October, premium aquaculture – in particular salmon and shrimp – has been a driving force behind this growth.

Read the full article at SeafoodSource

Wells Fargo, Rabobank economists predict continuing supply-chain woes

January 24, 2022 — Robust U.S. demand for goods and ongoing transportation and logistical challenges will result in continued supply-chain challenges through the rest of the year, according to economists from Wells Fargo and Rabobank.

Speaking at the 2022 National Fisheries Institute Global Seafood Market Conference, Wells Fargo Senior Economist Tim Quinlan said strong retail sales in the United States, driven by rising wages and government stimulus, kept demand for goods high through 2021, putting pressure on the import market to keep pace. But delays due to COVID-19-related transportation slowdowns, workforce shortages, and lack of competition in the shipping industry prevented supply chains from catching up with demand, and delays will continue for the foreseeable future, Quinlan said.

Read the full story at SeafoodSource

 

US institutional foodservice expected to recover in 2023

September 28, 2020 — In harsh news for seafood suppliers and distributors, the United States institutional foodservice sector is not expected to recover until 2023.

The new Rabobank projection is based on current trends and assumes no major resurgence in U.S. COVID-19 cases, which could alter projections, according to Amit Sharma, executive director of food and foodservice for Rabobank.

Read the full story at Seafood Source

 

RAS to disrupt the salmon sector within the next decade, says Rabobank

October 18, 2019 — The tide is turning for recirculating aquaculture systems (RAS) and this emerging technology has the potential to change the face of aquaculture over the next decade, claims a new report from Rabobank.

Analysis in the “Aquaculture 2.0: RAS Is Driving Change” report, compiled by RaboResearch Food & Agribusiness, states that while the “RAS concept is still under development and the future holds uncertainties,” the number of proposed projects to farm seafood species using this technology is increasing day by day, with the majority of ventures focused on salmon farming.

Read the full story at Seafood Source

Aquaculture supporters send letter to Congress

February 7, 2019 — More than 120 seafood industry leaders and other aquaculture proponents have signed on to a letter that was sent to members of Congress on Wednesday, 6 February, urging federal lawmakers to open up opportunities for offshore fish farming.

The letter, sent to legislators by Stronger America Through Seafood, said House and Senate members plan to reintroduce updated versions of the Advancing the Quality and Understanding of American Aquaculture (AQUAA) Act. The bills would streamline the permitting process for aquaculture initiatives based in the U.S. exclusive economic zone (EEZ).

“It is time for the U.S. to get into the aquaculture game and provide new local sources of sustainable seafood for consumers,” the letter said. “We can do it here, we can do it right and we can do it [now].”

The letter also said the country risks missing out on getting a piece of the growing aquaculture industry, which researchers believe will continue to grow. According to Beyhan de Jong, a Rabobank researcher, the industry produced USD 232 billion (EUR 204.8 billion) in goods in 2016. It stands to grow by another USD 100 billion (EUR 88.3 billion) in less than a decade.

Read the full story at Seafood Source

Fish 2.0 Offers Cash, Advice to an Ocean of Seafood Start-Ups

January 25, 2018 — In a large ballroom at Stanford University’s Arrillaga Alumni Center, jittery entrepreneurs make their way onto a small stage to pitch their sustainable seafood ventures. Out of 184 applications, only 40 have made the cut. Among the finalists are a mail-order oyster startup that will ship the food overnight to your door, a manufacturer of devices that track lost fishing gear, an Alaskan processing facility looking to expand, and training programs that teach Peruvian fishermen how to operate more sustainably.

They’re taking part in the third bi-annual Fish 2.0 competition, and the stakes are high. Many of these entrepreneurs have never made a pitch in front of an audience before. And with some of the largest and most respected investors in the sector, including Rabobank, Aqua-Spark, and Obvious Ventures, eagerly looking on, competitors are anxious to make a good impression. Flanked by projectors and armed only with a microphone and a remote to advance their slides, entrepreneurs from as far away as Italy, Peru, and the Solomon Islands have only a few minutes to make their pitch in front of a four-judge panel and a room full of potentially lucrative connections.

With global demand for sustainable seafood growing rapidly, the industry hasn’t been able to keep pace. Programs like Fish 2.0 hope to meet that demand and support the sector’s growth by connecting investors to emerging businesses. Similar to accelerators like Mixing Bowl, Imagine H2O, and the Chobani Incubator, Fish 2.0 aims to strengthen the sustainable seafood movement by helping ventures become financially sustainable, scalable, and profitable.

Although Fish 2.0 is framed as a competition, networking is what really matters for most participants. The eight competition winners each receive $5,000 in prize money, but for past winner Norah Eddy, whose company Salty Girl Seafood sells sustainable fish in ready-to-cook, pre-marinated packages, the experience and exposure were more important than the actual cash. Eddy says the connections she fostered at Fish 2.0 two years ago have remained fruitful for Salty Girl, which has expanded its line of products since they won a prize at the competition.

“We’ve subsequently raised money and our connection to Fish 2.0 has only served us well in business following the competition,” Eddy adds.

A Forum for Changemakers

Fish 2.0 is the brainchild of Monica Jain, a Wharton MBA graduate and former marine biologist, and it brings her two passions together. “There are a lot of great companies starting up and they need capital to grow effectively,” she says. “It’s the same in every field. We can’t expect innovative business to grow without capital.”

Funded by academic institutions, the David and Lucile Packard Foundation, USAID, the U.S. State Department, investment funds, and others, the Fish 2.0 process starts a year before the actual event, with businesses applying to the competition online. Each applicant is put through a series of assessments that examine their business plans, potential for impact, risks, and opportunities for investment. While some businesses are well-established and looking to expand, others are looking for their initial seed money.

No matter the size of their business, each of the top 40 entrepreneurs is paired with an impact advisor and an investment advisor who offer feedback on both the science and the business sense of their model. The contestants span the broad and diverse seafood supply chain, with offerings ranging from an oyster co-op in Florida looking for investors to help fund construction of a hatchery, to Seafood IQ, an Icelandic company that uses radio frequency identification (RFID) labels so consumers can be sure they know where their fish is coming from.

Seafood provides a unique challenge because the industry is global, fractured, and full of middlemen. Salmon, for example, may be caught in Alaska, processed in China, and then shipped back to the U.S. for sale. As with other meats, it’s often difficult to tell where seafood is coming from or whether it’s sustainable. And the problem is getting more pronounced as global demand increases. In 2016, the Food and Agriculture Organization (FAO) found that global per capita fish consumption had hit more than 44 pounds a year, an all-time high.

Earlier this year the World Bank reported that, “about 90 percent of marine fisheries monitored by the FAO are fully fished or overfished, up from about 75 percent in 2005.” In addition to increased consumption, the report also points to the fact that “fish stocks are also under pressure from pollution, coastal development, and the impacts of climate change.”

Rather than focusing on improving consumer education or tightening governmental regulations, Fish 2.0 hopes to protect the oceans by showing sustainability makes good business sense. Because the seafood industry relies on natural resources, Jain believes that sustainable ventures, which are able to preserve those resources for years to come, are more “likely to do better in the long run.” Sustainable, she says, is simply “better business.”

Tim Fitzgerald of the Environmental Defense Fund (EDF)—and a judge at this year’s Fish 2.0 contest—agrees that this investment is vital to the long-term health of the oceans. “To have large-scale change, you have to engage business,” he says.

Read the full story at Civil Eats

 

Recent Headlines

  • Biden backs sanctuary status for Remote Pacific Islands waters
  • NEW JERSEY: Van Drew holds hearing on wind farm, calls it collusion of big government and industry
  • MASSACHUSETTS: Cape Lobstermen Would Rather Wait Than Switch
  • Commercial Fishing Vessel Owner Cost Survey Now in the Field
  • NEW JERSEY: Congressman Slams Biden, Murphy For ‘Shoddy’ Offshore Wind Farm Strategy In New Jersey
  • What’s next after court ruling scuttles Gulf reporting system for charter boats?
  • US FDA releases report outlining how it plans to keep seafood imports safe
  • Bumble Bee Foods to remove labor claims from marketing materials

Most Popular Topics

Alaska Aquaculture ASMFC Atlantic States Marine Fisheries Commission BOEM California Climate change Coronavirus COVID-19 Donald Trump groundfish Gulf of Maine Gulf of Mexico Illegal fishing IUU fishing Lobster Maine Massachusetts Mid-Atlantic National Marine Fisheries Service National Oceanic and Atmospheric Administration NEFMC New Bedford New England New England Fishery Management Council New Jersey New York NMFS NOAA NOAA Fisheries North Atlantic right whales North Carolina North Pacific offshore energy Offshore wind Pacific right whales Salmon Scallops South Atlantic Tuna Western Pacific Whales wind energy Wind Farms

Daily Updates & Alerts

Enter your email address to receive daily updates and alerts:
  • This field is for validation purposes and should be left unchanged.
Tweets by @savingseafood

Copyright © 2023 Saving Seafood · WordPress Web Design by Jessee Productions