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Rabobank: Farmed fish, shrimp production to bounce back in 2024

December 5, 2023 — Global seafood supply is likely to rise next year, with key aquaculture production sectors returning to a period of growth after a turbulent 2023, according to new analysis compiled by the RaboResearch unit of Dutch financial services company Rabobank.

Summarizing key takeaways from Rabobank’s annual production survey with support from the Global Seafood Alliance, the report, “What to Expect in the Aquaculture Industry in 2024,” anticipates worldwide shrimp production will recover in the year ahead after a modest 0.4 percent decline in output in 2023. At the same time, global salmon harvests are likely to rise after two years of flat or declining yields, and various farmed whitefish sectors are expected to see an upturn.

Read the full story at SeafoodSource

Subway sandwich chain reportedly being sold for USD 9.6 billion

August 23, 2023 — Subway, a chain of sandwich shops with thousands of locations across the U.S., is reportedly on the verge of being sold.

Roark Capital, which already owns the Arby’s and Buffalo Wild Wings restaurant chains, is nearing a deal to buy Subway for around USD 9.6 billion (EUR 8.8 billion), the Wall Street Journal reported. The deal could be finalized as soon as the end of the week.

Read the full story at SeafoodSource

 

Kroger becomes top sushi seller in the US

August 22, 2023 — Cincinnati, Ohio, U.S.A.-based Kroger, the country’s largest grocery chain operator, with more than 2,700 grocery stores, has become the top seller of sushi in the U.S.

Kroger sold 44 million sushi rolls in 2022, a spokesperson told Business Insider, even though Kroger only sells sushi at two-thirds of its outlets.

Read the full story at SeafoodSource

 

Younger consumers redefining value at retail

August 21, 2023 — Consumers are adapting in response to strained economic conditions, even as inflation has started slowing down.

Eating at home more often remained the norm for the first half of the year among U.S. consumers, but unlike during the pandemic, shoppers lately have been branching out to different grocery locales in search of deals to reduce their food expenses. FMI – The Food Industry Association has observed shoppers’ migration to mass retail channels as they search for deals and value.

Read the full story at SeafoodSource

 

US seafood price inflation declines in all areas except frozen

May 2, 2023 — Overall U.S. retail seafood inflation dropped in the first quarter of 2023, which benefitted all sectors of the industry but frozen sales, according to new data shared at Elanco’s “Seafood in U.S. Retail” webinar on 2 May.

Total food and beverage inflation spiked 11.3 percent in the first quarter of this year compared versus the first quarter of 2022, but frozen seafood prices rose only 3.9 percent, fresh seafood prices were up 2.2 percent, and shelf-stable prices rose 3.7 percent, 210 Analytics Principal Anne-Marie Roerink said during the webinar, citing data from research firm Circana.

Read the full story at SeafoodSource

NOAA reports slight improvements in US commercial fisheries

April 28, 2023 — U.S. fisheries improved slightly in 2022, according to a new report from the National Oceanic and Atmospheric Administration (NOAA).

In its “2022 Status of the Stocks” report, NOAA Fisheries found that 93 percent of the 492 stocks the agency tracks are not subject to overfishing, compared to 92 percent in 2021.

Read the full story at SeafoodSource

 

Sustainable Seafood? It’s A Question Of Data

October 3, 2022 — The following was taken from an transcript from NPR:

AARON SCOTT, HOST:

Do you remember as a kid what you wanted to be when you grew up? Maybe an astronaut, soccer star, veterinarian, the president? Well, Alfredo Giron – he remembers.

ALFREDO GIRON: When I was 7, in second grade, my mom got for me a book about marine mammals. And it was about seals, sea lions and walruses. And I just was in love with it. I was like, I’m going to be a marine biologist.

SCOTT: But as he grew up in Mexico City, he grew out of that childhood dream.

GIRON: I started thinking, no, maybe engineering in something. And eventually, I settled down for engineering, bioengineering. I was lucky enough to get into a lab where they allowed me to do all sorts of techniques that bioengineering professionals will do. And it was not my thing.

SCOTT: But the college admissions clock was ticking, and he needed to decide where to apply.

GIRON: And suddenly this ray of light illuminated that old book in the bookshelf. I opened it, and I was like, you know what? I wanted to be a marine biologist. And I remember I loved it. So I looked up online, where can I study this in Mexico, and when is the deadline to do it? The deadline was, like, one week away.

GIRON: So I just jumped for it.

SCOTT: Alfredo went on to get a Ph.D. at UC San Diego’s Scripps Institution of Oceanography. Since then, he’s focused on using data and science to make fishing more sustainable. He’s co-founded a science-based conservation initiative called dataMares and an early career oceans professionals program at the U.N.

And he now works at the World Economic Forum, an organization that cultivates leaders to influence political objectives. There, he leads the Ocean Action Agenda, with the goal of making sure the world’s fish populations thrive for years to come. It’s a huge task considering the state of the ocean and its fisheries.

GIRON: When we think about the ocean, there’s two big things to highlight. The first one is there’s a lot of degradation that has happened over the last several decades. We can see that in fisheries in some populations literally collapsing, some species shrinking over time.

SCOTT: So not just shrinking in population, but literally, the fish are getting smaller over time?

GIRON: Yes. Yes because you select for the larger ones, and they are basically removed from the population, and you keep the smaller ones but also because as you run out of big ones, you start fishing them before they can grow that big. We have also seen a lot of plastic pollution. We have seen a lot of impacts from climate change in many different ways – increased storms, coral bleaching…

SCOTT: But Alfredo sees hope, too.

GIRON: But let me stop there with the doom and gloom. Some countries have been very successful in replenishing their fish populations. We have seen an increase in the number of countries that are pledging to protect their oceans and actually, also an increase in action. We have seen a lot of companies making commitments to make sure that their supply chains are actually free of illegal activities, free of forced labor, which, surprisingly, is still an issue in this century.

SCOTT: So today on the show, finding hope in the ocean despite all of the challenges. We track Alfredo and his collaborators’ ongoing efforts to conserve the global fish population in a tale of ingenuity on the high seas. I’m Aaron Scott, and you’re listening to SHORT WAVE, the daily science podcast from NPR.

SCOTT: Alfredo, I want to start with a basic question. What makes a fishery sustainable? How do you determine the right level of fishing so that the population will continue to thrive?

GIRON: There’s a concept known as the maximum sustainable yield. Basically, how much can you extract of a population without reducing it for future catch? And this concept is based on the idea that when you have a number of fish, you expect them to reproduce at a certain level.

It’s very difficult to implement in reality because, of course, environmental variability plays a big role in how many of those newborns are successful and can join the population. Different countries, different agencies use different exact methods to estimate these things. But in the end, this is about extracting without decreasing the total number of the population.

SCOTT: Which is complicated almost beyond comprehension. I mean, we’re talking the entire ocean here, which means all the countries and the companies and the individual boats have to basically work together to make sure they’re not fishing beyond that maximum sustainable yield you mentioned. And so one of your main focuses right now is on illegal, unregulated and unreported catch, which is a whole basket of things from boats fishing in protected areas to fishing without authorization to taking more fish than they report – things that potentially mean they’re catching beyond the sustainable limits. Would you give us a sense of what sort of problem this is globally?

Read the full article at NPR

FAO: Global seafood trade has slowed

September 6, 2022 — Thanks to decades of increased fishery and aquaculture yields and growing global demand, seafood is one of the most-traded food categories in the world today. However, the volume and value of overseas sales achieved by the industry has slipped in the past few years, according to the latest analysis from the Food and Agriculture Organization of the United Nations (FAO).

The 2022 edition of the U.N. body’s biennial “The State of World Fisheries and Aquaculture” (SOFIA) report confirms 59.8 million metric tons (MT) of seafood products worth USD 151 billion (EUR 148.4 million) were exported in 2020, the most-recent year for which data is available. This value was down from the record high USD 165 billion (EUR 162.2 billion) that the FAO recorded for 2018, while the live-weight equivalent volume was around 200,000 metric tons (MT) lower.

Read the full article at SeafoodSource

US shoppers buying less fresh seafood due to inflation

August 24, 2022 — Seafood inflation in grocery stores across the United States has been sky-high in recent months, and new data shows shoppers are buying less as a result.

Fifty-six percent of nearly 1,500 shoppers surveyed in early August 2022 said they noticed increases on meat and seafood prices throughout the past month, according to FMI-The Food Institute’s fifth edition of the U.S. Grocery Shopper Trends 2022 series, focused on the country’s annual back-to-school drive.

Read the full story at SeafoodSource

 

Retail seafood sales suffering from inflation, increased restaurant traffic

August 16, 2022 — Fresh and frozen seafood sales continued their decline in U.S. supermarkets in July due to inflation and increased restaurant visits, but shelf-stable seafood sales rose as cost-conscious consumers look for ways to save money.

Frozen seafood sales dropped 7.4 percent during the month to USD 651 million (EUR 640 million). Fresh seafood fell even more, falling 9.9 percent to USD 638 million (EUR 627 million), according to new data from IRI and 210 Analytics.

Read the full article at SeafoodSource

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