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WTO strikes global trade deals after ‘roller coaster’ talks

June 17, 2022 — The World Trade Organization agreed on the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.

The deals were forged in the early hours of the sixth day of a conference of more than 100 trade ministers that was seen as a test of the ability of nations to strike multilateral trade deals amid geopolitical tensions heightened by the Ukraine war.

The package, which the WTO chief called “unprecedented”, included the two highest profile deals under consideration – on fisheries and on a partial waiver of intellectual property (IP) rights for COVID-19 vaccines.

The accord to curb fishing subsidies is only the second multilateral agreement on global trading rules struck in the WTO’s 27-year history and is far more ambitious than the first, which was designed to cut red tape.

Read the full story from Reuters

Russian government considering relief measures as seafood industry struggles

June 15, 2022 — The Russian government has amended several fisheries-related regulations, including postponing for two years a vessel-construction requirement contained in its investment-quota program.

Russia has also abolished the mandatory conversion of revenue earned by exporters via foreign trade into rubles, and has allocated RUB 153 billion (USD 2.7 billion, EUR 2.5 billion) in direct aid to its agricultural and fisheries sectors to fortify them as they cope with the tightening financial vise of global sanctions put in place following the country’s February invasion of Ukraine.

Read the full story at SeafoodSource

 

USDA nears record buying total as it seeks more Alaska pollock

June 14, 2022 — The U.S. Department of Agriculture is aiming to buy another significant amount of Alaska pollock, after already making several purchases earlier this year.

The USDA is asking suppliers to bid on 7.6 millions pounds of pollock for its National School Lunch Program and other federal food and nutrition assistance programs. The deadline for bids is 21 June, 2022.

Read the full story at SeafoodSource

 

US consumers increasingly putting health and environment first

June 13, 2022 — The following was released by the Marine Stewardship Council:

New figures released today suggest that US consumers are increasingly supporting the health of the ocean when deciding which fish and krill oil supplements to buy, according to new data shared by the Marine Stewardship Council (MSC), the international non-profit responsible for the world’s most widely used sustainable seafood ecolabel.

Figures highlighted by the MSC show that the number of fish oil supplements carrying the MSC blue fish label has grown by 44% in the US during the last five years, from 132 to 191. In the last year alone, consumers bought more than 8.5 million bottles and packets of MSC-certified fish oil supplements in the US. For products to carry the MSC blue fish label, every company in the supply chain must have a valid MSC Chain of Custody certificate and each product must be reviewed and approved

According to GOED, the Global Organization of EPA and DHA Omega-3s, a trade group that includes companies all along the supplement channel, from fisheries to finished products, the 2021 US EPA and DHA omega-3 supplement market reached $1.35 billion in value. GOED also projects the US omega-3 supplement market to grow by 3.8% by 2023[1]. Many EPA and DHA omega-3 fisheries are MSC-certified, are pursuing MSC certification, or are covered by specialized national or regional monitoring bodies.

Krill continues to be the most popular species used in MSC-certified sustainable omega 3 supplements, such as Epion Brands’ Kori Pure Antarctic Krill Oil offering MSC certified krill oil supplements. Other newly launched supplements are helping to diversify the range of sustainable products on the market. Examples include Natural Force Pure Omega-3 liquid, which sources its fish oil from the MSC-certified Menhaden fishery[2], and Garden of Life’s Dr Formulated Prenatal Multi and DHA, the first MSC-certified supplement for pregnant women. Pet owners can also opt for MSC-certified fish oils for pets, including Dr Mercola’s Krill oil for cats and dogs, Mud Bay Salmon and Pollock Oil and Vital Pet Life Salmon oil.

Fish oil can be obtained from two sources: 1) small pelagics — small fish such as herring, sardine, and menhaden[3] — can be processed into fish oil, and 2) trimmings or by-products of a species caught for human consumption, such as the liver, heads, and fins of pollock, cod or salmon. The latter process helps reduce waste by ensuring the whole fish is used.

Trimmings from MSC-certified salmon fisheries in Alaska, for instance, are used to produce Steward Supplements and Vital Choice salmon fish oils. While the skin of MSC-certified North Atlantic cod is used to make Dr Mercola’s Marine Collagen pills.

The demand for fish oils, set to grow by 6% by 2026, will increase pressure on fish stocks, especially small pelagic fish stocks, 46% of which are already currently overfished[4]. Ensuring these stocks are managed sustainably is imperative. The growth in the number of consumers choosing fish oil produced from  sustainable fisheries[5] is helping to turn the tide, in-part, by driving a rapid growth in the number of MSC-certified small pelagic and reduction fisheries[6]. In 2022, landings from small pelagic species engaged in the MSC program totalled over 4.2 million tons, representing around 15% of small pelagic landings worldwide, up from 8% of small pelagic landings in 2016.

“Small pelagic fisheries, those that are often used to produce fish oils, play a critical role in the marine ecosystem,” said Erika Feller, regional director, Americas at the Marine Stewardship Council. “Small pelagic species, such as krill, sardine and menhaden are at the base of marine food chains because they are also food for many other marine species. Overfishing these species could have a significant negative impact on delicate marine ecosystems, which is why it’s so important for consumers to choose sustainable fish oil products produced from MSC-certified fisheries. MSC certified fisheries take an extremely cautious approach in setting catch limits for low trophic species — or species low in the marine food chain that play a key role in the ecosystem such as small pelagics — harvesting fish at a more conservative rate compared to other species. This ensures stocks remain abundant and helps to protect seafood supplies and the ocean ecosystem.”

Chris Gearheart, director of growth and engagement at GOED, said “GOED is proud of our member companies’ commitment to the sustainable use of marine resources and public health. MSC certification is an excellent path for companies who source omega-3s from the ocean and want to improve fisheries management.”

The increasing demand for fish oil for human consumption has had a dramatic impact on the growth of MSC-certified fish oil products globally. In 2008, only four MSC-labelled fish oil supplements were available worldwide. This has grown to more than 500 MSC labelled products in 2021. Globally more than 20.5 million bottles or packets of MSC-certified sustainably sourced fish oils were bought by consumers — up by 75% or nearly 12 million bottles and packets just three years ago.

“We can all can contribute to a healthier planet by buying fish oil products with the MSC blue fish label, and now is an important time as ever to make choosing more sustainable options even easier for consumers,” continued Feller.

 

Container prices, port problems set to spike

June 13, 2022 — Container prices, which have already significantly increased globally, are expected to continue to spike this year.

“One of the big reasons why prices are going up is the cost of shipping things across the Pacific, in particular,” United States President Joe Biden said during a call with retailers, per Freightwave.

Read the full story at SeafoodSource

 

NRF, NFI renew push urging Biden to drop tariffs on Chinese goods

June 9, 2022 — The National Retail Federation (NRF) and the National Fisheries Institute (NFI) are making renewed efforts to fight the impact of Section 301 tariffs on seafood and other goods from China.

The NRF is urging the Biden administration to repeal the tariffs, noting that they have cost U.S. importers USD 136.5 billion (EUR 128 billion) since 2018.

Read the full story at SeafoodSource

 

Steep lobster price fall represents a return to normalcy – for now

June 7, 2022 — Sky-high lobster prices over the past several months appear to have abated, both at the shore and in the market.

The price has dropped steeply enough that it’s garnered wider media attention, with reports saying the price of lobster has suffered its largest drop in years. The Fish, Food & Allied Workers Union in Newfoundland and Labrador, Canada reported the average market price went from USD 10.50 (EUR 9.81) per pound in mid-April to USD 8.22 (EUR 7.68) in late May.

Read the full story at SeafoodSource

 

Survey finds voters support expanding US aquaculture

June 7, 2022 — A survey commissioned by Stronger America Through Seafood (SATS) found a strong majority of likely voters would support lawmakers expanding opportunities for offshore fish farms.

The survey, cundected by Echelon Insights and released on 6 June, was conducted in May 2022 and surveyed 1,020 people nationwide. According to the results, more than 60 percent of respondents said they would be more favorable toward their U.S. representative if they backed legislation to increase access to offshore waters for American businesses.

Read the full story at SeafoodSource

 

Walton Family Foundation poll finds Americans want sustainable seafood

June 7, 2022 — A new poll commissioned by the Walton Family Foundation has found that a majority of Americans want assurances that the seafood they’re eating is sustainable.

The poll, performed by Morning Consult, surveyed 2,210 adults nationally and found that consumers felt the sourcing and supply chain of meats and seafoods is important. According to the survey, 72 percent of consumers support increasing the traceability of seafood, and sustainability was the second-most important factor in purchasing seafood – behind only price.

Read the full story at SeafoodSource

 

Russian seafood market facing rising uncertainty

June 3, 2022 — The future of the Russian seafood market remains unclear as the country’s invasion of Ukraine continues, with a decline of household incomes forcing a rebuild of business models in premium segments.

The economic uncertainty that emerged in late February and early March due to sanctions imposed on Russia in response to its invasion of Ukraine led the government to quickly tighten its control over consumer markets. The Russian ruble also heavily depreciated against the euro and U.S. dollar, which coincided with an exodus of major Western brands from Russia, all of which have hurt economic stability and impacted consumer behavior.

Read the full story at SeafoodSource

 

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