The novel coronavirus COVID-19 continues to upend the global seafood trade, reducing foodservice demand and complicating supply chains. If you have any stories on how your company is dealing with the crisis, message us here. Here's a recap of pandemic-related seafood news from Friday, July 3:
The coronavirus pandemic is driving a drop in farmed shrimp supply in 2020, but will also cause fundamental, longer-term changes to the market, said the founder of a big Asia-based supplier. Jim Gulkin, the founder of Bangkok, Thailand-based Siam Canadian Group -- a frozen seafood supplier with offices across Asia -- believes Indian production could contract as much as 20% in 2020 to around 450,000-525,000 metric tons.
In China, Deyan Aquatic Products & Food Co. has become the first crayfish company in the world to attain two-star certification under the Global Aquaculture Alliance's Best Aquaculture Practice (BAP) scheme. Two of its processing plants and farms attained BAP certification during the spring, despite the setbacks and restrictions caused by coronavirus.
Meanwhile, prices for Chilean salmon in the US market rose ahead of the Independence Day holiday weekend, with strong promotion-driven demand and low wild sockeye supply from Alaska contributing to the increase, sources said.
The average (FOB Miami, after handling at coldstore) price for fresh "trim D" fillets has risen to around $4.50 per pound, having been at $3.35/lb in week 24 (June 8-14), as the coronavirus pandemic depressed demand in foodservice.
Lastly, the Chinese government's requirement that Canadian lobster exporters assume any liability for the transmission of COVID-19 is not "reasonable", Nova Scotia premier Stephen McNeil said
July 06, 2020 at 02:47PM
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COVID-19 recap, July 3: Gulkin sees COVID drive shrimp supply drop; Chile salmon prices rise in US - Undercurrent News
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