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, please email us, [email protected] Here's a recap of pandemic-related seafood news from Friday, Sept. 25:
Even though retail demand for shrimp in the US has been booming, the high level of foodservice dependence means a harsh winter with the coronavirus pandemic is likely coming, according to a top sector analyst.
With prices for some sizes at record low levels, the opening is there for a significant increase in retail sales, assuming the drop is passed on to consumers, said Angel Rubio, a senior data analyst for Urner Barry.
US trout and steelhead grower Riverence has hired Louis Anello, who previously worked at major distributor Santa Monica Seafood and processor Pacific Seafood Group, as its senior vice president of sales and marketing. Anello's task is to grow sales nationally for a company hit hard by the COVID-19 pandemic.
In Argentina, a "cocktail of issues" including issues related to the pandemic have caused landings of the species to be much lower than in previous years, sources told Undercurrent News.
Meanwhile, salmon prices in Chile have begun easing again as volumes re-enter the "pipelines" following the trucking strike and a national holiday. In Scotland, prices are expected to be flat for week 40, while prices in Norway also look stable, if uncertain.
In Qingdao, China, two port workers unloading frozen imported seafood have tested positive for the coronavirus, adding to alarm in the country that contaminated imports could be transmitting the virus.
Lastly, Jala Tech, a fast-growing start-up serving shrimp farmers in Indonesia, is looking to partner with a fintech firm on a trading platform as the next step of its development, one of its founders told Undercurrent.
The driver of the idea is the coronavirus pandemic, which pushed Jala into shrimp sales to help its farmer customers, said Aryo Wiryawan, its co-founder and CEO.
September 28, 2020 at 02:27PM
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COVID-19 recap, Sept. 25: More pain ahead for US shrimp sales; Tech firm's Indonesia trading portal - Undercurrent News
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