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 Monday, Sept. 7:
Russian salmon demand has collapsed this year, declining 18.2% in the second quarter, according to Rabobank analyst Gorjan Nikolik.
The sharp decline is a blow for companies that have focused on the market following a ban on Norwegian salmon starting in 2014, leading to a sharp reduction in Russia’s overall consumption.
Chilean and Faroe Island producers have grown their market share in a recovering Russian market for salmon since 2014, although the customs office last year banned several producers after controversial random checks that were questioned by the industry. The government is expected to allow more Chilean producers to re-enter the Russian market and that will provide "real upside" to the industry, Nikolik said in a recent webinar organized by animal health company Elanco.
Ecuadorian shrimp exports to the US, meanwhile, have grown in recent months filling the void of shrimp shipments to the North American market from India, a country where the COVID-19 outbreak has frequently caused factories to cease production.
Ecuador was able to increase its US market share at a time when its commercial relations with China have been tense and shrimp shipments have dropped. But will the Ecuadorian shrimp industry be able to remain a strong trading partner for the US buyers going ahead, as India and Indonesia recover their production? It remains to be seen, sources told Undercurrent News.
Digital transformation and other new technologies offer opportunities for salmon farmers to face the crisis period, according to Ian Lozano Jeffs, the general manager of Chilean feed supplier Salmofood (Vitapro Chile).
Information is power, and to make the best business decisions "in a different way from the usual paradigm", it is vital to have quality data, he said. "With that amount of information today, through technology - business analytics, big data, and machine learning - we can make available to our clients a powerful tool to make better decisions."
Japan's tuna market is taking a significant hit from the coronavirus pandemic as restaurant-goers eat more at home and big events are put on hold. Tuna prices dropped 8.4% in July from a year earlier, far steeper than the 1.5% annual fall in overall fresh fish prices, Japanese government data shows, while Japan’s tuna imports were down 18% in the first six months of 2020 from a year earlier.
And the Global Aquaculture Alliance has announced that its third-party Best Aquaculture Practices certification program has successfully completed the pilot phase for remote auditing of farms, hatcheries and feed mills (including cluster and group remote auditing).
September 08, 2020 at 03:53PM
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COVID-19 recap, Sept. 7: Russian market recovery coming; Can Ecuador shrimp maintain US market share? - Undercurrent News
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