NEWS ARCHIVES

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Archive for June, 2010

Seafood prices may rocket due to oil slick

Thursday, June 24th, 2010


Officials have announced a ban on fishing for at least 10 days in waters off Louisiana spanning to parts of the Florida panhandle as the oil slick from a leak spreads across the Gulf of Mexico.

Rough weather conditions are complicating crews’ efforts to contain the oil slick.

Seafood from the Gulf could become unavailable for months due to the calamitous environmental effects of the explosion and sinking of the Deepwater Horizon drilling platform last week off Louisiana.

The oil reached the state’s coast last Thursday night.

On Friday, Gov Bob Riley said people and businesses can be compensated financially for their incurred losses by BP, the company responsible for the drilling platform and accident, Atmore Advance reports.

Prices of shrimp, oyster and other types of seafood harvested in the Gulf may soon be shooting up.

Oysters from Louisiana makes up about one-third of the country’s total oyster output, and the Gulf of Mexico is a prime spawning region for fish, shrimp and crabs.

“We have been getting our local oysters in containers from Mississippi and Louisiana suppliers,” said Joe Lewis, owner of East Brewton Seafood Market. “But we get our oysters in the shell from Appalachacola, but they are very expensive.”

“If things continue the way they are going, the prices will certainly go up,” he continued.

As many as 100 fishers are volunteering their vessels for the oil cleanup to take place in the coming weeks, according to Lewis.

“I may be able to get fish one more time,” said Lewis. “I get most of the seafood we sell here from Bayou LaBatre, and some fishers there have already stopped fishing to be able to use their boats in the clean-up.”

Local seafood markets like Family Seafood hundreds of miles away in places like South Norfolk, Virginia, could soon be feeling the impact of the fishing ban.

“We’ve already been told that shrimp and oyster prices will be going up,” said Ron Lucas of Chesapeake. “We are going to be relying more on local industry for the oysters.”

Fishers face a bleak situation in the Gulf.

“If this hits the shore, we’re ruined,” Lewis said. “If the problem isn’t contained and cleaned up, things are going to get tough. It looks rough right now.”

And if the oil gets into the Gulf Stream, it could potentially drift around Florida and up the country’s eastern coast, reports Wavy.

The advantage of exporting pangasius due to the weather

Thursday, June 24th, 2010

The below article is provided by the Saigon Times – their English is a little tricky, but the information is valuable:

Exporting pangasius of Vietnam from beginning of year till now is in advantage because the winter’s climate in Europe is severe this year and the regulation of access the fishing seafood’s origin in this market, it makes the source of supply reduce strongly

Mr. Duong Ngoc Minh, head of management board for exporting pangasius to Russia, said that exporting pangasius of Vietnam is now in advantageous condition, more orders, the export price’s increase pushed the pangasius’ price in January 1.000 VND/kg in addition compared to the December of last year

The unusually severe and long winter in Europe made the fishing seafood be fewer, and the problem that EU gave the regulation of accessing origin of fishing seafood importing to this market from the beginning of this year made the source of supply of fishing seafood in EU reduce strongly

“This is the chance for raising seafood as Vietnam pangasius or Norway salmon”. He said and added, the present severe winter in China also makes the raising Tilapia’s source of supply in this country reduce strongly in the international market

Additionally, because the economic has lasted for 2 year, 2008 and 2009, importers have reduced buying output and now, the fishes in stock of importers was empty, so it is necessary to buy for their market in 2010

Exporting pangasius of Vietnam last year got 1.34 billion USD, reduced 7.6% compared to 1.45 billion USD of 2008 due to global financial crisis

Source: Saigon Times Online

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