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Archive for September, 2010

Chile – Projected increase in salmon production for 2011

Thursday, September 30th, 2010

Numerous important companies related to salmon farming in the country, have planned to increase production by 20 per cent for next year, leaving behind the crisis caused by the infectious salmon anemia (ISA) virus.

So far, AquaChile ranks first, with an estimated production of 50,000 tonnes for 2010 and 60,000 tonnes for 2011. Compared to 2006, when the firm produced 100,000 tonnes of salmon.

Ranked further behind is Mainstream Chile, with 34,900 tonnes of projected salmon production for 2010 (7,500 tonnes of Atlantic salmon, 15,400 tonnes of coho and 12,000 tonnes of trout), with production set to increase to 44,500 tonnes next year, according to Estrategia.

Meanwhile, Norwegian company Marine Harvest expects to produce around 9,000 tonnes of salmon this year, but aims to triple this figure by 2012, with around 28,000 tonnes.

For its part, Camanchaca S.A. plans to open up to 25 per cent of its stock ownership in order to increase production of salmon.

Invertec Pesquera Mar de Chiloé (Invermar) expects to close 2010 with a total production of 11,000 tonnes, and duplicate it in 2011 with 23,000 tonnes. By 2016, its goal is to exceed 40,000 tonnes.

Multiexport Foods have projected their production at 14,000 tonnes of Atlantic salmon and 13,000 tonnes of trout this year.

Pesquera Itata S.A. expects to end 2010 with 13,000 tonnes of Atlantic salmon and 1,000 tonnes of trout. In 2011 they foresee a decrease in salmon at 11,000 tonnes, but a three-fold increase in trout by producing 3,000 tonnes of the species, and from 2012 onwards, they expect total production to reach 25,000 tonnes.

Granja Marina Tornagaleones plans to produce 13,000 tonnes of salmon this year and almost double it by next year to 23,000 tonnes, whilst the plan for Cultivos Yadrán for 2010 is to cultivate some 2,000 tonnes, and in 2020 around 27,000 tonnes.

Finally, Pesquera El Golfo expects to produce roughly 20,000 tonnes of salmon, 14,000 tonnes of trout and 6,500 tonnes of Atlantic salmon by 2012.

In July, the president of the Association of the Chilean Salmon Industry A.G. (SalmonChile), Cesar Barros, said that there was a strong consensus among members of the salmon industry with regards to the recovery of the sector.

Many believed that the salmon industry will recover in about five years after the crisis faced by the appearance of the ISA outbreaks in 2007.

“That is the estimated date. Which is the consensual view on the industry, but it also depends on how new each company is, as there are some that will recover earlier than others,” Barros said.

Source: fis

Norway – Salmon forward prices up

Thursday, September 23rd, 2010

Salmon spot prices went up last week (37) for deliveries this week (38). Export volume was down for fresh salmon from 13,132 tonnes in week 36 to 12,597 tonnes in week 37, reports Fish Pool ASA.

(Graph: FishPool)

The Fish Pool Index – Spot Market Prices (fresh salmon 3-6 kg, FCA Oslo) for the latest four weeks were as follows:

Week 34: PFI in EUR: 5.03, FPI in NOK: 40.10, NOK/EUR: 7.97
Week 35: PFI in EUR: 4.67, FPI in NOK: 37.12, NOK/EUR: 7.94
Week 36: FPI in EUR: 4.51, FPI in NOK: 35.51, NOK/EUR:7.88
Week 37: FPI in EUR: 4.51*, FPI in NOK: 35.71*, NOK/EUR: 7.91

 *Preliminary FPI

The preliminary FPI is based on historical values. The final FPI will be completed Friday in the forthcoming week, when all of the 5 price elements have been updated.

Fish Pool Forward prices

The forward price reflects the expectations of the Fish Pool’s Members for the next 24 months. The prices are assessed by contracts made as well as interests to buy or sell at Fish Pool and are indications for information purposes only.

High volume and record long contracts were made in week 37: From Sep-2010 to Dec-2012, 2800 tonnes at the average price of 34.35 NOK/kg.

Forward prices are up, Q4-10 is now at NOK 35 vs. NOK 35.50.

Year 2011 was last traded at NOK 35.50, now buyer at NOK 35.10. Q1-11 is at NOK 35.50 vs. NOK 36. Q3+Q4-11 was last traded at NOK 34.70. 

Source: fis

CESE: Keeping tuna tariffs is vital to remain competitive

Tuesday, September 21st, 2010

The European Economic and Social Committee (CESE) believes that the European Union (EU) should continue to implement EU tariffs on processed tuna products, in order to maintain competitiveness.

They also requested that the Member States and the Council work towards the protection of tuna fleets operating in the Indian Ocean from pirate attacks.

In its report ‘The Status and Challenges of tropical tuna fleets of the European Union’, which was approved last week, the Committee argues that it is essential to conserve fisheries partnership agreements for the continuation of activities carried out by European tuna vessels.

The opinions of the Committee were presented by Gabriel Sarró, as rapporteur, and also participating as an expert was the secretary general of the Spanish Fisheries Confederation (Cepesca), Javier Garat.

The Committee believes that the compensatory allowance for tuna delivered by the European fleet for the processing industry should be in its original context, ie 93 per cent of Community reference price.

In recent years, this was devalued considerably, reaching 87 per cent, states the Committee.

“The report was a response to a query sent to us by the Spanish presidency of the European Union,” said Cepesca.

“It points to the major challenges facing the tropical tuna fleet from the EU, comprising of 54 tuna freezing vessels (34 Spanish and 20 French) with a catch of 400,000 tonnes per year, almost 10 per cent of the world catch of tropical tuna, working in an environment of unfair competition by fleets from other countries and a strict legal framework created by the EU itself.”

For the EESC, the survival of the EU tuna industry depends on analysing and developing new surveillance and safeguard measures within the Interim Association Agreement between Brussels and the Pacific States.

Cepesca insists that it is crucial to “retain the ACP and SPG+ preferential agreements and keep them unchanged, to prevent such events such as the recent granting of universal origin in Papua New Guinea and Fiji, as they introduced catches with zero tariffs without proof of compliance with rules of origin, which upsets the world tuna market as a form of ‘laundering products from illegal fishing’.”

Source: fis

Spain – Slight decline in fresh fish landings

Tuesday, September 21st, 2010

Between January and July 2010, 131,404 tonnes of fresh fish entered Spanish ports. This volume represents a drop of 8.9 per cent over the same period in 2009, when 144,356 tonnes were landed, claims the State Ports.

According to the report prepared by the entity under the Ministry of Development, in July, only 21,162 tonnes of fresh fish were caught, 12 per cent less than the same month last year (24,035 tonnes).

The port of Vigo received the majority of landings in July: 8,306 tonnes, which is still 9.6 per cent less than during the same month in 2009 (9,187 tonnes).

Meanwhile, in the first seven months of this year, 44,170 tonnes were landed in the Galician port, 4 per cent less than the same period in 2009 (46,045 tonnes).

In second place was the port of A Coruna, with 25,392 tonnes landed between January and July, 0.3 per cent less than during the same period last year (25,489 tonnes), and then Pasajes, with 10,898 tonnes.

The port of Ferrol-San Cibrao registered the largest increase in landings, by 94.2 per cent, as it had only received 122 tonnes in the first seven months of 2009, compared to the 237 tonnes this year.

Ranked slightly lower were the ports of Pasajes, with 10,898 tonnes, a 17.4 per cent increase between January and July 2009 (9277 tonnes), and Cartagena, with 659 tonnes, 4.1 per cent more than the same period last year (633 tonnes).

According to the latest report, the largest decrease occurred in the port of Algeciras Bay: it received only 694 tonnes of fresh fish in the first seven months, 45.8 per cent less than the same period of 2009, when landings totaled 1,282 tonnes.

Another port where there was a significant decrease in fresh fish landings was the Balearic Islands, where 978 tonnes were landed compared to the 1,687 tonnes caught between January and July 2009, ie 42 per cent less.

In the port of Motril, there was a decline in fresh fish landings by 37.1 per cent to 879 tonnes, while in the same period last year there had been 1399 tonnes landed.

Source: fis

The ISA virus that hit Chile came from Norway claims study

Friday, September 17th, 2010

A team of scientists from the Aquatic Biotechnology Center of the University of Santiago, have discovered that there is a link between the infectious salmon anemia (ISA) virus that hit the Chilean salmon industry and the Norwegian strain of the disease.

The researchers compared the genomes of infected fish in Chile with the information of specimens infected in Norway, reports the newspaper El Mercurio.

“It was logical that the disease had come with its own host, which is the Atlantic salmon,” said Marcelo Cortez San Martin, an expert who participated in the project.

The studies results were published this month in the Virology Magazine, one of the most prestigious in the world for its field.

Scientists who conducted the investigation confirmed that the virus entered the country through imported eggs and ruled out the possibility that the disease was latent historically in Chile.

“The theory that everyone believes, and is highly accepted, is that the virus came from the eggs. When Chile began in the industry, they did not have the technology to reproduce the fish. So initially, they had to be a big importer,” said Cortez San Martín.

What scientists can not clarify is whether the arrival of this virus into the country was intentional or accidental.

Even last August, the Office of Puerto Montt decided not to persevere in the investigation to find any individuals responsible for the spread of the ISA virus due to a lack sufficient background information to accuse any person or company.

The National salmon farming industry has been facing the consequences of the ISA outbreaks since 2007: a deep crisis affecting sanitation, jobs and the economy.

In the region of Los Lagos, in particular, the virus to date has caused a loss of more than USD 160 million, according to Ecoceanos News.

Last year, Roberto Neira, a researcher at the University of Chile, said the closure of the country’s borders to the importation of eggs to prevent the introduction of diseases such as ISA, among others, is “essential for health security reasons.”

“The important thing is that the genetic management is adequate to produce good quality eggs with implemented genetics and propagation systems which are required. There is a lot of knowledge over the issue, of good quality, as demonstrated by Chilean contributions which have been published and recognised even at an international level,” said Neira.

He added: “I think if they close the borders to the importation of eggs, the benefits will far outweigh any potential losses. However, it is argued that imports are worth the risk as they could afford exceptional genetic stocks that allow for high-quality lines to replace any losses incurred by allowing imports from sources qualified under strict sanitary control tests with high technical requirements.”

Source: fis

VASEP protests pangasius duty

Thursday, September 16th, 2010

The association representing Vietamese pangasius producers is complaining about a ruling that would impose antidumping duties on U.S. pangasius exports from the country.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the U.S. Department of Commerce made a preliminary decision on imposing antidumping duties on pangasius shipped to the United States between Aug. 1, 2008 and July 31, 2009. 

If the preliminary decision is made final, Vietnamese businesses will have to pay $4.22 (€3.33) per kilogram in antidumping duties, while the selling price of pangasius in the American market is much lower than the tax, VASEP said. 

VASEP Vice President Nguyen Huu Dung told Voice of Vietnam News the antidumping tariff is not reasonable as the Commerce Department selected the Philippines — a country with few fish breeding areas — to compare with Vietnam.

Meanwhile, aquaculture in Vietnam’s Mekong Delta region has developed very strongly thanks to huge investment in breeding and processing procedures and low input costs, he said. 

VASEP says it’s coordinating with relevant agencies and businesses to ask the department to reconsider its antidumping duties, which in the past have been between zero percetn and 0.52 percent on Vietnamese pangasius. 

Pangasius is now one of the top 10 most-consumed seafoods in the United States, but remains under attack from U.S. domestic catfish producers who see it as a threat to their businesses

Source: Intrafish

Vietnam’s tuna exports increase sharply

Tuesday, September 14th, 2010

Vietnam’s export turnover of tuna in foreign markets has increased sharply recently, according to the Vietnam Association of Seafood Exporters and Producers.

According to statistics from the General Department of Vietnam Customs, by the end of June 15, 2010, Vietnam had exported 37,000 tonnes of tuna, earning more than US$147 million, up 71.2 percent in quantity and 98 percent in value compared to the same period last year. The country’s tuna exports increased remarkably in the Republic of Korea’s market, followed by Taiwan at 328.8 percent, and Canada at 198.3 percent.

The US is the major importer of Vietnamese tuna with around 15,000 tonnes worth over US$75 million, up 103.8 percent in quantity and 179.8 percent in value year on year.

The US Department of Commerce said that due to the economic recovery, the US trade deficit in May hit a 18-month record high and the growing demand for seafood products in recent months has opened opportunities for Vietnam to boost tuna exports.

The European Union (EU) ranks second among countries importing tuna from Vietnam. However, due to the regulations of the IUU (illegal, unreported and unregulated fishing) law, Vietnam’s tuna exports to this market in the first months of the year declined steadily.

As of the end of June 15, Vietnam exported around 7,000 tonnes of tuna to the EU, earning more than US$24.6 million, down 14 percent in quantity and 6.6 percent in value.

Vietnam had exported over 2,600 tonnes of tuna to Japan by the end of June 15, earning nearly US$16 million, up 50.7 percent in quantity and 119.9 percent in value. However, under the Vietnam-Japan Economic Partnership Agreement, the current export tax rate on Vietnam’s tuna to Japan is higher than that of Thailand and the Philippines, making it difficult to compete in the Japanese market.

Source: vietnambusiness

Pangasius export turnover reached over US$650 million

Tuesday, September 14th, 2010

In the first six months of this year export turnover for Pangasius reached more than US$650 million and was expected to rise to $1.4 billion by the end of the year.  

Duong Ngoc Minh, deputy chairman of VASEP, said in the first six months of this year export turnover for Pangasius reached more than US$650 million and was expected to rise to $1.4 billion by the end of the year.

Exports to markets such as Russia, the US, South America and Brazil have seen a positive growth rate.

However, prices for Pangasius fell from $2.28 per kilo last year to $2.13 per kilo this year. The domestic price also fell by VND500-1,000 per kilo, depending on the locality.

Source: VASEP

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Pangasius exports, Jan – June, 2010

Tuesday, September 14th, 2010
In Jan – June 2010, Viet Nam exported 304,308MT of Pangasius, valued at US$652.752 million, up 14.3 percent in volume and 7.9 percent in value over the same period of 2009. EU block – the biggest importer of Viet Nam Pangasius – has experienced a light decrease (2.5 percent) compared to the same period last year, meanwhile the US. enjoyed rather strong growth (up 15.9 percent) during the mentioned period. Exports to Russia increased by 52.6 percent, to the U.S., Mexico, and China -19 percent, 16 percent and 3.1 percent respectively.  

Markets June, 2010 Compared to the same month of 2009 (%) Jan – June, 2010
Volume (MT) Value

(US$ million)

Volume Value Volume (MT) Value

(US$ million)

Volume (%)
EU 17,116 39.240 -17.1 -23.9 106,152 246.405 34.9
Spain 5,229 11.639 -4.2 -14.3 27,540 62.101 9.0
Germany 2,496 5.895 -32.5 -38.8 17,990 45.602 5.9
Netherlands 2,127 5.635 -25.2 -27.6 14,323 37.584 4.7
Poland 1,017 1.883 -31.5 -31.7 9,786 17.913 3.2
The U.S. 4,045 12.507 +10.5 +19.0 20,932 65.573 6.9
ASEAN 4,118 7.635 -0.2 -9.1 20,291 37.937 6.7
Singapore 1,436 2.833 +20.4 +14.0 6,522 13.154 2.1
Malaysia 1,034 1.442 -9.0 -11.3 5,613 7.628 1.8
The Philippines 814 1.615 +38.0 +27.8 3,654 7.248 1.2
Mexico 3,028 6.494 +28.9 +16.0 17,048 37.332 5.6
Saudi Arabia 1,691 3.034 -20.9 -27.1 12,158 22.690 4.0
Russia 3,099 5.246 -48.5 -46.3 12,926 21.716 4.2
Ukraine 419 0.635 -94.9 -95.5 12,514 19.685 4.1
China & Hong Kong 1,587 2.852 -0.6 +3.1 10,703 19.377 3.5
Hong Kong 1,199 2.159 -20.9 -19.0 8,443 15.136 2.8
Others 17,949 36.328 +96.2 +80.9 91,584 182.038 30.1
Total 53,052 113,970 -8,4 -10,2 304,308 652,752 100

 

Source: VASEP (Based on statistics  of Viet Nam Customs)

Norway – Salmon prices week 36

Friday, September 10th, 2010

Salmon spot prices continued further down last week. Export volume of fresh salmon almost reached 13,000 tonnes last week and is on an increasing trend the latest weeks, reports Fish Pool ASA.

The Fish Pool Index – Spot Market Prices (fresh salmon 3-6 kg, FCA Oslo) for the latest four weeks were as follows:

(Graph: Fish Pool)

Week 33: FPI in EUR: 5.45, FPI in NOK: 43.20, NOK/EUR: 7.93
Week 34: PFI in EUR: 5.03, FPI in NOK: 40.10, NOK/EUR: 7.97
Week 35: PFI in EUR: 4.84, FPI in NOK: 38.45, NOK/EUR: 7.94
Week 36: FPI in EUR: 5.05*, FPI in NOK: 40.09*, NOK/EUR:7.94

 *Preliminary FPI

The preliminary FPI is based on historical values. The final FPI will be completed Friday in the forthcoming week, when all of the 5 price elements have been updated. 

Fish Pool Forward prices

The forward price reflects the expectations of the Fish Pool’s Members for the next 24 months. The prices are assessed by contracts made as well as interests to buy or sell at Fish Pool and are indications for information purposes only. 

Forward price for October – December are up. Q4-10 traded at 34.30 NOK/kg, now 34.00 vs 34.50.

January – February 2011 was last traded 35.40 NOK/kg.

Year 2011 is now NOK 34.60 vs 35.00.

Year 2012 is now NOK 32.50 vs 33.00.

Source: fis