Welcome to visit our booth at Booth#A1-1117, Oct.30-Nov. 01 in Qingdao, China Fisheries & Seafood Expo 2024

According to the National Oceanic and Atmospheric Administration (NOAA), the U.S. imported a total of 12,092 tons of pike crab from January to May, up 25% year-on-year; and the import price rose month by month, from $11.36/lb in January to $11.83/lb in May.

Recently, the wholesale price of eels in China's Guangdong Province has risen by a whopping 25 per cent compared to last year, with the wholesale price of small-size eels climbing to RMB 210,000 per tonne, while large-size eels have also reached a high of RMB 195,000 per tonne. Behind this price movement is a combination of factors.

China imported a record 12,542 tonnes of frozen squid from Argentina in May this year, with a total value of $42.5 million, according to the latest data from Chinese customs. The surge was attributed to heavy fishing by Argentine fishing vessels, which in the first half of 2024 in reached 153,000 tonnes, up 54% year-on-year.

South Korea's imports of frozen baby octopus reached 1,904 tonnes in May 2024, up 13 per cent year-on-year, indicating strong market demand, according to the latest data from Union Forsea Corp. Cumulative total imports this year have exceeded 10,629 tonnes, up 15% year-on-year.

In week 24 (June 7 to June 13), squid prices in the Southeast Pacific and Southwest Atlantic (offline) continued to rise, but at a slower rate. While Southwest Atlantic (offline) large size squid prices saw a downward revision, Northwest Pacific and Indian Ocean squid prices remained stable.

Chinese aquatic exporters faced a significant increase in transportation costs in May as vessels were rerouted around the Red Sea, according to exporters and news reports. The situation resulted in a severe squeeze on profits.

This year's squid harvest was unusual from the start. Southern Patagonia, located south of the 49°S parallel, is not exploited by a powerful fleet, but is operated by a fleet 200 miles away. However, since the start of the season, the crews of the 70-vessel Potera fleet have found surprising concentrations of squid in the area and at this time of year.

According to a recent technical report from the Argentine INIDEP cephalopod research team as of May 6, the average daily catch of illex squid has increased from 16 tons in 2023 to 24 tons in the current year compared to last year, showing stability in the catch. Compared to 2023, the current fishing season's harvest has been more impressive. This is evidenced by a 50% increase in the fleet's average daily production and a 62.5% jump in total catch, which was achieved with a stable operation of 70 fishing vessels.

The 2024 season elver season is coming to a close, but with the end of the season comes an important change in the eel market: Prices continue to be bullish. The past fishing season saw a significant decline in elver catches in East Asia, which has had a profound impact on the eel market.

In April 2024, according to the data observation of Zhejiang Zhoushan International Agricultural Products Trade Center Co., Ltd: from the operation of the monthly price index, the monthly price of China ocean-going squid continued to rise in April 2024, the index closed at 182.11 points, up 3.61% from a year earlier, the rate of increase slightly narrowed compared with that of March (5.90%); from the operation of the weekly price index, the price of each week of April rose first and then fell, of which The first and second week prices continued to rise, the second week index for the highest ever 171.28 points, a slight increase of 0.29% over the ring, the third week the index rushed high and fell back, the index closed at 170.06 points, down 0.71% over the ring.

Russia Forecasts Big Drop in Wild Salmon Catches After a bumper 2023 harvest, production in 2024 will return to traditional levels for pink salmon. Russia expects wild salmon catches in the country's Far East to drop by nearly half in the upcoming season, which begins June 1, allowing the traditional two-year cycle of pink salmon production to return to normal levels.