Under pressure from international sanctions, production of pollock fillets and other value-added products declined sharply last year, although Russian pollock production is at its highest level in 25 years.

Japan's squid supply fell by nearly 20% last year to only 150,000 tons, including domestic catches, imports and carry-over stocks. That's more than 50 percent less than the annual average of more than 300,000 tons since 2000, and 75% less than the 2000 supply of 667,000 tons. According to data published by the National Union of Fisheries Cooperatives of Japan, the decline is mainly due to record low catches of Japanese squid, the main commercial species used in Japan for sashimi and dried products.Landings in 2023 fell by 20 percent to 13,348 tons, a 60-year low and the lowest level on record.

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Oysters have been temporarily banned from sale in France's Arcachon Bay due to norovirus infection, according to local French media reports.

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The situation is not optimistic as the export value of all three categories decreased Firstly, according to the latest statistics from Marketing, China's export value of primary aquatic products (03 items) in the first half of 2023 amounted to US$5.16 billion, down 20.0% from US$6.19 billion in the same period last year. Among them, the export value of five major exporting provinces, including Shandong and Fujian, subtotaled to US$4.73 billion, down 21.4% from US$5.75 billion in the same period last year. Considering that the global epidemic has passed and production and logistics have returned to normal, such a drastic decline is very rare.

The North Pacific Fishery Management Council (NPFMC) just held its annual meeting and set specific quotas for the U.S. Alaska capture fishery for 2024, with a slight upward adjustment to the pollock quota and a significant upward adjustment to the true cod quota.

Prices for yellowfin tuna for December delivery continue to fall in several regions, driven by weak demand in Europe. Weak demand in Europe has led to low prices, as has skipjack tuna. The European canned tuna industry is going through a difficult period characterized by a challenging marketing season.

Wakame is one of the main types of edible seaweed. This sea vegetable is widely used in Asian cuisine, most often in soups and salads or as a side dish to seafood. China has a large source of seaweed farming and exports large quantities of wakame salads to the world. Wakame is one of the green and healthy foods of the 21st century.

Recently, the European Union Market Observatory for Fisheries and Aquaculture (EUMOFA) released its annual report "EU Fisheries Markets", which provides a comprehensive analysis of the state of fisheries and aquaculture in the EU. Highlights of the report are summarized as follows.

In 2023, China's squid import and export trade situation changed month by month, with imports increasing significantly in the first half of the year, while exports began to decline from the second quarter, the average monthly trade surplus narrowed, and consumption pressure in the domestic market is rising.

The European Union formally confirmed on Monday that it will exclude Russian and Belarusian fishery products from the next version of its autonomous tariff quota (ATQ) scheme, which will come into force in January, including Russian-origin fish products processed in China. The proposals were first made in September and the current ATQ scheme expires on 31 December. The council unanimously set quotas for 2024, 2025 and 2026 for certain fish products on 27 November.