Maritime industry looks to train a skilled workforce
KFKS by Angela Denning – September 27, 2016
Whether it’s seafood processing or in a shipyard there aren’t enough skilled workers to meet the jobs in Alaska.
Ocean aquaculture could help cut strong commercial fishing deficit
Fis.com – September 28, 2016
The development of a robust aquaculture industry in the United States (US) would help cut the more than 90 per cent of seafood imported into this country annually and contribute to reduce a seafood trade deficit exceeding USD 14 billion, according to a new report.
New satellite-based technology aims to crack down on illegal fishing
Alaska Public Media by Zoë Sobel – September 27, 2016
Commercial fishing in Alaska is a multi-billion dollar industry. But every year, billions of dollars are lost to illegal fishing around the world. A new satellite-based surveillance system makes it easier to track illegal fishing. But some fishermen aren’t ready for Big Brother watching their every move.
Analysts See Healthy Growth in Global Seafood Industry Through 2020
SEAFOODNEWS.COM – September 28, 2016
London-based MarketLine, a company that publishes data analysis of a number of commodity markets, has released their latest overview of the global fish and seafood market. They are predicting continued steady growth in value through 2020 at the same rate as the past five years, nearly 4% per year.
The global fish and seafood market has grown steadily in recent years said MarketLine, registering a compound annual growth rate (CAGR) of 3.8% between 2011 and 2015.
MarketLine’s latest report shows that market values have increased in all regions. Global growth, however, is primarily driven by Asia-Pacific and South America, as the swelling middle classes begin to buy more expensive products through the organized retail channel. Despite this, the US is still the single largest market, and it is important for the global market that sales there continue to grow.
MarketLine analyst Nicholas Wyatt explains: “The US is the largest market by value for fish and seafood, accounting for 13.9% of global revenues. Value increases, while lower than in many other countries, have been driven by increased health awareness, as US public health bodies recommend eating two pieces of fish a week. Such advice is not unique to the US, and improved health consciousness is set to help the market globally in the mid to long term.”
The global market is forecast to grow at a CAGR of 3.9% between 2015 and 2020, aided by increased health consciousness and the desire for quality seafood among newly affluent consumers.
Volumes are growing at a slightly slower pace than values, demonstrating the impact of increased values in developing markets. In fact, the difference in growth rate between volume and value is greater in Asia-Pacific than it is on a global scale, providing further evidence that premium products are propelling the market in that region.
Wyatt adds: “The future looks bright for the fish and seafood market, but producers must pay attention to sustainability issues. Responsible fishing is key to the future health of the market. Overfishing or disease spread by overcrowded caging, as has been seen before in Chile, can create damaging health issues that rock consumer confidence.”
Although these issues mean forecasts must be treated with a degree of caution, the current outlook for the global fish and seafood market is very positive indeed.
Missing fish catch data? Not necessarily a problem, new study says
University of Washington by Michelle Ma – September 27, 2016
Each day in fishing communities around the world, not every fish is counted. This happens in part because of illegal fishing, poor or incomplete surveys and discarded fish from commercial operations.
Labeling and Marketing
Oceana Claims Over 75% of Americans Would Pay Premium Prices for Accurately Labeled Seafood
SEAFOODNEWS.COM [Supermarket News] by Liz Webber – September 28, 2016
Over three-quarters of Americans who consumed seafood in the past month would pay more for “legally caught and honestly labeled” seafood, according to a new survey commissioned by ocean conservation group Oceana.
Consumers differed in how much more they would pay to know that their seafood was accurately labeled. One-fifth would pay 1%-4% more, one-quarter would pay 5%-9% more, 21% would pay 10%-19% more, and one-tenth would pay 20% or more.
The survey also found a majority of respondents believe species substitution or seafood mislabeling is a problem in the U.S., with 30% saying it is a major problem and 41% indicating it is a minor problem.
Another question asked about new federal traceability requirements for seafood. Based on information provided in the survey, 83% of respondents said they favor such requirements.
The survey polled 1,000 registered American voters online. It was conducted by non-partisan polling company icitizen.
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