Fish Radio
Seafood trends, markets outlined at global summit
January 30, 2015                                   Global Seafood Summit

 This is Fish Radio. I’m Laine Welch – Farmed sablefish, good cod markets and giant squid – news from a global seafood summit after this —

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 The Global Seafood Market Conference has wrapped up its annual summit, held in Las Vegas this year. The event is hosted by the National Fisheries Institute with a focus on seafood eating trends in the US and market outlooks. Undercurrent News covered the summit events in its on-site blog. Here are some highlights —

For halibut, strong demand and high prices for fresh fish is set to continue, with halibut almost exclusively seen today at high end restaurants.

 Markets for Tilapia, a tasteless farmed whitefish, continues to grow, with most of it coming from Mexico, Central and South America. Honduras increasing its US market share from 28 to 38 percent last year. Global tilapia production is pegged at 4.7 million metric tons this year, or more than 10 billion pounds.

 Alaska Pollock is the fish to push, said food service reps because ‘anything can be done with it’ and it is sustainably abundant.

 Prices for fresh Pacific cod fillets should increase due to drops in production on the east coast, and a 100,000 ton cut in the Barents Sea cod quota.

After 10 years of development Sablefish Canada in British Columbia has been shipping out farmed fish for four years to the US and Asia, with a goal to produce one million sablefish annually. Sablefish are tough to grow and very carnivorous.

 More US oysters are needed as regulations, water quality and limited hatchery production are limiting supplies.

 Panelists said world currency weaknesses will hurt frozen sockeye sales this year. The Canadian dollar, British Pound, Euro, yen and Norwegian Kroner have plummeted making it more expensive for them to buy Alaska sockeye. The market for pink salmon, however, is still strong.

 Finally, jumbo Humboldt squid, dubbed Diablo rojo, or red devils, are continuing to move north to Alaska with worries they will hurt the salmon fishery. It’s a very aggressive predator that eats everything in its path.

  Fish Radio is also brought to you by Ocean Beauty Seafoods – who salutes and says thanks to the men and women fishing across Alaska for their hard work and dedication. ( In Kodiak, I’m Laine Welch.