With Pacific Cod Problems, Whitefish Buyers May See a Wild Ride in 2018
After a period of relative stability, the next seafood commodity that may be buffeted by price swings will be whitefish.
Cod, the premium product in the complex, is likely to see shortages and rising prices in some specialty markets. But for buyers, there is instability throughout the complex.
Haddock, cod, tilapia, pangasius and pollock prices are all out of their normal relationship to each other. Disruptions in the cod market, possible major disruptions in pangasius and the fact that ...
Last month in this column, I talked about changing markets and provided some examples of how the U.S. market for fish products had changed over a 20-year period.
This month, I will focus on how the supply of fish has changed in recent decades.
Markets have two sides — demand and supply. Markets are primarily about the demand side — purchasing and consumption — because that is the reason there is a supply. Without buyers, there would be no suppliers. As I have said before in this ...
Cod, Shrimp and Pangasius See Gains in U.S. Consumption
Cod is the big winner in the per capita U.S. consumption numbers, as it has taken an increased share of the whitefish market over the past five years.
The per capita consumption numbers released by the National Fisheries Institute recently showed a drop in overall U.S. seafood consumption from 15.5 to 14.9 pounds. Almost all of the drop was attributable to salmon, where consumption fell .7 pounds per person.
The NMFS model, on which NFI bases its numbers, is a disappearance model and is ...
NL-GIDC Outlines Priority Issues for Groundfish Industry Development
Above photo: NL-GIDC independent chair, Jim Baird
Since its inception in April 2016, the Newfoundland and Labrador Groundfish Industry Development Council (NL-GIDC) has quickly become a major player in formulating a strategy for re-establishing a commercial cod fishery in the province.
The organization, made up of processors, harvesters and government officials, recently unveiled its latest strategy at its annual general meeting in St. John’s.
“The way forward for our provinc...
Citizen Science Pilot Cod Project
Citizen scientists count.
The phrase citizen science may be new to you, but it is an old practice. Before the 20th century, science was done by “gentleman” scientists who worked independently such as Benjamin Franklin, Sir Isaac Newton and Charles Darwin.
The phrase “Citizen Scientist” was only added to the Oxford English Dictionary in 2014 and it’s defined as “scientific work undertaken by members of the general public, often in collaboration with or under the direction of ...
Onwards and Upwards Navigator
Looking back over 60 years involvement with the fishery, it is always nice to focus on important milestones, especially the really positive ones.
The Navigator is certainly one of those. I remember with fond memories the call from the TriNav trio to help plan a fisheries magazine a couple of years after they formed their company.
After its launch and writing many articles over the years, it was a wonderful feeling to see it flourish and grow.
My wish is that the magazine continues to ...
We catch fish because we can sell them and earn an income.
We don’t intentionally catch fish for which there are no markets.
We can earn a better income, if we have a better understanding of what markets want and are willing to pay for and if we then organize ourselves to provide it.
It’s also important to understand that markets change over time, sometimes because of changes in what customers want — or can be enticed to buy — and sometimes because of changes in what can be ...
More Questions Than Answers
The problem with aspects of our fishery has more to do with what we don’t know.
What we do know is that both the crab and shrimp populations in some areas are in serious decline and salmon returns this past year on Newfoundland’s east coast were the worst on record. As well, the seal population on Canada’s east coast numbers some eight million in total, no doubt the highest on record and that there are a whole lot of anomalies and changes taking place in the water column.
We also ...
On the Waterfront – October 2017
Marine Institute Receives Funding for Eelgrass Restoration
Dominic LeBlanc, Minister of Fisheries, Oceans and the Canadian Coast Guard recently announced that the Fisheries and Marine Institute of Memorial University of Newfoundland and Labrador will receive $4.7 million over five years for a project to help restore eelgrass ecosystems in Placentia Bay, Newfoundland.
The Marine Institute is the first group in Newfoundland and Labrador to receive project funding through the fund.