Seafood Inflation May Be Less Than Meets the Eye
In the past couple of months, several news stories have highlighted the difficulty some restaurants are having coping with higher seafood prices.
“Very few products are not going up in price,” Santa Monica Seafood President and CEO Roger O’Brien told SeafoodSource recently.
The price inflation in the distributor, processor and food service operators’ sales to foodservice customers alone was a “whopping 29 per cent” in June, O’Brien said.
This surge was a result of a ...
The U.S. Seafood Market Firing on All Cylinders Could Raise Global Market Share
All of us have been amazed at the strength exhibited by frozen food and in particular frozen seafood during the COVID-19 pandemic.
Rather than the collapse of foodservice leading to less consumption, American consumers used money they saved by not eating out to increase their share of higher end retail seafood purchases.
This was dramatically evident in the retail demand for crab and lobster and it has been reflected in pricing.
But another interesting thing is happening in the ...
New Website Promoting Canadian Seafood
Canada is world-renowned for producing some of the most exceptional seafood in the world.
The taste and quality of Canadian seafood is unlike anywhere else in the world. That is why Nova Scotia, New Brunswick, Prince Edward Island and Newfoundland and Labrador, have launched a new website, Seafood from Canada, to promote the region’s seafood to international export markets. The new website is www.SeafoodfromCanada.ca
“Canadian seafood harvesters, farmers and processors work tirelessly ...
Billion-Dollar Clearwater Deal With Premium and Mi’kmaq First Nations Coalition Finalized
A coalition of seven Nova Scotia First Nations communities is now the proud co-owner of one of North America’s largest vertically integrated seafood companies and the largest holder of shellfish licenses and quotas in Canada.
The billion-dollar sale of Clearwater Seafoods Incorporated to Premium Brands Holdings Corporation and FNC Holdings Limited Partnership, representing a coalition of Mi’kmaq First Nations, was finalized on Jan. 25, after Clearwater shareholders voted overwhelmingly ...
COVID-19 Impact on Lobster Markets a Daily Concern
Above: Lonnie Snow photo
It is day by day for lobster buyers and dealers in the Maritimes, as the COVID-19 pandemic continues to impact markets around the world.
“The marketplace continues to be a work-in-progress,” said Leo Muise, executive director of the Nova Scotia Seafood Alliance. “As of the end of January, we can report that 2020 was rather challenging in the seafood sector and the initial weeks of 2021 have been similarly so.”
Muise said the market in ...
Glimmer at End of the Pandemic Tunnel
It is no secret that the COVID-19 pandemic has shaken the global seafood industry to its core.
Traditionally, Atlantic lobster has been one of the key commodities driving the seafood engine locally and around the world. So, what will the 2021 lobster season have in store for harvesters, buyers and processors?
A mere 12–14 months ago, not even the world’s biggest pessimist would have predicted the pandemic-driven fear and turmoil that gripped the entire globe. But it happened and the ...
2020: A Glass Half-Full View
In 2020, we learned many new things that will help propel our industry forward and we also learned that some of the overall trends in our industry continued unabated, pandemic disruption or not.
Seafood has always had a unique role among the centre of the plate proteins in the North American diet. It is the healthiest protein. It has the lowest carbon footprint and the least environmental impact. It has the greatest variety of taste, texture and mouthfeel.
The downside has been that ...
Despite Uncertainties, Signs Point to a Good Holiday and Lent Season for Seafood
After seven months of struggling to keep businesses going during the pandemic, it seems we are in a bit of a lull.
No end is in sight, but things are not getting dramatically better either. The bounce back we experienced both in terms of sales demand and restaurant demand in June and July appears to be fading.
In mid-September, we were simply facing a huge number of uncertainties. They included the election in seven weeks, a potential stall in job creation and employment this fall with ...
COVID-19-Related Retail Seafood Increase Likely Permanent
One of the biggest surprises of the coronavirus pandemic has been the surge of interest in retail seafood, surpassing that of red meat.
It is more and more likely that the boost to retail seafood represents a permanent change in consumer behavior. This provides a real retail opportunity for both supermarkets and the seafood suppliers who deal with them.
Nielsen released data on both the performance of seafood and beef over the 16 weeks ending on June 20, during which most Americans ...
These days, nearly all commercial food products are grown, harvested, cut and packaged in accordance with specifications.
Governments specify the minimum requirements that must be met to ensure consumer health and safety. Food retailers, restaurant operators and other food service organizations specify additional requirements to ensure their products will be attractive to consumers, meet targeted price points and fit into their production and distribution systems. Both sets of specifications ...