EP 256 | AIRED 10/19/2015

Small Pollock Size Creates Mince Market Opportunities; Salted Cod Halted to Brazilian Market

October 26th, 2015 - Welcome to The Tradex Foods"3-Minute Market Insight" This is Robert Reierson and here is the seafood news for Monday October 26th, 2015.

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--- --- This is Robert Reierson and here is the seafood news for Monday October 26th, 2015. --- The fresh Halibut market has been strong all season and looks to continue as we approach the November 7th season closure. Fresh pricing in Alaska remains fairly high, leaving little room for freezing. It seems the days of Large sized Halibut landings are gone, as 40-60s become the biggest landings lately. Females tend to be bigger than male fish, and their life span is lengthy, possibly indicative of a smaller Halibut fishery in the future. Current pricing on 7oz IVP skinless portions is $12.55 / LB in Seattle. H&G pricing in Seattle for #1, trimmed 20-40s is $8.75 / LB. This year's quota was up by 6 percent at 29.2 million pounds, and the new quota will be set next January. --- Black Cod, also called Sablefish, pricing has been steady as landings continue to come in strong. The season ends on November 7th, as well, with around 19 million pounds caught of the 23.5 million lb quota. Pricing on 5-7s in Vancouver right now is $9.50 USD / LB on random weight 50s and $9.35 / LB for toted product. Smaller sizes like 3-4lb are around $6.70 USD in Vancouver for frozen at sea product. --- Our TradexLIVE offer of the week is for 7lb+ H&G Black Cod - Wild Caught, Shore Frozen, IQF, and packed 1x50lb. There are just under 2,000 lbs available in Vancouver for $10.40 / LB USD. Click or tap the icon above to view this offer. --- Now over to Kyla for a look at Sole... --- Current catch in the Bering Sea and Aleutian Islands for Yellowfin Sole and Rock Sole are down 18 percent and 12 percent, respectively, over this time last year. As for pricing, 5-8oz IQF Sole Fillets are currently $2.10 / LB in Seattle. 6-8oz skinless, boneless Petrale Sole Fillets are going for $5.00 / LB in Bellingham right now. Dover Sole is caught from Northern California up to the Bering Sea and is managed by NOAA under their "Other Flatfish" catgeory. This category's TAC saw a minimal increase this year from 2,600 metric tons to 3,000 metric tons. To date, 2,400 metric tonnes of flatfish in this category have been caught. --- European Lemon and Dover Sole are becoming scarce. Scientific Reports on the North Sea indicate the body of water warming FOUR TIMES faster than the overall global average. Prices could rise as these species become harder to harvest. --- In the twice frozen marketplace, European Frozen Sole sales are strong. Chinese processing plants are pushing to ship out all Sole before the end of November, before a new European import tax begins in 2016. The US Market for Sole used to be strong, especially on larger sized fillets, not any longer though. Some American vendors use the larger and cheaper Alaska Plaice to replace Flounder fillets, edging out Chinese produced Flounder offers. --- Back to you Rob! ----Thank you for joining me for the Tradex Foods "3-Minute Market Insight" This is Robert Reierson - “BUY SMART” and “EAT MORE SEAFOOD

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