EP 167 | AIRED 01/20/2014
Pollock is now called Cod? New China Export Regulations, 2014 Halibut Fishery TAC
January 20th, 2014 - Welcome to The Tradex Foods
"3-Minute Market Insight"
This is Robert Reierson and here is the seafood news for Monday January 20th, 2014.
---3-Minute Market Insight - Pollock is now called Cod? New China Export Regulations, 2014 Halibut Fishery TAC
NOAA Has Recently Confirmed the Change of the Scientific Name of Walleye or Alaska Pollock
Pacific Halibut Meeting Concluded January 17th Setting the 2014 Pacific Halibut Catch Limits
Effective January First there are New Regulations Governing the Export of Goods to China
China Regulation Change Has caused Hundreds of Thousands of Salmon Orders to be Cancelled
Pollock has been re-Classified as a Cod based on extensive Genetic Studies
Pollock is in an Evolutionary Lineage that Included Pacific, Atlantic and Greenland Cod #PollockNameChange
It was Noted that Pollock was More Closely Related to Atlantic Cod than other Cod Species
Walleye Pollock will Now Bear the New Latin Name Gadus chalcogrammus
What does #PollockNameChange mean to the Seafood Industry re: Labelling, Marketing, Species Identification
Pollock Packaging at this point can show Either Latin Name on Packaging but must show common name
The annual IPHC Halibut Meeting Concluded on Friday Jan 17 where negotiations for Halibut Quota were confirmed
After recommendations of a 21% cut, the @IPHC announced a 2014 Pacific Halibut TAC of 27.515 Million pounds
2014 Halibut TAC is roughly an 11.2% reduction compared to 2013 for Alaska, BC, Washington, Oregon, California
Low Halibut Inventory and a Lower Halibut Quota will make for an interesting start to the 2014 Halibut Fishery
The @IPHC & Alaska journalist @medischner were Live Tweeting the Halibut Meeting using #IPHC2014AM
Over the Last Few Years there has been a dramatic increase in Social Media engagement in the Seafood Industry
2014 will be a very Exciting year for Social Media & the Seafood Industry as more companies continue to utilize it
Look out for New & Exciting ways that Tradex Foods & Industry will be using Social Media in 2014
Effective January 1st there are New Regulations Governing the Export of Goods to China
All Seafood products entering China from USA are to be processed at USDC Inspected & Approved Establishments
Previous China Regulations Required only Inspection of Goods Prior to Export & the Issuance of a Health Certificate
The New China Regulations Require the Certification of Both the Processor and the Products
China Policy Change Caused Hundreds of Thousands of LBS of Salmon Sold to China to be Cancelled
Even if Processors Register for USDC Audit, the Products Will Still Remain In-eligible for Export
In coming weeks Inventories of Chum and Pink Salmon may Show up in the Domestic Market
Look out for a Reduction in Supply from China of Finished Goods for Pink & Chum Salmon cut from USA Raw Materials
Processors in China have been Increasing Prices for USA Chum Salmon as 2013 harvest was lower than expected
w/ the China Policy Change it is certain Chinese Processors will react by Limiting Supply & Pushing Prices Up
3-Minute Market Insight: "What a Week it has been in the Seafood Industry"
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This is Rob Reierson - “BUY SMART” and “EAT MORE SEAFOOD”
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