Weekly Seafood Report

Tim Sloan V.P. Sales & Marketing E.Frank Hopkins Co.,Inc. 215-468-9190 215-468-9189 Fax 215-588-8017 Cell Tsloan@hopkinsseafood.com

Tim Sloan
V.P. Sales & Marketing
E.Frank Hopkins Co.,Inc.
215-468-9190
215-468-9189 Fax
215-588-8017 Cell
Tsloan@hopkinsseafood.com

Here are some Locally Harvested Species that we have been procuring: Swordfish, Mako Shark, Albacore Tuna, Sea Scallops, Monkfish, Mackerel, Whiting, Fluke, Flounder, Striped Bass, Hake, Clams, Oysters, Hard & Soft-shell Crabs. Please remember these are wild caught so availability depends on weather, phases of the moon, quotas, etc…
2) Salmon-The fresh, wild, Alaskan Sockeye season is coming to a close. Total landings were excellent this year with close to 53 million fish landed. Japan was a large importer of the Sockeye, especially the smaller 2-4 lb fish. Canada is currently open for Sockeye harvesting. The catch in the Fraser River is running less than half of originally forecasted. On the farmed side Scotland produced a record 170,000 metric tons of salmon last year, this was an increase of close to 16,000 MT or 10% from last year.
3) US Shrimp imports dropped 4% in July compared to 2014. However shrimp imports from India were up significantly, over 28% compared to 2014, mostly because of Vannameis. The wild shrimp season has begun in the Gulf of Mexico & Caribbean Sea; last year over 260,000 lbs were harvested. Expectations for Mexico’s upcoming farmed shrimp season are for strong supplies. Overall Shrimp prices are roughly 25-30% less now compared to 2014, increased supplies from Ecuador, India & Indonesia is the biggest contributing factor.
4) Crabmeat-we are awaiting arrival of our Bay Colony container from Indonesia, it has cleared FDA, we should have it by the beginning of next week.
5) Norway experienced a record 12% YTD growth on exports in August not surprisingly salmon exports were also up close to 12%. Norway’s salmon exports are up 17% YTD.
6) Chinese Tilapia sales to the US were down in 2014 but through July 2015 have reached their 2nd highest volume in 10 years. Pricing remains stable, we have ample supplies of own Sashimi Grade, 100% net weight product in stock.
7) The Philippine government is looking to start a co-op with surrounding Pacific Island countries for Tuna. According to scientific data the waters are reported to be very plentiful with high Tuna populations.
8) During President Obama’s visit to Alaska, fishermen urged him to support the reauthorization of the Magnuson Act.
9) The Icelandic Cod season started September 1st with a Total Allowable Catch of 239,000 Metric Tons for the 2015/16 season. Iceland has increased their Cod TAC for this fishing season. Meanwhile the European Commission proposed a 15% decrease for Baltic Sea Cod landings. Availability of our Atlantic Cod, Hake & Pollock is meeting demand. We have been bringing in gorgeous Haddock from Norway when available.
10) The Louisiana Oyster season is about to get underway, harvesters have hopes of a strong season.
11) Wild Striped Bass (not legal for sales in New Jersey)-Massachusetts is currently closed while Maryland & New York catches have been down. When available our buyers look to get gorgeous 2-4 lb whole fish, which yield a nice restaurant size 6-12 oz size fillet.
12) Long Line-Fresh Swordfish & Yellow fin Tuna have been looking outstanding. We have a Bay Colony Tuna container due into us this Friday Sept 11th, it contains Sashimi Grade Loins, Saku Blocks & 4,6,8 & 10 oz Steaks.
13) THIS IS ACTUALLY THE BEST TIME OF THE YEAR FOR BLUE PONT CRABS! The crabs have been active & eating all summer leading to a fuller, more meaty crab, weather temperatures are still warm, supplies are strong on weakened post summertime demand, making for very favorable prices.
14) There is fear in Peru of a strong El Nino season (December to March), this would negatively impact the availability of Anchovies which are primarily used for fishmeal for farmed fish.
15) Shellfish-due to Labor Day recreational boats limiting harvesting & increased summer time demand, overall shellfish supplies are very limited this week.
16) King crab prices are increasing because of limited supplies.

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