One of China’s Main Tilapia Exporters Achieves Better Performance in This First Half of the Year

During an online interview, Baiyang, a major seafood company in China, said its market performance, especially that of the wprocessing sector, has bettered during this first half of the year, according to a report from Stockstar.com. Within this period, the revenues from its seafood processing business ballooned by 62.11% to 0.534 billion yuan compared with the same period last year. And the number constitutes 36.77% of the company’s total, which only increased by 27.43%...

Gorton’s Tilapia Sustainability Lawsuit Update: Case Dismissed Following Private Settlement 

The lawsuit against Gorton’s has been dismissed by Judge Patti B. Saris of the U.S. District Court for the District of Massachusetts.

News of Gorton’s facing a class-action lawsuit broke in April 2022. A complaint filed on behalf of New York and California consumers Jeffrey Alan Spindel and Kevin McCarthy stated that Gorton’s frozen tilapia products are misleading in that they are labeled sustainably sourced, but are not sustainably sourced because they are products from fish farms in China...

Gorton’s Tilapia Sustainability Lawsuit Will Move Forward, Despite GSA, New England Aquarium Support

A court battle involving U.S. seafood industry staple Gorton’s Inc. will continue.

U.S. District Judge Patti B. Saris denied the company’s motion to dismiss a lawsuit claiming its tilapia products feature misleading sustainability messaging.

“To the extent plaintiffs are casting a wider net in arguing that only tilapia raised in the wild are sustainable, they will come up empty,” Saris wrote. “To the extent plaintiffs are casting a wider net in arguing that only tilapia raised in the wild...

GSA, New England Aquarium Want to Submit Breifs to Support Gorton’s in Tilapia Sustainability Lawsuit

Back in April, a complaint was filed by a pair of consumers Jeffrey Alan Spindel and Kevin McCarthy in the U.S. District Court of Massachusetts which claimed that Gorton’s Inc. has misled consumers over its “sustainably sourced” labeling on its frozen tilapia products, as SeafoodNews reported.

In recent days, both the Global Seafood Alliance (GSA) and the New England Aquarium, which has held a decade-plus long partnership with Gorton’s, motioned to file an Amicus Brief to support Gorton’s in the case...

Tropical Aquaculture Files for Chapter 7 Bankruptcy

Vermont-headquartered Tropical Aquaculture filed for chapter 7 bankruptcy in the United States Bankruptcy Court for the District of Delaware on June 30.

Chapter 7 bankruptcy means Tropical will immediately halt operations and have its assets liquidated. The company was founded in 1995 and had an office in Maine. It worked as a sales and distribution company that sold farmed fish, from several countries. According to its website, the company supported 5,000 jobs in the U.S., South America and Europe. Tropical’s LinkedIn page said it supplied fresh and...

China’s Tilapia Prices Increase in Late August, But the Industry Still Faced Various Problems

During late August, China’s tilapia market rebounded, and prices increased in several main aquaculture regions, according to bbwfish.com. In places like the western Guangdong, they increased between about 0.1 to 0.2 yuan/jin (1 jin=0.5 kilo) compared with the mid-August, while the increase reached about 0.3 yuan/jin in such markets as those in Guangxi and Fujian.

The higher prices are said to have partially been a result of greater costs and supplies lower than before. With continuously hot days, disease... 

This Week in Retail: Wrapping Up July; Digesting the Latest GDP Data  

Wrapping up July, grocers are promoting fan-favorite grilling items like steaks, pork chops, and shrimp in an effort to encourage at-home cooking during the dog days of summer—a seasonally sluggish period for meat sales.

Seafood features make up nearly 33% of total protein ad volume this week, marking the fifth consecutive week that it has seized the top spot. Beef comes in second with 23%, closely followed by pork with 22%. Chicken claims 17.5% and eggs make up 1.3% of ad space, down from nearly 5% the week...

Regal Springs Partners with Ace Aquatec to Introduce ‘Gamechanger’ Technology for Tilapia Farming

Regal Springs, a major tilapia producer has partnered with aquaculture technology firm Ace Aquatec to bring in-water, high welfare stunning solutions into its processing facilities.

The new tech will be introduced in the coming months and follows months of successful trials in Mexico.

Regal Springs was eyeing a stunning solution to harvest its fish and address the interest from consumers for responsibly sourced seafood.

Research has shown that nine in ten global consumers prioritize buying from companies that have ethical sourcing strategies in place with...

ANALYSIS: Tilapia and Pangasius Under Downwards Pressure

As the second quarter of the year ends, tilapia and pangasius frozen fillets are both seeing downwards pricing pressure leading into the summer. While discounts on pangasius have steadily continued since the end of the first quarter due to backorders finally catching up, combined with consumer pushback to record premiums in the wake of inflation, tilapia remained firm with an active demand until recent.

Contributing to the discounts within the tilapia market includes ocean freight relaxing, the USD gaining strength against the RMB...