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Market Report Halibut report (Continued from page 12) Ecuador shrimp exports on the upswing Lack of trade pacts with Europe could divert product to U.S. market T he Ecuadoran shrimp industry continues to be one of pillars of the country's economy, representing more than 13 percent of its non-petroleum exports. Prices and volumes are far from recovering from their 2009 peak, before the economic crisis hit the country's main export markets in Europe and the United States. Pric- es have also been tem- pered by the arrival of additional Pacific white (vannamei) produc- tion from Asian coun- tries like Vietnam and India, among others. shrimp per MT, 2.8 percent less than last year. One factor affecting the However, volume has increased, thus making up for lower prices. Ecuadoran shrimp exports between Janu- ary and July 2012 to- taled $741.9 million, a 9 percent increase over the same period last year, while the volume was up 13 percent, for a total of 121 metric tons (MT). Te aver- age price paid during that period was $6,139 competitiveness of Ec- uadoran shrimp is the country's lack of trade agreements with Eu- rope, its main market accounting for more than 50 percent of ex- ports. Tis trade prob- lem could significantly affect future import duties when preferen- tial rates expire. Tis obliges the industry to compete with other countries for the U.S. market. In terms of prices per size, the latest van- namei prices from the Ecuadoran Aquacul- ture Undersecretar- iat, f.o.b. per pound for shell-on product are: U-7, $12.30 per pound; U-10, $12.15; U-12, $10.15; U-15, $6.85; 16-20, $4.25; 21-25, $3.90; 26-30, $3.65; 31-35, $3.10; 36-40, $2.95; 41-50, $2.65; 51-60, $2.45; 61-70, $2.35; 71-90, $2.25; 91-110, $2.05; 110 and up, $1.95. Prices for whole shrimp (head on) range from $6.65 per kilogram for 10-20s to $2.70 per kilo- gram for 140-200s. — Brewington & Co. I Iceland slashes haddock quota Supplies continue to thin but long-term outlook is more positive MT, while predictions n September, follow- ing the advice of the Icelandic Marine In- stitute (MRI), Iceland dramatically reduced its haddock (Melano- grammus aeglefinus) quota for the new fish- ing year, which is now under way. Te quota for the 2012-13 fishing season is just 32,000 metric tons (MT), down from 45,000 MT last year, and significantly small- er than the 64,000 MT set in 2010. Historical- ly, the Icelandic fleet's haddock catches have varied from 30,000 to 70,000 MT. Te cuts are due to haddock its and poor recruitment with- in the stock — a situa- tion that MRI does not expect to improve for the next few seasons. However, the long- term outlook is more optimistic and the in- stitute's scientists have said an increase in the quota can be expected after the 2014 season. At the start of this year, the MRI estimat- ed the biomass of had- dock three years and older to be 121,000 14 SeaFood Business October 2012 Te United King- dom is the main export market for Iceland haddock, short- medium-term showed the species' stock size will decrease over the next few years when the small year classes from 2008 to 2011 will replace the medium year classes from 2004 to 2007. It said there is "some risk" of the spawning stock going below the historical minimum in 2014-2015. But that would depend on fish- ing effort and follow- ing the latest reduction in the total allowable catch (TAC), which is now thought to be an unlikely occurrence. accounting for nearly two-thirds of production. Iceland haddock buyers should expect prices to tight- en due to the supply slump; there will also be less product coming out of the Barents Sea next year. Te International for Explora- Council tion of the Sea recom- mended the 2013 Bar- ents Sea haddock catch should not exceed 238,000 MT. Under the Joint Russian Norwegian Fisheries Commission management plan, Norway and Rus- sia share a quota of 318,000 MT this year. — Jason Holland fresh is down from where it used to be, the buyer says he's sur- prised by how much he sells. "I'm always a little surprised since it's the highest-priced thing on the menu and one of the top sellers at several of our restau- rants. It moves." As for Atlantic hali- but from Canada, an executive for one East Coast distributor says fresh halibut prices were pressured in Au- gust and early Sep- tember — prices were in the mid-$7s to low $8s — as fishermen brought in supply from openings in Newfound- land, New Brunswick and Prince Edward Is- land. — SFB Staff Salmon report (Continued from page 12) Chile switched much of its production to coho, as they are immune to infectious salmon ane- mia (ISA). Meanwhile, the vol- ume of farmed coho production in Japan has decreased and the wild catch also looks light. Early harvests of au- tumn chum salmon were down from the previous year, sending prices higher at the Sap- poro Central Wholesale Market. Te average price for females was JPY 500 to 600 per kg ($6.37 to $7.65), and JPY 400 to 500 ($5.10 to $6.37) for males. Strong roe prices ac- count for the difference. — Chris Loew Visit us online at www.seafoodbusiness.com