Final results from the Bureau of Census’ Aquaculture recorded an overall increase of selected fish and shellfish products imports while exports declined for 2014. Imports overall increased 7% in volume and 19% in dollar for 2014. About 2.64 billion-lbs. were imported compared with 2.48 billion-lbs. in 2013. The total cost was about $11.42 billion, up from $9.57 billion in 2013.
Frozen shrimp drove the volume increase, up 13% to 988.3 million–lbs. from 2013’s 871.7 million-lbs. On the dollar value side, two categories of shrimp, tilapia and Atlantic salmon were each over a billion dollars. Atlantic frozen salmon fillets jumped 22% to $1.77 billion dollars on 6.9 million-lbs. sold. Frozen shrimp, the top import by dollar, increased 27% to $5.28 billion on 988.3 million-lbs., while fresh and prepared shrimp gained 22% to $1.41 billion on 265.1 million-lbs. Tilapia, which sold 508.7 million-lbs. for the year, increased by 8% to $1.11 billion for 2014.
Exports overall decreased 10% in volume and 3% in dollar value in a year-to-date comparison ending Dec. 31. About 511.8 million-lbs. were exported compared with 571.6 million-lbs. in 2013. The total cost was about $1.20 billion, down from $1.24 billion in 2013.
The category that drove the decrease was the largest sector, frozen pacific salmon, down 14% in volume, to 311.0 million lbs., and 2% in cost, to $477.7 million. Atlantic fresh salmon had the largest percentage drop in cost, 30%, to $36.5 million from $52.2 million and the largest percentage drop of 28% to 11.2 million-lbs., down from 15.6 million-lbs.
The Kroger Co. and UK-based Ocado signed an exclusive partnership agreement, bringing the Ocado Smart Platform to the U.S. for the first time. As part of the agreement, Kroger will increase its existing investment in Ocado by 5%. Ocado will partner exclusively with Kroger in the U.S., enhancing Kroger's digital...read more
Business is never easy, and those undertaking the rigors of bankruptcy proceedings know this struggle all too well. Here at the Food Institute, we currently have our eyes trained on four food industry bankruptcies.read more
James covers markets for the Food Institute, including the canned vegetable, frozen vegetable, tomato products, processed fish, dried fruit, nuts and juice and concentrate sectors. A reporter and editor for 21 years, James has worked as a writer and editor for North Jersey Media Group, an associate editor at Rodman Publishing and a production editor for the Daily Racing Form. James can be reached by email at firstname.lastname@example.org or by phone at 201.791.5570 ext. 227.
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