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Major Tilapia Markets Continue to Weaken

International trade stays positive with promising African markets

The weak positions of the USA and EU, the major tilapia markets, continue into the first quarter of 2016. Nevertheless, international trade remained positive. Based on reporting by major markets and producers, total global tilapia exports are estimated to have increased by 18% during the first quarter of 2016, while imports are estimated to have grown by 15% compared with the same period in 2015. In addition to Asia and Latin America, which continue to produce and consume a growing amount of tilapia, African markets are increasingly taking a larger share of exports. Tilapia farming is also proving to play an important role in food security of countries in the Pacific, such as Fiji and Papua New Guinea.

China

Total exports of Chinese frozen tilapia experienced a year-on-year 3% decline in volume during the first quarter of 2016 mainly due to lower exports of frozen fillets (-13%). However, exports of breaded fillets and whole frozen tilapia were up by 9.8% and 2.4% respectively.

In terms of prices, average export prices of frozen tilapia in 2016 weakened further for all product groups. Export prices of frozen fillets were down 14.4% to USD 3.6 per kg, whole frozen by 6.5% to USD 2.04 per kg and breaded fillets by 11.8% to USD 3.86 per kg.

The USA remains the main market for Chinese frozen tilapia. In a new development however, Côte d’Ivoire overtook the USA as the largest Chinese market for whole frozen tilapia by importing 6 425 tonnes from China during the first quarter of 2016. This was an enormous 307% increase from the same period in 2015. Other African markets experiencing growth in Chinese whole frozen tilapia include Ghana, Kenya and Tanzania. Although average export prices to these African markets declined during the period under review, these markets paid higher prices (USD 2.20-2.60 per kg) compared with the US market (USD 1.79 per kg) due to strong demand, higher import tariffs and more nascent trade ties. It is important to note that imported tilapia represents a challenge for the development of domestic tilapia aquaculture in Africa.

For frozen fillets, which make up 40% of Chinese tilapia trade, exports declined to most markets including the USA. Notably, there was positive growth in exports to Iran, which indicates its potential as a growing market for tilapia fillets. Chinese exports of frozen fillets to Iran reached 3 600 tonnes during the 2016 first quarter, 59% up from the same period in 2015. The market has turned to tilapia as a cheaper source of frozen fish fillets compared with the popular New Zealand hoki.

In contrast, Chinese exports of frozen breaded tilapia experienced positive growth (+9.8%) into the main markets of Mexico, Côte d’Ivoire, Congo and Kenya.

USA

Total tilapia imports into the US market during the first quarter of 2016 were 14% lower in terms of volume and 24% less in value terms compared with the same period of last year. 61 400 tonnes were shipped into the country valued at USD 247 976 million.

During the first three months of the year, China as usual remained the main tilapia supplier to the USA with 46 700 tonnes imported worth USD 166 838 million. These figures demonstrate a year-on-year decrease of 17% in volume and 29% value. The product mainly imported was frozen.
Other important suppliers, such as Honduras, Indonesia, Costa Rica and Mexico also registered drops in shipments to the USA, while Colombian exports of tilapia during January-March 2016 rose by 11.6% volume wise and 10% value wise.

Colombia’s interest in the US market was demonstrated during the Seafood Expo North America 2016 in Boston where 14 Colombian companies participated. The potential growth of Colombia as a tilapia supplier to the US market is largely driven by the Free Trade Agreement signed three years ago. Colombia is also targeting other potential markets such as Chile, Spain, France, the UK, Netherlands, Belgium, Germany and Poland.
For now, Honduras maintains its leadership in the Latin American region as the largest exporter of fresh tilapia to the USA, despite the drop in production volume as a result of the drought caused by El Niño.

EU

The weak demand in the EU persisted during the first quarter of 2016 as the EU imported 15.9% less total frozen tilapia compared with the same period in 2015. In total, the EU imported 6 600 tonnes of tilapia during this period. Both categories of frozen fillets and whole frozen tilapia, which take up almost equal shares, experienced declines of 7.3% and 26.4% respectively. Within the EU, Spain imports the largest volume of tilapia, mostly fillets although like elsewhere in the EU, imports declined during the review period.

Asia remains the main supply source to the EU, with the top five suppliers being China, Viet Nam, Indonesia, Thailand and Taiwan Province of China making up nearly 99% of the total. Frozen tilapia fillets from Taiwan Province of China fetch premium prices due to high quality. In the whole frozen category, imports increased from Bangladesh, with this tilapia primarily consumed by the ethnic population of Bangladeshi residents in the EU.

Taiwan Province of China
In the first quarter of 2016, total exports of frozen tilapia from Taiwan Province of China experienced 18% growth compared with the same period in 2015 to total 6 000 tonnes. The whole frozen tilapia makes up 90% of total frozen tilapia exports, with the first quarter showing 20% growth in this product category for exports to the major markets, namely the USA and the Middle East. Together, the US and Middle Eastern markets took an 88% market share of whole frozen tilapia exports from Taiwan Province of China. In contrast, frozen tilapia fillet exports experienced a marginal decline (-0.48%). Main markets for this product category are the USA, Republic of Korea, Canada and Japan.

Outlook
Despite weakening in the major markets, the outlook seems promising amidst production problems in China as demand continues to be strong in Asia, Africa and Latin America. The species is also growing in importance for food security in the Pacific and the some parts of West Asia.

Source: FAO

The report analyses the tilapia market situation over the period January-June 2016 

CTSA 2016 Priority – Tilapia Farming Development

Tilapia has been identified as one of the most desired species for aquaculture farming throughout the Center for Tropical and Subtropical Aquaculture (CTSA) region. Although most farming technology is available, the development and expansion of tilapia farming still faces regional challenges. One of the highest priorities in recent years has been stock improvement, and much work has been done in that area. CTSA encourages studies to continue improving the productivity of tilapia farming, and has identified the following top priorities for FY2016:

1) Develop protocols to ensure the quality of the final products.

2) Improve regional access to disease-free tilapia with high-quality genetic traits.

Center for Tropical and Subtropical Aquaculture
41-202 Kalaniana’ole Highway
Waimanalo, HI 96795

Additional Resources:

First Latin American Company To Offer Four-Star BAP Tilapia

Paraiso Springs Aquaculture Guatemala is Latin America’s first company qualified to offer four-star Best Aquaculture Practices (BAP) tilapia, the Global Aquaculture Alliance announced in early March.

The company became eligible to offer four-star BAP tilapia with the BAP certification of its hatchery. Its new processing plant and farm — located in Caserio Los Angeles, San Luis Peten, Guatemala — are already BAP certified, as are the feed mills from which it sources feed, Areca Feed Mill in Guatemala and Cargill de Honduras.

Four-star BAP status denotes that the product originates from a BAP-certified processing plant, farm, hatchery and feed mill. It’s the highest achievement in the BAP program.

“We are very proud of the hard work our crew put forth to obtain BAP four-star certification. It certainly is an accomplishment for a small family-run operation like Paraiso Springs. This is a big part of our quality commitment to our clients and community,” said Alejandro Palomo, president of Paraiso Springs Aquaculture Guatemala.

Currently, worldwide, there are 74 BAP-certified tilapia processing plants and 68 BAP-certified tilapia farms, representing more than 175,000 metric tons annually.

About BAP
A division of the Global Aquaculture Alliance, Best Aquaculture Practices is an international certification program based on achievable, science-based and continuously improved performance standards for the entire aquaculture supply chain — farms, hatcheries, processing plants and feed mills — that assure healthful foods produced through environmentally and socially responsible means. BAP certification is based on independent audits that evaluate compliance with the BAP standards developed by the Global Aquaculture Alliance.

Chicken of the Sea® Adds Flavored Tilapia to Pouched Seafood Success Story

SAN DIEGO–(BUSINESS WIRE)–Chicken of the Sea continues to make a name for itself in pouched seafood with this week’s launch of Tilapia Select Fillets, a new line of single-serve, 3-oz. pouches containing America’s most popular white fish seasoned with the latest on-trend flavors.

The four new shelf-stable products target seafood fans looking to combine the health benefits of tilapia with an economical protein alternative in salads, sandwiches and rice bowls for lunch, snack time or dinner. The San Diego-based seafood provider is making the new line available at retailers nationwide for an SRP of $2.49.

According to a growing number of health professionals, tilapia plays an important role as the FDA looks to significantly increase recommended seafood consumption levels in the U.S. in the coming months.

“Americans simply aren’t eating enough lean seafood,” explained Serena Ball, registered dietitian and founder of TeaspoonOfSpice.com, where she helps families find shortcuts for making healthy homemade meals. “Not only is Tilapia an affordable, high-quality protein option, its high selenium content makes it essential for boosting cognitive function and enhancing the immune system. Selenium is also important in body metabolism.”

Answering the increased call for affordable seafood, Chicken of the Sea Tilapia Select Fillets represents several product firsts: the first single-serve, shelf-stable pouched tilapia; and the first line of flavored tilapia. The new line also comes on the heels of the 2014 launch of Chicken of the Sea Flavored Salmon Pouches, an industry first from the brand that introduced the world to boneless, skinless salmon in 1984.

Chicken of the Sea - Tilapia Pouches

Chicken of the Sea – Tilapia Pouches

Chicken of the Sea’s four new Tilapia Select Fillets varieties exceed industry benchmarks on likeability, flavor and purchase intent in brand testing. They include:

  • Chicken of the Sea Tilapia Select Fillets in Marinara Sauce: Sustainably caught Chicken of the Sea tilapia seasoned with a flavorful Marinara sauce in a 3-ounce single-serve pouch.
  • Chicken of the Sea Tilapia Select Fillets in Teriyaki Sesame Sauce: Sustainably caught Chicken of the Sea tilapia seasoned in a bold, tangy Teriyaki Sesame sauce in a 3-ounce, single-serve pouch.
  • Chicken of the Sea Tilapia Select Fillets in Santa Fe Sauce: Sustainably caught Chicken of the Sea tilapia seasoned with a zesty Santa Fe sauce in a 3-ounce, single-serve pouch.
  • Chicken of the Sea Tilapia Select Fillets in Yellow Curry Sauce: Sustainably caught Chicken of the Sea tilapia seasoned in savory Yellow Curry sauce in a 3-ounce, single-serve pouch.

“With the launch of the Chicken of the Sea Tilapia Select Fillets, Chicken of the Sea continues the pouched seafood innovation story it started last year with Flavored Salmon Pouches,” said Maureen McDonnell, Chicken of the Sea director of brand marketing. “Tilapia has become the new seafood of choice for discriminating seafood lovers looking for a mild-tasting, affordable white fish – and our new single-serve pouches give families four innovative new ways to enjoy the fish over rice, pasta or greens, or even straight out of the pouch.”

According to McDonnell, tilapia is now the second-most consumed seafood in restaurants and fourth-most consumed seafood at home. She says the launch coincides with anticipated new FDA advice encouraging more seafood in Americans’ weekly diet. This includes pregnant and breastfeeding women, which the U.S. Food and Drug Administration (FDA) is expected to recommend eat two-to-three servings of seafood every week to encourage prenatal brain development.

Expected to be filed this year, FDA’s amended guidance follows exhaustive reviews of the positive health effects of eating fish — including the high levels of vitamins, minerals, amino acids and omega-3 fatty acids — which point to the need for expectant and nursing women to quadruple their seafood intake.

Chicken of the Sea is introducing new recipes and serving suggestion to accompany the launch of its Tilapia Select Fillets. To access the company’s growing library of recipes, serving and meal-planning suggestions for its tilapia and other seafood products, go to www.chickenofthesea.com.

About Chicken of the Sea

Founded in 1914, Chicken of the Sea (COS) is a leading provider of healthy, sustainable and delicious seafood, offering not only a robust product line but the recipes and meal-planning insights needed to inspire seafood lovers to greater culinary creativity and inspiration. The company provides tuna, salmon, clams, crab, oysters, shrimp, mackerel, kipper snacks and sardines in cans, cups and pouches as well as innovative new products consistent with seafood’s growing status as a healthy “new” protein choice in America.

Headquartered in San Diego, COS sustainably sources its seafood products from around the world, and packages them at a state-of-the-art processing facility in Lyons, Ga., as well as at third-party facilities. The company is led by a team of industry veterans with more than 300 years of collective experience in the packaged seafood industry.

For information on Chicken of the Sea, including recipes, serving suggestions and nutritional and meal-planning insights as well as information on the latest new Chicken of the Sea products, go to www.chickenofthesea.com.

Contacts:
for Chicken of the Sea
Bob Ochsner
714-881-2341
bochsner@amusementparkinc.com

New Global Energy, Inc. Anticipates Record Year for Tilapia at California Farm

New Global Energy, Inc. (OTC: NGEY) (“NGEY”) (“the Company”), a public company focused on Aqua-Farming, Agriculture, and Health & Wellness, announced today that it has launched the tilapia spawning season at its farm in California’s Coachella Valley with a record number of fish. New financing commitments from outside investors mean the coming year should prove to be record setting in terms of the number of sustainable fish grown and ultimately sold on the company’s farm.

October is a critical month for planning and preparation since fish are seasonal and the new fingerlings will reach sufficient size from October through mid-November before temperature drops and will survive the mildly cold months of December and January. To help insure strong growth and because consumers increasingly demand healthy seafood, New Global feeds its fish a formula that is free of GMOs, antibiotics and chemicals and which includes the perfect blend of the superfood Moringa, nutrient rich algae, and a proprietary blend of other ingredients.

“New Global Energy is at the forefront of developing and implementing the most advanced, sustainable, ecologically sound methods of producing clean, quality seafood. Sustainable features of our farm include the use of solar electricity, nutrient dense fish food, water recirculation through ponds that contain plants that clean the water for re-use, and the nutrient rich fish pond water that is also used to irrigate the Moringa used for the fish feed,” said New Global Energy’s CEO Perry West.

Tilapia is an ideal fish due to its excellent taste yet less than 10 percent of tilapia consumed in the United States is farmed domestically. According to the National Fisheries Institute, tilapia now ranks fourth on its ‘Top Ten’ list of the most consumed fish and seafood in the United States. During 2010, the average consumption of tilapia was nearly 1.5 pounds, up from 1.2 pounds per person the previous year. A recent United Nations study predicts that unless something changes, most commercial fisheries will be producing less than 10% of their one time potential by the middle of this century. The United States imports about 86 percent of its seafood and only half is wild caught. The global demand for farm-raised fish is expected to double by 2030.

About New Global Energy, Inc.

New Global Energy, Inc. (http://www.newglobalenergy.net ) is a public company focused on acquiring high-growth firms, assets and properties in the Aqua-Farming, Agriculture, and Health & Wellness industries. The trading symbol is NGEY traded on the OTCPK. New Global Energy seeks to create sustainable projects and protect the environment.

About AquaFarming Tech

Aqua Farming Tech http://www.aquafarmingtech.com is a wholly owned subsidiary of New Global Energy Inc. and a leader in the seafood industry that has been farming tilapia in the Coachella Valley since September 1993. Its state of the art aquaculture operations are conducted from two farms encompassing 120 acres. As an industry innovator, Aqua Farming Tech was the first farm with more than 60 tanks, one of the first farms to build above ground cement tanks, the first farm to utilize a mechanical aerator to improve the oxygenation of its water, the first farm to develop and implement a method of recycling its water and the first farm to generate a significant percentage of its power from solar and the first farm to self-manufacture its own feed. Aqua Farming Tech is a fish farm/hatchery founded and run by Rocky French that is dedicated to producing the purest, best tasting seafood anywhere.