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AQUACULTURAL SITUATION AND OUTLOOK. “TEACH A PERSON HOW TO FISH -- HE CAN SURVIVE” “TEACH A PERSON HOW TO GROW FISH -- HE CAN MAKE A LIVING” ?? Jerry R. Crews Auburn University. SRAOC SEPTEMBER 2002. WORLD FISHERIES 2000. FAO. FISHERY EXPORTER 2000. FAO. FISHERY IMPORTER 2000.
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AQUACULTURAL SITUATIONAND OUTLOOK “TEACH A PERSON HOW TO FISH -- HE CAN SURVIVE” “TEACH A PERSON HOW TO GROW FISH -- HE CAN MAKE A LIVING” ?? Jerry R. Crews Auburn University SRAOC SEPTEMBER 2002
2001 U. S. SEAFOOD CONSUMPTION First Time Tilapia Made “Top Ten” NFI
U.S. Aquaculture Production
Production States NORTH CENTRAL NORTHEASTERN WESTERN Perch Striped Bass Tilapia Trout Salmon Shellfish Striped Bass Tilapia Salmon Shellfish Striped Bass Catfish Striped Bass Tilapia Baitfish SOUTHERN TROPICAL & SUBTROPICAL Ornamental, Food and Shellfish
Sales by Aquaculture Category • Food fish - 70% • Mollusks - 9% • Ornamental fish - 7% • Baitfish - 4% • Crustaceans - 4% • Sport/Game - 1% • Other animal aqua. - 5%
U.S. Catfish Industry
CATFISH SALES 2001 USDA
CATFISH PRICES1970 - 2002 USDA and Crews
CATFISH PRICES1970 - 2002 USDA (82-84 real base)
5 YR AVG 10 YR AVG 25 YR AVG 2001 There is a strong seasonal aspect to pricing as seen in the 5, 10 and 25-year average price received curves above. However, the norm was not followed in 2001.
Catfish Price Paid to Producer 2000 price 2001 price $.10 + per lb less than 2000 = -14%
Catfish Price Paid to Producer 2001 price 2002 price $.11 + per lb less than 2001 = -17%
Catfish Product Form Sales The catfish fillet product form is preferred over other product forms (whole fish, steaks, nuggets).
Fresh and Frozen Catfish Products Over the last 15 years, there has been an ever widening production difference between frozen and fresh catfish products. Frozen catfish products are in higher demand now than ever before with 60% of all catfish products being frozen. Source: USDA Economics and Statistics System, NASS
U.S. Catfish Fillet Processing Over the years, frozen catfish fillets had increasingly demanded over fresh fillets.
Imports of “Catfish” to U.S. 119% 139% 149%
Industry Response to Imports • Legislation • “Country of Origin” labeling - MS, LA ? • Removal of Channel Catfish images on import packaging - NO • Seek to have ‘Catfish’ name removed from non-Ictalurid fish species - 1 YEAR BAN, U.S. • Advertising • Concentrate US safety/health standards - CHEMICALS ? • Imports are trying to mislead consumers - TCI • Legal • Anti-dumping case-CFA PASS THE FIRST HURDLE Shrimp/Crawfish Industry - EVALUATING
What’s Causing Low Catfish Prices? • Increased Vietnamese frozen fillet imports • Economic uncertainty • Stagnant per capita consumption • On-farm inventories up • Processing capacity (up)
CATFISH FEED SALES(32 % PROTEIN) TCI and Crews
U.S. Catfish Round Weight Processed 4 % * Round-weight process has be flat for the last 3 years. Source: USDA Economics and Statistics System, NASS and Crews
Total Producer Catfish Sales - 9 % Total 2002 producer sales (processed) down $35 million from 2001, down $94million from 2000. Source: USDA Economics and Statistics System, NASS and Crews
Total Processor Catfish Sales - 3 % Total 2002 processor sales down $21 million from 2001. Source: USDA Economics and Statistics System, NASS and Crews
US Catfish Fillet Pricethat the Processor Receives 2000 - 2002FRESH FROZEN
PRODUCER’S EFFICIENCY • Processors requiring increased fish size • 1980’s => 1.00 - 1.25 lb average weight • 1990’s => 1.25 - 1.50 lb average weight • 2000’s => 1.50 - 2.00+ lb average weight • Larger fish require longer production cycle • From 24 months to 36 months (from spawn to skillet) • increased production risks • increases production costs
Fish Price 75 cents/lb 70 cents/lb 65 cents/lb 60 cents/lb 55 cents/lb