Open main menu
Visit Website
Sign Up

Controversial Fisheries Quota Auction in Namibia Concludes

"Namibia Concludes Recent Fishery Quota Auction, Selling Over 25,000 Metric Tons of Horse Mackerel Amid Transparency and Sustainability Concerns.

TradoublesTradoubles

•

•

Controversial Fisheries Quota Auction in Namibia Concludes
Do not index
Do not index
"Namibia Concludes Government-Controlled Horse Mackerel Quota Auction Amid Criticism and Calls for Transparency in Quota Allocation Process."
The recent auction of horse mackerel quota, organized by the Namibian Ministry of Finance and Public Enterprises in collaboration with the Ministry of Fisheries and Marine Resources, aimed to contribute to the country’s fiscal budget, which reached NAD 74.7 billion (USD 3.8 billion, EUR 3.5 billion) for the 2023-2024 fiscal year.
This year's auction saw a reduction in volume by 14% compared to 2023, with over 25,000 metric tons of horse mackerel offered for sale, resulting in 28,500 metric tons being sold for NAD 52.3 million (USD 2.8 million, EUR 2.6 million).
While no announcement date has been set for the successful bidders of 2024, Namibia's fish quota auction system faces scrutiny from industry stakeholders, particularly the Namibian Confederation of Fishing Associations. Concerns have been raised regarding the government's frequent use of the auction system, deviating from its intended purpose of emergency utilization during crises like the Covid-19 pandemic.
Matti Amukwa, Chairman of the Confederation, criticized the lack of predictability for companies, describing the auction as a "lottery" where fish allocation remains uncertain for the upcoming seasons. He stressed the need for Namibia to adopt a coherent policy either favoring a fishing rights-based system or quota auction system.
Efforts to enhance transparency in quota allocation include the development of a scorecard system since 2015, aiming to reward companies based on criteria such as value addition and job creation. Despite delays in finalizing the scorecard, Executive Director of Fisheries and Marine Resources, Annely Haiphene, assures determination to complete the process within the fiscal year. The ministry plans to engage the fishing industry in discussions to ensure the finalization of the scorecard aligns with industry needs and objectives.
Exact timelines for industry consultation and the release of the scorecard remain undisclosed at this stage.
Tradoubles

Written by

Tradoubles

Tradoubles is a cross-border seafoods marketplace. We help you source the best seafood suppliers from asian countries.

    Related posts

    SC Commences Phased Closure of Chinese Operations in Strategic MoveSC Commences Phased Closure of Chinese Operations in Strategic Move
    TradoublesTradoubles

    /

    SC Commences Phased Closure of Chinese Operations in Strategic Move

    Sustainable seafood movement enthusiasts are keeping a close eye on the latest updates in the sector, including initiatives and certifications promoting sustainability. On March 27th, the Aquaculture Stewardship Council (ASC) revealed its plan to halt operations in China. Currently, ASC's website indicates that there are 30 farms in China with ASC certification. These farms predominantly cultivate bivalves and tilapia, with one specifically listed for shrimp production.

    Investigation Spurs Seafood Task Force into Action on Indian Shrimp Labor AbusesInvestigation Spurs Seafood Task Force into Action on Indian Shrimp Labor Abuses
    TradoublesTradoubles

    /

    Investigation Spurs Seafood Task Force into Action on Indian Shrimp Labor Abuses

    Following the release of investigative reports by Corporate Accountability Lab, Associated Press, and Outlaw Ocean exposing allegations of forced labor and antibiotic usage within the Indian shrimp industry, the Seafood Task Force (STF) has pledged to spearhead efforts in collaboration with its partners, including key Indian shrimp companies, to enhance labor standards throughout the sector.

    BensBoyz Initiative Seamlessly Fuses African-American Heritage with Seafood CuisineBensBoyz Initiative Seamlessly Fuses African-American Heritage with Seafood Cuisine
    TradoublesTradoubles

    /

    BensBoyz Initiative Seamlessly Fuses African-American Heritage with Seafood Cuisine

    Joseph Wyatt, CEO and Founder of BensBoyz headquartered in Greensboro, North Carolina, sets sights on amplifying African-American presence within the seafood sector.

    Sustainable Shrimp Partnership Marks Sixth Anniversary: Pamela Nath Emphasizes Significance of Initiative's Inaugural MoveSustainable Shrimp Partnership Marks Sixth Anniversary: Pamela Nath Emphasizes Significance of Initiative's Inaugural Move
    TradoublesTradoubles

    /

    Sustainable Shrimp Partnership Marks Sixth Anniversary: Pamela Nath Emphasizes Significance of Initiative's Inaugural Move

    Ecuador's Sustainable Shrimp Initiative Commemorates Sixth Year Milestone at 2024 Seafood Expo North America. Debuted during SENA in March 2018, the partnership among Ecuadorian shrimp producers aimed to establish a pre-competitive framework for enhancing the nation's standing as a provider of safe and sustainable shrimp. Founding members of SSP included Grupo Almar, Grupo Camaronero Champmar, Corporación Lanec, Omarsa, Promarisco, and Songa.

    Southern Shrimp Alliance Urges Inclusion of Indian Shrimp on US Labor Department's Forced Labor Goods ListSouthern Shrimp Alliance Urges Inclusion of Indian Shrimp on US Labor Department's Forced Labor Goods List
    TradoublesTradoubles

    /

    Southern Shrimp Alliance Urges Inclusion of Indian Shrimp on US Labor Department's Forced Labor Goods List

    In a formal announcement, the Southern Shrimp Alliance (SSA) has called for the inclusion of Indian shrimp in the U.S. Department of Labor's 2024 List of Goods Manufactured through Child Labor or Forced Labor.

    AQUA Cultured Foods Teams Up with Ginkgo Bioworks for Innovative PartnershipAQUA Cultured Foods Teams Up with Ginkgo Bioworks for Innovative Partnership
    TradoublesTradoubles

    /

    AQUA Cultured Foods Teams Up with Ginkgo Bioworks for Innovative Partnership

    Chicago-Based AQUA Cultured Foods Forges Alliance with Ginkgo Bioworks to Elevate Plant-Based Seafood Production

    Steakholder Foods Launches 3D-Printed Salmon InnovationSteakholder Foods Launches 3D-Printed Salmon Innovation
    TradoublesTradoubles

    /

    Steakholder Foods Launches 3D-Printed Salmon Innovation

    Steakholder Foods, a Rehovot-based company specializing in cultivated meat and seafood, has unveiled its latest offerings, SHMeat and SHFish. These innovative products, including 3D-printed beef, chicken, and salmon, mark a significant expansion of their seafood analog range. CEO Arik Kaufman expressed excitement about the launch, emphasizing the company's dedication to sustainability and health through advanced food technology. Stay tuned for more updates on this groundbreaking development

    NOAA Concludes Forced Labor Initiative with Seafood Labor SummitNOAA Concludes Forced Labor Initiative with Seafood Labor Summit
    TradoublesTradoubles

    /

    NOAA Concludes Forced Labor Initiative with Seafood Labor Summit

    Conclusion of NOAA Fisheries' Initiative Addressing Labor Issues in Seafood Industry

    February 2024 Sees an 11% Decline in Ecuadorian Shrimp ExportsFebruary 2024 Sees an 11% Decline in Ecuadorian Shrimp Exports
    TradoublesTradoubles

    /

    February 2024 Sees an 11% Decline in Ecuadorian Shrimp Exports

    Ecuador's Shrimp Exports Experience 11% Decline in February 2024

    Global Seafood Alliance Names New CEOGlobal Seafood Alliance Names New CEO
    TradoublesTradoubles

    /

    Global Seafood Alliance Names New CEO

    Seafood industry veteran Mike Kocsis takes the helm as the Global Seafood Alliance's new chief executive officer, succeeding former leader Wally Stevens as he steps down from the role.

    Peptobiotics Secures $6.2 Million in Series A FundingPeptobiotics Secures $6.2 Million in Series A Funding
    TradoublesTradoubles

    /

    Peptobiotics Secures $6.2 Million in Series A Funding

    In a significant development, Peptobiotics, a startup dedicated to leveraging antimicrobial peptide technology to replace conventional antibiotic usage in aquaculture, has successfully raised $6.2 million in its series A funding round.

    Conservation Alliance for Seafood Solutions Issues Guidance to Tackle Environmental and Social Challenges Facing Seafood IndustryConservation Alliance for Seafood Solutions Issues Guidance to Tackle Environmental and Social Challenges Facing Seafood Industry
    TradoublesTradoubles

    /

    Conservation Alliance for Seafood Solutions Issues Guidance to Tackle Environmental and Social Challenges Facing Seafood Industry

    The global seafood trade operates through intricate supply chains, where products frequently traverse multiple intermediaries and traverse various countries before reaching consumers.