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September Groundfish Supplies High As Landings Gain

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September Groundfish Supplies High As Landings Gain may be purchased from Director. Sept. 15, 1973, scale o f 1: 40,000. editi o n of C hart o. 411 6 .0 . National Ocean Survey (formerly Price$ I .75. 19060). issued Sept. 15, 1973, ca le Coast and Geodetic Suney), ational 2. Florida-Everglades National of I :250,000. Price $ 1.75. Oceanic and Atmospheric Administra­ Park-Shark River to Lostmans 4. Ala s ka-Southeas t Coast­ tion, U. S. Department of Commerce, River, 6th editi o n of ha rt No. 599S Southern Entrances to Summer Strait, and its authorized sales agents. (N.O. 11154), iss ued Sept. 15, 1973, 6th editio n of C ha rt o. 8 173 ( .0 . I. New York Harbor, 62nd edition scale of I :50,000. Price $2.20. 17 1(3), iss ued Sept. 22, 1973, scale o f of Chart No. 369 ( .0.12141), i sued 3. Hawaii-Hawaii to Oahu, 16th I AO,OOO. Pri ce $1.7 5. Monthly Fishery Market Review September Groundfish Supplies High as Landings Gain Table 1.-Groundfish supplies (fillet weight in million pounds) , September 1973. Groundfish FILLET SUPPLI ES include c od, flounder, haddock, and ocean perch . CONTINUE HIGH Jan- Jan- July Aug Sept Sept Percent Sept Sept Percent 1973 1973 1973 1972 change 1973 1972 change Supplies of groundfish fi ll ets (cod, flounder, haddock, and ocean perch, M illion Pounds Percent Million Pounds Percent Tables 1-5) continued high during Beginning Inventory 426 47.5 491 33.5 +47 52.4 45.0 +16 Total landings 46 42 57 4.9 + 16 477 522 - 9 September, but some notable changes Imports 25.9 321 29.3 34.3 -15 2354 2086 + 13 in the components of supply occurred. Total supply 73 1 838 841 72.7 + 16 335.5 3058 + 10 Ending Inventory 47.5 491 55.3 42.4 +30 562 42.4 +30 First, landings recorded one of the Consumption 25.6 347 288 30.3 - 5 279.3 263.4 + 6 fe\.\ gains this year with a 16 percent increase to 5.7 millio n pounds. In­ Table 2.-Cod supplies (fillet weight in m illion pounds) in September 1973. creased catches of from 40 to 25 Jan- Jan- percent in the cod and flounder fish­ July Aug Sept Sept Percent Sept Sept Percent eries, respecti vel}, were responsi ble 1973 1973 1973 1972 change 1973 1972 change for the September advance. Million Pounds Percent Million Pounds Percent Second, imports fell during the Beginning Inventory 157 147 15 .5 148 + 5 162 61 + 166 month after eight con ecutive month­ Total landings 10 10 1.4 10 +40 10 .9 10.7 + 2 ly Imports 5.8 7.5 52 89 -42 67.0 80.5 17 increases this year. The lower Total supply 22.5 232 221 247 -11 941 973 3 quantity of cod received this month Ending Inventory 147 15.5 14 .8 162 - 9 157 16.2 3 Consumption 78 77 7.3 8.5 -14 H million pounds less) was primarily 78.4 81 1 3 re ponslble for the overall decline, although both flounder and haddock Table 3. - Flounder supplies (fi llet weight in million pounds) in September 1973. imports were also down. The decline Jan- Jan- July Aug Sept Sept Percent Sept Sept Percent may be tied to a drop in the quantity 1973 1973 1973 1972 change 1973 1972 change caught In Canada (our major supplier) MillIOn Pounds Percent Million Pounds Percent during September. and some redirec­ tion of supplies from the United States Beginning Inventory 84 9.6 9.6 4 7 + 104 86 9.3 -11 Total landings 2 1 19 3.0 2.4 + 25 213 22.9 - 7 to European markets where high Imports 6.6 8.8 8 .7 9.3 6 71 3 53.1 +34 demand and pnces have attracted Total supply 17 1 20.3 21 3 16.4 + 30 1012 85.3 +19 Ending Inventory 96 96 10.6 57 + 86 10.6 5.7 +86 additional quantities. Consumption 7.5 10.7 107 107 906 79.6 +14 In spite of the higher total quantity of fillets available, consumption Table 4.-Haddock supplies (fillet weight in million pounds) in September 1973. dropped about 5 percent to 28.8 Jan- Jan- million pounds. This appears to have July Aug Sept Sept Percent Sept Sept Percent been in response to an increasing level 1973 1973 1973 1972 change 1973 1972 change of fish prices in conjunction with M illion Pounds Percent M illion Pounds Percent declining prices for some meat and Beginning Inventory 83 8.8 88 4.5 +96 9.8 8.9 + 10 poultry products. E:\.cept for cod a nd Total landings 0.3 0.3 0 .1 0.3 -77 2.5 3.3 -24 Imports 3.3 4.3 3.6 44 -18 32.5 25.9 +25 flounder e.'\-vessel prices, almost all Total sup p ly 11.9 13.4 12 .5 9. 1 +37 44.8 38.1 + 18 fillet price rose during the month Ending Inventory 8 .8 8 .8 9.8 71 +38 9.8 7 1 +38 Consumption (Table 6). 3.1 4 .6 2.7 80 -66 35.0 3 1.0 + 13 4-' BLOCK IMPORTS DOWN, in 1972 Becau~ e hl1 ld ing, \\ ere dra\\ 11 I,JIld"d an 19_ STICK AND PORTION do~\n rapidly In the fir,t hall. Cllntlnued 1111p,'rl PRODUCTION STABLE 10\.\ landing~ (ra rtlcul a r! ) In th e Gull ) 1"10\111 ' and Imports re~ulteu In th e lo\\er 9- ,lUI ma)"f L(lllli dill 11 r U.S. il1lport of fish blocks declined month total. , hrlmp UPlllc, ''1p,lrcnth h.J sharpl y in Septel1lber to 33.6 l1lillion In spite of the merall \hll rtdge, curtailed thur 1'1Ir"h,\ 111 r nl pounds. 9 million pounds less than the there arc ~ol1le bri ght ~rOh In th e Ill!l nt h, bce.lll l' 01 hleh uppltc previous month but about a fourth suppl) picturc thi~ l1l onth . Gull Idnd­ declin ing rrlclng In Ih,1I LI untr hi gher th an las t September (Table 7l. in gs continue to feel the effcct, 01 a rc ult Im p"l t h.l\<': Illll'rl \C lIn Priccs of a ll major fish blocks (Table the spring Roous: howc\cr. the gain ",derah" ,lnd \\ cr' )l1h II ·hl" I 8) showed harp in creases in Septel1l­ registered in the Pacdic catch 11l0re th c 4L1 dl1tlt \ rCLcl\cd 1,1,1 \CM ber, and although prices for flsh slicks than offset that uecllnc. Orego n ha, O\\ lng t,l thc l!cnadl hortd'l' I and portions also rose, they were not had a record catch thl'- ) car unu ,urI' '' . rrlCl ' h.( \ l' II1Ue.1 l'd I,\pld" suffici ent to halt the continuing cost Alaska landing during th e month !Tahle 121 Thc \\h,'1e ak I fiLL r f sq ueeze faced by domestic stick and were about four time the 4uantlt) 15-20 CIlUl1t hrlmp," r l' ,II11JlIe rn l: portion producers (Tables 9 and 10) . Table 5.-0cean perch supplies (1I1Iel weighl in million pounds) In September 1973 In o rder to realize even the minimum 10-cent margin on cod portion , for I July Aug Sept Sept Perceni Sept S p P example, dOl1le tic flrms would have 1973 1973 1973 1972 change 1 ;, to produce portions from cod block M,llIOn Pounds Percent M nP imported in April when the blocks were sellin g for 58.5 cents per pound. Beginnin g Inventory 10.2 144 152 95 + 60 178 Total landings 1 2 0.9 1 2 13 8 , 0 By September, cod block prices were I mp orts 10.2 11.5 11.8 11 7 4 Q Total supply 216 268 282 225 .. 25 ~ up to 78 .5 cents, all1l ost 10 cents per Ending Invenlory 144 152 20 1 134 +50 201 pound higher than the cod portion Consum plion 72 116 81 91 11 75 prices. Total stick and portion production Table 6.--<iroundtish prices (wholesale. FOB Boston , Gloucest er and New Bedtord In Sepl mb r 197 was practically unchanged from the pre\ious monlh, but 23 percent abo\e July Aug Sepl Sep' Percer' 1973 1973 1973 1972 c~angc the ame month in 1972. Block in­ ventories on October I were running Cent s Per Pound Pcr ... c p about 40 percenl below the levels of Cod a year ago. In light of reduced imports, Ex-vessel' 18.9 20 t 184 194 Wh olesale domest ic producers were apparent Iy 1 Ib Canadian 68.1 71 8 788 565 39 6~ 5 I b Canad Ian 640 67 1 735 54 ~ ~ 3, 600 4 drawing more hea\ ily on e'dstlng Relall' 170.0 1-93 1800 1378 Jl 1 8 stoch.s to meet the fall marh.et demand Fl ounder from institutional users. A a result , Ex-vessel Yellowtail 1990 2447 1384 182 7 24 toch.s at the end of Septel1lber werc 7 Lemonsole 5200 6452 3427 3 31 R 7 percent lower than at Ihe beginning Greysole 2917 3244 3109 2~ 4~ ~ 2< of the month . Blackback 3002 3862 20 gs 248 16 Wholesale 5 Ib domeslic 875 92 ~ 988 0 4 Sib Canadian 818 832 84 72 'l 1 8 SHRI MP SUPPLIES SHORT, Retail' 2194 2316 227 '665 J PRI CES RI SE RAPIDLY Haddock Ex-vessell The suppl ) situali)n in the -hrimp Large 495 526 5~ 0 J 1 Scrod 229 25 ~ L65 288 8 industry continued to be short during Wholesale Septembcr (Tabl Ill.
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