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• 1. [Article] Prospects on Brazilian Aquaculture and Tilapias Sector

  presentation

  Citation × Citation Citation Abstract Copy Title: Prospects on Brazilian Aquaculture and Tilapias Sector Author: Barroso, Renata presentation Title: Prospects on Brazilian Aquaculture and Tilapias Sector Author: Barroso, Renata presentation Close

• 2. [Article] Export Performance of Indian Shrimp to European Union under proposed Free Trade Agreement: An Ex-ante Assessment

  presentation

  Citation × Citation Citation Abstract Copy Title: Export Performance of Indian Shrimp to European Union under proposed Free Trade Agreement: An Ex-ante Assessment Author: Rani, Prathvi, Kumar, Nalini Ranjan presentation Title: Export Performance of Indian Shrimp to European Union under proposed Free Trade Agreement: An Ex-ante Assessment Author: Rani, Prathvi, Kumar, Nalini Ranjan presentation Close

• 3. [Article] What Willingness to Pay on the French Market for An Ecolabelled Shrimp?

  Abstract only.

  Citation × Citation Citation Abstract Copy Title: What Willingness to Pay on the French Market for An Ecolabelled Shrimp? Author: Thébaud, Olivier, Razafimandimby, Haja, Nassiri, Abdelhak Abstract only. Title: What Willingness to Pay on the French Market for An Ecolabelled Shrimp? Author: Thébaud, Olivier, Razafimandimby, Haja, Nassiri, Abdelhak Abstract only. Close

• 4. [Article] The Effect on Product Differentiation by Origin Labeling of Seafood

  Problems with the security of imported foods and with false indications of origin have recently been uncovered in Japan, leading to increased consumer interest in the country or place of origin of foods. ...

  Citation × Citation Citation Abstract Copy Title: The Effect on Product Differentiation by Origin Labeling of Seafood Author: Miyata, Tsutom Problems with the security of imported foods and with false indications of origin have recently been uncovered in Japan, leading to increased consumer interest in the country or place of origin of foods. The place of origin is an important element when a consumer buys sea food. This report presents a case study of sea urchin purchase in Japan to test the above situation. It focuses on the competitiveness of Japanese marine products of local marine products and brands, because the former is affected by the latter. Before 2002, Japan had been increasing its imports of sea urchins in the face of declining domestic yield. Since then, the import volume has declined, although domestic production remains low. Yet demand for product from Iwate prefecture, Japan’s second largest producer, hasn’t changed. To find out why, we interviewed processors in and around Iwate; had a questionnaire for residents in the prefectural capital, Morioka; analyzed statistics from Morioka’s central wholesale market; and spoke to the market’s auctioneer. The results show that consumers have a lot of attention to product safety, and local people highly assess the value of local product. We presume that a trusted label of origin promotes both brand recognition and a perception of product safety. Title: The Effect on Product Differentiation by Origin Labeling of Seafood Author: Miyata, Tsutom Problems with the security of imported foods and with false indications of origin have recently been uncovered in Japan, leading to increased consumer interest in the country or place of origin of foods. The place of origin is an important element when a consumer buys sea food. This report presents a case study of sea urchin purchase in Japan to test the above situation. It focuses on the competitiveness of Japanese marine products of local marine products and brands, because the former is affected by the latter. Before 2002, Japan had been increasing its imports of sea urchins in the face of declining domestic yield. Since then, the import volume has declined, although domestic production remains low. Yet demand for product from Iwate prefecture, Japan’s second largest producer, hasn’t changed. To find out why, we interviewed processors in and around Iwate; had a questionnaire for residents in the prefectural capital, Morioka; analyzed statistics from Morioka’s central wholesale market; and spoke to the market’s auctioneer. The results show that consumers have a lot of attention to product safety, and local people highly assess the value of local product. We presume that a trusted label of origin promotes both brand recognition and a perception of product safety. Close

• 5. [Article] The Role of Fish-Markets in the Icelandic Value Chain of Cod

  The two main pillars of the Icelandic fishing industry are the large vertically integrated fishing companies and the SMEs, specialised in fishing, producing or marketing. In order to understand how they ...

  Citation × Citation Citation Abstract Copy Title: The Role of Fish-Markets in the Icelandic Value Chain of Cod Author: Klemensson, Ólafur, Gestsson, Helgi, Knútsson, Ögmundur The two main pillars of the Icelandic fishing industry are the large vertically integrated fishing companies and the SMEs, specialised in fishing, producing or marketing. In order to understand how they are able to function side by side and at the same time secure a relatively high value added for the domestic part of the Icelandic value chain of cod, a closer look at the functions and operations of the Icelandic fish markets is needed. In the authors’ recent studies on structural changes in the fisheries value chain in Iceland from 1990 to 2007, six dissimilar main operational strategies were identified. Common to all of those was the need for an efficient use of the Icelandic fish markets. Three distinctive effects of fish markets were identified: firstly, specialisation, where large and small fisheries companies use the fish markets to swap or sell all other species than needed in their specialised production (usually to SMEs producers specializing in those species); secondly, to gain stability in sourcing, where companies source raw material from the fish markets and top-up when there is lack of certain species (or sizes) from the companies’ own boats and; thirdly, the market driven function or effect (market orientated value creation). To study this facilitating and supporting effect of fish markets on the on the progress of the Icelandic fisheries sector further, the focus is now the importance of fish markets from the time of their establishment in Iceland in 1987. The research is based on semi-structured and in-depth interviews with managers of a number of Icelandic fishing and processing companies and is a part of an ongoing research on the value chain structure and on organisational- and productivity changes in the Icelandic fisheries sector. Title: The Role of Fish-Markets in the Icelandic Value Chain of Cod Author: Klemensson, Ólafur, Gestsson, Helgi, Knútsson, Ögmundur The two main pillars of the Icelandic fishing industry are the large vertically integrated fishing companies and the SMEs, specialised in fishing, producing or marketing. In order to understand how they are able to function side by side and at the same time secure a relatively high value added for the domestic part of the Icelandic value chain of cod, a closer look at the functions and operations of the Icelandic fish markets is needed. In the authors’ recent studies on structural changes in the fisheries value chain in Iceland from 1990 to 2007, six dissimilar main operational strategies were identified. Common to all of those was the need for an efficient use of the Icelandic fish markets. Three distinctive effects of fish markets were identified: firstly, specialisation, where large and small fisheries companies use the fish markets to swap or sell all other species than needed in their specialised production (usually to SMEs producers specializing in those species); secondly, to gain stability in sourcing, where companies source raw material from the fish markets and top-up when there is lack of certain species (or sizes) from the companies’ own boats and; thirdly, the market driven function or effect (market orientated value creation). To study this facilitating and supporting effect of fish markets on the on the progress of the Icelandic fisheries sector further, the focus is now the importance of fish markets from the time of their establishment in Iceland in 1987. The research is based on semi-structured and in-depth interviews with managers of a number of Icelandic fishing and processing companies and is a part of an ongoing research on the value chain structure and on organisational- and productivity changes in the Icelandic fisheries sector. Close

• 6. [Article] An Economic Analysis of Low Value Species As An Alternative Nutritional Source In Strengthening Food Security In India

  Abstract only.

  Citation × Citation Citation Abstract Copy Title: An Economic Analysis of Low Value Species As An Alternative Nutritional Source In Strengthening Food Security In India Author: Kodial, Harshini, Reddy, Muni Abstract only. Title: An Economic Analysis of Low Value Species As An Alternative Nutritional Source In Strengthening Food Security In India Author: Kodial, Harshini, Reddy, Muni Abstract only. Close

• 7. [Article] The Value Chain of Yellow Fin Tuna in Sri Lanka

  The fishing industry is particularly important for Sri Lankans for the domestic supply but there is also a small but growing export market for high value products. The potential for economic development ...

  Citation × Citation Citation Abstract Copy Title: The Value Chain of Yellow Fin Tuna in Sri Lanka Author: Thordarson, Gunnar, Gestsson, Helgi, Knútsson, Ögmundur The fishing industry is particularly important for Sri Lankans for the domestic supply but there is also a small but growing export market for high value products. The potential for economic development lies there with yellowfin tuna as the most important specie. In this research the efficiency and productivity of the yellowfin tuna value chain in Sri Lanka was studied. The main method emphasis was on interviews with value chain actors (primary data) but secondary data analysis was also used when available. The lack of reliable secondary data from Sri Lanka fisheries made the use of primary data necessary. Interviews were conducted from late 2007 until July 2008. The conclusion is that two different value chains are characteristic for the Sri Lankan yellowfin tuna industry; the domestic market value chain and the export market value chain. The local market is highly regulated and price oriented with low emphasis on quality. The export market is characterized by demand for quality and high prices. It relies heavily on the landings of foreign vessels. Additional emphasis on the export market could increase revenues of the sector but for that structural changes are essential. The local vessels are generally too small and poorly equipped to meet the quality requirements of the export market. For the local fleet there are considerable opportunities for improving quality and reducing costs. Main obstacles are the lack of knowledge and unstructured flow of information between fishermen and processors/exporters, as well as the lack of trust between actors. Title: The Value Chain of Yellow Fin Tuna in Sri Lanka Author: Thordarson, Gunnar, Gestsson, Helgi, Knútsson, Ögmundur The fishing industry is particularly important for Sri Lankans for the domestic supply but there is also a small but growing export market for high value products. The potential for economic development lies there with yellowfin tuna as the most important specie. In this research the efficiency and productivity of the yellowfin tuna value chain in Sri Lanka was studied. The main method emphasis was on interviews with value chain actors (primary data) but secondary data analysis was also used when available. The lack of reliable secondary data from Sri Lanka fisheries made the use of primary data necessary. Interviews were conducted from late 2007 until July 2008. The conclusion is that two different value chains are characteristic for the Sri Lankan yellowfin tuna industry; the domestic market value chain and the export market value chain. The local market is highly regulated and price oriented with low emphasis on quality. The export market is characterized by demand for quality and high prices. It relies heavily on the landings of foreign vessels. Additional emphasis on the export market could increase revenues of the sector but for that structural changes are essential. The local vessels are generally too small and poorly equipped to meet the quality requirements of the export market. For the local fleet there are considerable opportunities for improving quality and reducing costs. Main obstacles are the lack of knowledge and unstructured flow of information between fishermen and processors/exporters, as well as the lack of trust between actors. Close

• 8. [Article] An Examination of the Shrimp Futures Market

  The only two seafood commodities traded in futures markets are frozen white and black tiger shrimps on the Minneapolis Grain Exchange (MGE). These two contracts, however, have failed to attract the expected ...

  Citation × Citation Citation Abstract Copy Title: An Examination of the Shrimp Futures Market Author: Martínez-Garmendia, Josué, Anderson, James L. Year: 2001 The only two seafood commodities traded in futures markets are frozen white and black tiger shrimps on the Minneapolis Grain Exchange (MGE). These two contracts, however, have failed to attract the expected trade volume based on the underlying shrimp cash market flow. First, we investigate the hedging effectiveness of these contracts. Then we also try to determine the adequacy of the premiums/discounts for non-par deliveries associated with the various shrimp size categories traded in each contract. Finally, we attempt to determine whether these contracts are unbiased predictors of cash market prices. The analyses indicate that the hedging effectiveness of both contracts is relatively modest. It is concluded that part of the explanation for the performance of the contracts resides in high deliverable category exchange option values, which stem from volatility in the price differentials between size categories. Results indicate ineffective premiums/discounts and poor predic tive ability of both contracts. Title: An Examination of the Shrimp Futures Market Author: Martínez-Garmendia, Josué, Anderson, James L. Year: 2001 The only two seafood commodities traded in futures markets are frozen white and black tiger shrimps on the Minneapolis Grain Exchange (MGE). These two contracts, however, have failed to attract the expected trade volume based on the underlying shrimp cash market flow. First, we investigate the hedging effectiveness of these contracts. Then we also try to determine the adequacy of the premiums/discounts for non-par deliveries associated with the various shrimp size categories traded in each contract. Finally, we attempt to determine whether these contracts are unbiased predictors of cash market prices. The analyses indicate that the hedging effectiveness of both contracts is relatively modest. It is concluded that part of the explanation for the performance of the contracts resides in high deliverable category exchange option values, which stem from volatility in the price differentials between size categories. Results indicate ineffective premiums/discounts and poor predic tive ability of both contracts. Close

• 9. [Article] Determinants of Preferences for Suppliers in an Industrial Value System: An Interactionist Perspective

  In this paper, we use an interactionist perspective to study inter-industry variation in buying behavior. We argue that individual purchasers’ preferences for suppliers depend on three broad classes of ...

  Citation × Citation Citation Abstract Copy Title: Determinants of Preferences for Suppliers in an Industrial Value System: An Interactionist Perspective Author: Lines, Rune Year: 2001 In this paper, we use an interactionist perspective to study inter-industry variation in buying behavior. We argue that individual purchasers’ preferences for suppliers depend on three broad classes of variables: (1) The structure of the value chain stage in which the firm competes, (2) the firm’s competitive strategy and (3) individual level work experience from the fisheries and other sectors. Structure is related to preferences because a highly transparent market with many homogeneous suppliers forces buyers to emphasize prize over other supplier selection criteria. Competitive strategy is believed to exert influence on preferences because strategy defines areas in which the firm has to outperform its competitors. As competitive advantage partly stems from an adaptation of suppliers, strategically important areas translate into criteria for supplier selection. A purchaser’s experience from work within or outside this sector is partly stored as cognitive structures that are used for making decisions and interpretation of information in complex and ambiguous environments. Present use of criteria for selecting suppliers, thus, partly reflects such experiences, in particular what has led to goal achievement in the past. A set of supplier selection criteria was identified based on a literature review and a qualitative prestudy. A set of theory-driven hypotheses are tested using data from a sample of respondents from UK, Spain and France (n = 99). Data were obtained from both traditional coast based importers-wholesalers and regionally based wholesalers. A conjoint approach was used in order to measure relative importance of supplier selection criteria at the individual purchaser level. Substantial support was found for a relationship between the three sets of variables and perceived relative importance of supplier selection criteria. Title: Determinants of Preferences for Suppliers in an Industrial Value System: An Interactionist Perspective Author: Lines, Rune Year: 2001 In this paper, we use an interactionist perspective to study inter-industry variation in buying behavior. We argue that individual purchasers’ preferences for suppliers depend on three broad classes of variables: (1) The structure of the value chain stage in which the firm competes, (2) the firm’s competitive strategy and (3) individual level work experience from the fisheries and other sectors. Structure is related to preferences because a highly transparent market with many homogeneous suppliers forces buyers to emphasize prize over other supplier selection criteria. Competitive strategy is believed to exert influence on preferences because strategy defines areas in which the firm has to outperform its competitors. As competitive advantage partly stems from an adaptation of suppliers, strategically important areas translate into criteria for supplier selection. A purchaser’s experience from work within or outside this sector is partly stored as cognitive structures that are used for making decisions and interpretation of information in complex and ambiguous environments. Present use of criteria for selecting suppliers, thus, partly reflects such experiences, in particular what has led to goal achievement in the past. A set of supplier selection criteria was identified based on a literature review and a qualitative prestudy. A set of theory-driven hypotheses are tested using data from a sample of respondents from UK, Spain and France (n = 99). Data were obtained from both traditional coast based importers-wholesalers and regionally based wholesalers. A conjoint approach was used in order to measure relative importance of supplier selection criteria at the individual purchaser level. Substantial support was found for a relationship between the three sets of variables and perceived relative importance of supplier selection criteria. Close

• 10. [Article] Investment and Development of Fishing Resources: A Real Options Approach

  The valuation of the opportunity to either invest or exploit a fishery is particularly difficult because of the high uncertainty concerning the resource price. The traditional net-present-value (NPV) and ...

  Citation × Citation Citation Abstract Copy Title: Investment and Development of Fishing Resources: A Real Options Approach Author: Murillas, Arantza Year: 2001 The valuation of the opportunity to either invest or exploit a fishery is particularly difficult because of the high uncertainty concerning the resource price. The traditional net-present-value (NPV) and other discounted-cash-flows (DCF) methods cannot properly capture the management's flexibility and strategic value aspects of a fishery, thus they may understate its value. The rationale for using an option-based approach to capital budgeting arises from its potential to conceptualize and quantify this flexibility, as new information arrives, to alter its operating strategy, to defer investments, to shut down (and restart) fishery development. Real Options valuation has traditionally been applied in the area of natural resource investments different from fishing resources. This paper presents a general bioeconomic model for the value of a fishery. It suffices to determine not only the value of the fishery when open and closed, but also the optimal policy for opening, closing and setting the harvest rate. Moreover, the paper turns to the valuation of a fishery investment opportunity and the optimal investment rule. The natural growth rate of fishing resource stock and the production function are those of the Schaefer model. Finally, results for the Pacific Yellowfin ~l~na are presented. Title: Investment and Development of Fishing Resources: A Real Options Approach Author: Murillas, Arantza Year: 2001 The valuation of the opportunity to either invest or exploit a fishery is particularly difficult because of the high uncertainty concerning the resource price. The traditional net-present-value (NPV) and other discounted-cash-flows (DCF) methods cannot properly capture the management's flexibility and strategic value aspects of a fishery, thus they may understate its value. The rationale for using an option-based approach to capital budgeting arises from its potential to conceptualize and quantify this flexibility, as new information arrives, to alter its operating strategy, to defer investments, to shut down (and restart) fishery development. Real Options valuation has traditionally been applied in the area of natural resource investments different from fishing resources. This paper presents a general bioeconomic model for the value of a fishery. It suffices to determine not only the value of the fishery when open and closed, but also the optimal policy for opening, closing and setting the harvest rate. Moreover, the paper turns to the valuation of a fishery investment opportunity and the optimal investment rule. The natural growth rate of fishing resource stock and the production function are those of the Schaefer model. Finally, results for the Pacific Yellowfin ~l~na are presented. Close