Latest news
Lobster harvesters, lawmakers mount effort to delay new US size requirements again
The requirements were earlier delayed from June 2024 until January 2025, but an effort to push them out further is well underway
Norway salmon spot prices lift again on limited supply, mixed messages on Scottish
Spot prices for farmed Norwegian salmon look to be up again in week 19 of 2024 on still-limited supply; there are mixed reports on Scottish prices rising again
Chilean seafood exports hit almost $2.3bn in Q1, yet see 1.6% dip
The decline can be attributed to several subsectors experiencing setbacks, including salmon and trout, fish oil, horse mackerel, mussels and algae
Fishmeal sales surge amidst Peru’s fisheries export slump
In February 2024, Peru's fisheries sector experienced a 14.1% drop in exports to 180,100t
Maine elver fishery maintains 10,000 lb quota while Canada struggles with poaching
US regulators eliminated cash transactions in the fishery, increased fines, revoked licenses and put people in jail for violating elver fishing rules
Alaska lawmakers move forward with seafood industry task force
Industry and harvester organizations both back a dedicated, state-formed group to study fixes for Alaska's struggling seafood sector
Canada reports making progress on curbing elver poaching
Officers from the Pacific, Ontario, Quebec, Newfoundland and Labrador and Gulf of St. Lawrence regions have been brought in to disrupt the illegal fishery
Peru’s bonito tuna fishing soars, exceeding authorized catch limit
Landings surged by 191.4% in the first two months of 2024, reaching 41,224 metric tons, already exceeding the authorized catch limit by 18,000t
Another Canadian lobster zone to open Sunday after six-day wind delay
LFA 24, off the northern coast of Prince Edward Island, produced 10,855 metric tons of North American lobster (Homarus americanus) in 2022, more than 10% of Canada's total catch that year
Norway mackerel export prices continue to climb, herring fillets reach ceiling?
Export prices for mackerel in kroner are still rising, and are high even in dollars, while herring prices have ticked up from week 16's dip in week 17
Nasdaq: Norway salmon prices slide in week 17
Spot prices for farmed Norwegian salmon fell again in week 17 of 2024, according to the NASDAQ Salmon Index
Norway’s blue whiting still rolling in, but no sand eel yet
Week 17 was another good one for Norway's landings of blue whiting, but fishing for sand eel has been 'stagnant'
Pereira charts expansion beyond Spain with new squid fishing vessel, facility upgrades
The company plans investments in both infrastructure and fleet to push for 'greater operational efficiency, expanded market reach, and enhanced product offerings'
New version of the MarinTrust factory standard enters into force
A new version of the MarinTrust Factory Standard has been implemented on May 1, according to the organization
Barge orders buoy AKVA but no excitement expected in land-based for H1
Three new barges for the Nordic market made for a contract value of around NOK 160m, but 'the market for land-based [technology] is still slow'
Russia repossesses 1,000t of crab quota from Ukrainian citizen
Russia has acted on its plans to seize the crab assets of Dmitry Dremlyuga, including some 1,000t per year of quotas, worth around $190m
Aussie lobster co-op goes into retail while it awaits Chinese green light
The Geraldton Fishermen's Co-operative has been unable to ship live lobster to China since 2020, meaning new avenues are needed
Papua New Guinea signs port state measures, joining efforts against IUU
Papua New Guinea has officially acceded to the Food and Agriculture Organization of the United Nations Agreement on Port State Measures
Daily recap: Blue Resource to hit $270m sales by 2026; Lobster Boys sells Canadian plant
Undercurrent News presents a recap of the top daily seafood stories from Thursday, May 2
Fungi protein feed sparks shrimp health, growth surge, says firm
A study conducted by Finnish biotech startup Enifer, in collaboration with AquaBioTech Group, has unveiled that shrimp fed with fungi protein exhibit accelerated growth and enhanced health
Storm-damaged docks challenge Maine lobster harvesters
Many working waterfronts along Maine's coast were swept away by the back-to-back storms that battered the east coast on Jan. 10 and 13
Wholesale prices return 12-14% higher for Newfoundland snow crab
The re-appearance of NL snow crab prices in the UB price sheet means there are now enough sales of the 2024-caught crustaceans to gather a meaningful gauge. Previous sales were of frozen 2023 inventory
Lobster Boys to sell Canadian plant as part of bankruptcy plan
The company, owned by brothers Travis and Justin Madeira, filed for Chapter 11 protection in late December 2023, owing nearly $4.5 million
Alaska lawmaker introduces legislation to ban Pebble Mine
The bill, introduced by US representative Mary Peltola, comes after a string of attempts by the state to revive the controversial mining project
Alaskan pollock roe output highest since 2021
The Alaskan pollock industry has seen a 25% year-on-year increase in roe production, while Russian harvesters cumulatively offered 27,000t of roe through the last week of April
Peru fishery sector began 2024 with sharp decline in anchovy landings
On the bright side, the country's minister of economy and finance has recently reported a recovery, due to better weather conditions and the start of the first anchovy fishing season in the southern zone
Offshore wind development one step closer for Oregon
The US government announced this week a proposed auction for offshore wind projects in two coastal areas of the US state
Millions in funding announced for Oregon salmon fishery disasters
The funding covers commercial fishery disasters that happened in the US state in 2018, 2019 and 2020
Land-based shrimp farmer targets new markets in northern US
NaturalShrimp said it seeks to tap into fresh markets as a result of increased production at its Webster City, Iowa, facility
Norway’s frozen cod export values surge as Chinese demand returns
The average price of frozen cod exports from Norway have climbed to the eye-watering height of NOK 67/kg on average