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Daily recap, April 20: China Fishery sale could come by August; US redfish supply almost wiped out by freeze

Undercurrent editors roundup the key seafood news stories from the previous day

By Undercurrent News | April 21, 2021 07:14 BST
Redfish. Photograph by Judy M Darby on Shutterstock.
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Here's a recap of the daily seafood news from Tuesday, April 20:

Forty bidders in mind, China Fishery auction planned for August

One way or another, the end to a five-year-long bankruptcy process appears to be almost in sight for China Fishery Group (CFG), Peru's largest fishmeal and fish oil processor. However, there appears to be no resolution readily apparent to the dispute between court-appointed bankruptcy trustee William Brandt, who wants to carry out a sale process for CFG, and a large group of its creditors known as the ad hoc group who, frustrated with repeated delays, instead propose to take over the company in a debt-for-equity swap. Read the latest development in detail here [...]

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US wholesale: Scallop market faces new tariffs, colliding with tight supply

US wholesale: A sigh of relief for lobster trade at the moment, but big discounts ahead of new season

Credit: WoodysPhotos/Shutterstock.com

Greenland, Faroes to receive baseline 10% tariff on US trade, sources confirm

US shrimp industry celebrates Trump tariffs on competitors as ‘crucial lifeline’

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