Undercurrent News is reporting live from the Global Seafood Market Conference, held annually in the US in January and organized by the National Fisheries Institute.
Recap all the news from day three below:
- Blumar adds two new US salmon skin-pack customers, sees demand growing on frozen for re-fresh
Chile's Blumar has added two new retailers to its US salmon skin-pack program, the company's Daniel Montoya told Undercurrent during the GSMC conference.
- US whitefish buyers keep eye on possible Russian return with H&G prices set high
US whitefish buyers are keeping at least one eye on the possible return of Russian fish to the market in 2025, which would relieve the record-high prices for cod and haddock, sources at GSMC told Undercurrent.
- Tilapia loses ground in US markets as global production rises
Global producers of farm-raised tilapia are producing higher volumes, but the US market is becoming weaker for major exporters, particularly China.
- Pollock offers best value competing against other proteins
Significant increases in PBO fillets of pollock could provide growth opportunities at retail, the species panel on whitefish told GSMC attendees Thursday morning.
- Whitefish panel predicts stable PBO pollock prices as surimi struggles continue
Demand for US pin-bone out pollock fillets looks set to remain strong in 2025, with prices likely to be stable, according to executives on the GSMC whitefish panel.
- High Liner sees 'challenges' coming on US cod demand as higher prices hit market
The rapid increase in raw material prices seen on cod, especially Atlantic, are just hitting the market, said Paul Jewer, CEO of Canada-based processor High Liner Foods.
- More US tariffs on China tilapia could drive demand for Vietnamese pangasius
The possibility of US president Donald Trump adding additional tariffs to Chinese tilapia, on top of the 25% in place already, could be a driver for demand for Vietnamese pangasius fillets.
- Need for sourcing flexibility emphasized on salmon, scallop sessions
Across both the shellfish and salmon panels at GSMC, a clear message emerged: in a market facing tight supplies, strong consumer demand, and ongoing tariff uncertainties, flexibility is key.
You can find the headlines from day one here, and day two here.
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