Japan secures unchanged quota for Russia-spawning salmon
The agreement includes catch limits of up to 1,550t for chinook, sockeye, coho, and pink salmon combined, unchanged from the year 2024
Chilean salmon sector to benefit from Easter price jumps
The Lenten season continues to drive retail demand, reinforcing pricing stability despite previous declines earlier in the year
Local Coho’s RAS facility in upstate New York listed for sale or lease
While the for-sale ad doesn't list Local Coho by name, the sale site identifies a matching address
Maruha Nichiro merges Alaska pollock subsidiaries amid market challenges
The merger of Westward Seafoods and Alyeska Seafoods comes amid challenges in the Alaskan pollock sector, including last year's collapse in surimi prices and rising labor and operational cost
Japanese buyers rush to secure Chilean coho for upcoming season amid record prices
Some Japanese importers are still taking a cautious approach to price negotiations for the 2025-26 season due to uncertainties over consumer demand at current prices, expectations for Atlantic salmon prices to decline, and an unclear exchange rate outlook, however
Japan’s Miyagi farmed coho salmon output set for recovery in 2025
Following last year's production shortfall, which depleted inventories and fueled demand, market conditions remain strong, with industry players expecting dock prices to exceed $5.28/kg this year
Hanwa’s seafood profit soars 103%, US subsidiary returns to profitability
The Japanese owner of US firm Seattle Shrimp & Seafood reported consolidated net sales for food of $711 million for April-December 2024, while the subsidiary's profit swung to a $200m gain from an earlier loss
Nissui set to hit record $5.8bn revenue, driven by weaker yen, strong European sales
The Japanese seafood giant has raised its full-year revenue forecast to a record $5.8bn for the fiscal year ending March 2025, citing a weaker yen and strong performance in Europe
Silver Bay still in talks for lease-to-buy deal on OBI Alaska plants
If the deal happens, Silver Bay will operate more than 20 processing plants in Alaska and the US West Coast, as the processor recently expanded to a dozen facilities in 2024
US land-based coho salmon closure leaves food bank 13,000 live fish to process
LocalCoho, a land-based producer in the US state of New York, which ceased operations Friday, donated 13,000 live fish to a food bank