Margins drop off a cliff in 2022 for US importers of coldwater shrimp
Analysis by Urner Barry shows that as 2022 comes to an end, margins appear to be negative, with importers hoping either for a lift in wholesale prices or a fall in import costs
UK coldwater shrimp market price climb stalls as market turns cautious
A tough winter of inflation hitting consumers, mixed with coldwater shrimp's price rise in recent months, have slowed the market to a standstill and could keep prices flat through Q1
Recession set to sharpen coldwater shrimp market share losses in UK
Inflation has already increased the perception of coldwater shrimp at retail as an expensive commodity, while foodservice too is seeing warmwater shrimp edge out its wild-caught rival
Norwegian Seafood Council to spend $41m on marketing in 2023
Half of that will go on marketing salmon abroad, with increased investments in new markets, including Israel, Saudi Arabia and Vietnam
UK dismays EU by siding with Norway, Russia in NEAFC dispute
The dispute -- over a relatively tiny technicality in fisheries management -- comes as the UK, Norway, and EU again meet to discuss quota sharing
Quebec shrimp plant to expand lobster line at cost of $3m
The Fruits de mer de l'Est du Québec plant, in Matanese, has specialized in shrimp for 55 years, but it will spend CAD 4 million ($3m) to expand a new lobster line
China’s coldwater shrimp imports boom as products resonate with online retail
Trade data shows that China has absorbed the vast majority of the shrimp that couldn't be sold to Russia or Ukraine in 2022, while the MSC has also seen sales of certified shrimp rise fast
Global coldwater shrimp catches to decline then level out in coming years
However, the seemingly delayed 'return of cod' means this expert's models are a little more optimistic than they were five years ago
Norwegian state secretary urges innovation to secure country’s shrimp industry
Meanwhile, in the key coldwater shrimp nation of Greenland, the government remains focused on trade talks with the UK and on fisheries regulation reform
Bluewild fisherman presumed dead after day missing in Barents Sea
On Nov. 15, a 26-year-old fisherman aboard the Norwegian fishing company Bluewild's M/Tr. Langenes trawler vessel went missing in the Barents Sea, north of Bjornoya