Morrisons seeing shift from coldwater shrimp back to warmwater
Lower wild shrimp quotas and higher prices are causing a shift back to warmwater shrimp for UK retailers, Morrisons manager told attendees at GOAL
Greenland cod prices continue to recover
Though cod prices in second quarter increased less than in Q1, while halibut prices, though still dropping, fell less strongly
Royal Greenland CEO: TAC cuts show need to re-position shrimp as luxury
Cuts can be managed if prices follow suit, and if cooked and peeled shrimp is once again positioned as a high-end product, says Mikael Thinghuus
Coldwater shrimp sector faces more cuts as NAFO closes Grand Banks
After years of declining TACs, NAFO has recommended stopping all fishing in the Grand Banks, while Greenland is considering cutting its TAC to just 70,000t
Coldwater shrimp prices to Russia soaring on back of ban
One importer says prices have rocketed by 15-18% as Greenland is now only the producer able to send directly into Russia; although first shipments from Canada via China could arrive in November
Albatros administrator files claim in Russia; trade debts in Denmark exceed $7m
Administrator for Danish coldwater shrimp supplier has filed a claim in Russia, where the subsidiary has started bankruptcy proceedings
Tesco coldwater shrimp supplier ups profit, diversifies with China plant
UK-based Northcoast Seafoods upped profit and turnover last year and set up production in China, amid challenging Europe and UK foodservice sector
World Food Moscow: Karat hoping to supply to McDonald’s by year-end
Undercurrent News reported from the World Food Moscow show in the Russian capital from Sept. 15 to 19, where the impact of the food ban was at center of all discussion
Samherji nets €50m on Africa sale to Karat Group firm
Samherji netted a big gain from the sale of its African assets last year, as it reported record profit on flat turnover
US coldwater shrimp prices continue rising on short supply
As with the general global trend, prices for North American pandalus borealis and jordani are getting stronger on lower quotas