Denmark’s Nowaco sees 2023 sales cut by soft demand, trade challenges
Danish seafood and food trading group Nowaco reported a decline in revenue amidst challenging market conditions, down 6%
Norwegian H&G frozen saithe prices surge amid rumors of Russian sanctions
Despite sizeable sales volumes, saithe prices are gathering momentum this month with the threat of EU bans on Russian whitefish looming
Icelandic cod prices go on climbing but haddock values dip
Week 32 was the latest to see values of both gutted and ungutted cod on the auction pick up, although a good week of haddock sales saw prices soften somewhat
Week 32 Peterhead cod prices rise on lack of imports, mixed bag on haddock
Prices for cod and larger haddock up in week 32 on Peterhead auction, the largest in the UK for whitefish, which is now featured on the Undercurrent prices portal
H&G cod, haddock prices stable for China deliveries in week 32 amid uncertain outlook on Russia
Prices for frozen H&G Atlantic cod and haddock are stable and finely balanced, but outlook is uncertain for Russian supply to EU, according to UCN week 32 assessment
UCN estimates EU imported $700m in Russian seafood from China in 2023 on top of $955m direct
Using UCN's trade portal to estimate total direct and indirect imports of Russian fish for EU 27, the estimate is $1.65bn for 2023, comprised of $955m coming in directly and $699m from China
Chinese whitefish processors say potential EU ban on Russia would be ‘catastrophe’
Any potential EU ban on all Russian fish would spell a catastrophe for the Chinese whitefish sector, especially since the industry has already lost the US market, sources said
UCN’s seafood pricing data portal now at 2,800 sets with daily Japan, UK additions
Recent daily pricing additions from a huge wholesale market in Japan, as well as to two key UK fresh auctions, have taken UCN's industry-leading portal past 2,800 data points.
Norwegian H&G frozen cod auction prices hold, saithe hits annual peak
Saithe remains by far the most abundant frozen species on Norway's domestic whitefish auction this month, with supplies of cod and haddock atypically low
‘Rumblings’ of EU ban on $1.6bn-plus Russian seafood imports get louder, says Klausen
Industry noises around a possible full, partial or staged ban on the EU's $1.65bn-plus direct and indirect imports from Russia are getting louder, says CEO of Danish trader JP Klausen