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Whitefish
Texas retailer VP Jason Driskill named chair of Seafood Nutrition Partnership board

By Feb 06, 2025 02:26pm

Driskill and new vice chair Gustavo Lara will lead efforts to expand consumer outreach and industry collaboration on seafood and nutrition issues, says the nonprofit

Trade
Peru bonito tuna exports hit record high with sales to Ivory Coast, Spain leading the charge

By

Peru’s bonito tuna industry reached a major milestone in 2024, with exports soaring to a record high in the first 10 months of the year, fueled by robust demand from Spain and the Ivory Coast

Prices
Chilean farmers cautiously optimistic on 2025 salmon outlook following ‘stagnant’ year

By

A rebound in Chilean salmon prices across significant markets suggests a brighter year ahead for the industry. However, regulatory uncertainty remains a significant challenge

Prices
Current Russian H&G pollock pricing out of kilter with single-frozen fillet levels

By

'In all my years of dealing with pollock, I have to yet to understand the correlation between H&G and double-frozen prices,' said Russian seller

Companies
Farmed cod hits highest ever share of Norway’s fresh exports as wild-caught supply tumbles

According to the NSC, skrei export volumes were down 30%, wild-caught fresh cod down 19%, and frozen cod down 52% as supplies slumped in January 

Companies
Researchers claim tuna packaging breakthrough reduces mercury

Researchers at Chalmers University of Technology in Sweden developed a tuna packaging method that reduces mercury levels by up to 35%

Europe
Waitrose’s Scottish salmon supplier Aquascot posts £644,000 loss

The employee-owned company saw sales volume decrease by 12.8% compared to the previous year, though turnover increased 9.6% to £68.7m

North America
Big jump in salmon exports to US headlines Norway’s impressive start to year

The US was the largest single market for Norway in January, as the country sold more fish and shellfish there than any other month on record

Prices
Russian landings of Pacific herring strengthen y-o-y in January

By

The Russian Far East's catches of Pacific herring increased year-on-year in January despite difficult weather conditions, according to Rosrybolovstvo

Prices
Norway’s salmon producers want UK price-inflation case thrown out

The UK lawsuits, filed by various retailers, are based on an ongoing European Commission probe; but EU infringement decisions are not something a UK tribunal can rule on, lawyers argued

Philosofish seabass seabream
Prices
Greece bass prices slip further for smaller fish as Spain, Turkey hold firm

By

Seabass prices have remained largely stable in Spain's wholesale market, Mercamadrid, with fish from both Spain and Turkey holding steady; however, small-sized Greek bass continues to see a downward price trend

Companies
Japanese consumers on board for cell-cultivated eel, new survey shows

A new survey by Forsea Foods finds that 25% of Japanese consumers are willing to try cultured eel at any price, as demand for eel rises amid overfishing and high prices

Chinese pollock processing factory
China
Chinese whitefish processors trumpet Europe pivot after 10% US tariff

By

The 10% tariff imposed by the US on Chinese imports, which took effect on Feb. 4, may not have as great an impact on whitefish processors as in 2018

Trade
Atunlo’s debt restructuring faces strong opposition ahead of critical vote

On Feb.10, the firm will face a decisive vote that could determine its fate: will its proposal for a debt restructuring plan be accepted or will the company head toward liquidation?

Europe
Spanish unions file dispute against Nueva Pescanova over controversial labor proposal

Three Spanish unions have filed a collective dispute against Nueva Pescanova, accusing the company of trying to impose a nationwide labor agreement that would replace the individual agreements at its centers in Galicia

Trade
Cermaq’s profit rises 7% to $53m on salmon cost improvements in Chile

By

Cermaq Group posted a JPY 8.1bn net profit for the April-December 2024 period, driven by significant improvements in production costs in Chile

Japan
Japanese conglomerate to acquire Tokyo Toyosu wholesaler for $123m

By

Fukuoka-based conglomerate Aso Corp. plans to fully acquire Tokyo Toyosu seafood wholesaler Tohto Suisan with a JPY 18.37bn tender offer

Companies
Daily recap: Crab, salmon added to US wholesale price assessments; Captain Fresh in talks for US acquisitions

Undercurrent News presents a recap of the top daily seafood stories from Wednesday, Feb. 5

Products
Catch the Current episode 2.5: Meet the Boeing engineer who started her own smoked salmon company

By Feb 05, 2025 05:40pm

Jade Taylor, a former Boeing engineer, joins Catch the Current to talk about her journey from the skies to the seas as she launches her US smoked salmon company

Trade
New Bedford mayor pledges Vineyard Wind 1 completion despite Trump’s pause

By

Jon Mitchell, the mayor of New Bedford, Massachusetts, insists the Vineyard Wind 1 project will be completed, despite a White House memorandum pausing offshore wind energy project development

Trade
Canadian lobster, snow crab sector champions visit EU amidst Trump trade threats

By

Uncertainty over a tariff threat has leaders in Canada's seafood industry talking about the need to reduce dependency on the US market

Prices
US wholesale: Week 6 seafood price assessments live

UCN's week six price assessments and market wrap-ups for US wholesale prices fo rcrab, salmon, shrimp, frozen lobster, groundfish, farmed whitefish, scallops, crab and salmon are available on our new platform

M&A
Captain Fresh in talks to buy US importers Blue Sea, Ocean Garden

By

Undercurrent News has confirmed the identity of importers and distributors on either side of the US that Captain Fresh is in talks to acquire; both are complementary bolt-ons to CenSea 

Asia
FTI Consulting running eFishery with shareholders set to vote on sale, wind-down

By

The company laid off approximately 300 of its 1,800 employees last month, though the trade union representing the workers is challenging the move

Fish feed pellets
Insects
Canada not out of woods: $314m feed trade at risk from tariff threat

By

Crucial feed and raw material exports to the US remain at risk as the tariff dispute is still not settled

Peruvian aquaculture far from full potential as investors await new law
Trade
Peru’s shrimp, tilapia exports, production plummet, but scallop boom sparks hope

By

Peru's aquaculture sector faced a challenging year in 2024, with a decline in production attributed to adverse climatic conditions

Seafood entrepreneurs
US consulting company shines light on shrimp mislabeling in New Orleans ahead Super Bowl

Recent testing has again uncovered instances of foreign shrimp being falsely marketed as local

Trade
Trump’s Panama Canal tiff seen as having minimal impact on seafood

By

US secretary of state Marco Rubio visited Panama following president Donald Trump's request to have it return control of the Panama Canal

Prices
Japan’s regional scallop prices triple after market collapse from China’s ban

By

Strong market demand and a supply shortage across Hokkaido have driven scallop prices in Japan's Funka Bay to triple from the previous season following a market collapse caused by China's import ban

North America
More than half of harassment incidents of US fisheries observers not reported, researchers say

'This is an incredibly important study that provides positive proof that official statements don't capture the whole picture of harassment rates' -- Emily Menashes, NOAA Fisheries

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