Latest news
Texas retailer VP Jason Driskill named chair of Seafood Nutrition Partnership board
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
Peru bonito tuna exports hit record high with sales to Ivory Coast, Spain leading the charge
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
Chilean farmers cautiously optimistic on 2025 salmon outlook following ‘stagnant’ year
A rebound in Chilean salmon prices across significant markets suggests a brighter year ahead for the industry. However, regulatory uncertainty remains a significant challenge
Current Russian H&G pollock pricing out of kilter with single-frozen fillet levels
'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
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
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%
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
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
Russian landings of Pacific herring strengthen y-o-y in January
The Russian Far East's catches of Pacific herring increased year-on-year in January despite difficult weather conditions, according to Rosrybolovstvo
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
Greece bass prices slip further for smaller fish as Spain, Turkey hold firm
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
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 whitefish processors trumpet Europe pivot after 10% US tariff
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
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?
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
Cermaq’s profit rises 7% to $53m on salmon cost improvements in Chile
Cermaq Group posted a JPY 8.1bn net profit for the April-December 2024 period, driven by significant improvements in production costs in Chile
Japanese conglomerate to acquire Tokyo Toyosu wholesaler for $123m
Fukuoka-based conglomerate Aso Corp. plans to fully acquire Tokyo Toyosu seafood wholesaler Tohto Suisan with a JPY 18.37bn tender offer
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
Catch the Current episode 2.5: Meet the Boeing engineer who started her own smoked salmon company
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
New Bedford mayor pledges Vineyard Wind 1 completion despite Trump’s pause
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
Canadian lobster, snow crab sector champions visit EU amidst Trump trade threats
Uncertainty over a tariff threat has leaders in Canada's seafood industry talking about the need to reduce dependency on the US market
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
Captain Fresh in talks to buy US importers Blue Sea, Ocean Garden
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
FTI Consulting running eFishery with shareholders set to vote on sale, wind-down
The company laid off approximately 300 of its 1,800 employees last month, though the trade union representing the workers is challenging the move
Canada not out of woods: $314m feed trade at risk from tariff threat
Crucial feed and raw material exports to the US remain at risk as the tariff dispute is still not settled
Peru’s shrimp, tilapia exports, production plummet, but scallop boom sparks hope
Peru's aquaculture sector faced a challenging year in 2024, with a decline in production attributed to adverse climatic conditions
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
Trump’s Panama Canal tiff seen as having minimal impact on seafood
US secretary of state Marco Rubio visited Panama following president Donald Trump's request to have it return control of the Panama Canal
Japan’s regional scallop prices triple after market collapse from China’s ban
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
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