Latest news
Late surge of US shrimp imports in 2024 not enough to make up for earlier deficit
'The industry entered the year in an oversupply situation, further pressured by uncertainty regarding antidumping and countervailing duties' -- Gary Morrison, head of growth and strategy for UCN's price reporting agency
Fishing groups laud Trump’s choice for NOAA administrator, Neil Jacobs
US fishing groups are praising US president Donald Trump's choice to lead the National Oceanic and Atmospheric Administration
US shrimp sector leverages Trump’s ‘America First’ agenda to hurt import rivals
Southern Shrimp Alliance requests an end to taxpayer funding backing shrimp aquaculture outside the US
US wholesale: Risk of tariffs pushes warm-water lobster tails higher
The remaining uncertainty over the paused Canadian tariffs led warm-water lobster tails higher in response to the news and headline risk
US wholesale: Crab prices jump even in the face of elevated levels
Limited inventory positions drive Norwegian-origin red king crab and snow crab prices higher, significantly in the case of the former
Pearl doubles down on ambitious US shrimp farming plans after regaining AMI’s helm
'This is a complete paradigm shift in how we approach shrimp farming, and that excites me' -- Robin Pearl, CEO of American Mariculture Inc
Louisiana faces oyster recall amid NFL Super Bowl-linked restoration efforts
Oysters in the US state of Louisiana are being recalled just days before the Kansas City Chiefs and Philadelphia Eagles go head-to-head in Super Bowl LIX in the city of New Orleans
US pollock regulators take hard look at capping salmon bycatch in Bering Sea
'We need to craft our approach to specifically addressing minimizing Western Alaska chum salmon, taking into account those times and areas of when they occur' -- Trent Hartill, American Seafoods
US wholesale: Big waves, oil spill dampen Peru’s resurgent scallop supply
A tsunami-like event that hit Peru's northern coastline in late December, affecting Lobitos, Máncora and Cabo Blanco, may jeopardize the country's recently renewed scallop export surge
Pacific Seafood hires Cathy DuPuis to handle sales from Kodiak plant bought from Trident
American Seafoods veteran Cathy DuPuis has been hired by Pacific Seafood as a sales and category manager for the company's recently acquired Kodiak, Alaska, facility
Captain Fresh CEO says India’s new budget can boost export values
India's recently announced sustainability framework for its fishery industry could be a 'game changer' for the country's seafood sector, feels Utham Gowda
Americold to invest $75m to build cold storage facility at Canadian port
The facility will primarily serve to connect central and eastern Canada and Europe, South America and the Asia-Pacific region
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 salmon prices across significant markets suggests a brighter year ahead for the Chilean 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