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Analysis
Late surge of US shrimp imports in 2024 not enough to make up for earlier deficit

By Feb 06, 2025 05:14pm

'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

North America
Fishing groups laud Trump’s choice for NOAA administrator, Neil Jacobs

By

US fishing groups are praising US president Donald Trump's choice to lead the National Oceanic and Atmospheric Administration

North America
US shrimp sector leverages Trump’s ‘America First’ agenda to hurt import rivals

By

Southern Shrimp Alliance requests an end to taxpayer funding backing shrimp aquaculture outside the US

Credit: Gilmanshin/Shutterstock.com
Prices
US wholesale: Risk of tariffs pushes warm-water lobster tails higher

By

The remaining uncertainty over the paused Canadian tariffs led warm-water lobster tails higher in response to the news and headline risk 

Prices
US wholesale: Crab prices jump even in the face of elevated levels

By

Limited inventory positions drive Norwegian-origin red king crab and snow crab prices higher, significantly in the case of the former

American Mariculture
Sustainability
Pearl doubles down on ambitious US shrimp farming plans after regaining AMI’s helm

By

'This is a complete paradigm shift in how we approach shrimp farming, and that excites me' -- Robin Pearl, CEO of American Mariculture Inc

Food Safety
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

Chum salmon
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

Analysis
US wholesale: Big waves, oil spill dampen Peru’s resurgent scallop supply

By

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

North America
Pacific Seafood hires Cathy DuPuis to handle sales from Kodiak plant bought from Trident

By

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

Sustainability
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

Trade
Americold to invest $75m to build cold storage facility at Canadian port

By

The facility will primarily serve to connect central and eastern Canada and Europe, South America and the Asia-Pacific region

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

By

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

Tuna
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 salmon prices across significant markets suggests a brighter year ahead for the Chilean 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

Saithe
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 

Food Safety
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%

Processing
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

Trade
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

Cell-based proteins
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
Trade
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

Tuna
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?

Processing
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

Bluefin tuna
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

M&A
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

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