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US wholesale: Week 5 seafood price assessments live
UCN's week five price assessments and market wrap-ups for US wholesale prices for shrimp, frozen lobster, groundfish, farmed whitefish and scallops are available on our new platform
Shrimp, anchovy shortages contribute to steep decline in Peru’s fishery landings
Peru's fishing industry faced a severe setback in October 2024, as landings plummeted by 77.1%, reaching just 73,200 metric tons, compared to the same period in 2023
Alaska projects ‘excellent’ 5m sockeye salmon harvest on Upper Cook Inlet
'We're looking at some larger fish coming in, larger than average' -- Kyle Gatt, Alaska Department of Fish and Game
Santa Monica CEO has three acquisitions in works, looks to correct 2024 profit drop
Santa Monica Seafood is in active talks to acquire two companies and has a third in the works, too
US seafood processor to construct major West Coast plant
'This project builds on our mission to onshore hundreds of processing jobs by leveraging automation to compete with international processors' -- Cody Mills, Fathom Seafood
No new risks in Costco smoked salmon recall, says New York-based supplier Acme
Acme Smoked Fish calls the FDA's timing of recall confirmation "unfortunate" and reassures customers it's not a new or expanded recall
Century canned tuna recalled in Canada due to undeclared allergen
A recall for select tuna produced by Century Pacific Food in the Philippines has been issued by the Canadian government as the product failed to identify wheat in its labeling
Trump’s tariffs could’ve cost US importers of Colombia tilapia more than $69m annually
Tilapia accounted for 91% of the total $151.8m worth of seafood Colombia sent to the US in 2023. Colombia counts on the US to buy nearly all of its exported tilapia
Winners and losers as Canada shuffles baby eel quota
In a letter to industry participants on Jan. 27, Canada's Department of Fisheries and Oceans confirmed that half of the commercial quota in Atlantic Canada this year will be given to Indigenous communities
Peru former congressman accused of selling out tuna fishing rules
Peru's former congressman Darwin Espinoza is facing serious corruption charges after being accused of receiving a PEN 1 million bribe to influence the country's tuna fishing regulations
US conglomerate looks to sell wild shrimp supply division
The owner of a large US farmed shrimp importer and value-added seafood supplier is looking to sell its gulf shrimp-focused operation, acquired in 2006
Catch the Current Episode 1.5: How Ode is growing a niche product with farmed Norwegian cod
Catch the Current hosts Amanda Buckle and Lorin Castiglione caught up with Ode sales managers Cathrin Rabben and Tone Hellesvik at the Global Seafood Market Conference last week to learn more about the Norwegian cod producer's recent growth
After 2024 losses, Norway’s Kvaroy restructures, lays off some US staff
'We have had a reduction in sales [in the] last two years and need to look at the cost and how to be more efficient' -- Kvaroy CEO Alf-Goran Knutsen
UCN hires Cliff White as editorial director
White's hiring is the latest in a series of hires by UCN, which is expanding its news and data offering and has launched a US wholesale seafood price assessment service
Greek bass prices fall as volumes rise, while Spain, Turkey continue to struggle
The latest trends from Mercamadrid, one of Europe's largest wholesale seafood markets, reveal a mixed outlook for seabass in week four
Norwegian fresh cod auction prices rise fast in first week of serious landings
Even with just over 1,300t of fresh cod sold on the Norges Rafisklag auction in the latest week, prices climbed back towards NOK 80/kg
Thai shrimp market sees biggest price gains in two years amid continued demand
Thailand's shrimp market saw continued price increases in the fourth week of January, pushing prices to their highest levels in nearly two years across all size categories
Chinese seafood leaders project heavy losses amid sector headwinds
China's seafood industry is forecasting significant losses for 2024 amid weak consumer demand, price volatility, and extreme weather events that hit coastal operations
Indonesian shrimp prices continue to strengthen in week 5
Prices for Indonesian vannamei shrimp have continued to rise through the fifth week of the new year
Norwegian firm gets halibut farm license
Norwegian aquaculture company Amar Seafood has secured licenses to farm Atlantic halibut in Froya, western Norway, marking its first major expansion into the region
Captain Fresh eyes spot in seafood’s top 10, targets $1bn sales for next year
Acquisitive Captain Fresh aims to use the proceeds of a planned IPO to fuel growth toward becoming a top-10 seafood sector player, as the acquisitive firm eyes more buy-outs in the EU and US this year
Mowi, Scottish uni put $10m into fighting chronic salmon diseases
An £8.5 million research initiative aimed at improving the health, welfare, and productivity of farmed salmon in Scotland has been launched
Certification collaboration’s tool finds increased evidence of human rights abuses
The Certification and Ratings Collaboration has released an updated version of its environmental data tool, offering insights into the sustainability of global seafood production, it said
Indian shrimp broodstock supplies fell to lowest level for over six years in 2024
Data from Shrimp Insights shows that Indian broodstock supplies from overseas and to local hatcheries fell by 12% y-o-y and are down by 30% since 2021
Ecuador tuna canning sector eyes stable sales in 2025 after record year
The Ecuadorian tuna canning sector aims to maintain its strong 2024 sales performance following a year marked by record tuna catches and soaring exports
Russian pollock firm to lift catches after pulling out of Europe fillet market
NBAMR expects to increase its pollock catches in 2025 to 140,000t, from 117,000t in 2024
Daily recap: Canada-based group buys Argentine fishing firm; Week 5 farm-gate shrimp roundup
Undercurrent News presents a recap of the top daily seafood stories from Tuesday, Jan. 28
Major Ecuador shrimp supplier sees late Chinese live volumes impact prices
Normally, the live supply from the greenhouse farms drops off just before the Chinese New Year, but not so in 2025
Argentina breaks fishing export records with China, Spain leading strong demand
Argentina’s fishing industry reached new heights in 2024, breaking export records as global demand for its seafood surged
Sedacca one of three new investors in Browne Trading
'Browne Trading has always been a Bentley ... but now we're going to run it on all cylinders and try to win a race with it' -- Browne Trading partner Jeff Sedacca