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Crab
Canada’s latest assessment of southern gulf snow crab stock is bad news

By Feb 20, 2025 05:35pm

On the positive side, the latest assessment reports the female population is healthy and growing

Russia
Thaw in US-Russia relations could have major consequences for seafood trade

By

US president Donald Trump has hinted he is open to lifting Russian sanctions, which could include the elimination of the US ban on Russian seafood

Supply
Ecuador shrimp giant inks farming, processing ‘alliance’ with owner of France’s Crusta C

By

Ecuadorian shrimp player Aquagold has invested in a farm owned by the parent company of a large French cooker; the two will explore European and US downstream expansion

Atlantic salmon
Mowi’s expansion bid hangs in balance as Newfoundland weighs doubling salmon stocks

By

The Norwegian salmon producer requested the province increase stocking capacity from three million to six million salmon across three sites

Analysis
US wholesale: Groundfish prices rise amid global uncertainty

By

Speculation is growing about potential shifts in US-Russia relations under president Donald Trump that might alter the existing ban on Russian seafood. Such an adjustment could dramatically affect future supply and pricing in groundfish

Supply
Squid fishing in Falkland Islands delayed after scientist recommendations

The start of the 2025 Patagonian squid fishing campaign in the Falkland Islands has been delayed by one week, now set for March 1

Companies
Late Ash Wednesday not stopping fast food chains from launching limited-time Lent offerings

By and

Limited-time seafood offerings are beginning to hit fast food chains leading up to the first day of Lent on March 5

North America
Pacific cod fleet finds success in Gulf of Alaska

By

'Fishing seems average or better than average' -- Nat Nichols, Alaska Department of Fish and Game

North America
Lutnick confirmed as US commerce secretary, could impact next NMFS chief, tariffs

US president Donald Trump previously said that Lutnick would be leading 'our tariff and trade agenda'

Prices
Indonesia’s new export requirement hits swimming crabmeat, shrimp, tuna

Starting March 1, all resource exporters will be required to keep 100% of their earnings within the Indonesian financial system for at least a year

White shrimp return to Gulf as Sept landings help mitigate losses from late start
Gulf shrimp
US wild-caught shrimp producers embrace ‘Gulf of America’ rebrand

'It will make it clearer that it is an American product' -- David Chauvin, Louisiana shrimp merchant

Aquaculture
BC business leaders call for reassessment of salmon farm phase-out

The Business Council of British Columbia is calling for reconsidering the phase-out timeline and suggests exploring alternative technologies rather than completely shifting to other farming systems

Clam
US flags 8 Chinese canned clam processors for elevated levels of ‘forever chemicals’

The US Food and Drug Administration has issued an import alert for eight canned clam processors from China due to PFAS contamination

Supply
Singapore’s Barramundi Group secures moratorium extension

The recent court-approved extension aims to provide Barramundi Group with the necessary time to negotiate with creditors and stabilize its financial position

Trade
CEO to depart Bangkok-based tuna broker as Thai canneries strengthen Middle East exports

By

Bangkok-based food commodity brokerage firm JMB International is set to part ways with its CEO, Arnab Sengupta, as he looks to other opportunities in the seafood trading world

Companies
Nordic Steel to supply equipment for Salmon Evolution’s phase two

Norway's Nordic Steel has secured a contract to provide specialized equipment for the second phase of Salmon Evolution's land-based salmon farming facility in Indre Haroy

Credit: Ong.thanaong/Shutterstock.com
Prices
Large Thai vannamei shrimp see price boost as smaller counts dip in week 7

By

Thai shrimp prices showed mixed movements in the latest week, with larger sizes continuing to gain ground while smaller grades declined

Prices
Week 8 brings minor price hike for Indonesian vannamei shrimp

By

In week 8 (Feb. 17-23), Indonesian vannamei shrimp prices have experienced a slight increase, marking a small but notable shift in the market after a drop two weeks before

Land-based
Singapore aquaculture CEO charged in $336,000 bribery case

The former CEO of a vertical fish farm in Singapore faces corruption charges for allegedly accepting a SGD 450,000 bribe from an engineering firm director in 2018

Analysis
Grieg doubles down on Norwegian growth in 2025 as it reins in Canadian investment

By

Grieg is also considering both a hybrid bond loan and a leaseback scheme on its smolt and post-smolt facilities as it looks to bolster its liquidity after a tough 2024

Atlantic salmon
German group secures $4.5m majority stake in Norwegian aquatech firm

Blue Future Holding, a seafood investment firm owned by German genetics giant EW Group, has acquired a majority stake in Norwegian land-based aquaculture technology provider Litus Akva

Prices
Norwegian fresh salmon sales see slight increase in average price as volumes rise

By

There was a modest increase in average prices for fresh salmon during week seven (Feb. 10-16), fueled by higher sales volumes to all key markets in the EU, US, and China

Vessels
Mozambique’s tuna fleet auction nears deadline amid lack of bids

Ematum's longliners in Mozambique have been at the center of a significant financial scandal since their acquisition in 2013

King crabs captured in Kirkenes, Norway. Credit: Adele Heidenreich/Shutterstock.com
Prices
Norwegian king crab auction prices level off in week 7 after recent drops

By

After a sustained drop in prices, the Norwegian king crab market has shown signs of recovery, with the latest auctions indicating both price stability and a rise in demand

Europe
Akva promotes ex-speechwriter for Norway’s prime minister to chief commercial officer

Norwegian aquaculture technology supplier AKVA Group has promoted Stale Okland, previously group director of communications and ESG to CCO

Surimi
Japan’s largest surimi producers see diverging profit trends despite sales growth

By

Japan's major publicly traded surimi product manufacturers, Kibun Foods and Ichimasa Kamaboko, posted contrasting profit results, with Kibun's operating profit down 2% y-o-y and Ichimasa's up 11%

Companies
Daily recap: Latest US wholesale prices; UAE group unveils Indian aquaculture project

Undercurrent News presents a recap of the top daily seafood stories from Wednesday, Feb. 19

Prices
Alaska pollock surimi prices for Japan expected to rise 15% in A season

By

'Under the current supply-demand conditions, where Alaskan producers prioritize fillet production, Japan is not in a position to demand price freezes or reductions,' -- a Japanese surimi importer

Companies
Ecuador to export duty-free canned tuna to China for the first time

By Feb 19, 2025 05:17pm

A new trade agreement allows Ecuadorian tuna to enter the Chinese market with zero tariffs, down from the previous 5% duty

Prices
US wholesale: Norway king crab prices surge again; groundfish markets rally; shell-on shrimp decline

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

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