Feb 10, 2025 04:54pm

Undercurrent News' week 7 'market pulse' updates on US wholesale markets for various key commodities are available on our new platform 

By Amanda Buckle

Seafood may have been the butt of the joke in two Super Bowl commercials, but one oyster harvester was able to benefit from the huge TV spotlight

By Cliff White

Naomi Matthews, who most recently served in a director position at Costa Coffee, is returning to a senior role in the seafood industry

By Liza Mayer

Washington state's aquaculture industry is seeking clarity on why certain types of net pens are being held to different standards than commercial aquaculture operations

Three men charged with extortion and and intimidation in Nova Scotia lobster fishery remain in jail as court case proceeds

By María Feijóo

In November 2024, Peru's seafood landings reached a total of 1.13 million metric tons, marking a significant growth of 33.2% compared to the same month in 2023

Initial reports indicate that bad weather may have contributed to the sinking of the Fortune Pride, and its heavy load of fish, estimated at 18,000 to 23,000 kg, might have affected its stability

Captain D's latest expansion comes weeks after the US fast casual seafood concept announced that it will be entering the UK with a 20-unit deal

By Masahiko Takeuchi

The Japanese owner of US firm Seattle Shrimp & Seafood reported consolidated net sales for food of $711 million for April-December 2024, while the subsidiary's profit swung to a $200m gain from an earlier loss

By Jacob Resneck

'I really wish these out-of-state groups would realize Alaskans also want strong chinook runs' -- Amy Daugherty, Alaska Trollers Association

By Neil Ramsden

EMEA editor Neil Ramsden brings you a roundup of the main stories from the previous week  

By Jason Huffman

'With snow crab, there is virtually nothing left. We're scraping the bottom of the barrel when it comes to 30-lb boxes of 5-8s' -- US wholesaler

By Ben Fisher

Pacific cod FOB prices are up 30% since August 2024 as buyers scramble for limited supply

By Masahiko Takeuchi

The Japanese seafood giant plans to sell more than two-thirds of its JPY 36.1bn ($242m) in cross-shareholdings by March 2026 to fund global expansion 

'I think it’s time for Alaska to get into the squid market because of the lack of economies and the high demand for squid' -- Richard Yamada, proponent of new jig fishery

Undercurrent News' new US wholesale seafood pricing platform is now behind a paywall, so get in touch to add to your subscription today

By Neil Ramsden

Susanne Arfelt Rajamand has served as CEO since Feb. 1, 2023, and recently oversaw a substantial reorganization and job reduction program across the group

By Sergei Blagov

More Far Eastern investment scheme quotas are due to be sold later in February, while yet another effort to sell discounted Northern crab quotas is due to be held Feb. 18

European Council president Antonio Costa said the EU will not allow fishing rights negotiations to impede a potential security agreement with the UK

By María Feijóo

Cod prices at Scotland's Peterhead and Shetland auctions have been steadily climbing, with recent figures reaching new highs

Thailand and China have signed a new agreement to streamline seafood trade, paving the way for large-scale exports of Thai farmed fish products

By Dan Gibson

A modest drop in weekly volumes has prompted prices on Iceland's auctions to rise sharply to an uncharacteristic high for the end of January

Mowi's Storvika V facility, where the salmon escaped from, has a capacity of 4,315 metric tons and consists of five operational cages

By Masahiko Takeuchi

Japan is set to sharply cut its Pacific mackerel quotas amid declining stocks, while Norwegian mackerel prices surge to record highs due to tightening global supplies

Norway's Salmon Evolution announced a new strategic partnership with value-added producer Lofotprodukt, set to introduce smoked salmon to Norwegian retail

The Indian government has canceled a shrimp processing project in Andhra Pradesh's Nellore district due to Falcon Marine Exports' alleged non-compliance with approval terms

This move is expected to lower the carbon footprint of Leroy's feed by up to 16%, contributing to its goal of a 46% reduction in climate emissions by 2030

By María Feijóo

As 2025 unfolds, Spain's fishing industry faces a tumultuous period, marked by new regulations, ongoing protests and challenging negotiations both within the country and on the international stage

By Matilde Mereghetti

The new facility's production capacity will be 14 million 150-gram smolts, enabling Cermaq Chile to fulfill 70% of its smolt requirements in Los Lagos and Aysen

By Lewis Hu

Chinese salmon prices showed modest gains in week seven as dealers scaled back purchases after the country's Spring Festival holiday