Latest news
Report singles out US’ biggest seafood-source nations for trade barriers on eve of Trump tariffs
The US Trade Representative's 397-page report on foreign trade barriers was published just two days before president Donald Trump's so-called 'Liberation Day'
Possible US tariffs on Mexico cast shadow over Regal Springs’ expansion plans
Regal Springs is bullish on both recovering its tilapia production in 2025 and its traction in the US market, but Donald Trump's planned April 2 tariffs on Mexico are a possible headwind
US Senate bill would ease financing for seafood farmers through proposed tax break
The bill would exempt interest income from farm and rural mortgage loans in small towns, allowing community banks to lower loan rates for borrowers
Stronger salmon, jack mackerel sales boost Chilean firm Blumar’s Q4 revenue, profit
The aquaculture segment and an increase in frozen jack mackerel sales were key growth drivers for Blumar's Q4 margins
Ecuador’s symbolic tariff move may portend global trend
'Trump puts his eye on you because he wants to get something back from you' -- Jose Antonio Camposano, executive president of Ecuador's National Chamber of Aquaculture
US commercial fisherman convicted for lying to federal agents, making false statements
Don Rynn, a 61-year-old fisherman from the US state of Florida, faces a maximum penalty of five years in federal prison and a fine up to $250,000
Royal Greenland willing to endure tariff pain to realize US snow crab, cod ambitions
The state-owned fishing and processing group says its Canadian snow crab business is the division most exposed to tariffs as it looks to grow its direct trade with the US
Canadian lobster companies scored orders from new buyers in Boston
'Our meetings have gone very well. Everyone is looking for product, but at this point, we don't know what the prices will be. That will depend on the tariff situation' -- Francis Morrissey, Royal Star Seafoods
Southern Cross Seafood blocked from importing toothfish from some UK-flagged vessels into US
The ruling blocks some Chilean sea bass imports from entering the US, and also bolsters CCAMLR, the treaty governing the management of fishing quotas in parts of the Southern Ocean and Antarctica
Labor disputes, inflation could push red shrimp prices up as Argentina’s freezer fleet struggles
Argentina's red shrimp freezer fleet is facing significant disruption as it battles economic instability, with inflation and ongoing labor disputes threatening to derail the start of its key fishing season
Japanese experiential fast-casual dining chain expands into Hawaii
Pepper Lunch, a fast-casual do-it-yourself teppanyaki restaurant chain that launched in Tokyo in 1994, is coming to Hawaii
Republican senators will support vote to block Trump’s tariffs on Canada
The resolution, which is expected to be voted on Tuesday (April 1), would need the support of all 46 Democratic senators and four Republicans. It also needs a companion measure in the House
Low lobster catches keep dock prices high in Canada as concerns mount over tariffs
'There's definitely an uneasiness and nervousness, pretty well all over Atlantic Canada, as we're talking about not just lobster, but all of our seafood' -- Heather Mulock, Coldwater Lobster Association in Nova Scotia
Bluefin producers in Mexico, Spain brace for Trump tariffs
Americans are eating more fresh bluefin tuna than ever, but Trump's tariffs could impede the growing import market
Week 14 farm-gate shrimp roundup: Ecuador prices fall as processors seek market alternatives
Meanwhile, India registered a small drop while Vietnamese prices continued their downward trend in week 14, according to the latest global price round-up by Undercurrent News
Trump’s trade rep claims UK fills duty-free ATQs with Russian fish at expense of US
The UK's ATQs are being filled with Russian fish processed in China at the expense of the US, according to an annual report from the office of the USTR
Indian shrimp feed manufacturer Waterbase faces financial struggles
The stock of Indian aquafeed company The Waterbase has hit a new 52-week low, continuing its downward trajectory
South Korean start-up to launch land-based vannamei farming in Japan
AD Japan Co., a Tokyo-based affiliate of South Korean aquaculture start-up Aqua Development, is set to launch a $7.3m land-based shrimp farming operation in Mie Prefecture
Benchmark completes sales of genetics division to Danish investor
Benchmark Genetics is now formally part of Danish science investor Novo Holdings, as well as full owner of its salmon breeding facility in Salten, Norway
Ecuador drops tariffs on US shrimp amid fears of Trump retaliation
In a move aimed at averting potential trade retaliation from the US, Ecuador has announced a temporary reduction of import tariffs on shrimp products to 0%
Fraud case, low volumes limit 2024 profits for Norwegian exporter
Norwell sold just over 32,300t of salmon in 2024, though it noted that for periods of the year there was a shortage of fish available for primary exports
Sales fall at UK’s Kirwin in 2024, but profits hold despite ‘challenging environment’
Kirwin Brothers saw its gross profit margin improve even as total sales fell 12% from the previous year
New Zealand court says gov’t has stripped quotas from Maori, given to big firms
The ruling calls for government redress to Maori peoples and could reshape the country's fisheries management
Global tuna prices continue upward trend amid supply constraints
The increased demand for whole skipjack, combined with suboptimal catches, has contributed to the sharp price rise in Spain
Chilean salmon prices to Brazil, China tick up in week 12
Prices for Chilean salmon shipped to Brazil and China lifted week-on-week in week 12 of 2025
Daily recap: Grieg Seafood CEO to step down; NL crab processors seek to overturn price-setting delay
Undercurrent News presents a recap of the top daily seafood stories from Monday, March 31
Japan’s scallop export prices to US hit another record high amid soaring demand
'Aggressive buying of Hokkaido scallops by US buyers pushed prices up, but since early March, that momentum has slowed' -- a Tokyo-based seafood distributor
Crab processors ask court to quash Newfoundland fish minister’s order to delay price-setting
'The fisheries minister has acted contrary to that very statutory objective by attempting to unlawfully delay the 2025 crab season without legal authority' -- Association of Seafood Producers in statement to Supreme Court of Newfoundland and Labrador
Tariffs, economy threaten to dampen US Atlantic salmon import rebound
Chile (-15%) and Norway (-8%) saw their Atlantic salmon exports to the US drop last year when compared to 2023, while Canada (+10%) gained ground
Oyster farmers pan Alaska bill to add farmed seafood to ASMI portfolio
'I am not fishing for oysters; I am harvesting my crop, just as if I grew peas or potatoes ... which the state of Alaska is not currently promoting' -- Seawan Gehlbach, Simpson Bay Oyster Company