Latest news
Indian shrimp giant acquires North American lobster supplier from industry veteran
A company controlled by the largest Indian shrimp supplier to the US has snapped up a North American lobster distributor and exporter aiming for over $100m in revenue for 2025
Canadian aquaculture industry wants policy reversals as output drops 30% from peak
With Canada's federal election in October and US president Donald Trump's 25% tariff threat, a Canadian aquaculture group is urging policy changes
Red tape is costing US aquaculture nearly $900m in lost opportunities, NOAA-funded study suggests
A new study provides the first comprehensive update in three decades, offering a clearer picture of the industry's current economic role and the constraints holding it back
Declining fishmeal, frozen exports hit Peru’s seafood sales, but canned tuna booms
Peru’s seafood export industry faced a challenging month in October 2024, with overall exports dropping by 5.5% compared to the same period in 2023
Sysco sees strong Q2 results, seems focused on oysters in H2 2025
The US-based foodservice distribution giant reported a 4.5% sales increase in its financial results for the second quarter of fiscal year 2025
Brazil’s farmed tilapia market sees price decline as exports hit historic peak
Brazil's tilapia market has entered 2025 with a continued downward trend in prices, which started in March 2024 and persisted throughout the year
US wholesale: Surprise sentiment on North American tails despite limited inventory
The supply side challenges on cold water tails and meat remain, but sentiment is shifting in negotiations on the former
US shellfish dealers need to be ‘boxers and ballerinas,’ GSMC panel advises
The shellfish industry, in 2025, is going to have to be more like the title character in the movie 'Billy Elliot' -- Annie Tselikis, Slade Gorton & Company
Canadian, Norwegian joint aquaculture venture ramps up wolffish, halibut plans
'We've taken three companies -- one in Newfoundland, one in Prince Edward Island and one in Quebec -- and merged them into what we now call Amar Seafood Group' - executive chairman Paul Antle
Global salmon supply down in 2024 due to underperforming Alaska fisheries, GSMC attendees hear
Wild salmon is a shrinking share of global supply as farmed fish has long outstripped supply
Crew safe after Canadian groundfish vessel sinks
Three crew members are safe after their fishing boat sank off the coast of the Canadian province of Nova Scotia last weekend
US wholesale: Positive market sentiments as Alaska pollock enters A season
Against this backdrop, global whitefish supplies are expected to decline in 2025, a trend that places Alaska pollock in an even more favorable position
US tinned seafood company rebrands in direct-to-consumer shift
US tinned seafood company BELA, based in Cambridge, Massachusetts, is rebranding after 28 years to focus on direct-to-consumer sales
US senators push for country-of-origin testing for red snapper, tuna
'Our bill will help fight against pirate fishermen who try to pass off cheap foreign tuna for high-quality ahi from local Hawaii fishermen' -- US senator Brian Schatz
US wholesale seafood price platform open to non-subscribers for extra week
Undercurrent News' new US wholesale pricing platform is now totally open for all users, even those without subscriptions or even free accounts, until Feb. 10
US Coast Guard detains three from Mexico for alleged illegal fishing near Texas
Three Mexican fishermen were caught with 200 pounds of illegally-harvested red snapper in federal waters off southern Texas
French insect protein startup on verge of insolvency
French startup Ynsect, known for producing insect-based proteins and fertilizers, is facing significant financial challenges
Norway’s fresh salmon prices dip after strong start to 2025, export levels remain steady
After a strong start to the year, fresh salmon prices in Norway have experienced a notable dip as of week four
Spanish bluefin rancher Ricardo Fuentes aims to exploit strong Atlantic stocks
Grupo Ricardo Fuentes, a Spanish firm specializing in bluefin tuna fishing, has added a new freezing vessel, Madre Antonia, to its fleet
Maruha Nichiro to raise surimi product prices by up to 14%
The Japanese seafood giant will raise prices on 60 home-use surimi products, including fish sausages and chikuwa, by 4-14% starting with shipments on April 1
Good December caps strong year for Stolt Sea Farm
'Expansion at Stolt Sea Farm's sole hatchery in Cervo, Portugal, is ongoing and volumes from our new farms have surpassed our expectations' -- Stolt-Nielsen CEO Udo Lange
Salmon Scotland applauds UK gov’t decision to build third runway at London Heathrow
The Scottish salmon industry exported 115,000t from Heathrow airport in the five years up to 2023, making it the airport's single biggest export by volume
Russia’s largest salmon farmer ups sales 11% despite drop in volumes
Inarctica reported full-year sales of $321m, despite sales volumes declining year-on-year to 27,500t
Week 3 Japan tuna roundup: Fresh bluefin, Taiwan-caught frozen bigeye prices up
Wholesale prices for fresh bluefin tuna at Tokyo's Toyosu Market surged 32% w-o-w, while ex-vessel auction prices for frozen bigeye caught by Taiwan's fleet edged up
Walton-backed platform invests in Norwegian seafood fund Bluefront
Norwegian seafood investment firm Bluefront Equity has secured backing from Builders Vision, the US-based impact platform founded by Lukas Walton, grandson of Walmart founder Sam Walton
Daily recap: Captain Fresh eyes spot in seafood’s top 10; Norway’s Kvaroy restructures after 2024 losses
Undercurrent News presents a recap of the top daily seafood stories from Wednesday, Jan. 29
Mowi seals $655m deal to take control of fellow salmon farmer
Mowi has entered into an agreement to acquire Vigner Olaisen's controlling 46% stake in Nova Sea, taking its overall stake in the firm to 95%
Japanese rail firm expands into land-based trout farming
JR Shikoku is set to launch a land-based trout aquaculture facility in Saijo City, Ehime, aiming for an annual production of up to 13t by fiscal year 2026
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