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Companies
Eastern Fish’s Bloom sees value in retail, sushi for Storm Seafood’s salmon

By Dec 27, 2024 01:19pm

The Teaneck, New Jersey-based company confirmed recently that it was taking over sales and marketing in the US for Storm Seafood's Norwegian-origin Atlantic salmon

Latin America
Peru’s fleet to compete with Asian fleet on high seas amid giant squid shortage in EEZ

150 Peruvian artisanal squid-fishing boats have been formally registered with the South Pacific Regional Fisheries Management Organization, granting them legal access to fish in international waters beyond 200 nautical miles

Prices
China, UK bought lion’s share of Norway’s frozen cod in week before Christmas

By

The latest data from the NSC shows that China has accounted for nearly a third of all frozen cod exports from Norway this year, with the UK also growing its share to 25%

Credit: Marius Dobilas/Shutterstock.com
Prices
Sitagri index: Norway salmon spot prices inch up for larger sizes in week 51

Spot prices for Norwegian farmed salmon inched up in week 51 of 2024, according to the Sitagri Salmon Index

Prices
Large Indonesia shrimp prices dip, smaller sizes hold steady in week 52

By

Indonesian vannamei shrimp prices showed a mixed performance as week 52 began, with larger shrimp sizes experiencing a dip while smaller sizes remained largely stable

Norway salmon: Price lift for small sizes
Prices
Drop in Norway fresh salmon sales as Western markets are well-stocked for Christmas

By

Sales of fresh salmon from Norway have taken a hit as Western markets enter the holiday season with ample stockpiles

Land-based
Proximar’s land-based salmon facility in Japan suffers second filter breach

The incident, which occurred on Dec. 24, affects approximately 620t of biomass in the facility's B module; no fish mortality has been reported

Crab
Russian exports to China have disappointed in 2024

By

Russian seafood exporters to China have reported soft numbers despite expectations of an increase in 2024 in both volume and value terms

Prices
EU whitefish sector ‘not in crisis’ but cod shortage poses serious challenge for 2025

By

While there may be an opportunity for farmed products to fill the gap, rising cod prices are likely to hit EU consumption hard next year, according to processing body AIPCE-CEP

Tuna
Parts of missing fishing vessel found near Manta, Ecuador

Ecuador's Navy has located debris from the Patricia Lynn, a fishing vessel that vanished with 21 crew members on Dec. 22

Tuna
Madagascar port expansion threatens coral reefs, NGO steps in with rescue effort

Madagascar's largest port expansion project will destroy 25 hectares of coral reefs containing 15 different species, environmental assessments show

Trade
Vietnam’s seafood exports hit $10bn

Vietnam’s seafood exports achieved a record $10 billion in 2024, a 13% increase from the previous year

Companies
Daily recap: Captain Fresh closes Koral deal; Indian shrimp prices rebound

Undercurrent News presents a recap of the top daily seafood stories from Tuesday, Dec. 24

Prices
US wholesale: SE Asia crab meat market firming quickly

By Dec 24, 2024 03:28pm

US wholesale trade is firming amid lower import expectations

Offshore
Modern challenges prompt revision of NOAA’s aquaculture plan after 40 years

By

The US' revised National Aquaculture Development Plan lays a roadmap for fully integrating aquaculture into the nation's seafood supply chains

Latin America
Argentina enforces precautionary measures for hake, crab; Limits shrimp bycatch in new fishing plan

By

In its final session of the year, Argentina's federal fisheries council has approved a set of precautionary measures aimed at ensuring the long-term sustainability of the country's fisheries

Prices
Week 52 US wholesale seafood price assessments live

UCN's week 52 price assessments for US wholesale prices for various key commodities are available on our new platform

Prices
Japan’s Hokkaido chum season ends with record-low catch at 46,000t

By

The 2024 Japanese fall chum salmon fishing season has concluded in major districts in Hokkaido, with a record-low catch of 46,000t, marking one of the most challenging years

Food Safety
USDA recalls Vietnam catfish products not eligible for export to the US

Approximately 1,635 pounds of catfish products imported from Vietnam and shipped to retail stores in the US states of Arizona, California and Iowa are a part of the recall

Traceability
Nova Scotia opposes DFO’s proposal on eel quota for Atlantic Canada

The Nova Scotia government said adding up to 150 new participants in the eel fishery would make it harder to monitor illegal activities

Prices
Louisiana crawfish farmers report high prices, early sales as season starts

The live shellfish, also known by their local nickname, mudbugs, are selling for as much as $8.99 per pound

Seared sea scallops with orzo and vegetables. Credit: Northern Wind
North America
Jeff Bolton named president of $500m PE-backed shellfish platform after Atlantic Capes deal closes

By

US PE Acon has named industry veteran Jeff Bolton president of its shellfish platform, having closed the long-awaited deal for the processing and sales divisions of Atlantic Capes

Japan
High mortality rates to hit Japan’s Mutsu Bay scallop production recovery

By

Mutsu Bay, Japan's second-largest scallop-producing region, is grappling with high mortality rates among juvenile scallops, jeopardizing hopes for a production recovery next season

Policy
DFO confirms 37 people charged with elver poaching in 2024

Officers arrested 169 people this year and seized 396.3 kilograms of elvers, Canada's Department of Fisheries and Oceans reported

Policy
Southern Oregon dungy crab fishery to remain shut for now

By

The Pacific Coast crab fleet remains months behind schedule, with managers pushing back most of the commercial harvest into 2025

Supply
Mowi reports salmon escape at northern Norway site, full scale unclear

Mowi has reported a fish escape incident at its Kviteberg site in Troms county, which occurred over the weekend of Dec. 21-22.

plaice fish
Prices
European plaice prices continue decline, common sole follows suit at Pefa auctions

By

European plaice prices have continued to decline in recent weeks at Pefa auctions, a trend now affecting common sole, which is following suit

Prices
Week 52 farm-gate shrimp roundup: Indian prices rebound, though supply concerns persist

By

Indian shrimp prices have rebounded at the start of week 52, while other major producing regions showed a range of movements in the final week of the year

Whitefish
In pictures: Christmas rush at London’s Billingsgate fish market amid uncertain future

By

 Billingsgate Market, the UK's largest wholesale market for seafood, was a hub of activity on Monday as buyers flocked to secure fresh and frozen seafood ahead of Christmas

Prices
EU police forces break contaminated shellfish smuggling ring

Roughly 30t of mollusks and 6t of glass eels illegally fished in polluted waters have been seized by law enforcement authorities in Portugal, France, and Spain

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