Latest news
Red Lobster sets goal of profitability by 2026
Red Lobster is aiming to lure in more customers with drink discounts, bacon-wrapped scallops and lobster bisque
US wholesale: Asia-origin shrimp see mixed price adjustments
US wholesale shrimp prices in week six were again mixed for imported, farm-raised white shrimp and black tiger shrimp, with changes mostly focused on Asian origin in this week.
New York RAS farm’s steelhead now in select Whole Foods stores
Hudson Valley Fisheries' whole steelhead trout are now available in some Whole Foods locations across New York and New Jersey
Bristol Seafood taps former Atlantic Sea Farms CEO Briana Warner as vice president of marketing, strategy
Briana Warner, former CEO of Maine seaweed company Atlantic Sea Farms, is joining Bristol Seafood as its vice president of marketing and strategy.
US seafood industry concerned by threat of staff reductions at NOAA
'We're concerned about cuts impacting the ability of the industry to access the resource. This does not seem like an outcome that the Trump administration would want. Nor industry' -- US seafood industry group executive
Catch the Current episode 3: Trump’s tariffs and what the seafood industry should be watching next
Catch the Current welcomes Undercurrent News' Tom Seaman, Jason Huffman, Gary Morrison, and Cliff White to talk Trump, tariffs ... and what could possibly come next for the seafood industry
US food culture is unique challenge for domestic shrimp
Harvesters and processors of domestically-caught and raised shrimp in the US can't follow the same script as Europe when it comes to marketing, suggests aquaculture consultant Philip Buike
BC’s $550.5m seafood trade with the US at risk if trade war proceeds
The BC Seafood Alliance says that finding alternative markets beyond the US will be difficult
Taiwan exports first hybrid grouper shipment to Japan after eight-year trade effort
Taiwan shipped its first batch of hybrid grouper to Japan after eight years of trade negotiations, marking a breakthrough for the economy's seafood exports
Canadian transportation company charged in relation to elver seizure
Last spring's season was canceled by Canadian fisheries minister Diane Lebouthillier following several years of chaos and violence in the highly lucrative fishery
Landings of blue whiting in Norway pick up, herring continue
Week five saw deliveries of blue whiting to Norwegian ports pick up after a slow start, while spring-spawning herring fishing continues
Norway mackerel export prices see sharp upturn, herring slide
Mackerel prices had been sliding, but January's export value was up 93% y-o-y; herring export volumes were down 10% for January, but value was up 3%
Rising EU demand pushes Norwegian fresh salmon prices, sales up in week 5
In week five, the Norwegian fresh salmon market experienced a rebound, driven by increased demand from the EU, with both sales and average prices seeing a rise
Minh Phu’s Q4 losses widen to $4m as shrimp farms strain profitability
Vietnamese shrimp firm Minh Phu Seafood reported a loss of over VND 100 billion for Q4 2024, nearly a VND 90bn increase compared to the same period last year
Nissui set to hit record $580m revenue, driven by weaker yen, strong European sales
The Japanese seafood giant has raised its full-year revenue forecast to a record $580m for the fiscal year ending March 2025, citing a weaker yen and strong performance in Europe
Portuguese body accuses Norway of anti-competitive use of Russian cod
The Cod Industries Association, AIB, has accused Norway of creating artificial inflation in EU cod prices through duty-free imports of Russian cod
Former Mowi salmon health expert joins Skretting
Gordon Ritchie has joined Skretting as global product manager for salmon health
Aquascot, Flatfish partner on ready-to-cook range for UK’s Waitrose
Scottish salmon and trout supplier Aquascot has partnered with Flatfish to support the launch of Waitrose's new 'Simply Bake & Serve' range
China shrimp market prices rebound as farmers cut stocking rates
A spokesperson for Tongwei Group, the nation's second-largest aquaculture feed producer, told Undercurrent that more favorable market conditions could persist until the Qingming Festival in April
Spain leads Falklands squid stock assessment after 2024 season suspension
Spain has sent a scientific expedition to assess squid stocks in the Falkland Islands, following the suspension of the region's second fishing season last year
Fishing body backs new EU commissioner’s pledge amid sector crisis
Europeche welcomes Commissioner Kadis' commitment to supporting the EU fishing sector, as representatives warn that the European fleet is at a crossroads
Norway male king crab prices decline, but stronger sales volumes offer relief
In week five, Norwegian ex-vessel prices for male king crabs continued their downward trend; however, the industry saw volumes surge, offering some relief despite the price declines
Spanish firm, Japanese tuna fleet partner to launch Canary Islands base for European incursion
The construction of a -60°C cold storage facility comes as part of an effort by Japan's fleet to push more top-end tuna into Europe, with prices in existing markets worryingly low
US tariffs on EU would hit $1.4bn in seafood imports
Salmon, octopus, fresh bass and bream and cod fillets -- four seafood categories the European seafood industry is fretting about as US president Donald Trump flirts with levying more tariffs
Among seafood’s 150 largest firms, salmon farmers edge out Japanese giants
Undercurrent News' newly released 'Seafood Titans 150: The Sector's Largest Firms, First Edition' reveals significant shifts in the industry
Koral to be included in Captain Fresh, Sekkingstad salmon JV, with ‘more to come’
Captain Fresh's Polish salmon smoking plant will be included in the formal JV between the Indian firm and the owner of Norway's Sekkingstad with "more to come,' said the JV's CEO
Daily recap: Russian H&G, pollock fillet prices out of kilter; Chile salmon upbeat about year ahead
Undercurrent News presents a recap of the top daily seafood stories from Thursday, Feb. 6
Late surge of US shrimp imports in 2024 not enough to make up for earlier deficit
'The industry entered the year in an oversupply situation, further pressured by uncertainty regarding antidumping and countervailing duties' -- Gary Morrison, head of growth and strategy for UCN's price reporting agency
Fishing groups laud Trump’s choice for NOAA administrator, Neil Jacobs
US fishing groups are praising US president Donald Trump's choice to lead the National Oceanic and Atmospheric Administration
US shrimp sector leverages Trump’s ‘America First’ agenda to hurt import rivals
Southern Shrimp Alliance requests an end to taxpayer funding backing shrimp aquaculture outside the US