Trade news

NSC data shows eye-watering price paid by EU for frozen cod as UK, China share grows

EU countries paid NOK 96/kg on average for frozen cod exports in week 50 as the bloc's share of the market shrinks with each passing week

Christmas demand boosts Chilean salmon prices to all key markets

Japanese media reports China may lift seafood ban by early 2025

Weak domestic demand pushed Brazilian farmed tilapia prices lower

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Aussie live lobster exports to China officially resume before end of year

Russian crab giant continues fleet renewal amid Asia pivot

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Turkish seafood exports gain US foothold through trade program

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Nasdaq delists Blue Star after stock price falls below minimum threshold

The US crab importer and operator of a land-based salmon farm said it will not appeal the decision and trade instead on the over-the-counter market

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aquaculture

Spanish RAS farmer expands sole business amid huge EU supply deficit

Vietnam’s shrimp exports slow as main markets cut purchases

Norway ministry proposes caveat for traffic light system

prices

US Pacific cod prices buoyed by strong demand as biologists project 2025 fishery limits

Norway herring export prices take step down, mackerel remain stable

US scallop landings continue in small numbers, sizes before holidays

companies

Maersk shipping giant confirms Alaska exit in February 2025

Nissui financial muscle allows UK’s Three Oceans to up stock levels amid whitefish uncertainty

Weaker seafood prices weigh on Italian MARR’s Q3 revenue, margins

people

United Catcher Boats names Keikkala to succeed founder Paine in top leadership role

Ecuador tuna firm Eurofish strengthens ties in Italy, Spain

Chilean salmon output drops in 2024, price surge expected to continue in 2025

m&a

Former American Seafoods CEO Gustafsson lines up consortium bid for company

Turnover at UK’s Andrew Marr drops below £1bn, but profits stay strong

Kyokuyo targets 300% growth in US surimi stick production amid global expansion

retail

US packaged seafood category sees growth in September amid hurricanes, port strikes

free read Dongwon launches new ‘tuna beef’ sashimi

US seafood poised for strong holiday demand at retail after November growth

processing

Chinese squid processors face losses amid volatile prices

Ammonia leak at Pacific Seafood facility prompts hazmat response, closures

Chinese tilapia raw material, US wholesale prices stable in December ahead of expected tight H1 2025 supply

fishing

Lackluster Pacific whiting season winds down off US west coast

Morocco’s octopus season soon kicks off with Mauritania prices high

Fishing quota talks for Kuril Islands stalled again amid Japan-Russia tensions