Upstream news

Sitagri index: Norway salmon spot prices edge up as December nears

Spot prices for Norwegian farmed salmon rose in week 46 of 2024, according to the Sitagri Salmon Index

ICCAT lifts Atlantic bigeye tuna quota to 73,000t

ICCAT's Special Meeting in Cyprus concluded with an agreement to increase the Atlantic bigeye tuna catch limit to 73,000t for 2025, an 18% increase from the current level

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Pelagic fishing vessel Polar Amaroq GR 18-49 in Icelandic waters. Credit: Johann Ragnarsson / Shutterstock.com

Iceland taps industry vessels for capelin survey

Bakkafrost given green light for 3,100t new salmon site in Scotland

Taiwan’s largest tuna group launches FIP, targets MSC

Prices for European plaice, common sole stay mostly flat at Pefa auctions

plaice fish

free read Japan’s Yamada Suisan to launch antibiotic-free eel exports to Europe

Indonesian vannamei shrimp prices hold firm with little to no movement

Russian courts turn away more appeals in crab asset seizure cases

free read Singapore unveils plan to revive fish farming sector

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Australia intercepts 14 foreign fishing boats, prosecutes Indonesian crew

Arctic Securities conference: $1.8bn of earnings growth possible for salmon in years ahead

Trump’s pick to head Commerce, NOAA expected to lead tariff agenda, too

free read UCN makes key hires on path to build global seafood PRA

Seafood group says Canadian port strike is big deal, applauds minister’s action

Peru anchovy landings aimed at fishmeal production rise, but overall catches drop

Silver Bay in takeover talks for OBI’s Alaska plants

Returning Mitsui exec aims for $65m export boost

Nissui expands domestic aquaculture operation to boost exports

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Avanti Feeds Q2 profit jumps 47% on EU sales lift

Brazilian tuna processor sets sights on US expansion, UK resurgence

China whitefish buyers worry with H&G cod, haddock prices stable at record levels

Scottish salmon farming moratorium debate heats up as MPs weigh future

New 12-tank grow-out facility to open in Q1 at Iceland’s Kaldvik

Demand strong for Vietnamese pangasius as exports return to two-year high

Zhenhai Qu, chairman of Dalian Haiqing Food

Surging Atlantic cod prices prompt China to seek alternatives

Nordic Halibut sees modest revenue growth but expansion costs incur losses

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Aussie aquaculture sector set for growth with introduction of new whitefish species

A new variety of whitefish could soon be making its way to Australian households, with the potential to generate over AUD 1bn for the nation's economy

Alaskan pollock surimi output falls 13% to 174,000t amid weak demand

The 2024 Alaskan pollock fishery season officially concluded on Nov.1, with total surimi production in the state reaching 174,078t, marking a 12.6% y-o-y decline

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aquaculture

Spanish RAS farmer expands sole business amid huge EU supply deficit

AquaBounty lays off staff as company denies rumors of shutting down

Florida’s key clam-producing area struggles after destructive hurricanes

prices

Norwegian saithe prices go through roof as processors turn to alternate species

Hokkaido salted herring roe drives prices down in Osaka’s year-end auction

Canada’s frozen herring roe output sees sharp falls to estimated 600t

companies

Sea Harvest eyes more overseas M&A, set for ‘different league’ after Terrasan deal

India’s Apex Frozen Foods sees shrimp market recovery despite Q2 loss

American Seafoods promotes Andreassen to CEO after Gustafsson’s exit

people

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

Peltola defeat, Golden win among 11 US election results that matter to seafood

Washington crabbers sue over state-mandated GPS surveillance

m&a

EU importer looks for investor to ‘accelerate growth’

Masoval sets up own sales division, will acquire part of controversial subsidiary

SalMar cuts 2024 harvest guidance on biological issues, expects 14% lift in 2025

retail

New England’s Aherne sees ‘very tough few months’ ahead on cod, haddock

Skills: Chile salmon prices to US reach highest since July, China’s tick up

Week 47 farm-gate shrimp roundup: Ecuador, India prices edge up while China diverges

processing

Ecuador shrimp farmer Limbomar starts production at new $40m plant

Pacific Seafood confirms all processing ‘paused for now’ at California plant

Sweeping changes announced for world’s largest snow crab fishery

fishing

Reduced harvest set for Kodiak area Tanner crab

EPA seeks public comment on toxic tire chemical and its impact on salmon

Canadian elver fishers lose another court challenge