Latest news
Norway H&G cod prices edge down from record high, haddock still rising
Prices for Norwegian H&G Atlantic cod edged down slightly in week 20 from the record high of week 19, but haddock is still on the increase
UK bakery chain Greggs trials cod fish finger sandwiches, wraps
UK bakery chain Greggs has launched new fish finger sandwiches and wraps; the trial run of these new offerings will kick off in selected shops in the northeast of the country on May 23
Thai vannamei shrimp prices edge down
Ex-farm prices for head-on, shell-on vannamei shrimp in Thailand fell by between THB 2.50 and THB 5.00 per kilogram across all sizes during week 20
China’s Haid harvests 500t of shrimp from land-based RAS
China's largest aquafeed producer, Haid Group, has harvested the first batch of shrimp from its new land-based farming facility in Shandong province
$57m insect protein plant opens in Poland
Alternative protein producer HiProMine has completed work and begun sales of its insect-derived products from the 25,000t-capacity plant in Karkoszow
More important Russian crab assets brought under state control
Until late 2023, Merlion and Fish Island were important trading crab assets, the former hitting sales of $9m and the latter $4.9m
Shanghai fishmeal prices stable despite strong Peruvian anchovy landings
It suggests Peru's surging anchovy landings have already been accounted for in the market
Prices for large European plaice continue up, as common sole drop on Pefa auctions
Prices for gutted, iced European plaice -- the most significant volume going through the Pefa system -- rose for 35-41cm and 41-80cm fish, as did prices for large, gutted, iced common sole
Daily recap: Live from Infofish; Bankrupt Red Lobster owes PFG $24.4m
Undercurrent News presents a recap of the top daily seafood stories from Monday, May 20
Workers at big Newfoundland crab plant vote to strike if deal not reached in one week
The Fish Food and Allied Workers said it gave notice to Beothic Fish Processors Monday that its plant's employees will go on strike at noon on May 27 if a deal is not reached before then
Skills: Chile salmon price to Brazil continues to slide, US dips again
Prices for Chilean salmon shipped to the US fell again in week 19 after a tick up, while those to China took an upturn and Brazil's continued to slide
Race heats up for presidency of Newfoundland crab harvester union
Current president Greg Pretty has not yet officially declared his intentions, but sources tell Undercurrent News that he will not be running for re-election
Bankrupt Red Lobster owes PFG $24.4m, advertising firm $13.4m
The Orlando, Florida-based company, filed Monday for Chapter 11 protection in the US Bankruptcy Court for the Middle District of Florida, listing assets of $1 billion to $10bn and estimated liabilities of $1bn to $10bn
Canada’s Export Packers buys across-street assets of bankrupt Toppits Foods
The deal was signed off on May 10, just four days before Toppits Foods filed for bankruptcy with reports it owes about CAD 20 million ($14.68m) to suppliers
Recap over 40 UCN exclusive stories from Barcelona show
Undercurrent News' global reporting team produced 42 standalone stories and a live blog from the 2024 Seafood Expo Global, held April 23-25 in Barcelona, Spain
Canada seizes major shipment of illegal elvers worth CAD 500k
An illegal shipment of baby eels, worth about CAD 500,000, was seized at the Toronto International Airport on May 15
US Dungy crab landings come back to Earth but prices rising
US Dungeness crab landings in 2024 may be a disappointment compared to the epic volumes seen in 2023 but dock prices are improving
Bristol Bay fishing, Tribal, economic groups push back against Pebble Mine
Half a dozen organizations have sided with the US government in the latest legal back-and-forth over the controversial mining development in Alaska's Bristol Bay region
Hokkaido scallop landings decreased 3% in recently-finished FY 2023
China's ban on Japanese seafood since last August drove raw shell prices down by 20%
Week 20 shrimp prices stable in Ecuador, India but rise in China, Indonesia
Farm-gate prices for vannamei shrimp remained flat in two key production regions of Ecuador and India in week 20, but China and Indonesian levels were up
Sea Harvest trawler sinks off South African coast, 11 crew lost
The search for 11 of the 20 crewmembers was called off on May 19 after the vessel sank around 35 nautical miles offshore from Hout Bay on Friday afternoon
Hilton’s sales up in 2024 with inflation slowing
'Trading has been in line with the board's expectations, with volumes and sales ahead of the same period last year despite sales growth in some of the markets we operate being impacted by lower raw material prices'
Icelandic coastal cod season brings prices down as haddock rebounds
With Iceland's coastal fleet bringing in huge ungutted cod supplies, prices have fallen sharply since the season began on May 2, while haddock volumes have dropped
French tuna group rejects NGO criticism, calls it ‘Trojan horse of IPNLF’
French association Orthongel has issued a sharp rebuttal against two reports released by NGO Bloom, alleging UK businessman John Burton is defending his commercial interests through advocacy efforts
Thai Union rebuffs Shark Guardian claims of greenwashing, labor abuses
A report by Shark Guardian accuses Thai Union of alleged greenwashing and labor rights violations within its supply chain; the seafood giant cited various initiatives and progress it made in 2023
IOTC members reject tuna fishing closure proposals at annual meeting
Mixed views arise from IOTC meeting ended last week
Peru fishermen call for tougher action as Chinese vessel gets ‘token fine’ for IUU fishing
Peru's ministry of production, Produce, has come under heavy criticism for imposing a mere PEN 250 fine on Chinese vessel Tian Xiang, caught illegally fishing within its EEZ
Potential EU-Thailand FTA worries European tuna industry
A potential free trade agreement between Thailand and the EU has raised concerns in the European tuna industry as the next round of trade negotiation approaches. But the tuna industry hopes to find a 'win-win' solution
New coalition wants Indonesian fishermen’s rights safeguarded in Taiwan
Seven labor unions spanning Indonesia and Taiwan have joined with 12 civil society organizations to form the Coalition for the Protection of Indonesian Migrant Fishers in Taiwanese Fishing Vessels
Editor’s choice: Silver Bay lists 2024 Alaska salmon base prices; NL crab plant workers move closer to strike
Managing and editorial director Tom Seaman brings you a roundup of the main stories from the previous week