Undercurrent News

Home
United Kingdom
London
Undercurrent News

undercurrentnews.com gives executives in the seafood sector insight they can't get elsewhere
(6)

15/11/2024

Alaska po***ck ABCs down in US Gulf of Alaska, up for Bering Sea

Early indications are that US Alaska po***ck stocks are holding steady in the Eastern Bering Sea with a projected decrease in the Gulf of Alaska.

That's according to the acceptable biological catch (ABC) figures under review by National Oceanic and Atmospheric Administration (NOAA) scientists on the groundfish planning team that are meeting this week in Seattle, Washington. The scientific consensus over ABCs is the first step in the process used to set the total allowable catch (TAC) for the fishery.

The consensus reached by NOAA scientists over acceptable biological catch is the first step in the process used to set the total allowable catch

15/11/2024

Drop in Norway fresh salmon sales to EU, UK, US offset rise in exports to Asia

In week 45, Norwegian fresh salmon exports to key Western markets — specifically the EU, the UK and the US — declined, while shipments to main Asian markets surged

15/11/2024

Norwegian ex-vessel king crab prices see slight weekly rise

In week 45, the Norwegian king crab market witnessed a new modest increase

15/11/2024

Japan’s Kibun to strengthen domestic ops with subsidiary merger

The world’s largest surimi-based product manufacturer will merge two subsidiaries into its core operations in 2025 to strengthen its domestic business in Japan

15/11/2024

UCN proposes the launch of new US wholesale price reporting for scallop markets

Undercurrent News is proposing the implementation of weekly US wholesale price reporting for the scallop market

15/11/2024

Norway mackerel, herring export prices tick up, herring fillet volumes spike

Whole herring export prices ticked up as weekly volumes remained high, while mackerel prices also lifted again; herring fillet prices eased 3% but remain high

14/11/2024

Speculation swirls as major Atlantic Canadian processor goes up for sale

Tongues are wagging in the Atlantic Canada seafood industry after a financial advisory firm issued a blind teaser outlining the assets for sale for a major seafood processing operation.

In the opportunity dubbed "Project Fox," Deloitte Corporate Finance, the Toronto, Ontario-based arm of the global accountancy and corporate finance business, describes the company up for sale as one of the largest processors in the Atlantic Canada region, holding limited and scarce government-issued seafood processing licenses for multiple species.

Undercurrent News has triangulated the identity of the up-for-grabs company down to three, all of whom say they are not for sale

14/11/2024

Snow crab wholesale prices rise weekly as US imports slow to trickle

Wholesale prices for snow crab (Chionoecetes opilio) are continuing to climb weekly in the US as supply remains nearly impossible to find, and any meaningful new volume of imports remains at least five to six months away, sources tell Undercurrent News.

Urner Barry (UB) on Tuesday (Nov. 12) again moved up its average range for frozen 5-8 ounce clusters from the Canadian province of Newfoundland and Labrador (NL) to $8.25-$8.50 per pound, a full $0.25 higher than the $8.00-$8.25/lb range it published just five days earlier.

‘We’re back to pre-pandemic prices. This isn’t something that’s just out of the ordinary’ — Roman Tkachenko, Direct Source Seafood

14/11/2024

Leroy’s ‘best estimate’ is Norwegian trawlers will take 32% cod quota hit in 2025

‘The government’s adopted quota report and reintroduction of the trawl ladder mean that the trawler fleet’s quota will be reduced over and above the general quota,’ said Leroy Seafood

14/11/2024

Leroy targets over 200,000t output for 2025 with over $30m investment in salmon-lice combating cages

Norway’s Leroy Seafood is targeting salmon and trout production of over 200,000t in 2025, with a plan to invest NOK 350m, $34m in submerged cages to protect its fish from sea lice

14/11/2024

Russian gov’t will try again with discounted crab quota auctions

Bidders once again abstained from buying at Nov. 13’s investment quota scheme auction for crab fishing rights in the Northern Basin

14/11/2024

Italy’s Newlat Food completes Princes’ integration ahead of schedule

Italian good group Newlat Food said it has successfully integrated Princes Group within its business, solidifying its position in the food market with a restructured global operation

14/11/2024

Austral Group Q3 sales recover on improved Peruvian anchovy fishing

Norwegian fishing group Austevoll Seafood reported a sharp rise in third-quarter earnings, driven by a strong recovery in Peruvian fishmeal operations and record catches at its Chilean subsidiary

14/11/2024

Norcod reports strong sales, improved harvests in Q3, but faces heatwave losses

Norcod reported significant growth in its third-quarter financials for 2024, despite facing operational setbacks from a marine heat wave and higher-than-usual temperatures

13/11/2024

US scallop landings continue to under-impress, keep prices high

It was another less-than-spectacular couple of days for landings of Atlantic scallops (Placopecten magellanicus) at the New Bedford, Massachusetts, seafood auction during week 45 of 2024 (Nov. 4-10).

Harvesters brought in just 52,612 pounds, getting a combined nearly $1.2 million for their troubles, or an average of $22.34/lb.

It was another less-than-spectacular couple of days for landings of Atlantic scallops at the New Bedford, Massachusetts, seafood auction during week 45 of 2024 (Nov. 4-10)

12/11/2024

Alaska wild salmon fisheries re-certified ‘sustainable’ by MSC

All five species of wild-caught Alaska salmon have been re-certified as sustainable by the Marine Stewardship Council (MSC) – the fishery's fifth certification in 25 years, the London-based accreditation body announced Monday (Nov. 11).

That allows the wild fish products to carry a globally recognizable blue label that's considered a gold standard for consumers concerned about buying sustainably harvested seafood.

In 2000, wild-caught Alaska salmon became the first in US fishery — and the third on the planet — to achieve MSC certification by the global seafood sustainability monitor

Address

E1 Studios, Unit 107, 7 Whitechapel Road
London
E11

Telephone

+442076525390

Website

http://www.undercurrentnews.com/

Alerts

Be the first to know and let us send you an email when Undercurrent News posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.