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26/07/2024

Abundant catches, weaker Chinese demand put pressure on Argentinian shrimp prices

Shrimp catches were abundant throughout June, totaling 37,386 metric tons, and continued to be strong in July, with 18,670t recorded in the first two weeks

26/07/2024

Norway salmon prices dip, Chilean, Scottish flat in slow summer market

Spot prices for farmed Norwegian salmon are set to dip again in week 31 (commencing July 29), while both Scottish and Chilean prices are moving sideways

26/07/2024

US Senate appropriations bill would help pay for more whale research needed by lobster industry

‘This funding would support Maine’s lobster industry by improving the incomplete and imprecise science and research upon which the federal government relies’ — US senator Susan Collins

26/07/2024

OCI demands apology from harvester union over foreign worker slam

The Canadian company says comments by the union for harvesters in Newfoundland and Labrador regarding an alleged abuse of the country’s Temporary Foreign Worker (TFW) program are unfounded

26/07/2024

Owner of Canada’s largest crab factory charged over use of dead, weak snow crab

The provincial government of Newfoundland and Labrador announced Friday morning that it has charged Quinlan Brothers with four violations of the province’s fish inspection regulations

26/07/2024

Large Chilean processor plans RAS salmon farm in Canadian province

The Aquaboreal project, which is expected to cost CAD 400m in capital expenditures, will be located in Baie-Trinité, about 400km from the city of Quebec

25/07/2024

Norwegian king crab prices continue low, flat amid high Russian volumes

Consistent with predictions, average ex-vessel prices for Norwegian king crab dipped again in week 29 or stayed flat

25/07/2024

June sees Vietnamese vannamei shrimp exports hit two-year high

Vannamei shrimp export volumes were up 19% versus June 2023, while black tiger exports were up 9%

25/07/2024

Russia’s Far East salmon fishers warn of levy ‘disaster’ as catch forecast weakens

The end of year forecast for 320,000t of salmon from Russia’s Far East is nearly half the 609,000t total caught last year

25/07/2024

Urchinomics secures major capital boosts from two big deals

The partnerships with Japanese restaurant company F&LC and shipping firm Nippon Yusen Kabushiki Kaisha extend beyond capital investments, Urchinomics said

25/07/2024

Daily recap: Captain Fresh moves into salmon; Alaska’s Bristol Bay sockeye small as fishing winds down

Undercurrent News presents a recap of the top daily seafood stories from Wednesday, July 24

24/07/2024

Canadian politicians begin releasing specifics of CAD 463m budgeted to repair, maintain fishing harbors

The funding is from the CAD 463.3 million announced in the federal government’s budget that was unveiled in April

24/07/2024

Multi-trophic aquaculture champion Thierry Chopin dies

Chopin’s efforts brought substantial attention to the technique throughout North America, particularly Canada

24/07/2024

Strong tilapia demand pushes Brazilian fish farming exports to double in Q2

Brazilian aquaculture exports rose notably y-o-y by 89% in volume and 146% in value to 3,332t worth $15m

24/07/2024

Record anchovy landings drive dramatic growth in Peru fishing

In May 2024, Peru’s seafood landings amounted to 1.55 million metric tons worth PEN 784.7m, marking astonishing y-o-y increases of 1,076.1% and 329.2% respectively

24/07/2024

US scallop landing prices jump again, especially for larger sizes

Prices have risen again for US scallops, especially the larger sizes, reveals the latest review by Undercurrent News of landings at the New Bedford seafood auction

24/07/2024

Alaska’s Bristol Bay sockeye weigh in at record lows as fishing winds down

Alaska’s statewide sockeye harvest has passed its peak

24/07/2024

Nearly 50% of Norwegian fresh cod sold to EU this summer is farmed

Volumes of frozen cod sold to the trading bloc have also dropped off a cliff in the past three weeks as the EU is outbought by China and the UK

24/07/2024

Mercamadrid prices for European bass, bream remain unchanged

Wholesale prices for both European seabass and seabream from Turkey, Greece and Spain, as traded in Spain, stayed flat in week 29 of 2024

24/07/2024

China’s imported shrimp market in doldrums as shipments pile up

Quanlian Jicai, China’s largest shrimp import platform, said last week that supply and demand conditions have become ‘severely imbalanced’

24/07/2024

Vannamei shrimp prices surge in Thailand amid supply shortages, delayed crops

Ex-farm prices for head-on, shell-on vannamei shrimp in Thailand have seen a notable increase, with prices rising by between THB 2.50 and THB 5 per kilogram across all sizes

24/07/2024

Prices for large European plaice see slight rise, smaller sizes drop on Pefa auctions

The price for gutted, iced 35-41cm and 41-80cm European plaice increased marginally during week 29 of 2024, while the price for 27-31cm and 31-35cm fish saw the reverse

24/07/2024

Alaska sockeye prices surge over 25% for European buyers amid slower catches

The price of sockeye salmon from Alaska delivered to Europe has increased by 25%-plus y-o-y compared to last year due to a significant drop in catches in the ongoing season

24/07/2024

Daily recap: Red Lobster ready to embrace Fortress as new owner; India shrimp prices up again

Undercurrent News presents a recap of the top daily seafood stories from Tuesday, July 23

24/07/2024

Captain Fresh moves into salmon with deal for Polish processor

India’s Captain Fresh has signed a deal to acquire Polish smoked salmon processor Koral, the company confirmed to Undercurrent News on Wednesday

23/07/2024

Bluefin tuna farmer turns focus to seriola, aims to raise $5.5m by 2026

Norway-headquartered Nortuna has experienced issues with its bluefin plan, and though it hasn’t given up on them, it is turning its attention to seriola in an effort to turn cashflow positive

23/07/2024

Russian gov’t tries again with discounted crab quota auction

Russia’s regulatory authority has decided to hold a repeated auction to sell investment crab quotas in the Far East at a 10% discount after an earlier auction failed due to a lack of bidders

23/07/2024

Los Angeles-based shrimp farmer carves niche in US market with premium-priced product

Steve Sutton, founder of indoor shrimp producer TransparentSea, makes a case for the profitability and market potential of premium, US-farmed shrimp

23/07/2024

New report offers ideas for growing Alaska salmon sales, pricing insights

Andy Wink of Wink Research & Consulting has partnered with Undercurrent News to present the 2024 Wild Alaska Salmon Market Guide. Below are some of his best ideas from the book

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