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Undercurrent News
@undercurrentnews.bsky.social
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The world's most widely-read global seafood news publication. Follow us for breaking news, supply & price updates, analysis and live event coverage.
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Undercurrent News @undercurrentnews.bsky.social · Feb 24
FREE READ: UCN has launched a new US wholesale #seafood #pricing platform, all explained in a three-minute video in this story. Find out how you can utilize a vast array of data with us:
www.undercurrentnews.com/2025/02/24/v...
Video explainer: Track US wholesale seafood prices with UCN’s new portal
Currently, the platform covers crab, Chilean salmon, frozen lobster, Asian and Latin farmed shrimp and wild Argentine reds, domestic and imported scallops, and wild and farmed groundfish/whitefish
www.undercurrentnews.com
undercurrentnews.bsky.social
#China 's imports of #salmon posted record growth in 2025, with full-year volumes surging nearly 50% compared with 2024 as #Norway dramatically grew its presence in the market:
www.undercurrentnews.com/2026/01/27/c...
China's salmon imports hit record in 2025 as Norway doubles shipments - Undercurrent News
Norway dramatically grew its presence in the Chinese market in 2025
www.undercurrentnews.com
January 27, 2026 at 11:56 AM
undercurrentnews.bsky.social
Continued high prices for #aquaculture inputs and demand that looks steady and strong mean export prices for #Vietnam #pangasius look likely to remain high in 2026:
www.undercurrentnews.com/2026/01/27/v...
Vietnam's pangasius shortage intensifies, supply chain prices set to remain high - Undercurrent News
Farm input costs are high, with fingerlings likely at a record, meaning pond stocking has fallen and raw material supply is tight; export prices look set to stay high, with demand decent
www.undercurrentnews.com
January 27, 2026 at 11:54 AM
undercurrentnews.bsky.social
#Ecuador #shrimp farm-gate prices rose for a second consecutive week, extending the recovery that began after a multi-week slide:
www.undercurrentnews.com/2026/01/27/w...
Week 5 farm-gate shrimp roundup: Ecuador prices rise for second straight week; Indonesia rebounds - Undercurrent News
Ecuador shrimp prices extend recovery; Indonesia surges 13% from historic lows, according Undercurrent News’ latest global shrimp farm-gate round-up
www.undercurrentnews.com
January 27, 2026 at 11:46 AM
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#Japan 's #surimi -based product market is facing a deeper and more prolonged contraction than previously assumed, with volumes now forecast to keep sliding well below 390,000t into the early 2030s:

www.undercurrentnews.com/2026/01/22/j...
Japan surimi products market heads below 360,000t amid prolonged contraction - Undercurrent News
An updated Fuji Keizai outlook shows Japan’s surimi market losing pricing power, with demand shifting toward cheaper private-label products and volumes set for long-term decline
www.undercurrentnews.com
January 23, 2026 at 11:58 AM
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The groundfish market is sending a familiar but increasingly unavoidable signal as the cost floor is still moving higher, and the US wholesale market is finally starting to reflect it:

www.undercurrentnews.com/2026/01/23/u...
US wholesale: Replacement costs tighten grip on groundfish market as cod, haddock firm - Undercurrent News
The story remains clear as the groundfish market is not rallying on enthusiasm, but it is steadily repricing to reflect a structurally higher cost base
www.undercurrentnews.com
January 23, 2026 at 11:50 AM
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#SouthKorea #seafood and logistics conglomerate Dongwon has, for the first time, formally outlined a possible funding route for a renewed bid for the nation's largest container line, bringing US canned #tuna subsidiary StarKist into view:
www.undercurrentnews.com/2026/01/22/d...
Dongwon surfaces StarKist liquidity option in bid for South Korea's largest carrier - Undercurrent News
After years of signaling interest in HMM, the South Korean seafood conglomerate has for the first time flagged its US tuna arm StarKist as a potential funding lever for a renewed takeover bid
www.undercurrentnews.com
January 22, 2026 at 11:11 AM
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Catch all the latest news from the NFI's Global #Seafood Marketing Conf. Latest headlines include news on global farmed #salmon output and how #scallop, #crab and seabass prices are aligning with prime beef trends:
www.undercurrentnews.com/2026/01/19/g...
GSMC 2026: Salmon panel forecasts small drop in Chile, Norway output; Scallops, crab, bass align with prime beef price trends - Undercurrent News
The Global Seafood Market Conference is being held in Hollywood, Florida, Jan. 18-22
www.undercurrentnews.com
January 22, 2026 at 11:06 AM
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#China 's frozen #shrimp imports declined sharply in December, capping a year in which full-year volumes finished below 2024's pace despite an increase in total import value:
www.undercurrentnews.com/2026/01/21/t...
Trade insights: China's 2025 shrimp imports slip 2% as December caps softer year - Undercurrent News
Despite the volume weakness, rising unit values supported overall import value, which climbed 7% on a per-kilogram basis to $5.32/kg for the full year
www.undercurrentnews.com
January 21, 2026 at 12:14 PM
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#Norway 's #Seafood Council could be forced to rethink -- or even pull -- its multimillion-dollar US marketing push if the US invades #Greenland:
www.undercurrentnews.com/2026/01/21/t...
Trump's Greenland threats endanger $4.4m Norwegian seafood promotional effort in US - Undercurrent News
‘If there were to be a different’ market scenario,’ we would have to reconsider and rebalance, if it were to be very different from what we see today’ — NSC CEO Christian Chramer
www.undercurrentnews.com
January 21, 2026 at 12:11 PM
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Prices for H&G Atlantic #cod and #haddock for #China are continuing to hold firm at record levels despite concerns that demand is set to drop sharply in the next month as the first of the raw material sold at this price peak hits the US market:
www.undercurrentnews.com/2026/01/21/h...
Norway, Russian H&G cod, haddock prices hold stable to firm despite demand fears - Undercurrent News
There has been only limited movement on international markets for H&G cod and haddock at sky-high levels, although buyers of the latter are seen as more likely to blink first
www.undercurrentnews.com
January 21, 2026 at 12:09 PM
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Sanctions on Norebo saw the quantity of #Russia -caught #pollock fillets available for Europe drop to 60,000t in 2025:
www.undercurrentnews.com/2026/01/19/n...
Norebo sanctions drive EU-approved Russian pollock fillet volume down 17,000t in 2025 - Undercurrent News
The dive in volume of Russian pollock fillets available for Europe came despite a 26.5% overall increase in output to 105,000t
www.undercurrentnews.com
January 19, 2026 at 12:10 PM
undercurrentnews.bsky.social
While the UK has not followed the #EU and #Norway in sanctioning #Russia firms Norebo and Murman #Seafood over alleged espionage, the flow of fish from the companies to this major market has stopped anyway:
www.undercurrentnews.com/2026/01/19/u...
UK can't import Norebo FAS cod, haddock fillets after EU, Norway sanctions - Undercurrent News
This is despite the UK not taking any formal action since adding 35% additional tariffs on direct imports of all Russian whitefish in 2022, the year of the invasion of Ukraine
www.undercurrentnews.com
January 19, 2026 at 12:08 PM
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#Italy -HQ'd multinational Bolton Group, a prominent player in the #tuna sector, has opened its first food "research and innovation" center in #Singapore:
www.undercurrentnews.com/2026/01/19/b...
Bolton opens food R&D hub in Singapore, eyes strategic acquisitions - Undercurrent News
The new center ‘represents a strategic investment in science-driven innovation aimed at addressing some of the most pressing global challenges facing food systems today’
www.undercurrentnews.com
January 19, 2026 at 12:05 PM
undercurrentnews.bsky.social
#China 's wholesale Atlantic #salmon prices continued to edge down in week four, despite increasing sales volumes from #Scotland:
undercurrentnews.com/2026/01/19/c...
China’s Atlantic salmon prices edge lower in week 4 amid rising Scottish supply - Undercurrent News
Fish from Bakkafrost’s Scottish subsidiary began supplying more fish to the Chinese market in January
undercurrentnews.com
January 19, 2026 at 12:03 PM
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#Japan's Nissui has completed its acquisition of #Chile #salmon farmer Pesquera Yadran, consolidating a roughly 60,000t platform in Chile and setting out plans to scale that to more than 80,000t by 2030:
www.undercurrentnews.com/2026/01/16/n...
Nissui lifts Chile salmon ambitions to 80,000t, targets US growth after Yadran deal - Undercurrent News
The Japanese giant has completed its acquisition, laying out plans to optimize species mix and farming layouts across Atlantic salmon, coho and trout
www.undercurrentnews.com
January 16, 2026 at 11:51 AM
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#Norway processor 1814 #Salmon has laid off all its staff amid a sharp reduction in raw material supply, but hopes to reopen soon:
www.undercurrentnews.com/2026/01/16/n...
Norwegian salmon processor aims to reopen in February after staff laid off - Undercurrent News
1814 Salmon has laid off between 40 and 60 people, including CEO Alf-Goran Knutsen, until raw material supply is more stable
www.undercurrentnews.com
January 16, 2026 at 11:50 AM
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#Canada and #China have reached a preliminary agreement that will remove retaliatory tariffs on Canadian #lobster and #crab exports, potentially reopening a major market for the country's #seafood producers:
www.undercurrentnews.com/2026/01/16/c...
Canada secures tariff relief for lobster, crab exports to China in new trade deal - Undercurrent News
Under terms of the agreement, Canadian lobsters and crabs are expected to be exempt from retaliatory tariffs starting March 1, 2026
www.undercurrentnews.com
January 16, 2026 at 11:48 AM
undercurrentnews.bsky.social
#Norway's export prices for #herring have begun 2026 with a rapid increase, while #mackerel prices have eased (barely, remaining above NOK 50/kg):
www.undercurrentnews.com/2026/01/16/n...
Norway herring export price lifts again on strong EU market, mackerel eases - Undercurrent News
Whole frozen mackerel prices may have eased from a turn-of-the-year high, but it’s marginal, and they remain over NOK 50/kg
www.undercurrentnews.com
January 16, 2026 at 11:45 AM
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Auction prices for domestic fresh wild #bluefin #tuna at #Tokyo 's Toyosu wholesale market softened further, as the market moved deeper into its seasonal demand lull following the New Year period:
www.undercurrentnews.com/2026/01/16/w...
Week 3 Japan tuna roundup: Frozen bigeye floor lifts on higher Taiwanese longliner single-vessel tenders - Undercurrent News
Low-end frozen bigeye prices at Toyosu rose in week three, driven by higher Taiwanese longliner single-vessel tender benchmarks, even as premium fresh bluefin continued to ease amid a post-holiday lul...
www.undercurrentnews.com
January 16, 2026 at 11:40 AM
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The European yellowfin #tuna market is looking ahead to the early months of 2026 under sustained pressure, with industry sources expecting little trading activity through February and March:
www.undercurrentnews.com/2025/12/18/h...
High stocks, weak demand stall European yellowfin tuna market - Undercurrent News
Industry sources anticipate limited movement for yellowfin tuna in Europe through February and March. Duty-free quota arrivals into the EU and heavy inventories will continue to weigh on prices
www.undercurrentnews.com
December 18, 2025 at 12:03 PM
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A new report from #Norway 's IMR suggests the threat posed by current #cod #aquaculture levels to coastal stocks is less than first thought, but warns there is still uncertainty around the longer-term impacts of interbreeding:
www.undercurrentnews.com/2025/12/18/l...
Long-term uncertainty defines Norway's cod farms but early impact on wild stocks less than first feared - Undercurrent News
According to a risk report from Norway’s IMR, the risk posed by cod farming is low within the Arctic Circle and moderate further south — at current volumes
www.undercurrentnews.com
December 18, 2025 at 12:01 PM
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Momentum from week 50's holiday "updraft" kept the US wholesale #salmon market firmer into week 51, even as fresh and frozen formats continued to diverge:
www.undercurrentnews.com/2025/12/18/u...
US wholesale: Holiday pull firms fresh Atlantic salmon as frozen remains inventory-driven - Undercurrent News
Norwegian salmon remained well-supported in the US in week 51, with contacts citing strong holiday demand and incremental business shifting toward Norway as Canadian availability tightens
www.undercurrentnews.com
December 18, 2025 at 11:56 AM
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#Ecuador and #India powered #Europe 's #shrimp imports to fresh highs in October -- though traders report demand has since cooled as importers work through heavy inventories:
www.undercurrentnews.com/2025/12/17/e...
Ecuador, India power EU shrimp imports past 500,000t - Undercurrent News
The import surge has left European cold stores well-stocked, with buyers now holding off on new purchases until holiday sales clarify the demand picture, sources recently told Undercurrent News
www.undercurrentnews.com
December 17, 2025 at 11:34 AM
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Some sellers in #Russia are resisting demand for frozen, headed and gutted #pollock contracts for early 2026, as they expect the spot market to remain high. Get the latest weekly price assessment here:
www.undercurrentnews.com/2025/12/17/r...
Russian H&G pollock sellers resist strong demand for 2026 China contracts with spot market still high - Undercurrent News
The current week 51 level on frozen, H&G Russian pollock is the highest of all time at this point in the year, according to UCN’s price assessments
www.undercurrentnews.com
December 17, 2025 at 11:31 AM
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The Kingfish Co's new CEO has resigned from the position with immediate effect for personal reasons; Vincent Erenst, who was due to step down at the end of 2025, has agreed to postpone his retirement: www.undercurrentnews.com/2025/12/17/k...
Kingfish's new CEO backs out of job, Erenst to stay in post - Undercurrent News
Karl Buiks was only named as CEO in November and was due to take up the role at the start of 2026
www.undercurrentnews.com
December 17, 2025 at 11:28 AM