Undercurrent News
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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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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
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...
www.undercurrentnews.com/2025/02/24/v...
#Spain -based #shrimp cooker Pescafacil has confirmed it has been "integrated into the Omarsa group" after the #Ecuador business agreed to buy a majority stake:
www.undercurrentnews.com/2025/12/11/s...
www.undercurrentnews.com/2025/12/11/s...
Spanish shrimp cooker confirms investment from Ecuador's Omarsa - Undercurrent News
As UCN first reported, Omarsa has agreed to buy a majority stake in the Spanish cooker after the latter’s deal with another supplier from the Latin American country collapsed
www.undercurrentnews.com
December 11, 2025 at 11:50 AM
#Spain -based #shrimp cooker Pescafacil has confirmed it has been "integrated into the Omarsa group" after the #Ecuador business agreed to buy a majority stake:
www.undercurrentnews.com/2025/12/11/s...
www.undercurrentnews.com/2025/12/11/s...
#Norway 's #salmon industry needs to ensure it is proactive about lobbying and working with the government on #aquaculture regulation now, to avoid finding itself lumbered with a long-term and unhelpful system in several years:
www.undercurrentnews.com/2025/12/11/l...
www.undercurrentnews.com/2025/12/11/l...
Legal expert warns of continued uncertainty in Norwegian aquaculture laws - Undercurrent News
‘From a legal perspective, it’s impossible to understand that if everyone agrees it doesn’t work, why should we uphold the deregulation, the downscaling, the red lights?’ — Trond Hatland, Thommessen
www.undercurrentnews.com
December 11, 2025 at 11:48 AM
#Norway 's #salmon industry needs to ensure it is proactive about lobbying and working with the government on #aquaculture regulation now, to avoid finding itself lumbered with a long-term and unhelpful system in several years:
www.undercurrentnews.com/2025/12/11/l...
www.undercurrentnews.com/2025/12/11/l...
After weeks of drifting lower, the US wholesale #salmon market finally caught a holiday updraft in week 50, with fresh #Chile and #Norway fillets posting some of the sharpest week-on-week gains seen this quarter:
www.undercurrentnews.com/2025/12/11/u...
www.undercurrentnews.com/2025/12/11/u...
US wholesale: Tighter supply, global holiday pull drive firmer farmed salmon prices - Undercurrent News
Importers, however, continue to flag the risk of higher replacement costs into Q1 as Chile’s harvest profile skews toward smaller fish and trim yields rise
www.undercurrentnews.com
December 11, 2025 at 11:43 AM
After weeks of drifting lower, the US wholesale #salmon market finally caught a holiday updraft in week 50, with fresh #Chile and #Norway fillets posting some of the sharpest week-on-week gains seen this quarter:
www.undercurrentnews.com/2025/12/11/u...
www.undercurrentnews.com/2025/12/11/u...
#SouthAfrica's Brimstone has agreed to sell a sizeable chunk of its 25% stake in #fishing firm Oceana Group:
www.undercurrentnews.com/2025/12/05/s...
www.undercurrentnews.com/2025/12/05/s...
South African investor Brimstone sells partial Oceana stake for $37m - Undercurrent News
Brimstone’s shareholding in Oceana will drop from 25.2% to 16% once the sale of nearly 12m shares to Marine Edge Capital is completed
www.undercurrentnews.com
December 5, 2025 at 11:39 AM
#SouthAfrica's Brimstone has agreed to sell a sizeable chunk of its 25% stake in #fishing firm Oceana Group:
www.undercurrentnews.com/2025/12/05/s...
www.undercurrentnews.com/2025/12/05/s...
Yellowfin #tuna prices, which have significantly decreased this year under the weight of heavy landings in the Eastern Pacific, have recently shown tentative signs of recovery. However, several factors continue to drag on any firm upward movement: www.undercurrentnews.com/2025/12/05/h...
High stocks, catches slow yellowfin price recovery after months of pressure - Undercurrent News
Tuna stocks in Europe remain relatively high, and lower-priced offerings continue to enter the market
www.undercurrentnews.com
December 5, 2025 at 11:37 AM
Yellowfin #tuna prices, which have significantly decreased this year under the weight of heavy landings in the Eastern Pacific, have recently shown tentative signs of recovery. However, several factors continue to drag on any firm upward movement: www.undercurrentnews.com/2025/12/05/h...
US whitefish prices may look sleepy on paper, but the forces underneath are anything but quiet. From #Iceland auctions snapping back to US tariff relief on #China-processed haddock and sole, the backdrop is increasingly loaded with risk:
www.undercurrentnews.com/2025/12/05/u...
www.undercurrentnews.com/2025/12/05/u...
US wholesale: Groundfish markets hold firm as Iceland auctions, pollock biomass flash warning signs - Undercurrent News
Haddock remains the clearest pressure point as single-frozen Icelandic fillets in shatterpack form added another $0.05/lb into week 49, keeping values entrenched at the upper end of historical ranges
www.undercurrentnews.com
December 5, 2025 at 11:35 AM
US whitefish prices may look sleepy on paper, but the forces underneath are anything but quiet. From #Iceland auctions snapping back to US tariff relief on #China-processed haddock and sole, the backdrop is increasingly loaded with risk:
www.undercurrentnews.com/2025/12/05/u...
www.undercurrentnews.com/2025/12/05/u...
If the #FaroeIslands acts on the bill it has approved and applies #seafood sanctions against #Russia, it risks destroying the relationship between the countries, a top Russian diplomat has warned:
www.undercurrentnews.com/2025/12/04/r...
www.undercurrentnews.com/2025/12/04/r...
Russian ambassador warns Faroese sanctions could 'destroy' decades-old relationship - Undercurrent News
Vladimir Barbin warned that if the Faroe Islands were to enact sanctions, it would ‘jeopardize the agreement on mutual relations in the field of fisheries…and may lead to the final destruction of cons...
www.undercurrentnews.com
December 4, 2025 at 12:00 PM
If the #FaroeIslands acts on the bill it has approved and applies #seafood sanctions against #Russia, it risks destroying the relationship between the countries, a top Russian diplomat has warned:
www.undercurrentnews.com/2025/12/04/r...
www.undercurrentnews.com/2025/12/04/r...
FREE READ: A highly popular and experienced UK #seafood sector executive, Charles Boardman, has passed away after a short battle with cancer:
www.undercurrentnews.com/2025/12/04/c...
www.undercurrentnews.com/2025/12/04/c...
Colleagues pay tribute after UK seafood veteran Charles Boardman passes away - Undercurrent News
Charles Boardman built a three-decade career across the UK seafood sector, holding senior roles spanning processing, procurement, trading and international business development
www.undercurrentnews.com
December 4, 2025 at 11:56 AM
FREE READ: A highly popular and experienced UK #seafood sector executive, Charles Boardman, has passed away after a short battle with cancer:
www.undercurrentnews.com/2025/12/04/c...
www.undercurrentnews.com/2025/12/04/c...
While SalMar's initial guidance for 2026 may have underwhelmed, its CEO confirmed there's plenty more volume still to come before the firm fully utilizes its vast array of #salmon #aquaculture sites in the north and central regions of #Norway:
www.undercurrentnews.com/2025/12/04/s...
www.undercurrentnews.com/2025/12/04/s...
SalMar still has 80,000t salmon to add from new sites, future M&A for 'big' operations only - Undercurrent News
There is still ‘huge potential’ to better utilize the existing licenses that SalMar acquired from NTS back in 2022, according to CEO Frode Arntsen
www.undercurrentnews.com
December 4, 2025 at 11:53 AM
While SalMar's initial guidance for 2026 may have underwhelmed, its CEO confirmed there's plenty more volume still to come before the firm fully utilizes its vast array of #salmon #aquaculture sites in the north and central regions of #Norway:
www.undercurrentnews.com/2025/12/04/s...
www.undercurrentnews.com/2025/12/04/s...
#Vietnam 's surimi and fish cake sector has recorded a substantial rebound in 2025, with exports in the first 10 months rising to $292m, up 24% from the same period in 2024:
www.undercurrentnews.com/2025/12/01/v...
www.undercurrentnews.com/2025/12/01/v...
Vietnam surimi exports jump 24% as EU, China fuel strong rebound - Undercurrent News
Vietnam’s surimi exports rose 24% to $292 million in the first ten months of 2025, driven by a 73% surge in EU purchases and a 44% increase in shipments to China and Hong Kong
www.undercurrentnews.com
December 1, 2025 at 12:13 PM
#Vietnam 's surimi and fish cake sector has recorded a substantial rebound in 2025, with exports in the first 10 months rising to $292m, up 24% from the same period in 2024:
www.undercurrentnews.com/2025/12/01/v...
www.undercurrentnews.com/2025/12/01/v...
Offers for super prime #fishmeal in #Shanghai, #China held steady in week 48, ending a three-week rally that had pushed prices up nearly 26% year-on-year:
www.undercurrentnews.com/2025/12/01/c...
www.undercurrentnews.com/2025/12/01/c...
Fishmeal prices stabilize in China after month of gains - Undercurrent News
The price pause comes as stockholders in the world’s largest market have grown more flexible, reflecting the end of China’s aquaculture season and lower demand, according to sources
www.undercurrentnews.com
December 1, 2025 at 12:10 PM
Offers for super prime #fishmeal in #Shanghai, #China held steady in week 48, ending a three-week rally that had pushed prices up nearly 26% year-on-year:
www.undercurrentnews.com/2025/12/01/c...
www.undercurrentnews.com/2025/12/01/c...
Atlantic #salmon prices increased across #China wholesale markets in week 49, tracking firmer international market trends: www.undercurrentnews.com/2025/12/01/a...
Atlantic salmon prices rise in China on higher international levels - Undercurrent News
In Guangzhou, Norwegian Atlantic salmon — head-on, gutted, weighing 6-7 kilograms — up by CNY 4/kg
www.undercurrentnews.com
December 1, 2025 at 12:06 PM
Atlantic #salmon prices increased across #China wholesale markets in week 49, tracking firmer international market trends: www.undercurrentnews.com/2025/12/01/a...
#China 's #seafood industry has entered a "new stage of low growth, low investment," as global #trade uncertainties and weakening domestic consumption reshape the market, according to CAPPMA: www.undercurrentnews.com/2025/11/26/c...
China's seafood sector enters 'low-growth era,' says CAPPMA head - Undercurrent News
‘The boom years of rapid, large-scale expansion are over’ — CAPPMA’s Cui He
www.undercurrentnews.com
November 27, 2025 at 11:56 AM
#China 's #seafood industry has entered a "new stage of low growth, low investment," as global #trade uncertainties and weakening domestic consumption reshape the market, according to CAPPMA: www.undercurrentnews.com/2025/11/26/c...
The acquisition of UK #seafood firm Ocean Fish by Fortuna of the #Falklands will aid the former's drive to hit £100m in revenue by 2030, which will likely feature more mergers and acquisitions:
www.undercurrentnews.com/2025/11/27/m...
www.undercurrentnews.com/2025/11/27/m...
More Ocean Fish M&A likely as Fortuna buyout fuels £100m revenue drive - Undercurrent News
‘The access to wider group support as we set about delivering turnover of £100m by 2030 was a compelling factor for me in this consolidation,’ said Leigh Genge, who stays on as CEO and a 4.5% sharehol...
www.undercurrentnews.com
November 27, 2025 at 11:51 AM
The acquisition of UK #seafood firm Ocean Fish by Fortuna of the #Falklands will aid the former's drive to hit £100m in revenue by 2030, which will likely feature more mergers and acquisitions:
www.undercurrentnews.com/2025/11/27/m...
www.undercurrentnews.com/2025/11/27/m...
Four weeks after taking over Nova Sea's operation, #Norway #salmon #aquaculture firm Mowi says the $39m synergy bonus forecast before the merger is likely to prove accurate:
www.undercurrentnews.com/2025/11/27/m...
www.undercurrentnews.com/2025/11/27/m...
Mowi CEO: Nova Sea deal creates 170,000t salmon behemoth in northern Norway - Undercurrent News
Four weeks after taking over Nova Sea’s operation, Mowi CEO Ivan Vindheim says the $39m synergy bonus forecast before the merger is likely to prove accurate
www.undercurrentnews.com
November 27, 2025 at 11:48 AM
Four weeks after taking over Nova Sea's operation, #Norway #salmon #aquaculture firm Mowi says the $39m synergy bonus forecast before the merger is likely to prove accurate:
www.undercurrentnews.com/2025/11/27/m...
www.undercurrentnews.com/2025/11/27/m...
#Vietnam farmed #shrimp prices are expected to rise through to the country's Lunar New Year in mid-February 2026, after floods have further impacted poor harvests:
www.undercurrentnews.com/2025/11/26/v...
www.undercurrentnews.com/2025/11/26/v...
Vietnamese shrimp prices expected to rise through to February - Undercurrent News
Heavy rains, and now floods, have made for ‘very poor’ harvests, and processors are likely to be competing fiercely for raw material throughout Q4
www.undercurrentnews.com
November 26, 2025 at 12:17 PM
#Vietnam farmed #shrimp prices are expected to rise through to the country's Lunar New Year in mid-February 2026, after floods have further impacted poor harvests:
www.undercurrentnews.com/2025/11/26/v...
www.undercurrentnews.com/2025/11/26/v...
Construction at #Iceland business Samherji's 30,000t capacity land-based #salmon #aquaculture project is progressing according to schedule, meaning the firm aims to have built 20,000t of capacity by the end of 2028:
www.undercurrentnews.com/2025/11/26/c...
www.undercurrentnews.com/2025/11/26/c...
Construction of Samherji's 'Salmon Garden' on track for 20,000t by 2028 - Undercurrent News
In the meantime, this year its aquaculture business will return to profit after an incident in 2024 with vaccinations caused a rare loss
www.undercurrentnews.com
November 26, 2025 at 12:13 PM
Construction at #Iceland business Samherji's 30,000t capacity land-based #salmon #aquaculture project is progressing according to schedule, meaning the firm aims to have built 20,000t of capacity by the end of 2028:
www.undercurrentnews.com/2025/11/26/c...
www.undercurrentnews.com/2025/11/26/c...
Prices for frozen and trawl-caught headed and gutted #cod and #haddock from #Russia are on the rise in week 48, as the processing sector in #China pushes back on #Norway's offers:
www.undercurrentnews.com/2025/11/26/h...
www.undercurrentnews.com/2025/11/26/h...
H&G Russian cod, haddock prices keep rising as China pushes back on Norway - Undercurrent News
‘Traders in Norway keep stock and try to force importers to buy in the end as there is a shortage of cod,’ a Norwegian supplier told Undercurrent of the situation
www.undercurrentnews.com
November 26, 2025 at 12:11 PM
#China 's imports of frozen #shrimp from #Ecuador fell sharply in October as higher prices dented demand in the world's second-largest market: www.undercurrentnews.com/2025/11/24/t...
Trade insights: China's shrimp imports from Ecuador slide in October - Undercurrent News
Overall Chinese frozen shrimp imports held flat in October at 70,133t, though total value rose 8% to $380m due to higher global prices
www.undercurrentnews.com
November 24, 2025 at 11:56 AM
#China 's imports of frozen #shrimp from #Ecuador fell sharply in October as higher prices dented demand in the world's second-largest market: www.undercurrentnews.com/2025/11/24/t...
The EC's latest sanction package on #Russia does not contain additional measures on #seafood. Rumors had been circulating that the 19th sanction package could impact fish, but that's not the case: www.undercurrentnews.com/2025/11/24/e...
EC confirms latest sanction package on Russia doesn't impact fish - Undercurrent News
Rumors have been circulating in the European sector that the 19th sanction package from the European Commission somehow impacts seafood, which the EC confirmed is not the case
www.undercurrentnews.com
November 24, 2025 at 11:54 AM
The EC's latest sanction package on #Russia does not contain additional measures on #seafood. Rumors had been circulating that the 19th sanction package could impact fish, but that's not the case: www.undercurrentnews.com/2025/11/24/e...
Despite 2025's surprisingly slack #salmon spot market, the tight supply outlook for 2026 means that prices are expected to rise to their highest average level on record:
www.undercurrentnews.com/2025/11/24/n...
www.undercurrentnews.com/2025/11/24/n...
Next step of salmon's price 'stair' likely to hit spot markets next year - Undercurrent News
Biomass at sea from Norwegian farms heading into next year is currently well below 2024, while salmon prices have bucked both seafood and the wider protein sector by going low this year
www.undercurrentnews.com
November 24, 2025 at 11:49 AM
Despite 2025's surprisingly slack #salmon spot market, the tight supply outlook for 2026 means that prices are expected to rise to their highest average level on record:
www.undercurrentnews.com/2025/11/24/n...
www.undercurrentnews.com/2025/11/24/n...
FREE READ: Recap all the headlines from the Arctic Securities #Seafood Investor Conference in #Oslo, #Norway, where #salmon supply-demand corrections and post-smolt supply were hot topics:
www.undercurrentnews.com/2025/11/21/a...
www.undercurrentnews.com/2025/11/21/a...
Arctic Securities conference recap: Salmon supply-demand correction, post-smolt boom - Undercurrent News
Undercurrent News reported from Oslo, Norway, for the 2025 Arctic Securities Seafood Investor Conference
www.undercurrentnews.com
November 21, 2025 at 12:01 PM
FREE READ: Recap all the headlines from the Arctic Securities #Seafood Investor Conference in #Oslo, #Norway, where #salmon supply-demand corrections and post-smolt supply were hot topics:
www.undercurrentnews.com/2025/11/21/a...
www.undercurrentnews.com/2025/11/21/a...
Auction prices for domestic fresh wild bluefin #tuna in #Tokyo's wholesale market softened again as winter fishing in northern #Japan entered full swing:
www.undercurrentnews.com/2025/11/21/w...
www.undercurrentnews.com/2025/11/21/w...
Week 47 Japan tuna roundup: Domestic fresh bluefin supply jumps, frozen prices steady - Undercurrent News
Domestic fresh bluefin prices hovered around $57/kg amid a sharp rise in arrivals, while frozen and southern bluefin and bigeye segments held largely steady across Toyosu Market
www.undercurrentnews.com
November 21, 2025 at 11:52 AM
Auction prices for domestic fresh wild bluefin #tuna in #Tokyo's wholesale market softened again as winter fishing in northern #Japan entered full swing:
www.undercurrentnews.com/2025/11/21/w...
www.undercurrentnews.com/2025/11/21/w...
One day after #Norway announced it had finally set a date in December to digitally meet #Russia over bilateral #fisheries talks, Russia has said it is serious about retaliating against sanctions:
www.undercurrentnews.com/2025/11/21/r...
www.undercurrentnews.com/2025/11/21/r...
Russia still 'serious' about Norway retaliation over Norebo sanctions as Barents Sea meeting set - Undercurrent News
Rosrybolovstvo has pledged to once again raise the issue of ‘unlawful sanctions against Russian companies’ at the December meeting
www.undercurrentnews.com
November 21, 2025 at 11:48 AM
One day after #Norway announced it had finally set a date in December to digitally meet #Russia over bilateral #fisheries talks, Russia has said it is serious about retaliating against sanctions:
www.undercurrentnews.com/2025/11/21/r...
www.undercurrentnews.com/2025/11/21/r...
Shares in UK-headquartered Hilton Food have dropped by more than 20% as of Nov. 11 morning after it issued a warning over profits for 2026:
www.undercurrentnews.com/2025/11/11/h...
www.undercurrentnews.com/2025/11/11/h...
Hilton's share price dives on 2026 profit warning - Undercurrent News
It reported seeing demand for whitefish soften amid high prices, and while the salmon category is to benefit over the festive period, the firm is now cautious on ‘profit progression’ in 2026
www.undercurrentnews.com
November 11, 2025 at 12:58 PM
Shares in UK-headquartered Hilton Food have dropped by more than 20% as of Nov. 11 morning after it issued a warning over profits for 2026:
www.undercurrentnews.com/2025/11/11/h...
www.undercurrentnews.com/2025/11/11/h...