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...
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...
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
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...
www.undercurrentnews.com/2025/12/18/h...
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...
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
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...
www.undercurrentnews.com/2025/12/18/l...
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...
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
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...
www.undercurrentnews.com/2025/12/18/u...
#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...
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
#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...
www.undercurrentnews.com/2025/12/17/e...
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...
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
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...
www.undercurrentnews.com/2025/12/17/r...
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
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...
Buyers in #Japan, the world's largest end market for Atlantic #mackerel, have reacted calmly to a 42% year-on-year cut in the 2026 quota, even as #Iceland's #fishing industry has pushed back over access and sales arrangements in #Norway waters: www.undercurrentnews.com/2025/12/17/j...
Japan market shrugs off 2026 Atlantic mackerel TAC cut as Iceland sector protests - Undercurrent News
Japanese Atlantic mackerel buyers remain calm on a steep 2026 quota cut, even as Iceland’s fishing industry warns the four-state agreement poses a severe threat to its sector amid mounting cost pressu...
www.undercurrentnews.com
December 17, 2025 at 11:17 AM
Buyers in #Japan, the world's largest end market for Atlantic #mackerel, have reacted calmly to a 42% year-on-year cut in the 2026 quota, even as #Iceland's #fishing industry has pushed back over access and sales arrangements in #Norway waters: www.undercurrentnews.com/2025/12/17/j...
#AbuDhabi-based investor Aqua Bridge has submitted a significantly improved offer to acquire Avramar's #aquaculture assets in #Greece, aiming to prevent a potential takeover by Canada's Cooke:
www.undercurrentnews.com/2025/12/16/a...
www.undercurrentnews.com/2025/12/16/a...
Avramar's creditors reassess options as Aqua Bridge raises bid to block Cooke takeover - Undercurrent News
Previously, Aqua Bridge’s deal involved a 70% debt write-off, immediate repayment of a €20m interim loan, and settlement of remaining debt over seven years
www.undercurrentnews.com
December 16, 2025 at 12:34 PM
#AbuDhabi-based investor Aqua Bridge has submitted a significantly improved offer to acquire Avramar's #aquaculture assets in #Greece, aiming to prevent a potential takeover by Canada's Cooke:
www.undercurrentnews.com/2025/12/16/a...
www.undercurrentnews.com/2025/12/16/a...
#Norway, the #UK, #Iceland and the #FaroeIslands have agreed to a new four-party northeast Atlantic #mackerel quota well above the original advice from ICES:
www.undercurrentnews.com/2025/12/16/n...
www.undercurrentnews.com/2025/12/16/n...
NE Atlantic states slash mackerel TAC for 2026, but still set well above ICES advice - Undercurrent News
While a sharp decrease compared to this year, the quota for 2026 is still set considerably higher than the 77% cut originally advised by ICES
www.undercurrentnews.com
December 16, 2025 at 12:26 PM
#Norway, the #UK, #Iceland and the #FaroeIslands have agreed to a new four-party northeast Atlantic #mackerel quota well above the original advice from ICES:
www.undercurrentnews.com/2025/12/16/n...
www.undercurrentnews.com/2025/12/16/n...
#India multinational Infifresh Foodtech, which trades as Captain Fresh, has agreed to acquire a €180m turnover #tuna processor based in #Spain, sources told UCN:
www.undercurrentnews.com/2025/12/16/i...
www.undercurrentnews.com/2025/12/16/i...
India's Captain Fresh inks deal to buy Spanish tuna processor - Undercurrent News
The acquisition will allow the Spanish tuna supplier to strengthen its financial position and scale by integrating into Captain Fresh’s global platform
www.undercurrentnews.com
December 16, 2025 at 12:22 PM
#India multinational Infifresh Foodtech, which trades as Captain Fresh, has agreed to acquire a €180m turnover #tuna processor based in #Spain, sources told UCN:
www.undercurrentnews.com/2025/12/16/i...
www.undercurrentnews.com/2025/12/16/i...
#Shrimp prices in #Ecuador fell for a fifth straight week, with farm-gate values now around $0.65/kg down from mid-November highs amid soft demand and strong supply. See our latest global shrimp roundup:
www.undercurrentnews.com/2025/12/16/w...
www.undercurrentnews.com/2025/12/16/w...
Week 51 farm-gate shrimp roundup: Ecuadorian prices bearish as Asia holds steady - Undercurrent News
Amid falling prices, Ecuador has returned to the bottom of the rankings of the world’s largest shrimp-exporting countries by farm-gate price, according to Undercurrent’s latest global market round-up
www.undercurrentnews.com
December 16, 2025 at 12:20 PM
#Shrimp prices in #Ecuador fell for a fifth straight week, with farm-gate values now around $0.65/kg down from mid-November highs amid soft demand and strong supply. See our latest global shrimp roundup:
www.undercurrentnews.com/2025/12/16/w...
www.undercurrentnews.com/2025/12/16/w...
#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...