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:
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The prices on frozen and trawl-caught H&G Atlantic #cod and #haddock from #Russia and #Norway are set firm, with supply scarce and demand slow in #China:
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Frozen H&G Norway, Russia cod prices remain at record level with supply, China demand low - Undercurrent News
‘The market is rather quiet due to the Chinese New Year,’ one Russian supplier, who asked not to be quoted by name, told Undercurrent
www.undercurrentnews.com
February 11, 2026 at 11:45 AM
The prices for sales of frozen and H&G #Russia #pollock increased in week seven with production reportedly down y-o-y, as #China 's processing sector closes ahead of the New Year:
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Russian H&G pollock prices rise to all-time high for week 7 even as China plants close for Lunar New Year - Undercurrent News
The current H&G Russian pollock pricing situation is unprecedented, various sources confirmed to Undercurrent
www.undercurrentnews.com
February 11, 2026 at 11:42 AM
The prices for sales of frozen and H&G #Russia #pollock increased in week seven with production reportedly down y-o-y, as #China 's processing sector closes ahead of the New Year:
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#China swung to a #seafood trade deficit for the first time on record in 2025, as surging demand for #shrimp, #crab and #lobster pushed imports past the $20bn mark while exports flatlined:
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China swings to seafood trade deficit for first time as imports top $20bn - Undercurrent News
The world’s largest seafood trader imported $20.3bn worth of fish and shellfish last year, up 11.6% from 2024
www.undercurrentnews.com
February 11, 2026 at 11:39 AM
#Scotland losses have again dragged down #FaroeIslands #salmon farmer Bakkafrost's fourth-quarter results, as the firm maintained its harvest outlook for 2026:
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Scottish farms again drag down Bakkafrost result, 2026 harvest outlook stable - Undercurrent News
The Faroese salmon farmer expects to harvest around 92,000t, gutted weight, in the
Faroes and some 20,000t in Scotland for 2026
www.undercurrentnews.com
February 9, 2026 at 1:01 PM
#Scotland losses have again dragged down #FaroeIslands #salmon farmer Bakkafrost's fourth-quarter results, as the firm maintained its harvest outlook for 2026:
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Wholesale Atlantic #salmon prices in #China continued to surge in week seven, just one week ahead of the Lunar New Year, as strengthening holiday demand coincided with rising supplier offerings:
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Wholesale salmon prices in China continue to rise in week 7 - Undercurrent News
Sources said the market was driven both by improving demand ahead of the holiday and by higher offers from suppliers
www.undercurrentnews.com
February 9, 2026 at 12:59 PM
Wholesale Atlantic #salmon prices in #China continued to surge in week seven, just one week ahead of the Lunar New Year, as strengthening holiday demand coincided with rising supplier offerings:
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#India #shrimp exporter Choice Canning has added a former senior Young's #Seafood exec to lead its European sales, at a time when the trade uncertainty in the US market is forcing companies in the Asian country to diversify:
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India's Choice adds ex-Young's sales chief in push to grow EU, UK sales - Undercurrent News
‘We had a captive market in the US. But we must look outside, even if the tariffs go away. We can’t have all our eggs in one basket; it is not a good thing,’ Choice CEO Jose Thomas told Undercurrent
www.undercurrentnews.com
February 9, 2026 at 12:57 PM
#India #shrimp exporter Choice Canning has added a former senior Young's #Seafood exec to lead its European sales, at a time when the trade uncertainty in the US market is forcing companies in the Asian country to diversify:
www.undercurrentnews.com/2026/02/09/i...
www.undercurrentnews.com/2026/02/09/i...
#Tilapia prices in Guangdong province, #China, continued to rise in week six, but the gains were driven by the local live fish market rather than demand from processing plants:
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China tilapia prices edge up in Guangdong as local demand offsets factory slowdown - Undercurrent News
Processing plants across southern China are heading into Lunar New Year holiday shutdowns during the first and second weeks of February, with some facilities already closed
www.undercurrentnews.com
February 3, 2026 at 12:13 PM
#Tilapia prices in Guangdong province, #China, continued to rise in week six, but the gains were driven by the local live fish market rather than demand from processing plants:
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#India #shrimp #aquaculture prices jumped in week six after US president Donald #Trump's decision to slash #tariffs on Indian goods from 50% to 18%; find UCN's latest global price assessment here:
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www.undercurrentnews.com/2026/02/03/w...
Week 6 farm-gate shrimp roundup: Indian prices jump on US tariff deal; China firms ahead of Spring Festival - Undercurrent News
The US-India deal announced on Monday appears to have already filtered through to farm-gate prices in Andhra Pradesh, where prices rose by 4-8% this week
www.undercurrentnews.com
February 3, 2026 at 12:11 PM
#India #shrimp #aquaculture prices jumped in week six after US president Donald #Trump's decision to slash #tariffs on Indian goods from 50% to 18%; find UCN's latest global price assessment here:
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www.undercurrentnews.com/2026/02/03/w...
One of several proposed #aquaculture projects in #NewZealand has moved to the next stage of the government's fast-track consenting scheme and will soon go before an expert panel for a final decision:
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New Zealand 14,000t salmon plan enters govt fast-track scheme - Undercurrent News
One of several aquaculture applications in the fast-track consenting scheme has been deemed complete and will move to the next stage of the process
www.undercurrentnews.com
February 3, 2026 at 12:09 PM
One of several proposed #aquaculture projects in #NewZealand has moved to the next stage of the government's fast-track consenting scheme and will soon go before an expert panel for a final decision:
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#Spain 's #seafood industry has backed the EU's new digital catch certification system but warns that its rollout is causing border disruptions, calling for greater flexibility during the transition:
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Spanish body backs new EU traceability system but confirms disruptions - Undercurrent News
The new EU directive on traceability entered into force this month, introducing stricter requirements for the traceability of fisheries and seafood products
www.undercurrentnews.com
February 2, 2026 at 12:07 PM
#Spain 's #seafood industry has backed the EU's new digital catch certification system but warns that its rollout is causing border disruptions, calling for greater flexibility during the transition:
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Super prime #Peru fishmeal prices at #Shanghai port rose for the first time in 2026, climbing nearly 2% w-o-w as #China port stocks fell below 180,000t -- a two-year low:
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Shanghai fishmeal prices break flat streak as port stocks hit two-year low - Undercurrent News
Shanghai super prime prices edged up around 2% in week five, the first increase of the year after four weeks of flat trading
www.undercurrentnews.com
February 2, 2026 at 12:00 PM
Super prime #Peru fishmeal prices at #Shanghai port rose for the first time in 2026, climbing nearly 2% w-o-w as #China port stocks fell below 180,000t -- a two-year low:
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The #Vietnam #pangasius sector is anticipating a pressured market for 2026, with demand from the essential US market dampened by the 20% tariff that came in during 2025: www.undercurrentnews.com/2026/02/02/v...
Vietnam expects tough 2026 pangasius market after sales pass $2bn - Undercurrent News
VASEP said 2025’s total pangasius exports reached $2.2bn, with December sales up 10% y-o-y as key markets stockpiled
www.undercurrentnews.com
February 2, 2026 at 11:57 AM
The #Vietnam #pangasius sector is anticipating a pressured market for 2026, with demand from the essential US market dampened by the 20% tariff that came in during 2025: www.undercurrentnews.com/2026/02/02/v...
#Norway #seafood firm Mowi has officially opened its first processing plant in #Thailand, strengthening its presence in one of Asia's fastest-growing markets for #salmon:
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Mowi opens first processing plant in Thailand in partnership with CP - Undercurrent News
Mowi has officially opened its first processing plant in Thailand, a move that comes as the country emerges as Norway’s second-largest salmon market in Asia
www.undercurrentnews.com
January 29, 2026 at 11:46 AM
#Norway #seafood firm Mowi has officially opened its first processing plant in #Thailand, strengthening its presence in one of Asia's fastest-growing markets for #salmon:
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Share prices in UK-headquartered Hilton Food have tumbled after the firm revealed the impact of US restrictions on its smoked #salmon supply from #Greece was more serious than previously thought:
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Hilton hints at seafood sale as Foppen's US woes worsen - Undercurrent News
UK’s Hilton Food Group has revealed that US stock write-offs of smoked salmon supplied from its Greek facility are now expected to be significantly higher than previously indicated
www.undercurrentnews.com
January 29, 2026 at 11:41 AM
Share prices in UK-headquartered Hilton Food have tumbled after the firm revealed the impact of US restrictions on its smoked #salmon supply from #Greece was more serious than previously thought:
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www.undercurrentnews.com/2026/01/29/h...
The #Seafood Exporters Association of #India has described news of the country's FTA with the #EU as a welcome relief for the country's #shrimp sector, though firms remain skeptical about non-tariff barriers:
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Indian shrimp exporters welcome EU deal yet warn non-tariff barriers still threaten trade - Undercurrent News
The deal will take nine to 12 months to take effect, but will see a range of duties reduced from 4.2-7.5% down to zero, according to the SEAI
www.undercurrentnews.com
January 29, 2026 at 11:37 AM
The #Seafood Exporters Association of #India has described news of the country's FTA with the #EU as a welcome relief for the country's #shrimp sector, though firms remain skeptical about non-tariff barriers:
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#Pollock has quietly turned into the US whitefish story of early 2026, not because buyers suddenly fell back in love with it, but because the rest of the substitution ladder keeps getting narrower:
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US wholesale: Alaska pollock gains ground as whitefish availability tightens - Undercurrent News
With cod and haddock scarce and expensive, and buyers still trying to protect feature and menu economics, pollock is increasingly the workhorse protein that can actually be sourced
www.undercurrentnews.com
January 29, 2026 at 11:35 AM
#Pollock has quietly turned into the US whitefish story of early 2026, not because buyers suddenly fell back in love with it, but because the rest of the substitution ladder keeps getting narrower:
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Momentum behind a substantial upward revision to #Iceland's #fishing #capelin quota for the 2025-26 season has gathered pace in recent days, as fresh survey signals, early industry action and price talk converge:
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Icelandic capelin sector, markets see growing expectations for 150,000t quota - Undercurrent News
Expectations for a sharply higher Icelandic capelin quota are strengthening across both the producing sector and consuming markets
www.undercurrentnews.com
January 28, 2026 at 12:51 PM
Momentum behind a substantial upward revision to #Iceland's #fishing #capelin quota for the 2025-26 season has gathered pace in recent days, as fresh survey signals, early industry action and price talk converge:
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#Norway #cod farmer Ode has entered into an agreement to acquire three #aquaculture sites in Vestland county from a peer, giving it over 9,000t more MAB:
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Norway's Ode expands significantly with purchase of three new sites from fellow cod farmer - Undercurrent News
Ode will invest in, and plans to initiate operations at, the three sites — which previously made up the listed firm Statt Torsk — this year
www.undercurrentnews.com
January 28, 2026 at 12:49 PM
#Norway #cod farmer Ode has entered into an agreement to acquire three #aquaculture sites in Vestland county from a peer, giving it over 9,000t more MAB:
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#Norway prices for H&G Atlantic #cod sold to #China are holding steady, while #Russia-origin cod this year has effectively split into two markets for sanctioned and unsanctioned vessels:
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Norway's H&G cod prices ease while EU sanctions create split Russian market - Undercurrent News
H&G prices for both Russian and Norwegian haddock have also picked up again in the latest week, reflecting slow January catches
www.undercurrentnews.com
January 28, 2026 at 12:45 PM
#Norway prices for H&G Atlantic #cod sold to #China are holding steady, while #Russia-origin cod this year has effectively split into two markets for sanctioned and unsanctioned vessels:
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www.undercurrentnews.com/2026/01/28/n...
#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:
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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
#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:
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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:
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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
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:
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#Ecuador #shrimp farm-gate prices rose for a second consecutive week, extending the recovery that began after a multi-week slide:
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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
#Ecuador #shrimp farm-gate prices rose for a second consecutive week, extending the recovery that began after a multi-week slide:
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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...
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
#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...
www.undercurrentnews.com/2026/01/22/j...
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...
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
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...
www.undercurrentnews.com/2026/01/23/u...
#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:
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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
#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...
www.undercurrentnews.com/2026/01/22/d...