Undercurrent News

Spain’s largest seafood firm Profand signs deal to buy Union Martin

Mon, 04 May 2026 11:06:02 +0000


This comes amid a broader wave of consolidation in Spain’s cephalopods market, with several additional deals currently being negotiated involving some of the sector’s largest players and processors

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Chinese caviar producers ramp up output, deepen European firms’ fight for survival

Mon, 04 May 2026 10:15:24 +0000


'Every day you got a new brand on the market, every day you got a new guy coming and proposing Chinese caviar' -- representative of Caviar de Neuvic

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Iceland’s cod auction prices ease again as sales volumes fall to ‘norm’

Mon, 04 May 2026 10:01:09 +0000


Icelandic cod and haddock auction prices stayed low in week 18, even as volumes returned to far more normal levels after week 17's spike

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Gigante Salmon begins search for additional farm sites

Mon, 04 May 2026 09:52:12 +0000


'Of course, expansion will be in the genes of any commercial company' -- Liv Monica Stubholt, Gigante Salmon

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Peruvian fishmeal hits new record in week 18 as coastal closures bite

Mon, 04 May 2026 09:42:49 +0000


Real super prime trades out of Peru added another $100/t week-on-week to confirm the level, according to industry sources

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Scottish cod auction prices rebound, haddock see mixed trends

Mon, 04 May 2026 09:36:13 +0000


Cod prices saw a rebound at Scottish fish auctions, while haddock prices saw mixed trends between April 27 and May 3

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UK retailer Asda recalls fishcakes over safety concerns

Mon, 04 May 2026 09:28:22 +0000


Asda has recalled a batch of its beer-battered cod fishcakes across the UK after warning they may contain pieces of plastic or metal

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Iceland flags threefold capelin price difference with Faroe Islands

Mon, 04 May 2026 09:26:23 +0000


Iceland has highlighted a 'striking' threefold gap in capelin prices compared with the Faroe Islands, raising concerns over how the fish's market value is calculated

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Tuna overtakes cod as UK’s top-selling MSC-certified fish

Mon, 04 May 2026 09:20:00 +0000


Tuna has overtaken cod as the UK's top-selling MSC-certified fish, with nearly half of all tuna products in supermarkets now carrying the eco-label

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Strong profitability surge at Cromaris as net profit jumps over 100% in Q1

Mon, 04 May 2026 09:15:56 +0000


Cromaris, part of the Adris Group, more than doubled its net profit in Q1 2026 as restructuring boosted efficiency and margins despite slightly lower sales volumes

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