Undercurrent News

US seafood sustainability investor S2G closes $1bn growth equity fund

Wed, 13 May 2026 07:24:05 +0000


S2G said its new Solutions Fund I will address the financing gap between early-stage venture and infrastructure-scale capital for established businesses

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Daily recap: India’s May shrimp crop likely to underwhelm; US snow crab buyers hesitant

Wed, 13 May 2026 07:16:35 +0000


Undercurrent presents a recap of the top daily seafood stories from Tuesday, May 12

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Japan’s Hanwa forecasts 67% jump in seafood profit on global expansion

Tue, 12 May 2026 22:16:36 +0000


The trading house aims to lift its seafood profit to JPY 5bn over the next three years, up from the current JPY 3bn, through overseas expansion and value-added processing as Japan's market shrinks

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US snow crab buyers hesitant as landings pick up steam, prices drop slowly

Tue, 12 May 2026 16:58:39 +0000


'There are no buyers really stepping in right now to snap up crab heavily because they're waiting for the price to come down' -- one wholesaler on the state of the US snow crab market

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US RTE seafood processor hit with FDA warning letter

Tue, 12 May 2026 16:47:23 +0000


Min Jiang Food Store, doing business as Koi Koi Trading, had previously been flagged by FDA for HACCP violations in 2020

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Commercial fleet wary of $10m San Francisco Fisherman’s Wharf redevelopment plan

Tue, 12 May 2026 16:45:24 +0000


'I'm not sure what the future brings, but we do have to work together with the port and with the tourism part or aspect of the harbor as well' -- John Barnett, Crab Boat Owners' Association

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Alaska seafood delegation wraps up Baltics fact-finding mission

Tue, 12 May 2026 15:10:37 +0000


'These meetings strengthened relationships, increased visibility for Alaska species, and identified new avenues for collaboration' -- Alaska Seafood Marketing Institute

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US harvester gets 30 days in jail for landing wrung, undersized spiny lobsters

Tue, 12 May 2026 14:58:56 +0000


Raidel Alvarez Perez of Ocala, Florida, pleaded guilty to 23 counts, including 16 counts of possession of wrung spiny lobster tails

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US scallop landings almost evenly split by middle, small sizes

Tue, 12 May 2026 14:55:00 +0000


'Early-season production has improved incrementally, though landings continue to favor mid- and smaller-count scallops, doing little to ease the persistent shortage of larger sizes' -- Lorin Castiglione, senior UCN price analyst

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Inflation takes bite out of fresh, frozen shrimp at US retail

Tue, 12 May 2026 13:53:07 +0000


'April counted one Lent-impacted week in 2025 going up against the Easter holiday and another going up against an everyday demand week in 2026. This heavily skewed the April results downward' -- Anne-Marie Roerink, 210 Analytics

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