Undercurrent News

Northline CEO Blakey resigns amidst takeover attempt by Silver Bay

Fri, 17 Apr 2026 00:15:39 +0000


The acquisition would leave the market controlled by just three major companies following earlier consolidation related to Silver Bay purchasing or operating assets previously owned by OBI and Peter Pan

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Japan farmed coho prices fall 30% at Miyagi season opening

Thu, 16 Apr 2026 19:59:44 +0000


Japan's farmed coho salmon season opened in Miyagi, with first-sale prices falling around 30% year-on-year amid weak demand concerns and large carryover stocks

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Russian pollock roe supply to Japan, South Korea ‘limited’ as output falls, demand shifts

Thu, 16 Apr 2026 19:59:30 +0000


Russian pollock roe supply to traditional markets in Japan and South Korea is set to be limited as output falls and volumes shift to China and the domestic market

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Newfoundland snow crab processors, harvesters settle on new price formula

Thu, 16 Apr 2026 19:05:33 +0000


Instead of a post-season audit to determine final dock prices, harvesters will now see dock prices adjusted weekly during the season as wholesale rates fluctuate for 5-8 ounce sections 

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Chinese pollock block price hikes continue before Barcelona show with Russian, US single-frozen short

Thu, 16 Apr 2026 17:42:01 +0000


'This will not be the end [of the price rises]' for single- and double frozen pollock blocks, one European executive told UCN ahead of Barcelona show next week

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US wholesale: Live lobster prices dive on Canadian LFA openings; coldwater tails at 52-week highs

Thu, 16 Apr 2026 17:03:42 +0000


In the first full week since significant fresh supply makes its way on to the market, prices are volatile with reported rates both above and below UCN's range

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Feds propose boost for Alaska salmon in Cook Inlet

Thu, 16 Apr 2026 16:55:26 +0000


The Cook Inlet salmon harvest is under federal management due to a US judge's order that the feds take over after Alaska state fishery managers closed the commercial salmon harvest outside the three-mile line

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Profand surpasses €1.1bn in revenue, cements status as Spain’s largest seafood firm

Thu, 16 Apr 2026 16:55:12 +0000


Profand recorded another strong year in 2025, with its earnings before interest, taxes, depreciation and amortization reaching €97 million

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US RTE salmon, tuna processor hit with second FDA warning letter

Thu, 16 Apr 2026 16:45:33 +0000


The US Food and Drug Administration reports having found HACCP violations while inspecting a seafood processing facility in Los Angeles, California

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UCN proposes launch of new CFR China price assessments for Argentine red shrimp

Thu, 16 Apr 2026 16:37:45 +0000


Undercurrent is proposing the launch of weekly price assessments for Argentine red shrimp on a cost and freight basis to China

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