Undercurrent News

Catch the Current: Tariffs, tight supply, rising prices squeeze industry

Fri, 15 May 2026 13:10:33 +0000


Undercurrent editor-in-chief Tom Seaman joins the pod to explain how shrinking pollock inventories, sanctions on Russian producers, lower production and surging demand have sent whitefish prices to record highs

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US wholesale: Canadian price gains offset softer Norway salmon market

Fri, 15 May 2026 09:54:28 +0000


Market participants point to next week's holiday in Chile as an important near-term support factor, with reduced production and processing activity expected to temporarily tighten supply flows

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Week 20 Japan tuna roundup: Fresh bluefin falls as purse-seine resumes, set-net supply grows

Fri, 15 May 2026 09:53:14 +0000


Fresh bluefin prices fall at Tokyo's Toyosu Market as purse-seine fishing resumes and Aomori set-net supply increases, while frozen bigeye prices extend record highs

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Kyokuyo eyes record profit as overseas investment returns gather pace

Fri, 15 May 2026 09:51:32 +0000


The Japanese firm has also dissolved its joint venture with US-based Great Ocean Group in its imitation crab stick business and brought the operation fully under its control

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Russia opens North Pacific fishing applications, raises Atlantic quotas

Fri, 15 May 2026 09:48:56 +0000


Companies can apply for 2026 Pacific saury quotas totaling 115,425t and Pacific mackerel quotas of 47,940t in NPFC-regulated waters

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Maldives’ state-owned tuna firm MIFCO appoints new CEO

Fri, 15 May 2026 09:45:03 +0000


MIFCO is in the process of significantly expanding its cold storage capacity to support the Maldivian fisheries sector, with a major 4,000t facility at the Felivaru hub expected to be operational later this year

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Norway’s King Oscar brand opens store in Bergen to celebrate 125-year history

Fri, 15 May 2026 09:40:29 +0000


Thain Union-owned King Oscar has opened a new 'experiential' brand store in Bergen to showcase its heritage and products, with pop-ups to follow in Alesund and Svolvaer

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Chinese aquaculture vessel completes first Atlantic salmon harvest

Fri, 15 May 2026 09:29:58 +0000


The 150,000-metric-ton ship, 'Conson No. 1 2-2,' harvested around 3,000 salmon weighing a total of 12t on Monday

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US keeps high tariffs on Vietnamese shrimp in preliminary anti-dumping review

Fri, 15 May 2026 09:29:35 +0000


The US kept a high 25.76% anti-dumping tariff on the majority of Vietnamese shrimp exporters in a preliminary review, while assigning significantly lower, company-specific rates to two firms

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October date set for crunch talks on Antarctic krill quota increase

Fri, 15 May 2026 09:29:04 +0000


China and Norway are both pushing for an increase to krill quotas in the Southern Ocean, with China blocking the creation of a new MPA due to CCAMLR's refusal to increase volumes

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