Undercurrent News

Daily recap: Profand in talks to buy investor-backed rival; Pollock mince blocks ‘like gold’

Tue, 31 Mar 2026 08:21:49 +0000


Undercurrent presents a recap of the top daily seafood stories from Monday, March 30

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Rising fuel costs batter Japan, South Korea distant-water fleets

Mon, 30 Mar 2026 22:30:59 +0000


A surge in fuel prices due to the war in Iran is squeezing the fishing fleets of Japan and South Korea, prompting calls for government support

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Spain’s largest seafood firm Profand in talks to buy investor-backed rival

Mon, 30 Mar 2026 17:08:00 +0000


€1bn-plus-turnover Profand is in advanced talks to acquire an investor-owned rival focused on cephalopods and tuna with revenue of close to €150m

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Russian snow crab prices jump 20% in China as mortality squeezes supply; blue king drops

Mon, 30 Mar 2026 16:54:51 +0000


Snow crab rallied for a second consecutive week, with the two smallest tracked sizes -- 650-800g and 800-900g -- both surging 19% week-on-week

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Canada bumps elver quota but illegal fishing concerns remain

Mon, 30 Mar 2026 16:37:52 +0000


Some First Nations in Atlanitc Canada continue to reject federal authority, citing treaty rights, and say they plan to operate self-regulated fisheries outside licensing and traceability rules

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US wild shrimp producers sound alarm on soaring fuel prices

Mon, 30 Mar 2026 16:31:56 +0000


'Shrimpers operate on razor-thin margins, and right now, the increased cost of diesel makes it nearly impossible to turn a profit in the wholesale shrimp market' -- Jeremy Zirlott, Zirlott Trawlers

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Alaska fisheries board rejects calls to slash salmon hatchery production

Mon, 30 Mar 2026 16:26:17 +0000


'By cutting 25% of hatchery production in areas like Prince William Sound or Southeast, is the squeeze worth the juice?' -- Mike Wood, Alaska Board of Fisheries

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Maine lobsterman lawmaker fined thousands for child labor violations

Mon, 30 Mar 2026 16:01:20 +0000


The minor performed typical deckhand duties, including hauling traps, baiting gear and banding lobsters

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Acme CEO Rob Snyder takes long view, despite salmon market turbulence

Mon, 30 Mar 2026 15:46:43 +0000


'This is a moment to preserve capital and stay flexible. It's way too unstable now to make big moves' -- Rob Snyder, Acme Smoked Fish Co.

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Chilean salmon prices to Brazil firm up again in week 14

Mon, 30 Mar 2026 15:37:12 +0000


The recent strengthening in Chilean salmon prices to the Brazilian market has been driven by the proximity to Easter and reduced supply from farms, particularly for larger sizes

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