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Canada sees best cod landings, exports in decadesThe latest landings report from Canada's Department of Fisheries and Oc...
02/01/2026

Canada sees best cod landings, exports in decades

The latest landings report from Canada's Department of Fisheries and Oceans (DFO) and data from Undercurrent News' trade portal show that Canada is back as a global supplier of Atlantic cod (Gadus morhua).

The success was mainly due to increased landings in the province of Newfoundland and Labrador (NL), thanks to a doubling of the quota in fishing zones 2J and 3KL, which encompass the range of the iconic "northern cod," previously under a moratorium from 1992 to 2023.

Canada has also moved into first place in global rankings for stock spawning biomass, ahead of Iceland and the Barents Sea, according to the Atlantic Groundfish Council

Week 52 US wholesale prices: Lobster finds year-end floor; holiday supply squeeze firms salmonLobster pricing turned hig...
24/12/2025

Week 52 US wholesale prices: Lobster finds year-end floor; holiday supply squeeze firms salmon

Lobster pricing turned higher across the board in week 52 of 2025 (Dec. 22-28) on Christmas/New Year coverage, with firmer values evident across both shell types, as seen in Undercurrent News' US wholesale pricing platform (request a trial if you don't have access).

https://undercurrentnews-6169725.hs-sites.com/trial-request-form

On hard-shell, "halves and up" are finally starting to tighten, reversing the downward trend that had persisted for months as availability in larger specs becomes less comfortable.

https://www.undercurrentnews.com/2025/12/24/week-52-us-wholesale-prices-lobster-finds-year-end-floor-holiday-supply-squeeze-firms-salmon/

UCN’s week 52 price assessments and market wrap-ups for US wholesale prices for crab, salmon, shrimp, lobster, groundfish, farmed whitefish and scallops are available on our new platform

US po***ck sellers settle early EU A season PBO fillet block contracts below Russian duty-paid offers Some US po***ck se...
18/12/2025

US po***ck sellers settle early EU A season PBO fillet block contracts below Russian duty-paid offers

Some US po***ck sellers have agreed on some early "tester" pin-bone out (PBO) deals for the A season of 2026 for Europe at increased prices, with the aim of additional hikes for further contracts, sources have informed Undercurrent News.

Meanwhile, Russian sellers are offering high PBO prices for the A season at a duty-paid price exceeding the current US level. Chinese sellers are also seeking levels for double-frozen fillet blocks, citing record prices for headed and gutted (H&G) raw materials.

Early European market ‘test’ US PBO po***ck fillet blocks deals for 2026 A season are settling at levels around $200-$250/t below Russian offers

The European yellowfin market is looking ahead to the early months of 2026 under sustained pressure, with industry sou...
18/12/2025

The European yellowfin market is looking ahead to the early months of 2026 under sustained pressure, with industry sources expecting little trading activity through February and March:

Industry sources anticipate limited movement for yellowfin tuna in Europe through February and March. Duty-free quota arrivals into the EU and heavy inventories will continue to weigh on prices

A new report from 's IMR suggests the threat posed by current levels to coastal stocks is less than first thought, ...
18/12/2025

A new report from 's IMR suggests the threat posed by current levels to coastal stocks is less than first thought, but warns there is still uncertainty around the longer-term impacts of interbreeding:

According to a risk report from Norway’s IMR, the risk posed by cod farming is low within the Arctic Circle and moderate further south — at current volumes

Momentum from week 50's holiday "updraft" kept the US wholesale market firmer into week 51, even as fresh and frozen f...
18/12/2025

Momentum from week 50's holiday "updraft" kept the US wholesale market firmer into week 51, even as fresh and frozen formats continued to diverge:

Norwegian salmon remained well-supported in the US in week 51, with contacts citing strong holiday demand and incremental business shifting toward Norway as Canadian availability tightens

Week 51 US wholesale prices: Mahi mahi rides out partial US ban; Tightening holiday supply hoists up farmed salmonUS who...
17/12/2025

Week 51 US wholesale prices: Mahi mahi rides out partial US ban; Tightening holiday supply hoists up farmed salmon

US wholesale mahi mahi prices remain stable in week 51 of 2025 (Dec. 15-21), as seen in Undercurrent News' US wholesale pricing platform (request a trial if you don't have access), despite a looming US band of some product.

There was just a sole movement in mahi mahi pricing this week, with 10-ounce portions moving up $0.30 to an average of $9.40 per pound, as seen in UCN's pelagics assessment.

UCN’s week 51 price assessments and market wrap-ups for US wholesale prices for crab, salmon, shrimp, lobster, groundfish, farmed whitefish and scallops are available on our new platform

and powered 's imports to fresh highs in October -- though traders report demand has since cooled as importers wo...
17/12/2025

and powered 's imports to fresh highs in October -- though traders report demand has since cooled as importers work through heavy inventories:

The import surge has left European cold stores well-stocked, with buyers now holding off on new purchases until holiday sales clarify the demand picture, sources recently told Undercurrent News

Some sellers in are resisting demand for frozen, headed and gutted ***ck contracts for early 2026, as they expect the...
17/12/2025

Some sellers in are resisting demand for frozen, headed and gutted ***ck contracts for early 2026, as they expect the spot market to remain high. Get the latest weekly price assessment here:

The current week 51 level on frozen, H&G Russian po***ck is the highest of all time at this point in the year, according to UCN’s price assessments

The Kingfish Co's new CEO has resigned from the position with immediate effect for personal reasons; Vincent Erenst, who...
17/12/2025

The Kingfish Co's new CEO has resigned from the position with immediate effect for personal reasons; Vincent Erenst, who was due to step down at the end of 2025, has agreed to postpone his retirement:

Karl Buiks was only named as CEO in November and was due to take up the role at the start of 2026

Buyers in , the world's largest end market for Atlantic , have reacted calmly to a 42% year-on-year cut in the 2026 qu...
17/12/2025

Buyers in , the world's largest end market for Atlantic , have reacted calmly to a 42% year-on-year cut in the 2026 quota, even as 's industry has pushed back over access and sales arrangements in waters:

Japanese Atlantic mackerel buyers remain calm on a steep 2026 quota cut, even as Iceland’s fishing industry warns the four-state agreement poses a severe threat to its sector amid mounting cost pressures

-based investor Aqua Bridge has submitted a significantly improved offer to acquire Avramar's assets in , aiming to ...
16/12/2025

-based investor Aqua Bridge has submitted a significantly improved offer to acquire Avramar's assets in , aiming to prevent a potential takeover by Canada's Cooke:

Previously, Aqua Bridge’s deal involved a 70% debt write-off, immediate repayment of a €20m interim loan, and settlement of remaining debt over seven years

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