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Daily recap, March 7: Espersen faces pollock price inflation; What’s driving Norwegian whitefish prices?

Undercurrent News' EMEA editor, Neil Ramsden, rounds up the biggest seafood news stories from Monday

By Undercurrent News | March 8, 2022 08:32 GMT
Russia launches probe into McDonald's charity
McDonald's first Russian store, in Moscow. Photo: Fran Urbano. The fast food chain has still been able to buy from Espersen as the latter switched to New Zealand hoki instead of US pollock following the ban
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Credit: Boston Wholesale Lobster Co.'s holding pound in Lynn, Massachusetts. Credit: Boston Wholesale

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Here's a recap of the daily seafood news from Monday, March 7:

Espersen faces massive pollock price inflation for Russian McDonald's plant

Denmark-based A. Espersen plans to carry on operating its McDonald's-focused plant in Russia but faces dramatic cost inflation for pollock raw material, the company's CEO told Undercurrent News. Although Espersen uses Russian pollock fillets in the plant, these are traded in dollars. The Russian ruble has devalued more than 30% against the US dollar due to the sanctions placed on Vladimir Putin's government after the invasion of Ukraine [...]

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UCN proposes launch of new US wholesale price reporting for shrimp markets

UCN proposes launch of new US wholesale price reporting for shrimp markets

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