Espersen faces massive pollock price inflation for Russian McDonald’s plant
'When we are buying for B season, in the second half of the year or even before that, there would be a huge price increase if the ruble is where it is today,' says Klaus Nielsen, CEO
Editor’s choice: UK’s Dawnfresh goes under; Russia-Ukraine conflict impacts industry
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Big Prawn expects new retail wins to drive return to pre-pandemic profits
The UK processor began replacing Hilton Food Group in some Tesco stores in 2022, but said new contract wins would show their full benefit in year ended May 2023
Analyst lowers target price for High Liner stock over reported end to Russia purchases
'We understand High Liner has stopped direct purchases from Russian companies, which were previously minor' -- Jonathan Lamers, BMO Capital Markets
Russian H&G pollock prices rise to ‘panicked’ Chinese processors
The Chinese processing sector is experiencing some 'panic' over what will happen in the EU as a result of Russia's invasion of Ukraine, executives said
As fallout from Ukraine invasion tempers pollock prices, sector fears for worst
While pollock processors in Europe are running down stocks, they are also worried about further sanctions or retailer and consumer opposition to Russian products
Sea Harvest ‘streamlines’ lossmaking aquaculture division, while group shows ‘mettle’
The South African firm said it had 'once again proved its resilient and defensive nature', reporting increased revenue and profits for the full year 2021
Sofina parts ways with Greenland Seafood veteran Jensen in reshuffle
Canada's Sofina has parted ways with Allan Jensen, the long-time managing director of Greenland Seafood, in a reshuffle
Royal Greenland latest to suspend trading with Russia
The decision will impact the firm and its Russian JV partner Agama -- 'but I support the decision 100%', Royal Greenland's CEO told Undercurrent
NZ Coastal losses deepen in second half of 2021
The New Zealand-based exporter of shellfish by-products suffered a net loss of just over $1m in the last six months of 2021, flat y-o-y