Editor’s choice: Russia sanctions would ‘devastate both sides’; PE puts US lobster firm up for sale
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Ecuador diverts Russia-bound shrimp to safer ports
The Ecuadorian shrimp sector plans to divert export containers bound to Russia to other ports until the market can be reached safely
Norway, Scottish salmon prices dip while Chile’s keep rising in week nine
There appears to have been a small price correction in Norway as a result of Russia's invasion of Ukraine, but prices remain historically high as the supply shortage continues
Shrimp Insights: Ecuador carved out top spot for US shell-on imports in 2021
Although it continues to lag behind India in terms of total sales volumes, Ecuador's shrimp exporters supplied 37% of all the US' shell-on shrimp last year
High prices, volumes, overcome cost levels as Camanchaca makes Q4 profit
Production costs were up 15% y-o-y due to the continued harvesting of fish from sites affected by algae blooms, but sales of inventories at high prices meant strong results
Trade insights: Ecuador shrimp exports off to strong start in 2022
Gorjan Nikolik of Dutch agribank Rabobank told Undercurrent Ecuador owes much of its success to its unique low-intensity, vertically integrated production model
US importer, Brazil exporter team up for tuna FIP
Prime Seafood, Sea Delight, and the IPNLF are cooperating on a fishery improvement project covering 87 vessels landing in northeastern Brazil
Stand-out red shrimp sales push Argentinian seafood exports up 15% in 2021
Argentina's seafood exports rose by 3.2% in volume and 15% in value to a total of 515,250t worth $1.99bn, thanks to significant y-o-y increases in shrimp and hake sales
Pangasius prices for US climb strongly in January, ease for China
Most markets saw a gentle increase in export price for Vietnamese pangasius in January, but the US saw a hike while China saw a decline
Mowi ‘very optimistic’ about 2022 salmon markets amid global supply constraints
The company's price achievement in Q4 was hampered by size distribution, quality downgrading in Norway, and challenging biology in Canada East