Clearwater’s resource access is ‘nice’ inflation hedge for Premium
'As a harvester, they benefit from inflation because their harvesting costs tend to be relatively fixed. So that gives us a nice hedge as well with regards to runaway inflation' -- George Paleologue
Biden to ban import of Russian seafood, seek to strip ‘most favored nation’ status
US president Joe Biden announced Friday that he will ban the import of Russian seafood while simultaneously pursuing removal of Russia's 'most favored nation' status
Norway salmon prices tumble, while Chilean, Scottish fairly stable
Market turmoil is causing Norwegian salmon prices to fall; for the time being, Chilean and Scottish do not seem to be succumbing to the pressure
Daley’s PE owner eyes more shellfish M&A, taps RBC to run sale process
The US PE backer of Canadian shellfish processor Daley is looking at more add-on acquisitions but also planning to run a sale process for the company later in the year
Skipjack prices on rise in Bangkok, Manta
Prices for skipjack tuna raw material delivered to the Thai capital Bangkok are on the increase for March, as are ex-vessel prices in Manta, Ecuador, the major hub in ETP
Russian fisheries in danger of losing MSC label over auditor group’s decision
'While respecting our contractual obligations with [conformity assessment bodies] and scheme owners, ASI will limit its activities in Russia where possible'
Alaska guv wants ban on Russian seafood imports
Many US seafood importers oppose the measure, fearing that it could put further strain on their businesses
Its sales, earnings shoot up in 2021, but Premium stays mum on C&E talks
Premium Brands Holdings has acquired three companies selling everything from pizzas to sandwiches. But the seafood-hungry company announced no deals in the sector this time
Listeria, filth allegations prompt federal effort to close US processor
Inspectors found Listeria monocytogenes where workers prepared seafood, including fish jerky and cold- and hot-smoked salmon, in inspections last year and in 2018
Blue Harvest, Channel Fish divvy up $25m USDA groundfish purchase
The USDA is awarding $25 million in contracts for some 100,800 combined cases of Atlantic pollock and other groundfish