US shrimp imports still gaining speed, see another big spike in February
For 33 out of the last 38 months the import of US shrimp showed year-on-year volume growth, but prices are still inching up, based on NOAA's latest update of trade data
Ocean Choice set to open $16m Canadian value-added plant in Q4, eyes EU move
The company plans to use the plant to launch value-added products from 15 species, including scallops, coldwater shrimp, redfish and Greenland halibut
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
Coldwater shrimp sector sees little impact from European conflict, still expects price increase
Sources largely expect prices to remain stable or to gradually climb until spring fishing in the Barents Sea begins, with the Russia-Ukraine conflict not expected to impact the markets
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
Canada warns inshore coldwater shrimp stock still ‘critical’
But FFAW-Unifor continues to call on DFO to reassess how it measures stocks and incorporate harvesters’ observations, insisting the picture is brighter than science suggests
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
Coldwater shrimp the stand-out as chilled fish continues to win at UK retail
The 'prawn cocktail' -- the biggest area of value-added fish and a Christmas favorite in the UK -- saw growth of 38.1% over the festive period, despite an 8% increase in price
January the ‘best month ever’ for Norwegian frozen cod exports
Cod and saithe were two of the biggest winners in a month which saw Norwegian seafood exports break value records even as wild-caught volumes fell
Sale process underway for $500m Canadian shellfish supplier
The company, which has a turnover of around $500 million and is highly profitable, has tasked Antarctica Advisors with running a sale process, sources told Undercurrent News