Daily recap: Live from CFSE; P&P-backed Dutch processor closes; Canadian processor group in fight with Royal Greenland
Here's a recap of the top daily seafood stories from Thursday, Oct. 31:
Undercurrent News is reporting live from this year's China Fisheries and Seafood Exhibition from Oct. 30-Nov. 1, 2024, held at the Hongdao International Convention and Exhibition Center in Qingdao, China.
A processor owned by Dutch seafood giant Parlevliet and Van der Plas has closed, with its manager citing high salmon prices as a key factor in its demise.
A fight over efforts to pay snow crab harvesters agreed-upon bonuses for better-than-expected market conditions has turned divisive in the group that represents processors in the Canadian province of Newfoundland and Labrador.
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A deal for the sale of Avramar, Greece's largest aquaculture company, is set to be announced by mid-November, according to sources.
Landing prices jumped last week for mid-sized Atlantic scallops (Placopecten magellanicus) at the New Bedford, Massachusetts, seafood auction, but good luck trying to find them.
Russian pink salmon prices have surged to $4.20-$4.50 per kilogram for headed and gutted product, more than double last year's levels, as catches have fallen to about two-thirds of the pace of 2023's record harvest, industry sources told Undercurrent.
Undercurrent is proposing the implementation of weekly US wholesale price reporting for the groundfish market. We are gathering industry participant feedback to ensure these assessments align with market needs.