Daily recap: US wholesale price assessments for week 9; Trump sparks confusion on tariff delay

Here's a recap of the top daily seafood stories from Wednesday, Feb. 26.

• US wholesale: Tariffs lead tilapia, catfish higher, cold water lobster tails lower on inventory pressure

Undercurrent News' week nine (Feb. 24-March 2) US wholesale price assessments for various key commodities are available on our new platform.

• Trump sows confusion with comments indicating further delay of Canada, Mexico tariffs

US president Donald Trump sowed confusion during his first cabinet meeting on Wednesday (Feb. 26), saying something to suggest his promised tariffs on Canada and Mexico will be delayed for another month.?But confidence about what he meant with his comments is lacking.

• High Liner doubles down on Norwegian cod, salmon farming investments

Canada's High Liner Foods is investing further in Norwegian cod farming and a land-based salmon project in the Nordic country.?

• Maruha Nichiro merges Alaska pollock subsidiaries amid market challenges

Japan's Maruha Nichiro, the world's largest seafood company, has consolidated two of its Dutch Harbor, Alaska-based subsidiaries engaged in pollock procurement and processing, the company announced Wednesday.

• Barents Sea cod recruitment 'low but not terrible', stabilization expected

The Barents Sea cod fishery, the world's largest, is experiencing "low but not terrible" recruitment levels and should stabilize based on latest assessments, a fisheries scientist told industry professionals on Tuesday.

• Santa Priscila, Songa lead Ecuador's shrimp exports as industry endures tough year

Ecuador's shrimp industry remains a cornerstone of the country's economy, with Pesquera Santa Priscila and Songa leading the charge in 2024.

• Russian processor again contends $23m fine levied by gov't

A seafood processor in the Russian Far East has again appealed a fine levied by the government, this time to the Russian Supreme Court, in a legal dispute with fishery agency Rosrybolovstvo.

• Portuguese retailer joins High Liner in backing second phase of Andfjord flow-through salmon expansion

An arm of Portuguese retailer Jeronimo Martins has joined Canada's High Liner Foods in re-investing in Norwegian flow-through project Andfjord Salmon Group, which is seeking to raise NOK 600 million to NOK 650m ($54m-$58m) in a private placement to finance the second phase of its expansion.