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Global seafood industry news · 1710 articles

Week 21 | Peruvian squid volume surge pressures market, prices continue to fall!

In Week 21 of 2025 (May 16–22), China's distant-water squid market continued its divergent pattern: Southeast Pacific (Peruvian) squid prices kept falling, Southwest Atlantic (Argentine) squid (offshore) prices held at high levels, and some Indian Ocean squid sizes saw notable price increases.

Violent Farming Exposed: Mowi Salmon Pulled from Retail Giants' Shelves!

Three major UK retailers—Tesco, Sainsbury's, and Waitrose—have suspended purchases from Mowi's Loch Harport farm on the Isle of Skye, Scotland, after undercover footage revealed over 18 alleged animal welfare violations. RSPCA Assured has suspended the farm's certification pending investigation, while Mowi claims the incidents involved only 12 weak fish and were intended to ensure rapid euthanasia.

US-China Tariff Window Reopens: Cod Prices Soar, Haddock Concerns Loom!

Following substantive progress in US-China trade talks in Geneva, international trade sentiment for whitefish products has quickly heated up, especially for whitefish processors in northern China who are seeing long-awaited market opportunities. Meanwhile, prices for Norwegian Atlantic cod are accelerating upward on the positive news, gradually climbing to multi-year highs.

Indian squid prices hit record high, European market supply remains tight!

Indian squid prices have broken historical records, with raw material purchase prices exceeding 500 Indian rupees/kg (about $5.85/kg) for the first time. Prices have risen 25%-30% year-on-year, reaching historic highs. With the west coast fishing season ending May 15 and not restarting until mid-August, supply will remain tight over the next three months, and international market prices may rise further. Some European buyers are turning to alternatives from Argentina, Brazil, and California, but Indian squid from the Arabian Sea and Bay of Bengal remains irreplaceable in Southern European markets due to its unique flavor and firm texture. Meanwhile, the Indian cuttlefish market remains relatively stable.

US and Canadian Lobster Exports Falter as Chinese Demand Drops, Triggering Price Collapse

In Week 19 of 2025 (May 5–11), the North American lobster market remained under pressure as new-season supply surged in Canada and the US while demand from key export market China fell sharply, driving live lobster and frozen tail prices down. Live lobster prices dropped about $1/lb week-on-week, with smaller sizes falling further. China's 25% tariff on Canadian lobster and even higher duties on US lobster—though set to drop to 50% on May 14—have nearly halted US lobster exports to China. Canada's export volumes have fallen year-on-year, and other Asian markets have not absorbed the shortfall; Europe is seen as too limited to fill the gap. Frozen lobster tails, especially 3–4 oz and 4–5 oz sizes, also face price pressure as sellers rush to clear old inventory. In 2024, Canada and the US exported a combined 24,270 tonnes of live lobster to China worth $501 million—Canada about 16,000 tonnes and the US 8,280 tonnes—already a marked decline from 2023. Some exporters are adjusting with more flexible pricing for China, and if high tariffs persist, more lobster will go to North American processing plants and domestic sales.

Week 21 | Peruvian squid volume surge pressures market, prices continue to fall!

In Week 21 of 2025 (May 16–22), China's distant-water squid market continued its divergent pattern: Southeast Pacific (Peruvian) squid prices kept falling, Southwest Atlantic (Argentine) squid (offshore) prices held at high levels, and some Indian Ocean squid sizes saw notable price increases.

Violent Farming Exposed: Mowi Salmon Pulled from Retail Giants' Shelves!

Three major UK retailers—Tesco, Sainsbury's, and Waitrose—have suspended purchases from Mowi's Loch Harport farm on the Isle of Skye, Scotland, after undercover footage revealed over 18 alleged animal welfare violations. RSPCA Assured has suspended the farm's certification pending investigation, while Mowi claims the incidents involved only 12 weak fish and were intended to ensure rapid euthanasia.

US-China Tariff Window Reopens: Cod Prices Soar, Haddock Concerns Loom!

Following substantive progress in US-China trade talks in Geneva, international trade sentiment for whitefish products has quickly heated up, especially for whitefish processors in northern China who are seeing long-awaited market opportunities. Meanwhile, prices for Norwegian Atlantic cod are accelerating upward on the positive news, gradually climbing to multi-year highs.

Indian squid prices hit record high, European market supply remains tight!

Indian squid prices have broken historical records, with raw material purchase prices exceeding 500 Indian rupees/kg (about $5.85/kg) for the first time. Prices have risen 25%-30% year-on-year, reaching historic highs. With the west coast fishing season ending May 15 and not restarting until mid-August, supply will remain tight over the next three months, and international market prices may rise further. Some European buyers are turning to alternatives from Argentina, Brazil, and California, but Indian squid from the Arabian Sea and Bay of Bengal remains irreplaceable in Southern European markets due to its unique flavor and firm texture. Meanwhile, the Indian cuttlefish market remains relatively stable.

US and Canadian Lobster Exports Falter as Chinese Demand Drops, Triggering Price Collapse

In Week 19 of 2025 (May 5–11), the North American lobster market remained under pressure as new-season supply surged in Canada and the US while demand from key export market China fell sharply, driving live lobster and frozen tail prices down. Live lobster prices dropped about $1/lb week-on-week, with smaller sizes falling further. China's 25% tariff on Canadian lobster and even higher duties on US lobster—though set to drop to 50% on May 14—have nearly halted US lobster exports to China. Canada's export volumes have fallen year-on-year, and other Asian markets have not absorbed the shortfall; Europe is seen as too limited to fill the gap. Frozen lobster tails, especially 3–4 oz and 4–5 oz sizes, also face price pressure as sellers rush to clear old inventory. In 2024, Canada and the US exported a combined 24,270 tonnes of live lobster to China worth $501 million—Canada about 16,000 tonnes and the US 8,280 tonnes—already a marked decline from 2023. Some exporters are adjusting with more flexible pricing for China, and if high tariffs persist, more lobster will go to North American processing plants and domestic sales.

China's Distant-Water Squid Price Index Continued to Rise at a Slower Pace in April, Multiple Factors May Affect May Trends!

In April 2025, China's distant-water squid price index continued its overall upward trend but at a notably slower pace. The monthly index hit a record high of 287.32 points, up 1.51% month-on-month, though the gain narrowed by 6.21 percentage points from the previous period. By sea area, three regions rose and one fell: the Southeast Pacific, Southwest Atlantic, and Northwest Pacific all gained, while the Indian Ocean edged down. Looking ahead to May, the market is expected to maintain a "ample supply + weak demand" pattern with high-level fluctuations, as Argentina, the Falkland Islands, and Peru remain key variables.