Cliff White is the executive editor of SeafoodSource. He has 15 years of experience as a professional journalist, including serving as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
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Snow crab selling for as little as USD 5.99 (EUR 5.48) per pound helped clear a glut in inventory and served as a loss leader for U.S. supermarkets in 2023, according to Direct Source Seafood CEO Roman Tkachenko.
Snow crab prices sunk to historic lows in 2023, even though the snow crab fishery in the U.S. state of Alaska was closed and it became more difficult to bring Russian product into the U.S. due to sanctions stemming from the invasion of
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A controversial escrow rule put in effect by the government of Indonesia in August 2023 has taken a bite out of the country’s pasteurized crabmeat exports.
The regulation requires exporters sending cargo with a value of USD 250,000 (EUR 232,000) or more to deposit at least 30 percent of their earnings in a special bank account controlled by the Indonesian government for a minimum of three months. The government’s justification for
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Falling inflation could improve net demand, portending better seafood sales in 2024, according to Bank of America Managing Director and Chief Investment Office Macro Strategy Head Tim McGee.
Speaking at the 2024 Global Seafood Market Conference, taking place in Orlando, Florida, U.S.A. from 23 to 25 January, McGee said election-year economic moves by the administration of U.S. President Joe Biden and by the U.S. Federal Reserve focused on
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The recent expansion of the U.S. ban on Russian seafood has deepened a divide that has split the U.S. industry into opposing camps: those who support the prohibition and those who oppose it.
The tensions, which have spilled over via proxies onto the floor of the U.S. Senate and divided the U.S. industry's largest trade group – the National Fisheries Institute (NFI) – are the byproduct of an important and rigorous debate, according to
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Teaneck, New Jersey, U.S.A.-based Eastern Fish Company has been forced to make adjustments following Marubeni’s sale of North Pacific Seafoods in 2021, according to Eric Bloom, the company’s president and COO.
Marubeni, a Tokyo, Japan-based conglomerate, which reported USD 68 billion (EUR 62.4 billion) in sales and USD 4 billion (EUR 3.7 billion) in profit in 2022, acquired Eastern Fish in 2014 with the goal of strengthening its
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Seattle, Washington, U.S.A.-based Trident Seafoods has terminated its membership in the National Fisheries Institute – the largest seafood industry trade group in the U.S. – and ended its participation in NFI’s Executive Committee.
In a 17 January 2024 statement, Trident said the decision was in response to a disagreement with NFI on the lalter organization's support for the U.S. government to continue allowing the
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Ruggiero Seafood has decided to cut ties with the Chishan Group – a seafood processing company based in China that has been tied to the use of forced labor involving members of the Uyghur ethnic minority group.
The Newark, New Jersey, U.S.A.-based supplier, which sells products under its Fisherman’s Pride brand, was named in an Outlaw Ocean Project investigation as sourcing from Chishan subsidiary Rongcheng Haibo.
The Chishan Group
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Seafood industry veterans Randy Rhodes and Dana Bartholomew are teaming up to launch a new consulting partnership.
Rhodes, the owner of the newly created Warrior Food Solutions, and Bartholomew, the owner of Sustainable Food Solutions, have combined forces to offer expertise to clients on seafood sales, sales networking and structure, distribution, aquaculture, sustainability and traceability, logistics, and global relationships, they said in a
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Thai Union plans to divest from its minority share of the Red Lobster seafood restaurant chain.
In a corporate announcement, Thai Union said its board of directors decided in a board meeting on Tuesday, 16 January to pursue an exit from its strategic partnership and minority investment in Red Lobster Master Holdings, which it has held since 2016.
Samut Sakhon, Thailand-based Thai Union is one of the largest seafood companies in the world. It
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