Hello folks -- I've been traveling for both work and holidays lately, but that doesn't mean I haven't spent a fair share of time in the seafood aisle at retailers.

From Rema 1000 to Monoprix to Tesco to Albertson's, one thing is certain: prices are reaching levels that (surely?) consumers will begin pushing back on.

In one sign of that, a "brutal" correction took place in farmed salmon prices this week, with average spot prices declining around NOK 15 (€1.46/$1.47) per kilogram.

This graph shows the trend, but note that while prices are down, they have a long way to go before hitting last year's levels.

Salmon prices have corrected, but that doesn't mean they are cheap. Photo: IntraFish.com

We've seen the increases in cod prices tank fish finger sales at UK retail, and the US market is showing a troubling reversal of pandemic-era gains.

A record-breaking Bristol Bay sockeye salmon run comes as a welcome relief to the supply chain, but don't forget that the flood of fish that comes into processing plants in the region are not all going into fresh fillets. In fact, the faster the fish come, the more likely they are to go into less-desirable formats (read: cans).


We're still digesting the implications of the new push against aquaculture in Maine, and the land-based farming industry in particular. Many in the aquaculture world, naturally, are puzzled as to why a state with such a rich maritime heritage would resist any development of its commercial seafood sector.

The future is in farming in the long term, but for now, Maine residents want to stay with what they know. Photo: Shutterstock

But it's yet another example of the high-wire act any aquaculture development has to walk, particularly in rural communities suspicious of outsiders.

Land-based aquaculture, which doesn't carry the baggage of the netpen salmon farming industry, seemed like it was making headway in the state, but suddenly the future is unclear.

My colleague John Fiorillo gave a hot take on what he calls a move "from dream to disaster" in this must-read commentary.

Join the IntraFish Seafood Investor Forum in London
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Seafood mergers, acquisitions and deals aren't taking a vacation this summer, and top analysts say there is much more to come. In the past month alone, we've seen activity around the globe:

You can be first to know when a deal breaks, by the way, by bookmarking our page or setting up an Alert.


I can't fit all our great work into one easily digestible round-up, so make sure you visit our Home Page for a run down of all the latest seafood, aquaculture and fisheries news and analysis.

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Have a great week.