Editor's Picks: Retail seafood brands losing loyalty, salmon farms face a hotter future, putting Greenland fisheries on the map

Hello folks --

The Scottish salmon farming industry was spared from record-breaking UK temperatures, but the increasing number of climate related losses in the sector in recent years means there's no cause to celebrate.

'Seafood has gained while others have lost': Wells Fargo analysts say the industry will weather climate change, recession better than other proteins

Read more

In fact, this Norwegian expert calls the rising temperatures -- both in the air and in the water -- "the new normal."

We discussed what the seafood industry needs to do to begin preparing in earnest for climate change on the latest edition of the IntraFish Podcast (which you can also listen to below).

A close call

Land-based aquaculture dodged a bullet last week with news that the small town of Jonesport, Maine would not institute a moratorium that would have stalled the process of building a yellowtail kingfish farm in the city.

The Kingfish Company, a Dutch-based group, celebrated the "overwhelming local support" as the moratorium proposal was rejected by 201 to 91 votes last Wednesday.

Abrandon ship?

Bad pun aside, retail sales are looking rough for seafood, but not all segments are created equal. One category that is doing well (and one which seafood plays a significant role in), is the private label or store brand segment.

In the same vein, retailers that specialize in store brands (such as Lidl and Aldi, which owns Trader Joe's) are gaining market share.

And despite its inflationary challenges, seafood is positioned much better than its land-based protein counterparts, according to analysts at US lending giant Wells Fargo.

In focus

Greenland is a country full of mystique, but it's typically in the headlines for its melting glaciers. The largest company in the country, Royal Greenland, has a lot more to talk about. Meet the new 45-year-old chairman of the group, and read about her ambitious plans.

Also don't miss:

• Samherji doubles profit, raises cost of land-based salmon farming project to $440 million
• 'Many of us are licking our wounds': Slide in Norway farmed salmon prices continues
• Sorting out which Russian fish will face UK tariffs is complicated. Here is the latest guidance.
• Norway king crab prices have doubled since last year, and buyers may be pushing back

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

A challenge for you: Try to find any significant company in seafood we haven't written about in our archive. It's far and away the world's largest archive of seafood news, with nearly 200,000 articles stretching back over two decades.

You can also keep up with us via the IntraFish App. It's a handy way to get your seafood news on the go.

Have a great week.