ANALYSIS: US Salmon Imports from Iceland Surge in Early 2025; Outpace Prior Year Volumes

U.S. salmon imports from Iceland show a significant upward shift during the first half of 2025 compared to the same period in 2024. The data reveals imports through June 2025 reached 6.36 million pounds, already almost half the volume imported during all of 2024 (13.24 million pounds). Notably, each month in 2025 so far has outpaced corresponding 2024 figures by a wide margin—January and February imports more than doubled year-over-year. April, May, and June 2025 also saw sustained strength, importing roughly...

Beaver Street Fisheries Recalls Walmart’s Great Value Shrimp Products Following FDA Advisory

Beaver Street Fisheries recalled Great Value brand frozen raw shrimp as a precautionary measure following the recent US Food and Drug Administration (FDA) advisory that warned the public not to consume certain shrimp products due to concerns over Cesium-137 (Cs-137) contamination.

The Florida-based company said the Walmart Great Value brand Frozen Raw Shrimp EZ-Peel & Deveined Tail-On 21-25 Per lb. products were distributed in AL, AR, FL, GA, KY, LA, MO, MS, OH, OK, PA, TX, and...

Fraser River Salmon Return Now at 9.1 Million Sockeye, 27M Pink Salmon

No one yet knows why, but the predicted return of sockeye salmon in British Columbia’s Fraser River rose from 2.94 million in early July to 10.2 million sockeye on Tuesday, August 19, and is now down to 9.1 million as of last Friday, August 22. This is the largest return to the Fraser, which has historically been Canada’s most productive watershed, since 2018. 

Catches as of August 22 for the Fraser alone are 651,626 sockeye landed in Canada and 298,587 sockeye landed in the US. Of those, US...

USDA Picks Silver Bay for Canned Salmon Contract

Silver Bay Seafoods won a US Department of Agriculture (USDA) contract for 100 metric tons of canned pink salmon for $877,000.

The product will be destined for Sri Lanka via the McGovern-Dole International Food for Education and Child Nutrition Program that supports education, child development, and food security in low-income, food-deficient countries around the globe.

The rest of the contract included corn-soy blend, lentils, vegetable oil and rice to go along with the canned salmon...

BJ’s Wholesale Club Reports Q2 Results with Membership Growth and Strong Digital Sales

BJ's Wholesale Club Holdings has announced its financial results for the second quarter, highlighting both strengths and areas of softness in its performance.

"Our business model continues to perform and build upon momentum, as we grow membership and gain market share even in a dynamic environment. We enter the back half of the year on solid footing and confident in our ability to deliver strong results," said Bob Eddy, Chairman and CEO of BJ’s Wholesale Club. “We are on a powerful trajectory and our...

New US-EU Trade Agreement Removes Tariffs on US Seafood, Lobster

The United States and European Union unveiled a new trade agreement on August 21 that will eliminate EU tariffs on US industrial goods, including seafood, and expand market access for American seafood, agriculture and lobster products.

The deal will see the European Union eliminate all tariffs on US industrial goods and provide “preferential” market access to a “wide range” of US Seafood and agricultural goods. The statement also said the framework included an extension of a deal, which expired on July 31, that eliminated EU tariffs on US...

SalMar’s Second Quarter Hurt By Lower Salmon Prices, Boosts Harvest Outlook

Norwegian salmon farmer SalMar said lower market prices impacted its second-quarter financial results compared to the same time last year.

According to SalMar, the price of salmon averaged NOK 73.1 per kg ($7.17/kg), down from NOK 110.9 per kg in the second quarter of 2024.

The company noted that its farming segments in Norway experienced good biological developments during the quarter, notably in Northern Norway. “But the share of downgrades affects the price achievement in the period, especially in the Central Norway segment...

Chilean Salmon Council Strengthens Ties With Australian Retailers and Importers

The Chilean Salmon Council (Consejo Del Salmon) held a two-day visit to Australia as it looks to boost the presence of Chilean salmon in one of the largest consumption markets in the world.

The council, which partners with some of the major salmon farmers like Australis Seafoods, Cermaq and Mowi, met with retailers, importers and authorities to discuss trade and sustainability.

Pablo Barahona, International Director of the Salmon Council, accompanied by Juan Pablo Julio, Director of ProChile in Australia, visited top retailers Woolworths, Coles, and ALDI...

Large Contract Signed at the Aqua Nor: Pure Salmon Building a New Facility in Japan

Cflow has signed a substantial contract with the aquaculture company Pure Salmon and is set to deliver a complete fish handling system for a new land based facility being constructed in Japan.

CEO of Pure Salmon, Per Ivar Foshaug, and VP Sales at Cflow, Gunn-Marit Nerem, signed the contract on the second day of the exhibition. Consequently, Cflow has secured the delivery of a tailor-made fish handling system for the six buildings of the facility...

Canada Drops Most Retaliatory Tariffs on US Goods

Canadian Prime Minister Mark Carney announced on August 22 that Canada will drop most retaliatory tariffs on US products, with the changes taking effect September 1. Carney clarified during a press conference that tariffs on US autos, steel, and aluminum will remain for now, but asserted that Canada now holds the best trade deal of all US trading partners.

Under the new policy, tariffs on US goods will be lifted if the products are exempt under the United States-Mexico-Canada Agreement (USMCA)...

Japanese Seafood Businesses Skeptical that Exports to China Will Return to Form

At the end of June, the Chinese government announced that it would lift the ban on Japanese seafood that had been in place since 2023. Japanese businesses are making various preparations for the resumption of exports to China, marking the first such move in nearly two years. However, over the past two years, country risks have become apparent, and sales channels have diversified beyond China. Some businesses are skeptical that exports to China will regain their former popularity, reported Minato Shimbun. 

China was once a central processing...

Senators Push Commerce Secretary to Act Against Chinese IUU Fishing

US Senators Rick Scott (R-FL) and Katie Britt (R-AL) penned a letter to US Commerce Secretary Howard Lutnick to push the department to take action against Chinese illegal, unreported, and unregulated (IUU) fishing.

The senators said China, one of the largest seafood exporters to the US, “has turned IUU fishing into a weapon to undermine U.S. workers, threaten America's national security, devastate the US environment, and perpetuate gross human rights abuses - including the use of forced and child labor, human trafficking, and dangerous working conditions that claim...

Tariff Talks 2025: Expana's Weekly Rundown #23

Expana’s global team of specialist reporters has been tracking every twist and turn in the fluid tariff situation.

Click to read "Tariff Talks 2025: Expana's Weekly Rundown #23."

This report allows the Expana community to see where key commodity markets stand as of this past week... Click the above PDF report, or keep scrolling to read in plain text.

...

This week, tariff news took a bit of a backseat to US President Trump’s dealings with Russian President Putin in Alaska—along with President Trump’s meeting with many European leaders...

Southwind Foods Recalls Frozen Shrimp Amid Radioactive Cs-137 Investigation

Carson, California-based Southwind Foods voluntarily recalled frozen shrimp products linked to the recent concerns over Cesium-137 (Cs-137) radioactive contamination on August 21.

The bagged, frozen shrimp products were distributed between July 17 and August 8 to retailers, distributors and wholesalers in Alabama, Arizona, California, Massachusetts, Minnesota, Pennsylvania, Utah, Virginia, and Washington state.

Impacted products included Best Yet cooked frozen shrimp, Sand Bar raw frozen shrimp, Arctic Shores cooked frozen shrimp, Great American Seafood Imports frozen shrimp and First Street frozen raw shrimp...

Atlantic Sapphire CEO Announces Clear Line of Sight to Profitability

The CEO of land-based salmon farmer Atlantic Sapphire said the company has a “clear line of sight to profitability” in the company’s H1 2025 operational and financial update on August 20.

The company, known for its Bluehouse land-raised salmon farming method, said it harvested 2,486 tons (HOG) in the first half of 2025, up from 2,384 tons in H1 2024. Harvest weights almost doubled compared to the same period last year, reaching 2.86kg in H1 2025 and 3.1 kg in Q2 2025...

Study Shows Kelp Forests in MPAs Demonstrate Marine Heat Wave Resiliency

Anyone fishing off the U.S. West Coast, California in particular, is aware of the controversial nature of the use of marine protected areas. They help protect habitats but also limit access to productive areas and their use to aid in some species’ recoveries is questionable.  

But new research shows MPAs can help with kelp forests and keep some of the nearshore habitats resilient during times of stress. 

Using four decades of satellite images, University of California-Los Angeles researchers looked at the impact MPAs are having on kelp forests...

SuperKim Crab House Joins Searchlight Pictures’ The Roses Crab Shack Pop-Up Tour

This summer, Searchlight Pictures’ The Roses takes audiences inside a marriage where love and ambition collide, and every dinner table becomes a stage for rivalry. From August 22–24, that story will spill off the screen and onto the plates of Seattle when SuperKim Crab House hosts the city’s stop on The Roses Crab Shack Pop-Up Tour.

The dark comedy, directed by Jay Roach (Meet the Parents) and written by Tony McNamara (Poor Things), stars Benedict Cumberbatch and Olivia Colman as Theo and Ivy Rose...