Daily recap: Vietnam shrimp extend price gains; Avramar sale should finalize in Q1

Here's a recap of the top daily seafood stories from Tuesday, Dec. 17.

• Week 51 farm-gate shrimp roundup: Vietnam extends gains as Asian prices diverge

Vietnamese farm-gate shrimp prices continued their upward trajectory in week 50 (Dec. 9-15), bucking a broader trend of flat or softening in other major producing regions, according to price data from Undercurrent News.

• Avramar sale should finalize in Q1, ties with Spanish ops to be maintained

The United Arab Emirates-based firm Aqua Bridge Group is in advanced negotiations to acquire seabass and seabream farmer Avramar's Greek assets, with a deal expected to be finalized early next year, sources familiar with the process told Undercurrent on Dec. 17.

• Indonesia's eFishery suspends CEO, exec over financial investigation

Indonesian unicorn startup eFishery has temporarily suspended CEO Gibran Huzaifah and chief product officer Chrisna Aditya, both co-founders of the company, reports the Jakarta Globe.

• Canada cuts offshore scallop quota 39%, contributes further to coming world shortage

The world's future scallop supply keeps shrinking, and the latest news coming out of Atlantic Canada only contributes to the bleak outlook.

• Skipjack tuna prices show signs of decline in Bangkok

Bangkok, Thailand -- a major hub for tuna processing -- has not seen skipjack prices for delivery in December increase month-on-month as previously expected, and various industry sources reported a slightly bearish trend for the current month.

• After vetoing state funding, Alaska governor now wants $10m for seafood marketing

With the stroke of his veto pen, the governor of the US state of Alaska has had an apparent change of heart after blocking $10 million in funding for the Alaska State Marketing Institute.

• Ecuador shrimp sector hopes for recovery with price gains, strong year-end forecast

Ecuador's shrimp farming industry is grappling with several hurdles as it heads toward the close of 2024, Gabriel Luna, Ecuadorian shrimp farmer and owner of GLunaShrimp, said on the latest The Shrimp Cast episode. 

• Canadian aquaculture group accuses US of fueling activism against Newfoundland marine sanctuary

US-funded environmental activists are undermining Newfoundland and Labrador's fishing and aquaculture industries through their support for the proposed South Coast Fjords marine sanctuary, the Newfoundland Aquaculture Industry Association claimed in a statement on Monday (Dec. 16).