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BAN ON RUSSIAN POLLOCK AND COD
After months of uncertainty and a sharp increase in imports of pollock and cod from Russia, the European Union decided not to include these products in the latest package of sanctions against Russia due to pressure from the European processing industry.
Since the start of the invasion of Ukraine, the EU has progressively expanded economic and trade sanctions against Russia, including various restrictions affecting the fishing sector. However, on this occasion, EU institutions have chosen to exempt two of the most important products for the food industry from the sanctions due to the sector’s high dependence on them.
Russia remains one of the leading suppliers of cod and, especially, pollock in blocks, an essential raw material for the production of mass-market products such as fish sticks. Replacing these volumes in the short term would be challenging and could create tensions in the raw material supply chain, as well as higher costs for the industry and, potentially, for consumers.
NORWEGIAN MACKEREL: RISING PRICES
The gradual reduction in mackerel catch quotas in Norway is creating significant strain in the international market, driving a widespread increase in prices not only for Norwegian-sourced mackerel but also for mackerel from other sources such as China, South Korea, and South America.
Over the past three years, Norway’s mackerel catch quota has declined significantly, falling from 215,000 tonnes in 2024 to 165,000 tonnes in 2025 and further decreasing to 79,000 tonnes in 2026. This decline in supply has led to a growing shortage of the product on the market and a significant rise in prices. As a result, the average price of Norwegian mackerel has increased from 2.44 USD/kg in 2024 to 2.80 USD/kg in 2025, reaching 4.65 USD/kg in 2026.
The pressure on supply is having a direct impact on international markets. Faced with difficulties in securing supplies and the sharp rise in prices, South Korea has announced that it will send a joint public-private delegation to Norway, the United Kingdom, and the Faroe Islands to negotiate new sources of supply and secure mackerel imports for the coming months.
GIANT SQUID FISHING SUSPENDED
PRODUCE, Peru’s Ministry of Production, has suspended fishing for giant squid (Dosidicus gigas) effective as from 18th July.
The Peruvian government has adopted this measure due to the warming of the Pacific Ocean and the return of the El Niño phenomenon, factors that are altering the distribution of giant squid biomass in Peruvian waters, driving the species to greater depths and new fishing areas.
The suspension affects artisanal fishing vessels with hold capacities ranging from 10 to 32.6 cubic meters. At this time, it is unknown when fishing operations in Peruvian waters will be able to resume, which requires a commercial reevaluation by all companies involved in this species and its byproducts.
Seafood Expo Global 2026
Once again, Interatlantic took part in the Seafood Expo Global in Barcelona with its own stand, where we welcomed hundreds of clients and suppliers, strengthening international relationships and opening up new business opportunities.
The 32nd edition broke records, with more than 2,300 companies from 86 countries and over 35,500 industry professionals in attendance, consolidating its position as the world’s leading event for the seafood sector.
New Meeting in Qingdao
Interatlantic had the pleasure of taking part in the China Fisheries & Seafood Expo 2025, held from October 29 to 31 in Qingdao, the most important event in the fisheries and aquaculture sector in Asia. In this edition, together with Peruvian Sea Food (our plant in Paita), we were part of the Peruvian delegation, which promoted the presence of national exporting companies under the leadership of PROMPERÚ.
INTER PARTY – CONXEMAR 2025
This October, on the occasion of Conxemar 2025, Interatlantic held its annual party in Vigo, our headquarters, drawing together customers, suppliers and companies from all over the world.
Conxemar is an international meeting point for the frozen fish sector. The exhibition promotes innovation, sets trends in seafood and logistics, and consolidates Vigo as the world frozen food capital.
It was an ideal occasion to meet again, to strengthen relationships with our customers, suppliers and collaborators. See you next year!
Record-Breaking Edition in Barcelona
Interatlantic was present at the 2025 Seafood Expo Global in Barcelona. Hundreds of clients and suppliers visited us at our stand during a record-breaking event that brought together more than 35,000 international professionals from the sector.
More than 2,000 exhibiting companies from 87 countries consolidated this edition as one of the world’s largest seafood trade fairs.