MARKET INTELLIGENCE

Seafood Trends

Published on March 10th, 2026

Calamari/Squid

Supply

Price

Key Drivers:
Limson supply remains strong despite overall market price elevation.

Outlook: Pricing remains elevated, but availability is secure.

Cod Alaskan Shatter Fillets 1x

Supply

Price

Key Drivers:
Seasonal labor shortages in Alaska have limited production for the new season.

Outlook: Limited supply will keep prices elevated.

Cod Atlantic Loins 2x

Supply

Price

Key Drivers:
Demand has trended downward year-over-year due to market pricing reaching historical highs.

Outlook: Supply is readily available, but high costs are impacting demand.

Cod Atlantic Shatter Fillets/Loins 1x

Supply

Price

Key Drivers:
Further quota cuts and a 10% tariff are elevating costs for Icelandic cod.

Newfoundland 4/5/6 oz loins are also seeing price increases despite slight quota growth.

Outlook: Pricing remains high due to strong demand in the EU and UK and limited supply.

Cod Pacific Loins 2x

Supply

Price

Key Drivers:
Pricing is elevated by a 10% tariff from China, significant quota cuts (20%+), and Russian sanctions.

Outlook: Limson maintains ample stock for the Lenten season despite high prices.

Snow Crab—Canadian

Supply

Price

Key Drivers:
Official reports indicate inventories will not last until the next fishery in April.

Many US importers are currently out of stock on most sizes except 8ozUps.

Outlook: Prices continue to climb steadily, particularly on the 5-8oz size.

Grouper—Asian

Supply

Price

Key Drivers:
Importers are struggling with new legalities related to 2026 NOAA laws.

Outlook: The market has tightened extremely quickly.

Haddock

Supply

Price

Key Drivers:
Costs are at historical highs due to a 10% tariff from China and Y-O-Y quota cuts.

Poor catches and higher demand in the EU are further tightening the market.

Outlook: Expect continued limited availability and high pricing.

Hake Fillets/Loins

Supply

Price

Key Drivers:
Most global supply is currently being diverted to the EU market.

Outlook: Limited US supply is keeping prices elevated.

Euro Lake Perch & Pike Perch

Supply

Price

Key Drivers:
Overall market stock appears ample for all sizes.

Outlook: Import tariffs are keeping prices slightly elevated despite steady supply.

Lake Fish Smelt

Supply

Price

Key Drivers:
Demand continues to significantly exceed current availability.

Outlook: The market will remain dry until full fishing efforts resume in April.

Lake Fish Walleye

Supply

Price

Key Drivers:
Limited inventories are available with nothing in surplus.

Outlook: Market conditions will remain tight until full fishing efforts restart in April.

Lake Fish White Perch

Supply

Price

Key Drivers:
Stock levels are currently ample across the market.The market currently has ample stock.

Outlook: The market is expected to maintain stability.

Lake Fish Yellow Perch

Supply

Price

Key Drivers:
Current market supplies are nearly exhausted.

Outlook: Expect a dry market until April when fishing efforts resume.

Lobster—NA Tails

Supply

Price

Key Drivers:
Strong holiday demand and a new Canada-China tariff deal are impacting availability.

Outlook: Prices are creeping up as inventories are unlikely to last until the next large fishery in May.

Lobster—NA Meats

Supply

Price

Key Drivers:
Market supply is drying up due to strong seasonal demand and shifts in international trade agreements.

Outlook: Expect tight supply and rising prices until the May fishery.

Mahi Mahi

Supply

Price

Key Drivers:
Asian offerings cannot meet US demand, and South America has concluded a very slow season.

Outlook: The market remains extremely tight with prices at historical highs and expected supply gaps.

Oysters, Mussels & Clams

Supply

Price

Key Drivers:
New 2026 season Gulf oysters and Canadian mussels are available with steady pricing.

Chilean mussels are short in supply, creating upward price pressure.

Outlook: Limson has good inventory and is working to keep pricing flat or only slightly elevated.

Pollock 1x

Supply

Price

Key Drivers:
Seasonal labor shortages in Alaska have limited production for the new season.

Pricing remains elevated due to production constraints.

Pollock 2x

Supply

Price

Key Drivers:
Supply currently meets demand, although underlying costs remain high due to tariffs and sanctions.

Outlook: Readily available supply is keeping the price trend steady.

Salmon (Farmed)—Chilean

Supply

Price

Key Drivers:
Overall market stock appears ample for current demand.

Outlook: Prices are slightly elevated due to tariffs but remain steady.

Salmon (Farmed)—Norwegian

Supply

Price

Key Drivers:
The market is tightening in supply, and a weak USD against the NOK is impacting costs.

Outlook: Expect elevated prices due to tariffs and tightening availability.

Scallops

Supply

Price

Key Drivers:
Japanese scallop pricing is rising due to 20-25% quota cuts.

A further US quota cut is guaranteed for 2026, marking the 6th consecutive year of decline.

Outlook: All pricing is creeping up due to shorter anticipated supply until the new season in late May 2026.

Shrimp Black Tiger

Supply

Price

Key Drivers:
Section 122 tariffs (10%) replaced previous IEEPA rates following a Feb 2026 Supreme Court ruling.

Availability is tightening as the market enters the off-season.

Outlook: Expect low supply and firm pricing through the first half of 2026.

Shrimp Domestic

Supply

Price

Key Drivers:
Gulf white and brown stocks remain at seasonal lows, while Florida pinks favor smaller counts.

Existing inventories are currently meeting demand.

Outlook: Upward price pressure is forecast for larger white headless shell-on as the May season opener approaches.

Shrimp White Imported

Supply

Price

Key Drivers:
Implementation of Section 122 rates has incentivized aggressive stocking ahead of the July 24, 2026 window.

Supply remains very tight from Indonesia and Ecuador.

Outlook: Increased supply is expected to eventually soften pricing, though Indian harvest delays are likely.

Swai

Supply

Price

Key Drivers:
Overall supply meets demand, but higher global market demand is driving cost increases.

Outlook: Smaller size fillets (3-5 oz) are currently tight.

Tilapia

Supply

Price

Key Drivers:
Overall market appears ample in stock with frozen inventories readily available.

Outlook: Market conditions are expected to remain stable.

Yellow Tuna/Swordfish

Supply

Price

Key Drivers:
Inbound tariffs are causing prices to creep up despite ample stock and readily available frozen inventories.

Outlook: Pricing is remaining firm or coming down slightly.

This comprehensive research empowers you to make informed business decisions. The information contained in this monthly market update is for informational purposes only. It represents our best estimates of commodity market conditions and is subject to change without notice. While we strive to provide accurate information, Gordon Food Service cannot guarantee the completeness or accuracy of the content. Any reliance you place on this information is strictly at your own risk.

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