MARKET INTELLIGENCE

Seafood Trends

Published on October 30, 2026

Calamari/Squid

Supply

Price

Key Drivers:
Pricing remains elevated due to lower supply within the squid category and transitioning off business.

Outlook: Limson has one SKU remaining to work through as business transitions.

Cod Alaskan Shatter Fillets 1x

Supply

Price

Key Drivers:
Seasonal labor shortages in Alaska have limited new season production and kept prices elevated.

Outlook: Very little supply is expected, and available product will come at significant costs.

Cod Atlantic Loins 2x

Supply

Price

Key Drivers:
The removal of Russian origin product continues to keep prices high despite good internal supply levels.

Outlook: Pricing is rising slightly; no dip is expected given the middling global supply.

Cod Atlantic Shatter Fillets/Loins 1x

Supply

Price

Key Drivers:
Icelandic cod remains elevated due to quota cuts, a 10% tariff, and strong demand in the EU and UK.

Outlook: Newfoundland loins are also elevated despite a slight quota increase.

Cod Pacific Loins 2x

Supply

Price

Key Drivers:
A 12.5% tariff from China (increased 7/24/26) and a 20%+ Y-O-Y quota cut are tightening the market.

Outlook: Demand remains strong and supply is consistent with elevated pricing.

Snow Crab—Canadian

Supply

Price

Key Drivers:
Inventories remain available, but the fishing season is over. Prices have stayed steady recently.

Outlook: There is an opportunity for buys now before the holiday demand surge.

Grouper—Asian

Supply

Price

Key Drivers:
Overall grouper supply is keeping up with demand again for the time being.

Outlook: Limson is well stocked on all three fillet size offerings.

Haddock

Supply

Price

Key Drivers:
Costs are at historical highs due to a 12.5% tariff from China and poor catch meeting high EU demand.

Outlook: Expect domestic demand to increase alongside historically high costs.

Hake Fillets/Loins

Supply

Price

Key Drivers:
Limited supply remains as most product is diverted to the EU market where demand is stronger.

Outlook: US market demand remains weak, but pricing is elevated due to supply constraints.

Euro Lake Perch & Pike Perch

Supply

Price

Key Drivers:
The market is ample for all sizes of pike perch/zander, and Euro lake perch is readily available again.

Outlook: These will be good price fighters against Great Lakes fish offerings.

Lake Fish White Fish

Supply

Price

Key Drivers:
The 2026 harvest has been very challenging, leaving processors tight on frozen supply.

Outlook: Inventories are available for now, but doubt they will last until the 2027 fishery.

Lake Fish Walleye

Supply

Price

Key Drivers:
Processors are fairly tight on frozen supply as the 2026 harvest has been very challenging.

Outlook: Frozen inventories are available for now, but long-term availability is uncertain.

Lake Fish White Perch

Supply

Price

Key Drivers:
Frozen supply remains tight due to the difficult 2026 harvest season.

Outlook: Supplies may not last through the winter until the 2027 fishery begins.

Lake Fish Yellow Perch

Supply

Price

Key Drivers:
A 26% quota reduction for 2026 and only ~50% harvest to date have limited availability.

Outlook: Expect prices to continue increasing and availability to be inconsistent.

Lobster—NA Tails

Supply

Price

Key Drivers:
Frozen inventories appear ample for now. Some inventories are arriving from Maine.

Outlook: The next Canadian “Winter” season will begin in late-November.

Lobster—NA Meats

Supply

Price

Key Drivers:
Inventories remain ample to supply current demand until the new season begins.

Outlook: Relief in supply is expected when the Canadian winter season starts in late-November.

Mahi Mahi

Supply

Price

Key Drivers:
El Nino weather conditions in South America are bringing uncertainty to Peruvian and Ecuadorian supply.

Outlook: Limson has 3 loads pending from Asia this Fall to stay ahead of demand.

Oysters, Mussels & Clams

Supply

Price

Key Drivers:
Gulf oysters and Canadian mussels have steady pricing. Chilean mussels remain short with upward price pressure.

Outlook: NZ half-shell mussels and Vietnamese brown clams are readily available with steady pricing.

Pollock 1x

Supply

Price

Key Drivers:
Product remains tight with lackluster B Season output (down 17-31%). Shatterpacks are especially tough to find.

Outlook: Demand for US fish is strong and driving up prices due to Russian product constraints.

Pollock 2x

Supply

Price

Key Drivers:
Stock remains tight as the current B Season supply remains lackluster; Chinese tariffs and Russian sanctions impact the market.

Outlook: Still a cheaper alternative to cod despite being elevated.

Salmon (Farmed)—Chilean

Supply

Price

Key Drivers:
Upward pressure on pricing due to farming constraints and high freight rates is tightening the market.

Outlook:Limson has locked in the next load to land in December when offerings are expected to be very tight.

Salmon (Farmed)—Norwegian

Supply

Price

Key Drivers:
Market seems to be ample in stock. New Section 301 tariffs (12.5%) have been offset by lower raw material prices.

Outlook: Price relief is expected in the near term.

Scallops

Supply

Price

Key Drivers:
US harvests have been very consistent, and ample Japanese product is keeping the market in check.

Outlook: Prices are firm or lowering for now due to consistent supply.

Shrimp Black Tiger

Supply

Price

Key Drivers:
Availability remains exceptionally tight, especially for larger sizes (8/12 through 16/20 counts).

Outlook: Supply constraints are projected to loosen gradually through year-end and into 2027.

Shrimp Domestic

Supply

Price

Key Drivers:
National diesel costs over $6.00/gallon are sidelining vessels, but solid year-to-date landings keep inventory sound.

Outlook:Domestic Gulf pricing is anticipated to hold steady over the coming weeks.

Shrimp White Imported

Supply

Price

Key Drivers:
Farmgate prices are firming due to seasonal lulls and high upstream costs like fishmeal.

Outlook:Geopolitical escalations and container rates are keeping costs firm through Q1 2027.

Swai

Supply

Price

Key Drivers:
Higher global demand and shortages in smaller fillet sizes (2-3 oz) are driving cost increases.

Outlook: Pollock shortages are leading to transferable demand that is straining overall availability.

Tilapia

Supply

Price

Key Drivers:
Shortages of swai and pollock have led to tilapia being used as an alternative, which is pushing up prices.

Outlook: Price increases could put domestic supply at risk as demand continues to rise.

Yellow Tuna/Swordfish

Supply

Price

Key Drivers:
High freight rates and shorter supply due to El Nino-like weather are tightening the market.

Outlook: Expect pricing to increase slightly across the board due to challenging conditions.

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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