MARKET INTELLIGENCE

Seafood Trends

Published on April 13, 2026

Calamari/Squid

Supply

Price

Key Drivers:
Limson supply remains strong despite elevated pricing across the general market.

Outlook: Secure supply is available but at higher price points.

Cod Alaskan Shatter Fillets 1x

Supply

Price

Key Drivers:
A seasonal labor shortage in Alaska has limited new season production.

Outlook: Production remains limited and prices will stay elevated.

Cod Atlantic Loins 2x

Supply

Price

Key Drivers:
Market pricing has reached historical highs, leading to a year-over-year decrease in demand.

Outlook: Supply is available, but demand is cooling due to record pricing.

Cod Atlantic Shatter Fillets/Loins 1x

Supply

Price

Key Drivers:
Icelandic costs are up due to quota cuts, a 10% tariff, and high demand in the EU and UK.

Newfoundland 4/5/6 oz loins are also elevated despite a slight quota increase.

Outlook: Expect tight supply and sustained high costs from all major Atlantic origins.

Cod Pacific Loins 2x

Supply

Price

Key Drivers:
10% tariffs from China, 20%+ Y-O-Y quota cuts, and Russian sanctions continue to push prices.

Outlook: Limson has ample stock for the LENTEN season despite high pricing.

Snow Crab—Canadian

Supply

Price

Key Drivers:
Inventories will not last until the next fishery starts in April.

Pricing is climbing steadily, with many importers out of all sizes except 8ozUps.

Outlook: Extreme scarcity expected for the 5-8oz size until the new season begins.

Grouper—Asian

Supply

Price

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

The market has tightened extremely quickly.

Outlook: Regulatory hurdles will keep supply tight and prices high.

Haddock

Supply

Price

Key Drivers:
10% tariffs on China and Y-O-Y quota cuts have pushed costs to historical highs.

Poor catch rates and high demand in the EU are further restricting US supply.

Outlook: Expect record-high costs to persist.

Hake Fillets/Loins

Supply

Price

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

Limited domestic supply is resulting in elevated US pricing.

Outlook: Supply will remain limited in the US as EU demand dominates.

Euro Lake Perch & Pike Perch

Supply

Price

Key Drivers:
Market has ample stock across all sizes.

Import tariffs are keeping prices from dropping despite good availability.

Outlook: Stable availability with slightly elevated price levels.

Lake Fish Smelt

Supply

Price

Key Drivers:
Demand continues to exceed available supply.

Outlook: Market is completely dry until full fishing resumes in April.

Lake Fish Walleye

Supply

Price

Key Drivers:
Inventories are extremely low with no surplus available.

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

Lake Fish White Perch

Supply

Price

Key Drivers:
The overall market currently has ample stock.

Outlook: Steady supply and pricing expected to continue.

Lake Fish Yellow Perch

Supply

Price

Key Drivers:
Off-season conditions have resulted in a dry market.

Outlook: Supply will be unavailable until full fishing efforts resume in April.

Lobster—NA Tails

Supply

Price

Key Drivers:
Market is drying up due to a new tariff deal between Canada and China.

High holiday season demand has depleted available frozen volume.

Outlook: Pricing is creeping up; inventory may not last until the May fishery.

Lobster—NA Meats

Supply

Price

Key Drivers:
Consistent with tail trends, a new Canada-China tariff deal is diverting supply.

Outlook: Expect tightening supply and rising prices through the spring.

Mahi Mahi

Supply

Price

Key Drivers:
Asian offerings cannot keep up with US demand while South America has wrapped up a slow season.

Outlook: Market remains extremely tight with historical high pricing; supply gaps are expected

Oysters, Mussels & Clams

Supply

Price

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

Chilean mussels are short, but Limson has good inventory.

Outlook: Good availability overall; NZ mussels and Vietnamese clams remain steady.

Pollock 1x

Supply

Price

Key Drivers:
Seasonal labor shortages in Alaska are limiting new season production.

Outlook: Supply remains limited and prices stay elevated.

Pollock 2x

Supply

Price

Key Drivers:
Costs are high due to China tariffs and Russian sanctions, but supply currently meets demand.

Outlook: Stable conditions despite underlying cost pressures.

Salmon (Farmed)—Chilean

Supply

Price

Key Drivers:
Ample market stock is available.

Prices remain slightly elevated due to tariffs.

Outlook: Market is stable with consistent supply levels.

Salmon (Farmed)—Norwegian

Supply

Price

Key Drivers:
Supply is tightening, and a weak USD compared to NOK is increasing costs.

Outlook: Expect prices to remain elevated due to currency and tariff pressures.

Scallops

Supply

Price

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

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

Outlook: Pricing will continue to creep up until the new season starts in late May/June.

Shrimp Black Tiger

Supply

Price

Key Drivers:
Effective Feb 28, 2026, Section 122 invokes a flat 10% tariff surcharge.

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

Outlook: Low supply and firm pricing expected through the first half of 2026.

Shrimp Domestic

Supply

Price

Key Drivers:
Gulf landings are favoring smaller counts, keeping larger shell-on pinks in short supply.

Brown shrimp stocks are sufficient to maintain steady pricing through July.

Outlook: Upward pressure expected on larger white headless shell-on as May opener nears.

Shrimp White Imported

Supply

Price

Key Drivers:
The market is navigating a shift to Section 122 tariffs (10%) following a Supreme Court ruling.

Import volumes are expected to surge in June/July before the 150-day window expires on July 24.

Outlook: Supply from Indonesia and Ecuador remains very tight.

Swai

Supply

Price

Key Drivers:
High global demand is driving a slight cost increase.

Smaller 3-5 oz fillets are currently tight.

Outlook: Supply generally meets demand, but costs are rising.

Tilapia

Supply

Price

Key Drivers:
The market has ample stock with prices stable year-over-year.

Outlook: Expect a continued stable market.

Yellow Tuna/Swordfish

Supply

Price

Key Drivers:
Frozen inventories and ample stock are readily available.

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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