Prices
Challenging times for Norway but remains solid in seafood exports
Norway exported seafood products worth NOK 13.1 billion in May. These figures represent a 7% increase compared to the same month in 2022. These figures are attributed to the weakness of the NOK.
Norway did it again: seafood export value up 22% in Q1 2023
However, the Norwegian Seafood Council warns that behind the numbers, the picture is not as so positive. Export value rises, but the volume of key species such as salmon and cod falls.
Aquaculture
US seafood sales fell by nearly 4% in 2022, says consumer report
Inflation and higher seafood prices meant US shoppers looked for cheaper protein alternatives, according to the FMI.
Fake label? Conagra and Bumble Bee made into defendants by their consumers
Conagra and Bumble Bee are facing class action lawsuits against consumers over the Marine Stewardship Council (MSC) sustainable labeling on their products. The appeal, which has been filed separately in federal courts in Illinois and California, seeks damages of about $5 million (€4.7 million).
Prices go up but customers do not go down
The trifecta of skyrocketing food, labor, and energy prices are some of the consequences and challenges that are suffering food service operators despite the increase in total annual sales in U.S. restaurants in January.
Austevoll Seafood in South America more expected that achieved
Austevoll Seafood ASA Group (AUSS) had a higher total revenue...
NovoMar is Ready to Meet a New Challenge
NovoMar, formerly known as Platina Seafood, has undergone a rebranding...
A record January for Norwegian seafood exports
Norway exported seafood products worth NOK 12.700 million (€1.156 million,...
Japanese yen depreciation gives seafood companies consolidated earnings in Europe and North America
The Japanese food service industry has taken longer than other...
Leroy’s harvest volume reduced and weaker farming growth than expected
According to Lerøy Seafood Group's Q3 2022, Earnings in the...
“The tax will hit harder and wider than what was intended,” Norwegian report suggests
The challenges of the salmon tax report outline that the...
Salmones Camanchaca gets additional net income thanks to high salmon prices
Salmones Camanchaca reported an additional net income of USD 22...
The value of Norwegian seafood exports in August as high as whole 1990
The CEO of the Norwegian Seafood Council, Børge Grønbech, has...
The aquaculture sector benefits from UN’s Ukrainian under grain export deal1
Presumably, the aquaculture sector will and is experiencing good sensations...
30 potential candidates to buy Viciunai Group’s Russian operations
It will complete the multi-stage process in two months Viciunai Group's...
Analysts debate when the price of salmon will stabilize
During a Fish Pool/DNB seminar in Barcelona Fish Pool and...
First-quarter leaves us with remarkable investment in the aquaculture sector
It translates in a more promising scenario than 2021's The first...
Supply issues and consumers pockets to affect indistinctly the price of salmon
Supply and demand, who will win? The salmon industry is on...
The cost of salmon for Grieg Seafood in the first quarter was 4.4€/Kg
The company will submit next report on the 13th of...
Hot stories
Russia’s war spreads to Alaska through MSC labels
Commissioner Doug Vincent-Lang accused the Marine Stewardship Council (MSC) certification body in an open letter of reducing its requirements favoring the Russian seafood industry.
U.S. Senate to reconsider AQUAA offshore aquaculture bill
Senators from Mississippi and Hawaii join forces in bringing the bipartisan Advancing the Quality and Understanding of American Aquaculture (AQUAA) bill before the U.S. Senate.
Antibiotic-contaminated shrimp from Asia rejected by FDA is U.S.
The U.S. Food and Drug Administration (FDA) released data on seafood line-of-entry rejections in May. Among the results, three of those rejections (2.9%) were of shrimp for reasons related to banned antibiotics.
1 million dollar agreement between Blue Star and Bloomin’ Brands for next level menus
Blue Star Foods has signed a new USD 1 million (EUR 928,16 million) supply agreement with Bloomin' Brands. Although the new contract was announced in June, it began in April and will run through the remainder of 2023.
