Cliff White is the executive editor of SeafoodSource. He has 15 years of experience as a professional journalist, including serving as the senior business reporter for the McClatchy-owned Centre Daily Times in State College, Pennsylvania, where he won state and national awards for his coverage of the development of the Marcellus Shale natural gas deposit and the Jerry Sandusky scandal.
Author Archive
Japanese seafood conglomerate Nissui recorded an 8.2 percent bump in sales and a 21.1 percent increase in operating profit in its 2023 fiscal year, which ended 31 March 2024.
Nissui’s net sales in FY 2023 reached JPY 831.3 billion (USD 5.3 billion, EUR 4.9 billion), and its operating profit hit JPY 29.7 billion (USD 189.9 billion, EUR 175.5 billion). Its ordinary profit rose 15.1 percent to JPY 32 billion (USD 204.6 million, EUR 189.1
… Read More
In 2023, 62.8 million salmon died at Norwegian salmon farms, representing a mortality rate of 16.7 percent.
Most died of injuries caused by sea lice treatments, winter sores, or illness caused by salmon pancreas disease (SPD), amoebic gill disease (AGD), or infectious salmon anemia (ISA), according to a report from the Norwegian Food Safety Authority. The deaths represented almost USD 2 billion (EUR 1.9 billion) in lost income for the
… Read More
Taiwan’s seafood exporters are expecting China to lift its ban on Taiwanese seafood products later this year or in 2025, according to Yen and Brothers CEO Chihchieh (Jay) Yen.
China began imposing restrictions on Taiwanese seafood products in 2022 as part of a carrot-and-stick diplomacy strategy designed to encourage its reunification with Taiwan, which it considers a breakaway province.
A ban on Taiwanese grouper was lifted in December
… Read More
Vesu Chokdi, Gujarat, India-based Mindhola Foods has joined the trend of Indian shrimp farmers moving back to black tiger shrimp (Penaeus monodon) and away from whiteleg shrimp (Litopenaeus vannamei).
Mindhola Foods, which farms 400 hectares producing around 1,500 metric tons of shrimp annually, was founded in 2019 as a farmer of white shrimp. It has since converted 95 percent of its farming to black tiger shrimp as better specific pathogen-free
… Read More
Japanese seafood giant Maruha Nichiro converted higher prices for its value-added products into record-high sales in its 2024 fiscal year, which ended 30 March 2024.
Maruha Nichiro’s net sales hit JPY 1.03 trillion (USD 6.6 billion, EUR 6.2 billion), up from JPY 1.02 trillion (USD 6.5 billion, EUR 6.1 billion) in its 2023 fiscal year, and its 2024 profit rose to JPY 20.9 billion (USD 134.5 million, EUR 125 million), up from JPY 18.6
… Read More
Royal Greenland posted a DKK 255 million (USD 36.8 million, EUR 34.2 million) pre-tax loss in 2023, which it blamed on a global market decline and economic uncertainty, combined with higher costs.
Royal Greenland Chair Maliina Abelsen called the year “undoubtedly … one of the most challenging in our long history,” even as the company managed to maintain its net revenue at DKK 5.798 billion (USD 837 million, EUR 777 million),
… Read MoreRecent Articles
