One-third of Spanish households are reducing their consumption of fish and meat as a means of coping with record food inflation.
Spanish consumers are also increasingly shifting to cheaper canned and frozen products as a means of dealing with higher food prices, according to consumer rights group OCU.
OCU published the results of a survey it conducted in January 2023 that showed two-thirds of households in Spain are now buying more generic
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Aarhus, Denmark-based aquafeed firm BioMar achieved earnings before interest, taxes, depreciation, and amortization above DKK 1 billion (USD 142.9 million, EUR 134.4 million) in 2022, surpassing its annual earning guidance, which it had previously increased in Q3 2022.
Its 2022 EBITDA came in 11 percent higher than its 2021 result of DKK 911 million (USD 133.6 million, EUR 122.4 million), which itself was down from DKK 972 million (USD 142.5
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Gardabaer, Iceland-based Marel posted higher sales and revenue in 2022, but its net result dropped to EUR 58.7 million (USD ) in 2022, down from EUR 96.2 million (USD ) in 2021.
Its revenue total hit EUR 1.7 billion (USD ) for 2022, and its earnings before interest and taxes (EBIT ) reached EUR 163.4 million (USD ).
The processing-equipment manufacturer was buoyed by a record Q4, posting EUR 489 million (USD ) in revenue, reaching an EBIT margin
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Re:Ocean, which is developing a 10,000-metric-ton land-based salmon-farm in Säffle, Sweden, has signed purchase agreements with Swedish seafood distributors Magnussons Fisk and Kalatukku E. Eriksson.
Formerly known as Premium Svensk Lax, Re:Ocean is building a 58,800-square-meter inland salmon farm housing 88 tanks, where Atlantic salmon will be raised from egg to harvest. It will reuse 99.9 percent of its water in a closed environment and
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Toftir, Faroe Islands-based Sea Farm Innovations (SFI) has received an investment from Oslo, Norway-headquartered private investment firm Hawk Seafood.
SFI was founded in 2016 by Eyðbjørn Hansen and Gunnar Johildarson to develop innovative mechanical solutions for the aquaculture industry. Its SFI System is “a gentle and highly effective delousing solution with focus on fish welfare, ease of operation, high capacity, coupled
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India has become a global shrimp powerhouse, and a plenty of credit for that rise can be attributed to Nekkanti Sea Foods.
India earned USD 7.8 billion (EUR 7.6 billion) from its seafood exports in the last fiscal year and is aiming for USD 8.8 billion (EUR 8.6 billion) in exports this fiscal year, which ends 31 March, 2023. And while India’s shrimp production is expected to fall to between 650,000 and 700,000 metric
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Eric Bloom, the president of Teaneck, New Jersey, U.S.A.-based Eastern Fish Co., says he doesn’t remember the details of the initial meeting with Nekkanti Sea Foods Managing Director Venkat Nekkanti in 2003, but he acknowledges – as Nekkanti claims – that it could have been as short as 15 minutes.
“I'm going to say this: he has a better memory of it than I do,” Bloom told SeafoodSource. “From that that
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U.S. Representative Jared Huffman (D-California) and U.S. Rep. Mary Peltola (D-Alaska) have introduced the Coastal Seaweed Farm Act of 2023, a bill directing NOAA and the U.S. Department of Agriculture (USDA) to produce a joint study evaluating the benefits and impacts of coastal seaweed farming.
The bill would also create the Indigenous Seaweed Farming Fund, a grant program to reduce cost barriers for indigenous communities to get involved in
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Alltech and Finnforel have acquired Raisio’s aquafeed business, including a fish-feed production facility in Raisio, Finland, for EUR 7 million (USD 7.5 million).
Alltech, a global animal health and nutrition company based in Nicholasville, Kentucky, U.S.A., produces specialty feed ingredients and aquafeeds for fish and shrimp via its subsidiary, Alltech Coppens. The Alltech Coppens Aqua Centre (ACAC) in Valkenswaard, the
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Aarhus, Denmark-based BioMar has introduced a bioremediation product that can improve environmental conditions for farmed shrimp from hatchery to grow-out.
The launch of the aquafeed firm’s new product category took place at an event in Ecuador on 28 February, 2023. The SmartCare Balance line of products are probiotic mixes produced at BioMar’s facility in France. The products are now available in Ecuador and distribution will soon
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