The outlook for seabass and seabream suggests the market might finally start to pick up after a prolonged decline, starting with bream prices.
At the same time, the Greek consolidation of the country's three largest producers' -- a sale process that concluded in November after years of negotiations -- will materialize, with different expectations on the outcome.
Recently, bream prices have been rising, moving above their bass equivalents, a trend that is expected to continue next year, as bream stocks are smaller than those of bass and relatively slim on some sizes, according to sources.
Undercurrent News asked several senior industry executives what their expectations regarding the market outlook and the Greek consolidation's impact were.
Greek mega-mergerThe sale of Nireus Aquaculture and Selonda Aquaculture to US private equity fund AMERRA Capital Management, together with the Mubadala Investment Company, had been underway for more than two years in a process that was drawn out first by a protracted bidding war between Amerra/Mubadala and Diorasis International, and then by an unexpected challenge from the European Commission's competition authorities in Brussels [...]
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