By Neil Ramsden

The company said that while fishmeal and oil prices were historically high, reduced quotas, higher fish prices, and new fishmeal factories had combined to make it unviable

Humans directly consume about 35% of all seafood harvests with the rest going to lower value uses

The North Atlantic Pelagic Advocacy Group has announced Woolworth South Africa as its first member company from Africa to join its supply chain coalition

By Neil Ramsden

A sustainable fishing agreement between coastal states will mean lower volumes and the return of certifications, which should mean higher prices, noted Finn-Arne Egeness of Nordea

By Neil Ramsden

The coastal states meeting has concluded with nations agreeing to follow ICES advice on mackerel, herring, and blue whiting, but now comes the tricky part

By Neil Ramsden

But some light on the horizon as they pledge to meet again early in 2022 to work on blue whiting and herring quota distribution

The pelagic fishing and processing firm appears to have been little affected by the pandemic, reporting a bottom-line profit of £10.7m for 2020

Concerns have again been raised as the combined catch of mackerel, herring and blue whiting overshoots sustainable limits by 4.8 million metric tons since 2015

The firm saw profits drop by 28% but remain well above the operating losses posted for 2018, prior to its acquisition by fishing group Interfish

By Neil Ramsden

Meanwhile, Icelandic and Faroese mackerel landings got off to a strong start late in July 2021, as Norway prepares to commence its own efforts