Red Chamber joins talks to buy majority stake in Nueva Pescanova
Acquisitive US-based seafood conglomerate Red Chamber has joined negotiations to acquire a majority stake in Spain's Nueva Pescanova, according to a report from El Confidencial
Argentina’s seafood export value starts 2023 down 2% as squid, shrimp prices dive
Argentina saw its seafood exports value drop in January 2023 to $103.4m, down 2% year-on-year; the export volume, however, rose by 10% to 23,468t
Cooke in talks for majority stake in Pescanova
Canada's Cooke is negotiating to acquire a majority stake in Spain's Nueva Pescanova, according to a report from Faro de Vigo confirmed by Undercurrent sources
Historically low Ecuadorian vannamei prices pressure Argentine red markets
Argentine shrimp prices have declined in recent months, partially depressed by record-low prices for vannamei
US seafood imports broke record in 2022, grew trade deficit
Despite efforts to increase consumption of domestically produced seafood and boost exports, the US is going the other way -- setting an all-time record for seafood imports in 2022
Cabo Virgenes expands Spanish plant, Argentine fleet
The Spanish plant's upgrades will enable the firm to boost sales of processed Argentinian red shrimp, which are increasingly in demand in Europe
Sharp drop in red shrimp sales drives Argentina’s seafood exports down 8% in 2022
Argentina's seafood exports fell by 4.8% in volume and 8.4% in value to a total of 490,357t worth $1.82bn in 2022, thanks to a notable y-o-y decrease in red shrimp sales
Prospects for black tiger, red shrimp remain bright but US market development needed
Panelists said a lower premium between black tiger shrimp and vannamei could make all the difference in raising US sales. Meanwhile, Argentine red shrimp demand has room to grow
Former Brasmar exec joins Iberconsa as new purchasing, business development director
After almost 18 years of working at Portugal-based processor Brasmar, Helder Goncalves has joined Iberconsa
Abanca to reinforce Nueva Pescanova with €70m cash injection
Nueva Pescanova has called for a shareholders' meeting on Jan. 16 to discuss the new capital increase