‘Wrong’ fish size rule blamed for fishmeal ‘crisis’ in south Peru
A report commissioned by the National Fisheries Society identified the minimum legal catch size of anchovy as a 'key obstacle' to averting a downturn in southern Peru's fishmeal industry
India-EFTA trade agreement slashes tariffs on fish oil, salmon, tuna
In return, EFTA countries will invest $100bn in India over 15 years, a commitment that goes beyond conventional trade deals
Veramaris gets Canadian green light for algal oil in aquafeed
Veramaris has received the first market authorization in Canada for the use of algal oil in salmonid feeds
Europe’s fishmeal sector faces potential raw material shortfall with sand eel advice down
Despite a higher blue whiting quota, there is still uncertainty on capelin and sand eel quotas, with a risk of no catches at all, leaving Europe to face a shortfall of raw material for fishmeal and fish oil
Mixed results for Austevoll’s pelagic business, but outlook brighter
Austevoll Seafood's pelagic fishing operations faced a mixed fourth quarter, but the firm expressed optimism for improved conditions in 2024
Peruvian fishmeal production on prolonged road to recovery beyond H2
The resurgence of Peruvian fishmeal production, accounting for a substantial share of worldwide output, may not materialize as swiftly as anticipated by some
India’s largest fishmeal producer prepares for $27m IPO debut
Mukka Protein, an Indian fish protein manufacturer based in Coastal Karnataka, is set to launch its initial public offering worth $27.1m by the end of February
Peruvian fishmeal, oil exports plunge 51%, contribute to overall fisheries downturn
In November 2023, Peru faced a 24% contraction in seafood exports, with a total of 43,800t shipped
Sea Harvest announces plan to buyout Terrasan’s seafood ops in $50m deal
The South African hake harvesting group will acquire 100% of Terrasan's pelagic operation West Point Fishing, and 63% of its abalone division, Aqunion
Sales to Brazil, China dominate as Chilean exports reach new heights in 2023
Chile's seafood export industry experienced notable growth in 2023, with exports reaching almost $9 billion, a 1.8% increase y-o-y