IFFO 2024: Recap all the news from annual marine ingredients summit
Undercurrent News was reporting live from the annual conference of the Marine Ingredients Organisation held in Lisbon, Portugal, on Oct. 21 - 23
Skretting to invest $16m in Japanese factory to launch support hub, boost production
Skretting is set to invest up to €15m in its factory in Imari, Japan to enhance production capabilities and establish a support hub for Japanese partners
EU body advises rule changes on fish sludge, by-products to improve circularity
The EU's Marketing Advisory Council suggested that fish sludge be accepted as an organic fertilizer and fish trimmings be used in food products, among other recommendations
Rabobank projects global soybean price crash as feed sector heads for record surplus
With the US, Brazil and Argentina all heading for excellent, if not record, soybean crops, the price of soymeal is set to plummet in the next 12 months, likely dragging fishmeal down with it
Nueva Pescanova proposes €73m capital increase amid financial turnaround
Spanish seafood group Nueva Pescanova's board of directors will propose a capital increase of €72.6 million at the upcoming general shareholders' meeting, the firm said
Peru’s seafood sales record triple-digit growth powered by surge in fishmeal, fish oil demand
In June 2024, Peru exported some 217,400t of fishery products worth $469.2m, up by 256.3% and 189.7%, respectively, y-o-y
Salmon, trout, squid boost Chilean seafood exports, but overall growth stalls
Chile exported $785 million worth of seafood in July 2024, barely more than was imported in July 2023, but it could've been a better month, based on a ProChile report
Norway’s Austevoll buoyed by Peru’s anchovy recovery
Norwegian seafood company Austevoll Seafood reported a major turnaround in the second quarter for its Peruvian subsidiary Austral Group
Fishmeal prices in China down $200/t but market quiet
Fishmeal prices continue to decline in China but buying activity at source in Peru remains quiet
Fishmeal prices continue to fall in China on improved supply
Peru's successful first anchovy fishing season has improved supply conditions, industry sources report