Editor’s choice: UK’s Dawnfresh goes under; Russia-Ukraine conflict impacts industry
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Rising costs cut into BioMar’s strong sales, volume growth
BioMar Group CEO Carlos Diaz said he was 'very satisfied by the performance of the company despite the results not following the development of the top line.'
Premium tipped for CAD 450m-plus crab, lobster deal after upping bid on C&E to meet Novacap
Canadian food group Premium is the favorite to acquire Champlain Financial's lobster and snow crab processing assets over Novacap, its final rival left in the sale process
US imported 8% more Atlantic salmon in 2021, paid 16% more for it
The US imported 410,219 metric tons of Atlantic salmon worth $4.5 billion in 2021, an 8% increase in volume and a 33% increase in value over 2020
Rising freight costs crimped Ecuador seafood exports by as much as $410m
At the end of 2021, ocean freight costs for Ecuadorian goods had increased by up to 117% compared to 2019, according to the Ecuadorian federation of exporters, Fedexpor
Norway starts Barents Sea capelin fishery, wait goes on for herring roe
Just days after the disappointing capelin fishery in Icelandic waters ended, Norwegian vessels were starting with their 42,000t Barents Sea quota
Icelandic exporters to lose millions as consequence of Ukraine war
Many of Iceland's seafood exporters shifted their focus from Russia to Ukraine after the 2014 Crimea crisis; the growing export of food technology to Russia is also halted
Big Prawn expects new retail wins to drive return to pre-pandemic profits
The UK processor began replacing Hilton Food Group in some Tesco stores in 2022, but said new contract wins would show their full benefit in year ended May 2023
Nutreco, Skretting parent suspends new projects, sales to Russia
Dutch conglomerate SHV has said 'no new investments, no new projects and no new exports to Russia will be undertaken' by the group
Norway’s herring export volumes, prices lift in week eight
Herring export volumes reached a high point for 2022, as prices continued to rise too; mackerel prices also continued high