India’s Abad sets sights on Russia, retail sector for overseas growth in 2022
Low prices from Ecuador, and trade difficulties with China have major packer Abad Fisheries looking to make a splash in new markets for HOSO shrimp this year
Bregal quietly netted $20m from Blue Harvest plant sale
As Bregal closes in on sale of three scallop vessels from fleet of 15, it's also emerged the PE firm netted over $20m in 2019 from divesting plant in likely sale and leaseback deal
UK’s Tesco predicts 5% supermarket price inflation by spring
The chairman of Britain's biggest supermarket has warned 'the worst is yet to come' on rising food prices
Whitefish consumer product prices must find ‘new level’
The rising costs for whitefish raw materials such as cod and pollock mean finished product prices will rise considerably in 2022, said the CEO of A. Espersen
Spain’s Profand appoints board of directors, Caladero name disappears
Profand has completed a corporate restructuring after the entry, last September, of the investment arm of Banca March, Corporacion Financiera Alba
Editor’s choice: Fisher King initiates sale process; Maruha, CDQs buy Icicle assets
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Bornstein expands into Alaska processing with lease takeover
The plant in the city of Seward, Alaska, a community of 2,700 people on the Kenai Peninsula, will process salmon, halibut, black cod, cod and pollock, Bornstein Seafoods said
UK ‘women in fisheries’ network launches
'Women work as female fishermen, in fisheries associations, they are fleet managers, policymakers and charity workers', the organization stated
Slow catches, strong demand drive H&G cod prices toward $5,000/t for China
Prices for H&G Atlantic cod are continuing to increase, with fishing slow and demand strong; the current level is the highest the price has been since 2008.
Hofseth Biocare sees record orders at start of Q1 despite deepening losses
Although gross operating revenue grew to NOK 87.6m last year, the firm reported a growing operational loss of NOK 115.9m