Danish insect meal plant secures €50m funding for expansion
Danish insect meal producer Enorm Biofactory has raised €50m to scale up its plant in Denmark to 11,000t of annual production
Indonesia’s Aruna raises further $30m in effort to expand global presence
The digital platform has now raised $65m over two successive funding rounds in the space of six months
Japan’s largest sushi chain partners up with cell-cultured seafood firm
Food & Life Companies described BlueNalu as a 'critical supply chain solution for the globally leading foodservice buyer of bluefin tuna'
China’s largest shrimp firm reduces losses, seals new partnership
Zhanjiang Guolian Aquatic Products, China's largest shrimp company, forecast an annual loss of CNY 5m-CNY 10m due to a floundering aquaculture division
Trade insights: China’s shrimp imports recover by 12% in 2021
China imported 611,000t of frozen warmwater shrimp in 2021, according to Chinese customs data; Ecuador supplied 62%
2021 seafood M&A passes $6.5bn after explosion of outside investment
A remarkable 43% of all buyouts, mergers, investments and capital raises in the seafood sector were led by investment funds and private equity during 2021
Pangasius prices to China, EU lift strongly in December
Export prices to the US market remained steady for the final month of 2021, but they rose on the Chinese, European, and Mexican markets
Vietnamese pangasius firm’s Q4 profits drop 38% on shipping costs
Navico's full-year profits after tax were also down 37% at VND 127.9 billion, or $5.6m, while Q4 also saw construction commence on its collagen and peptide plant
Watch: Thai Union exec explores foray into alternative proteins
For 'Veganuary', UCN spoke with Maarten Geraets, managing director of Thai Union Group's alternative proteins division
Trade insights: Ecuador ‘most successful exporter’ of shrimp as sales hit $5bn in 2021
Gorjan Nikolik of Dutch agribank Rabobank told Undercurrent Ecuador owes much of its success to its unique low-intensity, vertically integrated production model