Editor’s choice: Fallout as UK retailers, US president say no to Russian seafood
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
Expect shrimp prices to decline due to coming glut, Sedacca says
Much of the shrimp that will help drive down prices is literally out to sea, on cargo ships, ordered when demand was high and shipping uncertain
Galletti: Seafood firms need to embrace plant, cell-based protein products
Sam Galletti, president of US importer and processor Southwind Foods, sees only downsides from the seafood sector ignoring the demand for plant and cell-based alternatives
Clearwater’s resource access is ‘nice’ inflation hedge for Premium
'As a harvester, they benefit from inflation because their harvesting costs tend to be relatively fixed. So that gives us a nice hedge as well with regards to runaway inflation' -- George Paleologue
Daley’s PE owner eyes more shellfish M&A, taps RBC to run sale process
The US PE backer of Canadian shellfish processor Daley is looking at more add-on acquisitions but also planning to run a sale process for the company later in the year
Seafood trading site appoints former Grobest, Nomad exec as CEO
The seafood trading site Seafoodportal.com announced the appointment of Kristin Veriga as its new CEO, tasked with accelerating the group's expansion
Aussie gov’t expects dip in salmon prices before sector returns to medium-term growth
Australian fisheries and aquaculture production value is forecast to rise by 10% in 2021-2022, driven by strong growth in production value for salmonids, shrimp and oysters
Its sales, earnings shoot up in 2021, but Premium stays mum on C&E talks
Premium Brands Holdings has acquired three companies selling everything from pizzas to sandwiches. But the seafood-hungry company announced no deals in the sector this time
US tells shrimp harvesters to use turtle excluders
The devices have been required for decades in the larger, more common, offshore nets called otter trawls
Viciunai suspends operations in Russia
Lithuanian surimi giant Viciunai -- which manufactures some of its products in the Kaliningrad region -- said it had suspended operations in Russia