Editor’s choice: Boston exhibitor numbers dropping; US snow crab imports up
Tom Seaman, editorial director of Undercurrent News, brings you a roundup of the main stories from the previous week
Mowi’s high Q4 harvest volumes offset by weak margins, Canada losses
The company posted a total harvest of 117,000t for the quarter, some 11% above expectations; yet operational margins were down 10% on analyst predictions
Mowi’s salmon losses in Newfoundland more severe than might’ve been hoped
The new data indicates Mowi lost at least 1.3 million salmon at its NL operations in the last four months of 2021, about 300,000 more than an earlier best-case projection
Algal blooms contribute as Norwegian, Chilean, Scots salmon prices rise again
Spot prices for all three origins look set to remain high in week three of 2022, as Chile's algal bloom plays into buyers' thinking
Improved costs, even tighter market; analyst fancies Mowi for 2022
Mowi was the single Norwegian salmon farmer to improve its production cost picture across the full year, while the algal bloom shows how the tight supply picture can become tighter still
US offshore aquaculture firm secures largest-ever concession off Brazil
Forever Oceans has signed an agreement with the Brazilian government to ocean-raise fish in two zones totaling 64,200 hectares, an area three-and-a-half times the size of Washington DC
Mowi outlines genomics, novel protein R&D efforts
The salmon farmer is working on several projects, including AquaIMPACT, a major effort to integrate fish breeding and nutrition to increase the competitiveness of the EU's aquaculture industry
Weak sales, energy shortages drive Brazilian tilapia prices further down
Strong supply and increasingly lower sales through retail and other channels have put a lot of pressure on Brazilian tilapia prices, which suffered more drops
Japanese sushi chain implements AI smart feeding at own aquaculture sites
Kura Sushi, which operates 569 outlets across Japan, Taiwan, and the US, will use the Umitron CELL smart feeder at its aquaculture subsidiary
Grieg posts impressive cost reduction, harvests short of guidance for Q4
Total harvest volumes for the quarter came to 23,700t, below the original guidance of 25,100t, and producing a final annual harvest of 75,600t for 2021