Aquaconnect: Export dependence, credit access biggest bottlenecks for Indian shrimp
'If a US consumer is deciding to pay one cent extra, we get one cent extra; and if they decide to reduce the price by two cents, we are going to get that' - Rajamanohar Somasundaram, CEO of Aquaconnect
Vietnamese shrimp firm expects 11% profit lift in 2022
Fimex Vn's sales volumes were up 32% in the first quarter of the year, with revenue up around 6%
Peru’s Produce sets 2022 jumbo squid quota at 500,000t
Peru's ministry of production, Produce said the quota can be modified based on the availability of the resource
Editor’s choice: Viciunai on the defensive; Canada crab price talks tricky
Neil Ramsden, EMEA editor of Undercurrent, brings you a roundup of the main stories from the previous week
AquaChile took $36m loss on sale of Costa Rican tilapia unit
Chilean salmon powerhouse Empresas AquaChile took a $36.4 million loss when it sold its Rainforest Tilapia unit to Costa Rican seafood processor and exporter Industrias Martec
Nicovita launches $80m Ecuador shrimp feed plant plans
The planned plant, which will be built near Guayaquil, Ecuador, builds on the $35m that the company, owned by Peru's Alicorp, spent on investments in 2021
New Riverence, Clean Label partnership takes ready meals coast to coast
'We were able to take their trout and create ready-to-eat meals that have zero chemicals and an extended shelf life of 35 days refrigerated' -- Marwan Moheyeldien, Clean Label's CEO
Atlantic Sapphire lands $25m credit facility
The credit facility, which has been tied to the company's phase two construction efforts, is to be repaid in three months
Former Russian crab importer: Latest pivot not a short-term move
'I just had a sense that this was going to get messy. We had contracts out there for multiple loads and we simply started canceling them all' -- Stuart Kozloff, International Seafood Ventures
Police conclude ‘no evidence of arson’ in Atlantic Sapphire fire
Police have found no conclusive cause of the fire, which ended the land-based salmon firm's steelhead trout trials in Denmark last year