Archive for April 2018
South Korean seafood exports soar
SOUTH Korea\’s growing influence on the global seafood scene has been strengthened by the news that its fish exports soared by more than 16 per cent during the first three months of this year. The country’s Ministry of Fisheries and Oceans said sales were helped by a strong demand for tuna and a particularly Korean…
Read MoreMinister champions salmon sector’s growth
SCOTLAND’S salmon farmers were given wholehearted backing by rural affairs minister Fergus Ewing last night as he championed their plans for growth. Seafood is very important to Scotland and food and drink are the most rapidly growing sector of the economy. Scottish salmon was worth £600 million in exports last year, said Ewing, Cabinet Secretary…
Read MoreScottish seafood ‘open for business’
SCOTTISH seafood companies were hoping to secure millions of pounds of new business as the Seafood Expo got underway in Brussels this morning. Some 21 Scottish companies have stand space within the Scotland pavilion in Hall 9, while an additional 21 firms are attending independently, all vying for new export contracts. Last year, Scottish businesses…
Read MoreAldi tops sustainable fish list
THE discount retailer Aldi has been named as the UK supermarket chain with the best record of stocking the highest proportion of sustainable seafood, says the Marine Stewardship Council. It is even beating high end retailers such as Waitrose and Marks & Spencer. The MSC, which is the international body that sets fishing standards around…
Read MoreJohn West owners joins ghost gear fight
THE Thai Union Group, one of the world’s largest seafood companies, has joined forces with the Global Ghost Gear Initiative in a drive to reduce the growing problem of abandoned and discarded fishing gear worldwide. The global ghost initiative (GGGI) is an alliance founded by World Animal Protection, dedicated to tackling the problem of ghost…
Read MoreSalmon market surprisingly robust says DNB
DESPITE the volatility of salmon prices, the robustness of the market has surprised analysts, DNB’s Alexander Aukner told an audience of producers and traders at the DNB/Fish Pool seminar on the eve of the Seafood Expo. Aukner, an equity analyst at the Norwegian bank, said the ‘super cycle’ is set to continue, prices are at…
Read MoreNorway PM hails aquaculture success
NORWAY’S prime minister, Erna Solberg, has said the country needs to develop an aquaculture industry that can deliver food and economic values within an acceptable footprint. She was speaking at the Havbruck 2018 conference, which gathered the fish farming industry, along with researchers and politicians, for key discussion on future policy. The main theme of this…
Read MoreFashion chain owner ‘eyeing Young's’
THE private equity company Sun Capital Partners, whose portfolio includes the women’s fashion chain Bonmarche and the UK bed maker Dreams, is reported to be considering a bid for Young’s Seafood. The current private equity owners announced on Thursday that Britain’s largest seafood business was being put up for sale. No price tag has been…
Read MoreQueen’s Award for Scottish Ace
DUNDEE based company Ace Aquatec has received a prestigious Queen\’s Award for Enterprise in the innovation category, it was announced today. The company’s managing director, Nathan Pyne-Carter (pictured), said the award is specifically for growth and innovation in seal deterrent systems, recognising significant investment in research and development, and benefits to the aquaculture industry from…
Read MoreFishupdate Briefing Friday April 20th
CHINA HUNGRY FOR US LOBSTER CHINA and the United States may be gearing up for a trade war, but the dispute hasn\’t stopped Chinese \’s hunger for American lobsters. And the demand is helping keep prices high for US domestic . consumers. However, a tariff on the seafood by Beijing is not thought to be…
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