Free Webinar: A Look Inside the Fast-Growing Cod-Farming Industry
Time: 2:00 PM ET
Register: https://bit.ly/3Y4LHia
Norway's aquaculture industry is rapidly expanding with farmed cod emerging as a significant sector. Leveraging Norwegian heritage and expertise from salmon farming, companies like Ode are pioneering large-scale cod farming.
Join Ola Kvalheim as he discusses Ode's unique approach and its transformative impact on the seafood industry.
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Free Webinar: A Look Inside the Fast-growing Cod-farming Industry
Date: July 31, 2024
Time: 2:00 PM ET
Register: https://bit.ly/3Y4LHia
Norway's farmed cod sector is rapidly growing, blending traditional wild cod heritage with salmon farming innovations. Companies are expanding volumes and exports, boosting the whitefish category. Norway-based Ode leads the trend.
Join the upcoming SeafoodSource webinar to hear from CEO Ola Kvalheim on their strategy and impact on the seafood industry.
#SeafoodSource #SeafoodWebinar #CodFarming
Free Webinar: Navigating Retailer Sustainability Requirements – Quick Tips, Trends, and Insights for the Industry
Date: Wednesday, June 26th
Time: 2:00 PM ET
Register: https://bit.ly/4b3CTwb
Join industry leaders from FishWise and Seafood Ninja for a webinar on retailer sustainability requirements. Learn how sustainability impacts purchasing decisions and improve your practices. Explore climate strategy and human rights due diligence in the seafood marketplace. Reserve your spot now to stay competitive!
#SeafoodSource #SeafoodRetail #SeafoodWebinar
NEW WHITEPAPER:
Harmonizing Sustainability and Profitability in the Seafood Industry
Download for FREE >> https://bit.ly/3ymmgOw
This whitepaper focuses on essential elements for seafood processors to integrate sustainable practices effectively. Dive into analysis and practical insights on key strategies, challenges, and opportunities in sustainability initiatives.
Gain valuable guidance and learn from best practices to enhance your sustainability efforts and make a positive impact on your business and the environment.
#SeafoodSource #Sustainability #SeafoodProcessing #Whitepaper
Don’t forget to sign up for the Free webinar on:
Harvest Strategies 2024- What to Expect from Tuna RFMOs This Year
Date: Wednesday, April 17, 2024
Time: 2:00 PM ET
Register Today >> https://bit.ly/HarvestStrategies2024
A long-term shift from single species management to science-based harvest strategies at the tuna regional fisheries management organizations (tRFMOs) is well underway. Recent years have seen governments agree to these pre-agreed management frameworks for major tuna fisheries, including bluefin, bigeye, and albacore tunas across the Pacific, Atlantic, and Indian Oceans.
Harvest strategies help ensure sustainability of stocks, and in turn, stability of the seafood market. Now, it’s time for RFMOs to continue development for the rest of the major tunas and to begin adopting harvest strategies for some of the non-tunas, like swordfish, in their purview. Speakers include Dan Fu, Indian Ocean Tuna Commission Secretariat, Juan Valero, Inter-American Tropical Tuna Commission Secretariat, Camille Manel, International Commission for the Conservation of Atlantic Tunas Executive, Josie Tamate, Western and Central Pacific Fisheries Commission Chair, and Shana Miller, The Ocean Foundation International Fisheries Conservation project.
#seafoodsource #seafoodwebinar #seafoodindustry #commercialtuna
NOW AVAILABLE: Complete Digital Ticket: Seafood Expo North America/Seafood Processing North America
Featuring all available conference session videos
Watch Today>> https://bit.ly/SENA24ConferenceVideo
Whether you attended #SENA24 in person or not, your opportunity to catch up on all available industry-specific, education-rich conference sessions recorded live from the event is here. Download all 29 recorded conference sessions from #SENA24 today!
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Potential trade barriers threaten Vietnam's US shrimp exports
Vietnamese shrimp exports to the U.S. declined in 2023, with challenges for Vietnamese exporters set to intensify further in 2024 due to an ongoing investigation by the U.S. Department of Commerce (DOC) and the implementation of enhanced domestic protection measures pushed by the U.S. shrimp industry.
Shrimp exports to the U.S., Vietnam's top shrimp buyer, totaled USD 589 million (EUR 529.3 million) in the first 10 months ...
Read the full story: https://ow.ly/GhFy50Qrgnj
#seafood #SeafoodSource #seafoodindustry
Caviar sales soar as Gen Z consumers popularize “caviar bumps” on TikTok
Chefs around the world are adding caviar to their menus in anticipation of higher sales, bolstered by Gen Z consumers who have popularized the delicacy on social media by taking “bumps” of the sturgeon roe for millions of viewers.
This latest social media trend entails taking a dollop of caviar, placing it on the back of one’s hand, and eating it. The trend has continued to spread widely via TikTok, with the hashtag #CaviarBumps currently racking up around 15 million views on the app.
Thanks in large part to younger consumers becoming interested in the product, caviar sales have increased by 76 percent ...
Read the full story: https://ow.ly/asrp50Qqw3G
#Seafood #SeafoodSource #seafoodindustry
Chinese city’s plan to create Atlantic salmon farming hub met with skepticism
A Chinese city on the country’s east coast has outlined plans to construct a complete salmon industry value chain – from cage making to fry farming to processing – that has drawn skepticism on whether the city can pull off such an ambitious venture.
The plan, announced recently by the municipal government of Rizhao, involves an investment of nearly CNY 1 billion (USD 140 million, EUR 130 million) from Wanzefang Fishery Company to be used in constructing a research and development center, salmon-processing factories, deep-sea cages, and marine farms at an industrial park in the city.
Rizhao’s municipal government said ...
Read the full story: https://ow.ly/skbN50QoWiJ
#Seafood #seafoodindustry #SeafoodSource
"It’s really the perfect fish" – New York Times article praises health benefits of salmon
The New York Times has confirmed all species of salmon contain valuable health benefits and that it is unnecessary for consumers to agonize over species selection when purchasing the fish, despite varied perceptions regarding the nutritional differences between wild-caught and farmed salmon.
The article, published in the newspaper’s 8 January edition, quoted researchers expounding on the health benefits that all species of salmon contain, highlighting that all types of salmon have lower environmental footprints compared to most other animal-based sources of protein.
“The focus is usually on ...
Read the full story: https://ow.ly/Oh9S50QoW9o
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Tokyo-held industry workshop promotes electronic monitoring use in waters overseen by RFMOs
In an attempt to further the discussions held at 2023’s Tokyo Sustainable Seafood Summit (TSSS), an industry workshop took place after the event that aimed to get sweeping opinions on the merit of using electronic monitoring (EM) on vessels operating within the waters overseen by regional fisheries management organizations (RFMOs).
The latest edition of TSSS, which took place in October of 2023, included talks on preventing labor abuse in the seafood supply chain, blue finance strategies, and actions the industry could take to limit illegal, unreported, and unregulated (IUU) fishing.
Seeking to take advantage of the ...
Read the full story: https://ow.ly/4EWs50QokAL
#Seafood #SeafoodSource #seafoodindustry
Chilean President Gabriel Boric presents bill to replace controversial fisheries law
Chile President Gabriel Boric has signed a bill that seeks to replace the country’s highly contentious fisheries law, which Boric and others claim has allowed for instances of corruption in the nation’s fishing sector.
“The past, present, and future of our country is inextricably linked to the sea. We have to say it: The current fishing law has no legitimacy and does not meet the standards that democracy demands,” Boric said in a nationally televised speech. “Despite the fact that social organizations participated in good faith [in passing the current law], there were those who put their private interests above the common interest during its processing that left evidence of bribery and influence-peddling, which are unacceptable in legislative activity in a democracy. We need a new fisheries law for Chile – [one] that is fair … and ensures resource sustainability.”
Boric's call for a new national fisheries law hearkens back to his ...
Read the full story: https://ow.ly/57xY50Qok0W
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Rabobank, GSA report finds Egyptian tilapia output on the path toward recovery
Egypt's tilapia sector is expected to post year-over-year growth in both 2023 and 2024, marking a positive shift from the stagnant output the North African country’s aquaculture sector has reported since 2020, according to a joint report from the Global Seafood Alliance (GSA) and Rabobank.
Specifically, the report, which references data from the GSA and Dutch banking and financial services provider Rabobank, estimates Egyptian tilapia production to grow 6.2 percent in 2023 and will grow 5.2 percent in 2024.
Meanwhile, five other African tilapia-producing countries – Ghana, Nigeria, Uganda, Zambia, and Zimbabwe – will post combined estimated production growth of 15.6 percent in 2023 and 17.6 percent in 2024, according to the report.
This brighter outlook is largely due to ...
Read the full story: https://ow.ly/aSLL50QojPN
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Irish aquatech sector draws investors, but output remains stagnant
Dublin, Ireland-based aquaculture technology company NanobOx has received a new round of funding to help it bring its innovative oxygenation technology to market and kickstart the country’s stagnant domestic aquaculture sector.
The fresh round of funding comes after the company already secured Series A funding of EUR 900,000 (USD 972,000) from a consortium of venture capital investors who have bought into NanobOx’s energy-efficient method of oxygenating aquaculture ponds. Specifically, NanobOx uses a low-voltage electric field to generate nanobubbles fed directly into a farm's water. The technology is currently undergoing trials at two Irish sites.
“Initial results show a 90 percent reduction in oxygenation energy costs compared to ...
Read the full story: https://ow.ly/KSia50Qn3IT
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Oceana Canada audit claims country has mismanaged fisheries over last seven years
Oceana Canada’s recently released “Fishery Audit 2023” claims the Canadian government and the Department of Fisheries and Oceans (DFO) Canada has made virtually no progress at rebuilding and maintaining the sustainability of its fishing stocks.
The report is the seventh time Oceana Canada has assessed Canada’s fisheries management, and in that time DFO and the Canadian government has made little progress, the organization said.
“Once again, less than a third of Canada’s marine fish and invertebrate populations can be considered healthy ...
Read the full story here: https://ow.ly/EqIc50Qiw51
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EU, UK, Norway reach agreements on 2024 fishing opportunities, access
The European Union has finalized bilateral and trilateral agreements with the United Kingdom and Norway, securing access to waters and fishing opportunities for next year.
“While challenges remain, the successful and coordinated completion of this very complex process demonstrates how cooperation between the E.U., the U.K., and Norway can benefit fishing communities and ensure the sustainable management of our shared stocks,” E.U. Commissioner for Environment, Oceans, and Fisheries Virginijus Sinkevičius said.
The trilateral arrangement between the three entities on ...
Read the full story: https://ow.ly/3LK650QirAJ
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Trident Seafoods planning sale of Alaska plants, announces layoffs
Trident Seafoods announced 12 December it plans to sell off a significant portion of its assets in Alaska and to trim its workforce by 10 percent.
The Seattle, Washington, U.S.A.-based vertically integrated seafood harvesting and processing firm, which has around 9,000 employees globally, said it will aim to divest itself of its Alaskan assets in Kodiak, Ketchikan, Petersburg, and False Pass, as well as the South Naknek Diamond NN cannery facility and its support facilities in Chignik.
Trident Seafoods CEO Joe Bundrant said the moves were being made to ...
Read the full story: https://ow.ly/UtZ450Qi4mH
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Even at lower prices, US seafood sales continued to plummet in November
Prices on fresh seafood – particularly shellfish – and shelf-stable seafood continued to drop in November, but sales and volumes declined in all segments, according to data from research firm Circana.
Fresh seafood prices declined 2.4 percent in November, according to Circana OmniMarket Integrated Fresh and 210 Analytics. Shellfish prices dropped 10.3 percent on average, with fresh crab prices falling 19.9 percent in November and fresh shrimp prices dropping 11 percent. Fresh catfish prices fell 4.3 percent.
“Prices came down ...
Read the full story: https://ow.ly/zgkM50Qi4ir
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Lower consumer confidence leads to seafood price-cutting in Chinese restaurants
Seafood purchases in China’s restaurant market are drying up as consumer demand dwindles.
Prices for staple mass market species including pangasius and snakehead are down an average of 20 percent year over year, as suppliers push to revive both consumer and restaurant demand.
China’s restaurant scene has seen an influx of new players in recent years, and heavier competition is also resulting in lower prices, according to Shanghai-based agrifood research agency Sitonia Consulting. This crowded market has led to price wars, and consumption data is showing the discounts have been successful in drawing in more customers. China’s restaurant spending has been one of a few high points in its Q4 economic data, with spending on catering rising 13.8 percent in October. However, the figures have shown Chinese consumers remain tightfisted when they do go out to eat.
Weaker consumer spending overall is heavily affecting suppliers of lower-value fish like pangasius, which has become ...
Read the full story: https://www.seafoodsource.com/news/premium/foodservice-retail/lower-consumer-confidence-leads-to-seafood-price-cutting-in-chinese-restaurants
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Yield10 CEO Oliver Peoples makes case for camelina as fish oil alternative
Oliver Peoples is the president and CEO of Yield10 Bioscience, which is developing Camelina sativa as a sustainable platform crop to produce feedstock oil for omega-3 oil. The company recently won approval from the U.S. Department of Agriculture Animal and Plant Health Inspection Service (USDA-APHIS) to grown and breed its stacked herbicide tolerant camelina in the U.S. The Woburn, Massachusetts, U.S.A-based company signed a letter of intent in November 2023 with Aarhus, Denmark-based aquafeed firm BioMar to commercialize a fish oil alternative derived from camelina.
Read the full story: https://ow.ly/uSTz50QhEyT
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