Archive for January 2023
Rainbow trout market ‘set to reach $7bn in 2033’
The global market for rainbow trout is anticipated to grow at 5.2% annually over the next 10 years, according to market analyst Fact.MR. A report from the firm, Rainbow Trout Market, estimates the current value of the sector at US$ 4.2bn (£3.4bn), but predicts that consumers’ desire for healthier food will take it past US…
Read MoreBremnes warns tax burden may halt new factory plan
Norwegian salmon company Bremnes Seashore has warned that it may be forced to shelve plans for a new processing facility because of the Oslo government’s increasing tax burden on the industry. The NOK 400 million (£35m) factory and cold store is planned for Kvednavikjo in the south west of the country. The warning was delivered by…
Read MoreCadman Capital takes stake in urchin business
Cadman Capital Group has taken a strategic equity stake in Urchinomics, a pioneering aquaculture venture that turns ecologically destructive sea urchins into valuable seafood as well as restoring and establishing the world’s dwindling kelp forests. Thriving kelp forests are important not only in terms of helping to protect biodiversity in the ocean, but also because…
Read MoreRebrand for Global Seafood Alliance’s international summit
The Global Seafood Alliance has rebranded its flagship conference, previously known as the Global Outlook for Aquaculture Leadership (GOAL) as The Responsible Seafood Summit. The first event taking place under the new name will be held between 2 and 5 October 2023, at The Delta Hotel in Saint John, New Brunswick, Canada. This is only…
Read MoreBC farmers set out principles for state’s ‘transition’
British Columbia’s salmon farmers have produced a report setting out their vision for the transition from the existing open net-pen system of aquaculture. The BC Salmon Farmers Association report, BC Salmon Aquaculture Transition: Then & Now, stresses that the interests of the state’s indigenous First Nations must be at the heart of the transition strategy.…
Read MoreFresh salmon prices continue to climb
Salmon prices rose sharply again last week with industry insiders asking, “how far will they go?”. According to Statistics Norway, which regularly monitors price trends, fresh salmon rose by almost 9% to NOK 97.51 per kilo (£7.98) in week two. The corresponding export price this time last year was NOK 72.05 per kilo (£5.90). Export…
Read MoreNutrition insights
FEEDNETICS™ provides a fast, virtual screening of feeding questions Salmon producers can now use FEEDNETICS™ web app and related services to benchmark their aquafeeds and feeding regimes. Just as the terrestrial animal production industry has done in the past, FEEDNETICS™enables nutrition and feed decision support by evaluating multiple feeding scenarios and quantifying their effects on…
Read MoreSeagriculture virtual conference to premiere in Asia-Pacific region
The organisers of the Seagriculture conference are launching an online edition “Seagriculture Asia-Pacific 2023” dedicated to the seaweed industry in the Asia Pacific region. Taking place on 8 and 9 February 2023, the new edition will supply industry knowledge on seaweed topics for a region forecast to grow threefold by 2029. Seagriculture is a leading…
Read MoreSeed funding announced for aquaculture projects
Seaweed cultivation, cleaner fish life cycle assessment and the carbon footprint of pangasius production are among the topics covered by four seed funding projects announced by the Centre for Innovation Excellence in Livestock (CIEL). They are the first aquaculture projects to be funded by CIEL, which was set up by the UK government as one…
Read MoreGrieg Q4 hit by steep rise in production costs
Revenues for salmon producers may be on the rise, but so too are production costs. The 2022 final quarter trading update from Grieg Seafood today shows costs are up sharply on a year ago. Grieg has reported a reduced harvest from both its Norwegian and British Columbia operations, with Canada down by more than half.…
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