Other Media | FishFocus: Strong quarter ends another record year for Mowi
NORWAY
Tuesday, February 20, 2024
Mowi recorded record-high revenues of 1.43 billion euros in the fourth quarter, compared with 1.36 billion euros in the corresponding quarter of 2022. Operational profit was 203 million euros in the quarter.
The fourth quarter concluded another record-breaking year for Mowi. Revenues of 5.5 billion euros, operational profit of 1,028 million euros and harvest volumes of 475 000 tonnes in 2023 were all record-high.
Domestic and international factors—including reduced fishing quotas and global uncertainty—shaped the performance of Norwegian seafood exports during the first half of the year.
Norway exported seafood worth NOK 84.5 billion in the first half of the year. This represents a decrease of NOK 669 million, or 1%, compared to the same period last year.
The main markets for Norwegian seafood exports during the first half of the year were Poland, China, and the United States.
As nominations open for the next Prime Minister, food supply chain leaders have penned an open letter to candidates with a five-point plan for a more resilient and affordable food system.
Key areas the new Prime Minister should focus on are delivering value for the public, well-negotiated EU realignment, the planning system, securing workers, and investment and growth.
The NFU, British Retail Consortium, Food and Drink Federation (FDF) and UKHospitality have joined forces to urge those running for Prime Minister to back a five-point plan for a more resilient and affordable food system.
Fish farmers around the world could soon be facing a fishmeal supply crisis and seriously higher costs, according to a new warning from Bloomberg Opinion, the global business platform.
Bloomberg says that wholesale prices have shot up and are now around US $3,000 a metric ton (£2,248).
Peru is the world’s leading supplier and exporter of fishmeal, accounting for almost a third of total global production.Bloomberg says that exceptionally warm Pacific seas from El Niño conditions off South America, and issues with the anchovy fisheries, have resulted in repeated fishing suspensions and the lowest catch quotas for almost 10 years.
Author: Vince McDonagh / Fish Farmer | Read the full article here
Pure Salmon has moved a step closer to building what would become the European Union's largest land-based salmon farm after its proposed facility in south-west France received a favourable environmental opinion from regional authorities.
The project, located in Verdon-sur-Mer, is now awaiting a final decision from local authorities. Approval would allow construction to begin in the coming weeks.
Pure Salmon plans to produce 10,000 tonnes of Atlantic salmon annually using a land-based recirculating aquaculture system.
Source: SalmonBusiness | Read the full article here
The sustainable fisheries agreement between the European Union and the Republic of Mauritania is currently the most significant one the EU has in place with non-member countries—at least in terms of the number of vessels involved and the €60 million Europe pays for fishing rights in those waters. The agreement runs until November 2026. However, not a single bottom longliner has gone there to fish this year. These vessels—classified under Category 3 of the agreement—primarily targeted Ray's bream (or *castañeta*; *Brama brama*). Or rather, they *used* to. The eleven vessels operating under this category—all from Galicia—have abandoned the fishing ground after suffering a drastic drop in catches last year.
Source: La Voz de Galicia | Read the full article here
MEP Francisco Millán Mon supports the modernization of the trade pact but urges caution regarding the future liberalization of canned tuna imports and calls for monitoring of the impact on the European industry.
The modernization of the Global Agreement between the European Union and Mexico has received broad support in the European Parliament, although the text continues to raise concerns within parts of the EU's fishing and canning industries. During the debate held in Strasbourg, Galician MEP Francisco Millán Mon warned of the risks associated with the future liberalization of canned tuna from Mexico and called on the European Commission to continuously monitor the effects on the market.
The world’s second largest Atlantic salmon farmer, SalMar, harvested 81,800 gutted weight tonnes in Norway and Iceland in the second quarter of this year, it said in a trading update.
That harvest volume is a 37% increase compared to the same period last year, when SalMar harvested 59,700 gwt.
SalMar’s Q2 2026 harvest volumes were:
Farming Central Norway: 38,900 gwt (Q2 2025: 33,900 gwt)
Farming Northern Norway: 32.6 gwt (20,600 gwt)
SalMar Ocean: 4.8 gwt (1,200 gwt)
Icelandic Salmon: 5.5 gwt (4,000 gwt)
Total: 81,800 gwt
Source: fishfarmingexpert | Read the full article here
Thai Union has launched the seafood industry’s first shelf-stable tuna product in a recyclable, mono-material pouch.
Typical tuna pouches found in retail stores are made from aluminum foil and mixed plastics that are layered and cannot be recycled in standard waste streams.
However, Thai Union’s new Stir & Serve pouch, launched under its John West brand of seafood products, is solely made from polypropylene, which can be disposed of in many existing recycling streams throughout Europe, according to the firm.
THe company said the product uses a film technology developed by packaging supplier Mondi, thatdelivers the oxygen and moisture protection needed to keep tuna shelf-stable for 18 months at room temperature.
Author: Christine Blank / SeafoodSource | Read the full article here
Jammu & Kashmir’s leading business conglomerate, the Khyber Group, has launched India’s largest, fully integrated, sustainable Recirculating Aquaculture System (RAS) based Himalayan trout farming facility in Kashmir.
Khyber Aquaculture is aimed at transforming the region’s trout industry into an integrated, export-oriented ecosystem by linking advanced aquaculture technology with local farming communities.
Built on an eight-acre site with an investment exceeding ?100 crore, the project aims to strengthen commercial fish farming through year-round trout production, export-focused processing and data-driven aquaculture technology.
Coast 4C, a Philippines-based regenerative seaweed farming company, has raised $2.5 million in a seed investment round led by Hatch Blue through its Blue Revolution Fund (BRF). The platform supported by this investment aims to expand small-scale seaweed farming across Southeast Asia, enabling producers to boost productivity while providing global processors with a steady, reliable supply. Coast 4C highlights that this expansion seeks to address the issues of informal and fragmented supply chains that have long constrained the global seaweed supply from these small-scale producers.
Joining Hatch Blue as co-investors are Conservation International Ventures, elea, RS Group, Potato Impact Partners, Minderoo Foundation, Kibo Invest, and Azulito Fund (a fund managed by ImpactAssets).
Source: iPac.acuicultura | Read the full article here
Fish landings grow 8% in the first half Argentina
Total catches reach 486,678 tons in the first half of the year driven by shrimp and hake, compensating for the decline recorded in the squid fishery.
Declared landings by the national fishing fleet r...
Mifco recorded tuna purchases worth 11.3 million mvr in June Maldives
The Maldivian state-owned company processed 568 metric tonnes across 517 vessels, consolidating the minimum purchase price to protect the income of local fishermen.
The state-owned Maldives Industr...
NORWAY 09_19_10.png)
Mowi
Domestic and international factors—including reduced fishing quotas and global uncertainty—shaped the performance of Norwegian seafood exports during the first half of the year.
UNITED KINGDOM.png)
Key areas the new Prime Minister should focus on are delivering value for the public, well-negotiated EU realignment, the planning system, securing workers, and investment and growth.
WORLDWIDE
Fish farmers around the world could soon be facing a fishmeal supply crisis and seriously higher costs, according to a new warning from Bloomberg Opinion, the global business platform.
FRANCE
Pure Salmon
MAURITANIA
The sustainable fisheries agreement between the European Union and the Republic of Mauritania is currently the most significant one the EU has in place with non-member countries—at least in terms of the number of vessels involved and the €60 million Europe pays for fishing rights in those waters. The agreement runs until November 2026. However, not a single bottom longliner has gone there to fish this year. These vessels—classified under Category 3 of the agreement—primarily targeted Ray's bream (or *castañeta*; *Brama brama*). Or rather, they *used* to. The eleven vessels operating under this category—all from Galicia—have abandoned the fishing ground after suffering a drastic drop in catches last year. 
EUROPEAN UNION
MEP Francisco Millán Mon supports the modernization of the trade pact but urges caution regarding the future liberalization of canned tuna imports and calls for monitoring of the impact on the European industry..png)
That harvest volume is a 37% increase compared to the same period last year, when SalMar harvested 59,700 gwt.
THAILAND.png)
Typical tuna pouches found in retail stores are made from aluminum foil and mixed plastics that are layered and cannot be recycled in standard waste streams.
INDIA
Jammu & Kashmir’s leading business conglomerate, the Khyber Group, has launched India’s largest, fully integrated, sustainable Recirculating Aquaculture System (RAS) based Himalayan trout farming facility in Kashmir.
PHILIPPINES
Coast 4C, a Philippines-based regenerative seaweed farming company, has raised $2.5 million in a seed investment round led by 
