IN BRIEF - AIC to Venture into Insurance Products for Livestock, Aquaculture & Sericulture
Monday, May 29, 2023
Agriculture Insurance Company of India (AIC) is set to expand its offerings with the introduction of insurance products for the livestock, aquaculture, and sericulture sectors. The company has already obtained the necessary license from the Insurance Regulatory and Development Authority of India (IRDAI), according to a statement made by a top AIC official on Wednesday.
Girija Subramanian, the CMD of AIC, revealed that the company secured the license for these new insurance products from IRDAI in May of the previous year. She further stated that AIC will launch the products after their development process is complete. Speaking to reporters at an ASSOCHAM event, she emphasized AIC's commitment to expanding its services and supporting various sectors within the agricultural industry.
Established in 2000, AIC boasts a capital base of Rs 200 crore. The capital is contributed by GIC Re at 35 percent, Nabard at 35 percent, and the remaining percentage by the four public general insurers, namely National Insurance, United India Insurance, New India Assurance, and Oriental Insurance.
Pressing issues threatening the sustainability of living marine resources across the Caribbean were discussed at the 19th Session of the Western Central Atlantic Fishery Commission (WECAFC) held in Bridgetown, Barbados, earlier this month.
The hybrid meeting, which was organised and led by the Food and Agriculture Organization of the United Nations (FAO), was attended by 110 delegates from 22 member countries and 11 partner organisations, signalling the highest number of delegates to ever attend in the history of this commission’s plenary meetings.
The delegates of the 19th session discussed the interim Caribbean Regional Management Plan for the Anchored Fish Aggregating Device Fishery (aFAD), and the associated guide for improved monitoring aFAD catches and assessment of aFAD impacts on stocks. They also reviewed the manual on aFAD Fisheries Governance with application to other Fisheries in the Wider Caribbean and the impacts of sargassum on marine resources in the region, a regional socio-economic and environmental developing issue.
The progress made in the strategic reorientation of the commission, the finalisation of the revised 2014 Rules of Procedures, opportunities for collaboration with the International Commission for the Conservation of Atlantic Tunas (ICCAT), and other critical topics of potential implications for the fisheries in the region, among others two global instruments, the Marine Biodiversity of Areas Beyond National Jurisdiction (BBNJ) treaty, and the World Trade Organization (WTO) Agreement on Fisheries Subsidies, were included on the comprehensive agenda for discourse.
In delivering opening remarks, Adrian Forde, Barbados’ minister of environment and national beautification, the green and blue economy, spoke on the significance of the meeting for Barbados and at large, the CARICOM countries, and acknowledged the considerable progress of WECAFC in the preparation of fisheries management advice, especially as it relates to the management of fisheries using anchored Fish Aggregating Devices (aFADs).
The competent authorities of the Kingdom of Saudi Arabia (KSA) and Vietnam have expanded the list of Russian enterprises approved for the supply of fish products to domestic markets.
Thus, the KSA State Food and Drug Administration granted access to one canned fish manufacturer. In total, currently 40 Russian organizations have the right to export processed and unprocessed fish products to the Kingdom.
In addition, two fish processing enterprises were included in the list of importers by the competent authority of Vietnam. Thus, 128 Russian companies have been approved for supplies to the republic.
Rosselkhoznadzor will continue to work to expand the list of Russian enterprises that have the right to export to Saudi Arabia and Vietnam.
Source: Rosselkhoznadzor - Federal Service for Veterinary and Phytosanitary Surveillance
Between January and July 2023, Ecuador earned more from exporting shrimp than from selling crude oil, as reflected by figures from the Central Bank (ECB). Sales of the crustacean meant 4,396 million dollars for the nation, while the export of Oriente and Napo crude oil, the only two types of oil that the country exports, represented 4,082 million. The difference is USD 314 million.
However, hydrocarbon activity continues to underpin the Ecuadorian economy, since the aforementioned figures do not include the export of Fuel Oil 6, the only petroleum derivative that Ecuador has exported this year. Sales for this product represented an additional 679 million dollars.
Regarding shrimp, the country sold 707 metric tons in the first seven months of 2023. In the same period, but in 2022, the country sold 618 tons. Although more was exported this year, there was less money, since last year's amount amounted to 4.5 billion dollars.
The National Chamber of Aquaculture states that China is the largest consumer of Ecuadorian shrimp. In fact, 61% of crustacean exports go to that country. 17% of exports go to European nations and 16% to the United States. American and Asian countries buy the rest of the production.
Un mantenimiento sencillo, una vida útil más larga para el aceite y la maquinaria, menos emisiones de CO2 y una solución económica y atractiva para astillero y armador. “Parecía demasiado bueno para ser verdad cuando al astillero de Karstensens Shipyard, en Dinamarca se les presentó GreenOil por primera vez”, explican desde la empresa danesa, consolidada como proveedora de soluciones de filtración para combustible, motores, aceite de lubricación, sistemas hidráulicos, propulsores y bocinas, y cuyos sistemas están presentes en los últimos buques en construcción en las instalaciones del reconocido astillero danés, en Skagen.
Fuente: IndustriasPesqueras | lea el artículo completoaquí
Ambassador Einar Gunnarsson of Iceland, chair of the fisheries subsidies negotiations, has noted that WTO members have expressed broad support for the use of the draft text on reducing subsidies that contribute to overcapacity and overfishing, distributed at the beginning of the month, as a starting point for negotiations based. He added that he intended to dedicate the next debate, which will take place in October, to a joint reading of the text so that members can propose concrete modifications to the draft.
Only one in six forage fish populations in the Northeast Atlantic is both sustainably exploited and in a healthy state, according to a report published by Oceana. The marine conservation organisation is urging Northeast Atlantic countries to improve their management of these small fish, in advance of negotiations on fishing limits later this year.
Many marine species – from marine mammals and seabirds to commercially important fish – depend on forage fish such as sandeel, sprat, and herring as a primary source of food.
Executives at New Orleans, Louisiana, U.S.A.-based Prime Shrimp are on a mission to popularize at-home shrimp consumption across America by emphasizing their products’ convenience, high quality, and flavor.
Fresh off the launch of six frozen shrimp products 18 months ago, the shrimp processor and packager recently rolled out its newest flavor: New Orleans-style BBQ. The company is attempting to coax consumers who prioritize convenience away from meat and toward seafood.
Author: Christine Blank / SeafoodSource | read the full article here
Egyptian fisheries must be better managed to secure the overall health of the Mediterranean Sea's marine living resources, new research has found.
In a new paper in the journal Ocean and Coastal Management, researchers with the Sea Around Us initiative at the University of British Columbia and the Arab Academy for Science, Technology and Maritime Transport reconstructed Egypt's marine fisheries' catches from the Mediterranean in the last 100 years and found strong evidence of resource overexploitation. Such overexploitation has pushed fishers to go farther and deeper, increasingly resorting to species lower in the food chain.
"The Egyptian Mediterranean marine fisheries consist of a century-old, predominantly trawl fishery as well as other fisheries, such as longlining, purse-seining and multi-gear traditional fisheries," said Dr. Myriam Khalfallah, who led the study as a post-doctoral fellow with the Sea Around Us. "From 1920 to 2019, 3.8 million tons of fish and invertebrates were removed from Egypt's Mediterranean waters. We identified major peaks in catches followed by drastic declines caused by various external events and increased fishing pressure." [...]
Sponsored by the Spanish Technological Platform for Fishing and Aquaculture (PTEPA), the main agents of the fishing value chain (CEPESCA, FNCP, FEDEPESCA, APROMAR, Association of Wholesale Fish Entrepreneurs of Madrid, Rula de Avilés) and technological agents of the fishing sector (Biolan Microbiosensores and Sinerxia Plus ) have developed this strategy within the framework of the PESCAZUL project, which has had the support of the Next Generation funds and the Recovery, Transformation and Resilience Plan promoted by the Government of Spain, specifically, through the call for projects of blue growth for Knowledge Spaces, of which the PTEPA is a part.
Its result, the “Spanish Strategy from Sea to Table”, aims to The objective is to transfer the proposed objectives from the sector entities that have participated in the project, to configure broad lines of action to help public authorities design the lines of work to achieve the objective of achieving a fishing and fishing value chain. sustainable, resilient and innovative aquaculture.
A strategy to achieve a more sustainable and resilient sector after COVID-19 and to respond to the incomplete nature of the European Strategy “From farm to fork”.
The Spanish strategy from sea to table arises as a response to the recent approval by the European Union of the “From farm to fork” strategy, one of the axes of the European Green Deal, with the aim of responding to the challenges in the food sector European. A European strategy, which has not met the expectations of the Spanish fishing and aquaculture value chain, which expected from the document, a greater presence of fishing and aquaculture activity.