Springdale, Arkansas, U.S.A.-based Tyson Foods, Inc. – one of the world’s largest food companies – has invested in insect ingredients firm Protix.
Tyson Foods is responsible for producing around 20 percent of the beef, chicken, and pork consumed in the U.S., through the Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright Brand, Aidells, and State Fair brands. Its direct equity investment, announced on 17 October, gives Tyson
… Read MoreBirkirkara, Malta-based Aquaticode has introduced a new AI-powered gender-sorting system for farmed salmon.
Aquaticode’s SORTpro system is designed to categorize up to 10,000 juvenile salmon per hour based on gender and other performance traits. The system has been trialed since 2021 by Salmones Camanchaca and found to have a 97 percent accuracy rate, with no increase in mortality rates.
"Innovation is central to our strategy at
… Read MoreCP-Uoriki, a collaboration between CP Food Global Solutions (CPFGS) and Uoriki, has opened two seafood markets in Bangkok, Thailand.
Tokyo, Japan-based Uoriki is a seafood retailer, wholesaler, and foodservice supplier. CPFGS is a subsidiary of Bangkok, Thailand-based Charoen Pokphand Foods focused on distribution of fresh and processed food products in Thailand. In May 2022, CPFGS signed a memorandum of understanding with Uoriki Co.,
… Read MoreUkraine is set to introduce a requirement that food export companies register with the government in order to crack down on fraud and tax avoidance.
All Ukrainian food exporters must register with the State Agrarian Register, and additionally, companies wishing to export must be registered as value-added taxpayers and have no tax debts or delays in tax payment or returns of foreign currency, according to Reuters.
Ukraine is a major grain
… Read MoreAarhus, Denmark-based aquafeed firm BioMar has signed a letter of intent with Woburn, Massachusetts, U.S.A.-headquartered Yield10 Bioscience to commercialize a fish oil alternative derived from Camelina sativa, also commonly known as false flax or linseed dodder.
The two firms will work together to “commercialize a camelina crop containing enriched levels of EPA and DHA equal to fish oil.” BioMar characterized the partnership as
… Read MorePacifico Aquaculture has scored an investment from U.S. sustainability-driven asset management firm Equilibrium Capital, along with additional funding from majority owner Butterfly Equity, to build a recirculating aquaculture system and expand its nursery and hatchery capacity for its striped bass farm in Ensenada, Mexico.
Founded in 2010, Pacifico produces around 2,000 metric tons of farm-raised striped bass annually and carries Best
… Read MoreSpanish seafood firms Atunlo, Fandicosta, and Actemsa have initiated formal pre-bankruptcy procedures, bitten by financial pressures related global trading shifts and higher interest rates.
Vigo, Spain-based tuna specialist Atunlo is suffering from surplus stocks and sales declines, forcing it to make a formal filing with a Spanish bankruptcy court that it intends to seek to negotiate with its creditors due to an inability to meet all its
… Read MoreIn early October, Icelandic investment fund IS Haf announced its acquisition of a 53 percent stake in Thor Landeldi, which is developing a 20,000-metric-ton land-based Atlantic salmon farm in Laxabraut, Iceland.
IS Haf was created in February 2023 by Íslandsbanki’s mutual fund management firm Íslandssjóðir (Iceland Funds), has ISK 10 billion (USD 73 million, EUR 70 million) under management, and is focused
… Read MoreNegotiations of a sale of Nueva Pescanova to Cooke Inc. have been called off by Abanca, the owner of the Redondela, Pontevedra, Spain-based vertically integrated seafood firm.
Cooke entered into an exclusivity agreement with Abanca in April 2023 in negotiating a purchase of an 80 percent stake in Pescanova, but the deal-making went cold in July after the two sides could not come to an agreement on the price. In
… Read MoreHigh Liner Foods, Ocean Beauty Seafoods, Trident Seafoods, and E&E Foods are among the competitors entering the 2024 Alaska Symphony of Seafood.
The event, organized by the Alaska Fisheries Development Foundation since 1994, is a competition for commercial-ready, value-added products, with the goal of promoting new products made from Alaska seafood. The product entries will compete for prizes in eight categories: the Grand Prize, Salmon
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