An end to long-running tax cases against Samherji has been reached, with the fishing and fish-processing company and its associates agreeing to settlements with Iceland’s Revenue and Customs Office.
In a statement, Samherji confirmed its settlement involved the reimposition of tax on companies in its group for the operating years 2012 through 2018. Simultaneously, Iceland’s District Prosecutor has dropped criminal charges
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Soaring raw material costs are becoming a growing problem for Europe’s aquaculture industry and the broader retail value chain, according to speakers at a recent webinar organized by the European Commission’s European Market Observatory for Fisheries and Aquaculture (EUMOFA),
In particular, Ireland’s salmon-farming industry, which is entirely focused on the delivery of organic products, is suffering as a result of higher prices
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The cost of raw materials for both fish processing and aquaculture production have soared across Europe this past year.
While prices were already high thanks to the effects and supply chain uncertainties created by the Covid-19 pandemic, Russia’s invasion of Ukraine in February 2022 and the resulting international sanctions exacerbated the situation and sparked even more-dramatic increases for these essential inputs. Of almost equal
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Norway earned 25 percent more from its seafood exports in 2022, with its export total surprassing 2021's record value by NOK 30.7 billion (USD 3 billion, EUR 2.9 billion) to reach NOK 151.4 billion (USD 15 billion, EUR 14.1 billion).
The value of Norway's seafood exports have tripled since 2012, when the country’s seafood trade totaled NOK 47.7 billion (USD 4.7 billion, EUR 4.5 billion).
Despite the record value, Norway's total exported
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Despite mounting concerns over rising costs and general market conditions, there’s optimism across the aquaculture industry coming into the New Year, according to new analysis compiled by the RaboResearch unit of Rabobank.
Summarizing key takeaways from the Global Seafood Alliance’s (GSA) GOAL Conference 2022, held in Seattle, Washington, U.S.A. in October 2022, Rabobank’s latest aquaculture report, “What to Expect in the
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Frøya, Norway-based SalMar’s mandatory tender offer for all the outstanding shares in Norwegian aquaculture firm NTS has concluded with SalMar taking control of almost 93 percent of the shares and voting rights in NTS.
SalMar won a bidding war for NTS in February 2022, and its takeover was approved by E.U. competition authorities in November 2022.
Announcing the preliminary result of the tender offer to Oslo Børs on 21
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The U.K. fishing industry has secured an additional 140,000 metric tons (MT) of fishing opportunities worth GBP 282 million (USD 341.8 million, EUR 326.4 million) for 2023 through a fisheries accord reached with the European Union.
The U.K. and E.U. reached an agreement on catch levels for 69 fish stocks, including some of the most commercially-valuable stocks to the U.K. fishing industry, such as North Sea nephrops, worth GBP 54
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Sales of salmon across the U.K. retail market are likely to total GBP 1.2 billion (USD 1.5 billion, EUR 1.4 billion) in 2022, and salmon's market share is increasing ahead of the busy Christmas period, according to new data published by producer organization Salmon Scotland.
“With food price rises, soaring energy bills, and rampant inflation, the fact that salmon has increased its share of the U.K. market demonstrates the popularity of our
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Consumers in the United Kingdom are being warned about specific ready-to-eat smoked fish products being sold by discount retailer Lidl that are linked to an outbreak of Listeria monocytogenes.
Both Food Standards Scotland (FSS) and the Food Standards Agency (FSA) have advised that products produced by St. James Smokehouse and sold under Lidl’s “Deluxe Oak Smoked Scottish Loch Trout” and “Lighthouse Bay Smoked
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Cod and haddock caught and supplied by Norway’s fishing fleet is featuring in two new U.K. retail promotions organized in part by the Norwegian Seafood Council (NSC).
Collaborative campaigns showcasing the provenance and sustainability of Norwegian whitefish to customers at Asda and Marks & Spencer (M&S) went live in Q4 2022. The NSC/Asda campaign is a digital activation across its website, while its drive with M&S
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