High seafood prices have driven Norway to its third-best month ever in terms of export value, despite many species seeing lower volumes overall and reports of “unrest” in salmon markets.
Norway sold NOK 14.4 billion (USD 1.5 billion, EUR 1.4 billion) worth of fisheries and aquaculture products to overseas markets in November, representing an increase of 19 percent, or NOK 2.3 billion (USD 235.3 million, EUR 222.9 million), compared
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Following on from its November 2022 announcement it plans to exit the U.K. value-added seafood market, Reykjavik-headquartered Iceland Seafood International (ISI) has signed a letter of intent to sell the loss-making business to an unnamed buyer.
“Further to Iceland Seafood’s announcement on 17 November, Iceland Seafood has today signed a letter of intent (LOI) with a respected industry player to sell its subsidiary
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Portugal and Slovenia have become the latest E.U. countries to adopt the European Maritime, Fisheries, and Aquaculture Fund (EMFAF) program, opening the countries to millions in funding.
Portugal will receive EUR 392.6 million (USD 413.2 million) over the next six years, the European Commission has confirmed.
The total financial allocation for the Portuguese program is EUR 539.9 million (USD 568.4 million), with the Commission
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With food prices continuing to rise and a tough Christmas holiday period ahead, many U.K. consumers will be managing their budgets more tightly than at the start of the cost-of-living crisis, according to an analysis commissioned by grocery retail app Ubamarket.
The cost-of-living crisis is expected to have an increasingly significant impact on retailers and consumers in the U.K. market, with British Retail Consortium (BRC) advising that in the
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Greece and Romania have become the latest countries to adopt European Maritime, Fisheries and Aquaculture Fund (EMFAF) programs and will receive EUR 364 million (USD 383.3 million) and EUR 162.4 million (USD 171 million) respectively in E.U. funding over the next six years.
The total financial allocation for the Greek program 2021-2017 is EUR 519.6 million (USD 547.2 million), while Romania is apportioned EUR 232 million (USD 244.3 million).
The
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Spain is to receive EUR 1.12 billion (USD 1.2 billion) from the European Maritime, Fisheries, and Aquaculture Fund (EMFAF) 2021-2027, and Croatia EUR 243.6 million (USD 252.7 million), the European Commission has confirmed.
The total financial allocation for the Spanish program is EUR 1.57 billion (USD 1.6 billion), while Croatia’s is EUR 348 million (USD 361.1 million). The EMFAF replaced the European Maritime Fisheries Fund in 2021, and
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Norway has received approval for an increased 2023 quota for "mackerel sturgeon" – better known as bluefin tuna – with its total quota for the species rising 23 percent to 368 metric tons (MT).
Norway may transfer 15 MT of unfished quota from 2022 to 2023, which means that Norwegian fishermen can fish up to 383 MT iof Atlantic bluefin tuna in 2023 …
Photo courtesy of Guido
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Germany and Bulgaria are the latest countries to adopt European Maritime, Fisheries, and Aquaculture Fund (EMFAF) programs and will receive EUR 212 million (USD 217.8 million) and EUR 85 million (USD 87.3 million), respectively, in E.U. funding over the next six years.
The E.U.'s total financial allocation for the German program is EUR 302.6 million (USD 310.9 million), while Bulgaria’s is EUR 121 million (USD 124.3 million).
According to
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Bergen, Norway-headquartered Grieg Seafood has put its offshore project Blu Farm on hold in response to the Norwegian government’s proposed rent resource tax for salmon farming.
With an investment framework of NOK 750 million (USD 73.7 million, EUR 71.7 million), Grieg was planning to build the offshore farm in the Rogaland area, having earned approval for it from the Norwegian government in 2017
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The U.K. government has come under fire from UK Fisheries CEO Jane Sandell for letting down English fishers in its bilateral agreement with Norway covering 2023 fishing opportunities.
UK Fisheries operates the freezer trawler Kirkella and the fresh fish trawler Farnella.out of the port of Hull, U.K., fishing for cod and haddock. Since Brexit, UK Fisheries has been calling for the return of a larger quota. In 2019, it fished almost
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