The German multinational Evonik, specialized in the production of chemicals and nutrition supplements for aquaculture, has recorded a 19% decrease in its EBITDA in the second quarter to 465 million euros. The company's sales fell 14%. "Sales and earnings in the second quarter decreased compared to the prior year due to significantly weaker demand in some markets," the company reported in a statement.
"Evonik is weathering the crisis," says Christian Kullmann, Chairman of the Board of Directors. “In the second quarter we felt the effects of the pandemic. However, strategic changes in the portfolio and the implementation of our efficiency programs contributed to us getting through the first half of the year better than initially expected.
Source: iPac.acuicultura | Read the full articlehere
What is a quality diet? FAO summarizes the answer in four points: variety / diversity, suitability, moderation and overall balance. For the WHO, another UN body, a quality diet implies protection against malnutrition in all its forms, as well as non-communicable diseases such as diabetes, heart disease, strokes and cancer. It is a "balanced, varied and adequate" selection of foods that are consumed over a period of time, which allows meeting the needs of macronutrients (proteins, fats and carbohydrates including dietary fibers) and micronutrients at the same time essential (vitamins and minerals) of each person according to gender, age, level of physical activity and physiological state. However, there is no magic formula. Its composition is a mixture of individual characteristics, as well as cultural context, locally available foods, and eating habits.
Source: Industrias Pesqueras | Read the full articlehere
Lunenburg, Nova Scotia, Canada-based High Liner Foods' latest earnings report indicates the company has seen significant impacts on sales volume due to the ongoing COVID-19 pandemic, but has managed to maintain its earnings before interest, taxes, debt, and amortization (EBITDA) and increase its net income in spite of the challenges.
High Liner Foods second-quarter earnings report showed the company sold a volume of 49.3 million pounds in Q2, a decrease of 11.1 million pounds from 60.4 million pounds sold in the same period in 2019. That decrease in volume corresponded with a decrease in overall value: Q2 sales amounted to USD 165.8 million (EUR 140.7 million), down by USD 57.2 million (EUR 48.5 million) from last year’s USD 223 million (EUR 189 million).
Author: Chris Chase / SeafoodSource | Read the full articlehere
Scotland’s potential as a market for closed cages has prompted the Norwegian company behind Cermaq’s semi-closed containment system (SCCS) to set its sights on the Scottish salmon industry.
Fiizk, which makes a cage that uses an impermeable tarpaulin wall instead of a net, is in the process of recruiting a sales / general manager to be based in Scotland.
The company’s marketing chief, Kevin Skarholt, said interest from Scotland’s salmon farmers in its product was the primary reason for having a permanent presence in the country.
Author: Gareth Moore / fishfarmingexpert | Read the full articlehere
Norway exported seafood worth NoK7.9 billion in July, maintaining the same export levels as July 2019. So far this year, Norway has exported seafood valued at NoK60.8 billion. Export value has increased by 3% compared to the same period last year.
The value of last month’s seafood exports equalled last year’s record for July. There are a number of contributing factors, including a weakened Norwegian krone, but there are relatively large differences between species.
Saithe and herring prices have held up relatively well compared with more expensive species such as salmon and cod fetching lower Euro and Dollar prices, plus there has been a weaker demand for salmon, especially in some Asian markets.
Author: Quentin Bates / FiskerForum | Read the full articlehere
From Monday 17.08.2020 the prices will be as follows:
Recent?changes show?a decrease of 4,46?% in?the fish meal indicator and?5,66?% in the oil indicator after the correction in the comparison between fish oil and rape seed?oil. This will result in?changes in the minimum prices of raw materials used for fish meal and oil purposes.
These new prices will come into effect from 17. Aug. 2020.
China and Ecuador are preparing a memorandum of understanding with the purpose of formalizing the safety and biosafety protocols that are met in the export of Ecuadorian shrimp to the Asian market. This has been announced by the Ecuadorian Ministry of Production, Foreign Trade, Investment and Fisheries while informing that the General Administration of Customs of China has notified the Embassy of Ecuador in Beijing about the lifting of the suspension of one of the establishments of the packing plants of the Ecuadorian shrimp exporter: Industrial Pesquera Santa Priscila.
According to the Ecuadorian government, this uprising has been possible after "the timely deployment of diplomatic efforts in Beijing, as well as effective inter-institutional coordination and permanent public-private synergy."
Source: iPac.cuicultura | Read the full article here
The Ministry of Production (Produce) announced that on August 15, the first 2020 fishing season of the anchovy (Engraulis ringens) and white anchovy (Anchoa nasus) resource corresponding to the north-central zone will conclude.
According to Ministerial Resolution 263-2020-PRODUCE, published in the El Peruano newspaper, the unloading of the anchovy resource must be carried out within 24 hours after the end of the season.
Likewise, the processing of the anchovy resource has to be carried out within 48 hours of its conclusion.
Thai Union has doubled its stake in a subsidiary in Russia in an effort to expand markets in Europe, the seafood giant said in a filing to the Stock Exchange of Thailand on Monday, 11 August.
A transaction completed in July saw Thai Union’s stake in TUMD Luxembourg (TUMD) – held through its subsidiary, Thai Union EU Seafood 1 S.A. – increase to 90 percent from 45 percent previously. MDF Investments Ltd. holds the remaining 10 percent in TUMD.
TUMD wholly owns three Russian companies including Dalpromryba LLC, Torgovo-Promyshlenny Komplex Dalpromryba LLC, and Maguro LLC, which are collectively referred to as the DPR Group (DPR). DPR’s focused business is fish and seafood retail.
Author: Toan Dao / SeafoodSource | Read the full article here