Rehovot – Steakholder Foods Ltd. (Nasdaq: STKH) today announced that it has received its second-phase payment of USD 270,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD). To date the Company has received a total of USD 490,000 from the USD 1,000,000 grant awarded to Steakholder Foods from SIIRD. 

The first installment was disbursed in March 2024 following the Company’s successful production of 3D-printed hybrid fish using its proprietary Printer HD144 and Drop Location in Space (DLS)™ printing technologies. This second milestone payment was triggered by the Company’s creation of plant-based 3D-printed fish and eel. The team is moving forward with new premix blends for the second phase of the project – 3D printed eel.

The team has made great advancements in the creation of eel texture and flavor. These advancements underscore Steakholder Foods' dedication to pushing the boundaries of food technology and offering diverse, sustainable alternatives to traditional seafood.

Ichimasa Kamaboko announced on the 12th that at the board of directors meeting held on the same day, it had resolved to acquire additional shares in PT.KML ICHIMASA FOODS, an Indonesian equity method affiliate, and make it a consolidated subsidiary. 

This decision was made as part of the company's efforts to build and expand its overseas business, with the aim of becoming a "global company that contributes to the world through Japanese food." (Hosoyama Shinichi)

PT. KML ICHIMASA FOODS (KIF) is one of the biggest crab stick manufacturers in Indonesia, KML Ichimasa foods was a joint venture between the KML group in Indonesia and Ichimasa Kamaboko Japan. Joint Venture started in 2015 and the Bogor processing plant with a 2500 MT yearly capacity was inaugurated in 2016.

The crab stick is formulated by experts from Ichimasa Kamaboko Japan, by adapting the manufacturing techniques from Japan and supported with high-quality main raw material surimi from KML Food.

Our product is made from fresh surimi and fine ingredients that are blended perfectly by highly trained manpower to shape and resemble crab leg with its fine natural color.

Reston, VA – The National Fisheries Institute’s (NFI) members approved a new slate of Directors of the Board at its Annual Membership Meeting. 

NFI’s bylaws allow for a 51-person Board, with 45 at-large Directors. There is an 18-person Executive Committee drawn from the Board and six officers. NFI elects a new slate of board members annually to serve three-year terms. 

“This Board is comprised of some of the most knowledgeable individuals in the seafood community,” said NFI President and CEO Lisa Wallenda Picard. “The NFI Board of Directors’ never-ending commitment to the industry will always impress me, and I’m honored to welcome these new voices and outlooks to the Board.” 

The newly elected Board members as well as Executive Committee members in italics are as follow: 

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Lisa Webb, Gorton’s Inc. Vice President of Operations, joins the officer’s group as Treasurer and David Melbourne, President and CEO of AquaBounty Technologies, Inc., joins the officer’s group as Secretary. 

Consolidated FY2024 April-September period: mixed results for marine products

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[Financial Results] Four major seafood companies see increased revenue for all, three companies see increased operating profits/April-September 2024 consolidated period. Mixed results for seafood products

The consolidated financial results for the April-September 2024 period for the four major seafood and food companies all maintained an increase in revenue, as in the first quarter. All three companies, except Maruha Nichiro, saw an increase in operating profit. While sales in the seafood division were solid, profits were mixed depending on the products handled, such as salmon and trout, which sold well, and pollock paste, which saw a slump in market prices. 

It was revealed on the 12th that Seven & i Holdings had closed all eight of its convenience stores in Israel by the end of July.

It appears that the company decided that it would be difficult to continue its business due to ongoing fighting between Israel and the Islamic organization Hamas.

Seven-Eleven targets store sales of 30 trillion yen in fiscal 2030 to counter takeover bid

The company opened its first store in Israel in January last year. It sold sandwiches, salads, and other foods that comply with Jewish law. A spokesperson for the company explained that it was "not withdrawing from the country."

7-Eleven began operations in Israel only early 2023 year, with plans to open some 400 more outlets.

QUINGDAO - Cornelis Vrolijk did the honors for the Netherlands at the large China Fisheries & Seafood Expo last week in Qingdao. The Vrolijk group, no stranger in China, was the only Dutch stand holder among the more than 1,600 exhibitors.

Since its first edition in 1996, the annual fish fair has grown enormously. With an exhibition floor of 45,000 square meters and around 35,000 visitors, it is one of the largest fish fairs in the world, since 2019 in Qingdao's new Hongdao International Convention and Exhibition Center, the largest exhibition complex in northern China.

Cornelis Vrolijk, including Primstar, speaks through director Annerieke Vrolijk of a successful busy fair. "It was nice to welcome our Asian customers. Despite the ailing economy in China, we see that the demand for our products is growing, and we hope to continue this trend in 2025."

With 1.4 billion inhabitants and a love of all things swimming, China remains a promising growth market for fish. According to agricultural specialists at Rabobank, China is looking beyond its borders to meet increased domestic demand. China is expected to import around 29 billion dollars in 2030, which will make it far surpass the United States as a huge fish market.

The owner of aquafeed manufacturer BioMar may list the company separately, it has announced.

Industrial conglomerate Schouw & Co., which is listed on the Copenhagen Stock Exchange, has owned BioMar for 19 years and would continue to hold a majority stake.

Schouw & Co. has initiated an evaluation of a possible separate listing of BioMar. Since BioMar became part of the Schouw & Co. Group in 2005, we have grown to become a leading global producer of sustainable aquaculture feeds and have increased our revenue by almost six-fold. A potential separate listing of BioMar could provide the right platform for BioMar to continue our growth trajectory

Source: fishfarmingexpert l Read the full article here

The companies Biolam, based in Zamudio (Bizkaia), Adisseo and Cargill have merged into the Sustainable Shrimp Partnership. This alliance aims to integrate the entire production chain of the shrimp sector, involving producers, suppliers and other entities with a shared commitment to sustainability.

The Sustainable Shrimp Partnership (SSP) recently announced the entry of Adisseo, BIOLAN and Cargill as new associate members, consolidating a strategic alliance aimed at transforming aquaculture towards more responsible, sustainable and transparent practices. This step represents a strengthening of the SSP's mission, which aims at sustainable shrimp production on a global scale.

Source: EuropaAzul l Read the full article here

The global aquaculture market is poised for remarkable expansion by 2034, driven by a combination of technological advancements, consumer demand for sustainable seafood, and innovations that make aquaculture more efficient and less resource-intensive. The adoption of collaborative robots, or “cobots,” is one of the most transformative trends in the industry, aiding in various aquaculture processes and promising to shape the future of this market.

Source: Fish Focus l Read the full article here