The innovative French company in the breeding of insects, Ÿnsect, announced this Tuesday, October 6, that it has closed an additional financing round of 372 million dollars (315 million euros); the largest amount ever raised by a non-US "agtech" company.

With the new capital, the company says, it is expected to finance the completion of the construction of the world's largest insect farm; It will open in the city of Amiens, France, in early 2022. Ÿnsect will produce 100,000 tons of insect products per year at these facilities and will create 500 direct and indirect jobs. 

Source: iPac.acuicultura | Read the full article here

Andfjord Salmon, which is planning to produce 70,000 tonnes of fish a year in three on-land farms on the Norwegian island of Andøya, has appointed a new chief financial officer as it nears completion of its first salmon pool.

Bjarne Martinsen is moving to Andfjord from a position as finance manager with Norway’s food safety authority, Mittilsynet. He is a state authorised public accountant from NHH (Norwegian School of Economics) and has extensive industry leadership and financial experience from banking, insurance, TV distribution and auditing.

Source: fishfarmingexpert | Read the full article here

After the start of the health crisis, imports in the Asian country fell sharply due to the possibility of contagion from Covid-19. Today, this situation has been changing gradually, but there are still resentments about products from other nations. For this reason, SalmonChile and its associated companies created a communication campaign aimed at reassuring and re-enchanting the Chinese consumer.

Since the beginning of the health emergency, the Chilean salmon industry has been concerned about its exports to the more than 100 markets where this product is marketed.

In this scenario, the first destination that caused concern in our country was China, where Covid-19 originated, where imports fell sharply due to the attempt to contain the spread of the virus.

Source: aqua.cl | Read the full article here

Walmart is selling its majority stake in U.K. grocery chain Asda for GBP 6.8 billion (USD 8.8 billion, EUR 7.5 billion).

The Issa brothers, founders and co-CEOs of EG Group, a global convenience and forecourts retailer in Blackburn, U.K., and investment funds managed by TDR Capital LLP, are acquiring Asda, the companies said in a press release.

The Issa brothers and TDR Capital are acquiring a majority ownership stake in Asda, while Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the board.

Author: Christine Blank / SeafoodSource | Read the full article here

Your commitment and trust in THAIFEX and Anuga have brought about a successful THAIFEX - Anuga Asia Hybrid Edition!

Thank you for being part of this challenging journey with us. We are humbled to bring you a physical platform, a business channel for networking and exploring potential collaborations.

This special edition welcomed 797 exhibitors and 21,104 trade visitors, and the success of the event highlights the positive outlook for the F&B industry and strongly signifies the importance of a physical event as an integral platform for businesses to leverage new opportunities.

 

Transaction-driven CageEye hunts for money and new acquisition targets.

EUR 39 million is the amount the start-up company CageEye is seeking in an ongoing fundraising. In a shareholder letter, dated 26 August, CEO Bendik Søvegjarto talked about its advanced plans for the fundraising the company will make this autumn:

“The material for the upcoming Series B round will be updated together with DNB and Danske Bank, which we have been working with since the start of 2020 and will lead the next round of capital raising.”

Author: Aslak Berge / SalmonBusiness | Reaf the full article here

North Atlantic fisheries for Atlanto-Scandian herring are threatened with the loss of crucial MSC certification due to what the MSC sees as longstanding failures to reach international agreement on catch levels.

The MSC’s warning has been issued ahead of national representatives coming together this month to discuss the division of next year’s fishery, which follows ICES advice for 2021 North Atlantic pelagic fisheries that was published recently.

‘Four MSC-certified Atlanto-Scandian herring fisheries in the Northeast Atlantic are at a high risk of losing their MSC certificates on 30th December 2020, due to lack of an international agreement on how to manage catch levels between different nations,’ the MSC states.

Author: Quentin Bates / FiskerForum | Reaf the full article here

"So that they give us the kick in three years, it better be now", argues the sector before the London proposal for the exit of the community fleet

Keep calm and carry on. The phrase of the famous poster with which the British Government tried to raise the morale of the population in World War II is, in essence, the one that Michel Barnier hung in his press release after the ninth round of negotiations with the United Kingdom. But he conjugated it in the future: "We will keep calm and move on", united and determined until the end. Until the end of some arguments that have choked on the thorns of fishing.

Author: J. F. ALONSO E. ABUÍN / La Voz de Galicia | Read the full article here

Canada's Department of Fisheries and Oceans Canada (DFO) announced this past week that it will begin consultations with First Nations from Holmalco, Klahoose, Komoks, Kwiakah, Tla'amin, We Wai Kai (Cape Mudge) and Wei Wai Kum (Campbell River) over the aquaculture sites in the Discovery Islands. The information collected will be taken into consideration when the Government decides to renew, or not, the licenses for salmon aquaculture facilities located in the area before the expiration date set in December of this year. 

Source: iPac.acuicultura | Read the full article here

The Ministry of Production (Produce) has authorized the Institute of the Sea of Peru (Imarpe) to start exploratory fishing for the silverside resource (Odontesthes regia) for a period of 15 days or, failing that, until reaching 175 tons as the maximum catch to investigate or determine the decline in spawning of said resource. And the exploratory fishing of the woolly (Aulacomya atra), with artisanal fishing boats in the province of Ilo, Moquegua Region.

The exploratory fishing for silversides enters into force today and the investigation will allow to determine the current state of the resource, with emphasis on the structure by size, size and evolution of the main reproductive indicators in order to determine the decline in spawning of said resource.

Source: Industrias Pesqueras | Read the full article here