Markets Archive
Lidl joins seafood disclosure project
THE retailer Lidl has become the first major discounter to publish a full public profile list of all the sources of its wild caught seafood on the Ocean Disclosure Project (ODP) website. This gives information on fishery management, catch methods, and likely environmental impact. Amali Bunter, responsible sourcing manager at Lidl UK, said: ‘We are extremely proud of…
Read MoreStranraer Oyster Festival secures funding
THE second edition of an oyster festival in south west Scotland has secured nearly £50,000 of National Lottery funding, the BBC reported this morning. The event, which started last year, was one of three projects across the ITV Border area to receive the most The People\’s Projects public votes. The festival – designed to celebrate…
Read MoreNorway enjoys best ever cod period
NORWAY has enjoyed its best ever quarter for overseas sales of cod which reached a total export value of more than three billion kroners (£273.5 million). It is also finding expanding new markets away from its traditional northern hemisphere areas, such as the UK. Ingrid Kristine Pettersen, from the Norway Seafood Council, said that various…
Read MoreFuel cost threat to fishing profits – survey
THE UK fishing fleet earned a record £950 million last year as the volume of landings rose by 10,000 tonnes. However, the figures, compiled by Seafish, also show that higher fuel costs are starting to eat into operating profits. Seafish’s preliminary estimates reveal that skippers and vessel owners are reporting that spending on fuel is now taking up 12 per cent of…
Read MoreUK ‘could be open to quota trade-offs’
BRITAIN could be open to trading off some of its fishing rights after Brexit by allowing European trawlers into its waters, the chancellor, Philip Hammond, has suggested. Asked during an address at London\’s Canary Wharf financial centre whether it would be acceptable to exchange fishing rights for a better deal in other sectors of the…
Read MoreCFP -tactical concession or capitulation?
A TACTICAL concession or capitulation? That was the provocative question posed last night by the National Federation of Fishermen\’s Organisations (NFFO) following the news that the UK will remain in the Common Fisheries Policy during the 21-month transition period and will not quit next March, as expected. The NFFO, which represents hundreds of fishermen in England, Wales and Northern…
Read MoreGrimsby ‘will meet Brexit challenges’
THE head of Grimsby Fish Market said the port has the ability and determination to overcome whatever challenges leaving the European Union next year will throw up. In a spirited defence of the local industry, Martyn Boyers, who is also chief executive of Grimsby Port East, called on the political establishment to start delivering on Brexit.…
Read MoreFishermen welcome support for CFP exit
FISHERMEN’S leaders have welcomed the commitment from two cabinet ministers and the leader of the Scottish Conservatives to leaving the Common Fisheries Policy in March 2019. In a joint statement, Michael Gove and Ruth Davidson, who were on opposite sides in the referendum campaign, backed the Scottish Fishermen’s Federation position. Chancellor Philip Hammond also voiced…
Read MoreClearwater to fight clam fishery ruling
CLEARWATER Seafoods, one of North America\’s main fish businesses and owners of Macduff Shellfish in Scotland, is to take legal action after losing its monopoly to Canada\’s rich Arctic surf clam fishery. Canada\’s Department of Fisheries and Oceans has awarded a company in Nova Scotia, along with indigenous groups in the Atlantic provinces and Quebec, 25 per cent of the…
Read MoreBakkafrost hails ‘excellent’ Q4 results
THE Faroese salmon farming company Bakkafrost Group today announced a total operating profit (EBIT) of 331.2 million Danish kroners in the final quarter of 2017 – down from the corresponding 2016 quarter of DKK 349.6 million, mainly due to the fall in salmon prices. The Q4 harvested volumes totalled 11,5000 tonnes (12,900 tonnes in Q4 2016) gutted weight, while combined farming and VAP segments made…
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