Fake label? Conagra and Bumble Bee made into defendants by their consumers

    Conagra and Bumble Bee are facing class action lawsuits against consumers over the Marine Stewardship Council (MSC) sustainable labeling on their products. The appeal, which has been filed separately in federal courts in Illinois and California, seeks damages of about $5 million (€4.7 million).

    Prices go up but customers do not go down

    The trifecta of skyrocketing food, labor, and energy prices are some of the consequences and challenges that are suffering food service operators despite the increase in total annual sales in U.S. restaurants in January.

    Austevoll Seafood in South America more expected that achieved

    Austevoll Seafood ASA Group (AUSS) had a higher total revenue in Q4 of 2022 compared to the same period in 2021, which may indicate growth in their business, but in spite of that, the profits were not as positive as they could have been in South America. Various factors such as higher operating costs, lower margins, or unexpected expenses has complicated the financial expectatives of There are two companies in the group based on South America: the Austral Group S.A.A. (Austral) in Peru and Foodcorp S.A. in Chile. The first one has no success in their projection in fishmeal and oil production, while the second one close the Q4 with more catch but less money. Austral Group S.A.A. On the one hand, Austral had a low fish meal and fish oil inventory at the beginning of...

    NovoMar is Ready to Meet a New Challenge

    NovoMar, formerly known as Platina Seafood, has undergone a rebranding under the leadership of CEO Emil Andreassen and is...

    A record January for Norwegian seafood exports

    Norway exported seafood products worth NOK 12.700 million (€1.156 million, $1.261 million) in the first month of 2023. That...

    Mowi cleared of price-fixing allegations

    The Department of Justice in the USA has informed Mowi ASA that they have closed their investigation into the...

    Japanese yen depreciation gives seafood companies consolidated earnings in Europe and North America

    The Japanese food service industry has taken longer than other countries to improve and reestablish itself. The emergency declaration...

    Experts welcome salmon Christmas campaign

    The price of salmon will raise to 15 percent next week. Moreover, from week 41 to week 45 the...

    Leroy’s harvest volume reduced and weaker farming growth than expected

    According to Lerøy Seafood Group's Q3 2022, Earnings in the VAP, Sales & Distribution segment have been negatively impacted...

    “The tax will hit harder and wider than what was intended,” Norwegian report suggests

    The challenges of the salmon tax report outline that the Norwegian government’s proposal "will hit harder and wider than...

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