Markets

© GettyImages/XH4D

Global fishmeal production buoyant

By Jane Byrne

Global fishmeal production was up 55% in the first two months of 2023 compared to the same period the prior year, reported the IFFO.

Grain terminal in port of Novorossiysk. © GettyImages/	Leonid Eremeychuk

Cargill to stop handling Russian grains for export

By Jane Byrne

US agribusiness giant, Cargill, said it will further scale back its business activities in Russia, with it planning to stop handling Russian grain at its export terminal by mid-summer.

© GettyImages/Parradee Kietsirikul

Germany's JRS buys French seaweed processor Algaia

By Jane Byrne

Algaia, a French producer of seaweed-based products, has been sold to J Rettenmaier & Söhne (JRS), a German fiber and hydrocolloid specialist. The newly merged seaweed group is targeting the food, feed, agriculture, and pharma sectors

© GettyImages/OlyaSolodenko

Ukraine grain corridor deal extended

By Jane Byrne

The Ukraine grain corridor agreement, which expired over the weekend, has reportedly been extended, although the details of the terms remain shrouded in ambiguity, noted CRM Agri.

New Skretting facility for shrimp and fish feed in Mangrol, Surat in India © Skretting

Skretting opens new shrimp and fish feed facility in India

By Jane Byrne

Skretting, a division of Dutch group Nutreco, has inaugurated a new high-end production facility for shrimp and fish feed in Mangrol, Surat. It allows the feed manufacturer to further enhance its support for the Indian aquaculture sector.

© GettyImages/metamorworks

Blue economy impact fund adds €30m to its war chest

By Jane Byrne

The Ocean 14 Capital fund, focusing exclusively on the multi-trillion-dollar ‘blue economy’, has received an investment of €30m (US$32.1m) from Ingka Investments, one of the three core businesses of Ingka Group, the largest owner and operator of IKEA...