The Danish headquartered BioMar Group – one of the world’s Top 3 salmonid feed companies – has signed this week a Memorandum of Understanding (MoU) with the Chinese Tongwei Co. Ltd to establish a Joint Venture dedicated to producing and selling high performance feed for aquaculture in China. The target of the Joint Venture is to become one of the leading suppliers of high performance feed to the Chinese aquaculture sector and in a second step to expand further to other Asian markets. The two companies have agreed to start building a feed factory with an annual capacity over 100,000 metric tons in China, scheduled to start operation in 2016. In the next stage BioMar and Tongwei target to expand with 3‐5 new factories of a similar or larger scale in China and to expand with production and sales in other countries in Asia. Continue reading BioMar inks 50/50 JV deal with Tongwei in China & SE Asia to produce & sell marine & freshwater Sp. aquaculture feeds in China; +100,000t by 2016
Scientists at the University of South Florida’s College of Marine Science have developed a handheld sensor capable of debunking fraudulent seafood species claims, helping to ensure that consumers are get what they pay for, they announced on Tuesday (February 3, 2015). It’s estimated that up to 30 percent of the seafood entering the U.S. is fraudulently mislabeled, bilking U.S. fishermen, the U.S. seafood industry, and American consumers for an estimated $20-25 billion annually. Passing off other fish as grouper is one of the rackets this sensor aims to stop.
The U.S. Food and Drug Administration has released the results of a two year investigation into seafood labeling that found 85 percent of the seafood it tested was properly labeled, the U.S. National Fisheries Institute (NFI) hailed in an October 27, 2014, press release titled “FDA Study Finds Limited Seafood Mislabeling – Reports of rampant mislabeling should be carefully studied and questioned”. Continue reading DNA traceability: FDA study finds 15% of U.S. seafood mislabeled; NFI hails ‘limited’ finding & calls for ‘more enforcement, not more regulations’