New Irish €26.8 million investment under Brexit Processing Capital Support Scheme.
Ireland’ Minister for Agriculture, Food and the Marine, Charlie McConalogue, has announced details of a €26.8 million investment in 44 seafood processing projects which are helping drive transformational change in the sector.
The Seafood Capital Processing Scheme is funded by the European Union under the Brexit Adjustment Reserve (BAR). Bord Iascaigh Mhara (BIM), Ireland’s seafood development agency, administers the scheme on behalf of the Department of Agriculture, Food and the Marine, which provides for up to €45 million in funding to the seafood processing sector.
Announcing details of the investment on European Maritime Day, Minister McConalogue said:
“The Processing Capital Support Scheme is providing significant investment in seafood processing enterprises, which employ some 4,000 people in rural coastal communities.
“This scheme is supporting seafood processing industry to develop their enterprises, navigate the challenging trading environment and support jobs in this important sector.
“I am pleased to highlight Brexit Adjustment Reserve funding opportunities available to the Irish seafood processing sector as Europe’s marine community come together on European Maritime Day.”
BioMar Ecuador has officially inaugurated the first phase of its facility expansion on 29 October, scaling up manufacturing capacity to satisfy escalating local demand for high-performance shrimp feed.
The milestone advances the company’s strategic program to elevate annual plant capacity from 300,000 to 410,000 tonnes during 2026 by optimizing current infrastructure and commissioning a new line, backed by toll-milling partnerships.
"Ecuador is one of the most important shrimp markets globally, and we see strong potential for continued growth," stated Henrik Aarestrup, VP LATAM Shrimp & Hatchery at BioMar.
BioMar Ecuador has broadened its client portfolio from small and medium-sized farms to long-term partnerships with leading producers. Managing Director Andres Rivadulla emphasized that the opening establishes the platform for the next development phase, which is slated to incorporate an additional 200,000 to 300,000 tonnes of capacity alongside extensive site infrastructure improvements.
Land-based salmon farmer Salmon Evolution (OSE: SALME) continues to progress its Phase 2 ramp-up at Indre Harøy, having recently completed the handover of four new tanks. This milestone brings the facility's total operational capacity to eight tanks.
The expansion project remains on schedule. The next two tanks are set to enter operation later this quarter, while the final two tanks are scheduled to become operational in Q1 2027.
Preparations for upcoming biomass introductions are well underway. Approximately 560,000 smolt are scheduled for stocking over the coming weeks. This will lift total planned 2026 stocking volume at Indre Harøy to approximately 2.8 million smolt, up sharply from around 1.7 million stocked in 2025.
Salmon Evolution remains focused on meeting combined Phase 1 and Phase 2 production targets, aiming to leverage increased production volumes to drive down unit operating costs. The company maintains harvest guidance of 11,000 to 12,000 tonnes HOG for 2027, targeting full production run-rate by mid-2027.
Western Paraná registers the largest weekly drop, of 0.38%
Farm-gate prices for Nile tilapia (Oreochromis niloticus) registered minor fluctuations across major Brazilian producing regions monitored by the Center for Advanced Studies in Applied Economics (Cepea) during the week of November 2nd to 6th, 2026.
Western Paraná recorded the sharpest weekly drop, easing 0.38% compared to the previous week to stand at R$ 8.67 (US$ 1.51) per kilogram. Downward adjustments were also observed in the Great Lakes region, where prices fell 0.21% to R$ 9.42 (US$ 1.64)/kg, and in Triângulo Mineiro and Alto Paranaíba, which slipped 0.11% to R$ 9.28 (US$ 1.61)/kg.
Conversely, values held firm across other monitored basins. Quotes in Morada Nova de Minas remained stable at R$ 9.24 (US$ 1.61)/kg, while Northern Paraná commanded the market peak at R$ 10.03 (US$ 1.74)/kg, according to official benchmark data compiled by Cepea.
The Food for Feed investigation highlights weaknesses in seafood traceability, with environmental and labour concerns raising questions about the visibility of activities further upstream.
The Outlaw Ocean Project’s Food for Feed investigation examines the global fishmeal industry, tracing the journey of marine ingredients from fishing vessels and processing plants through to their use in aquaculture feed.
Its accompanying Bait to Plate tool maps the movement of fishmeal through feed mills and fish farms to retailers, comparing companies’ sustainability claims with reported concerns linked to their suppliers.
Author: Isabelle Bylett / Worldfishing | Read the full article here
Researcher Uxío Labarta noted that Galicia exports over 48,000 tons of these bivalves to the rest of Europe.
Opmega (the Organization of Galician Mussel Producers) showcased the significant potential of Galician mussels—a driving force in European aquaculture—in Brussels this Tuesday. Accompanied by Members of the European Parliament (MEPs) Nicolás González Casares and Ana Miranda, Galician producers and scientists from the sector presented their strengths, the threats they face (such as Chilean mussels), and the opportunities that may arise through the "Vision 2040" framework for fisheries and aquaculture.
Source: La Voz de Galicia | Read the full article here
Norwegian salmon export prices fell for the second consecutive week, despite shipments remaining substantially higher than a year earlier, according to figures released on Wednesday.
The average export price for fresh salmon declined 2.2% to NOK 73.35 (€6.91) per kilogram in week 45, down from NOK 74.98 the previous week, according to Statistics Norway.
Fresh salmon export volumes reached 28,277 tonnes, a slight decline of 0.6% from the preceding week but 17.3% above the corresponding period in 2025.
Source: SalmonBusiness | Read the full article here
Lerøy Seafood Group’s fish farming division today reported a turnaround in earnings in the third quarter of this year compared to the same period last year.
The Norwegian group’s salmon and trout farming operations made an operating profit of NOK 113 million (£9m) in Q3 2026, in contrast to the NOK -306m operating loss of Q3 2025. Operating EBIT per kilo was NOK 2.1 (Q3 2025: NOK -5.2).
Harvest volume in Q3 2025 was 54,680 gutted weight tonnes, 8% lower than in the same period last year.
Author: Gareth Moore / fishfarmingexpert | Read the full article here
Norwegian Seafood Council campaigns featuring footballer Erling Haaland increased consumer recognition of Norwegian salmon in the USA and China, but had less impact in Germany.
The Norwegian Seafood Council (NSC) has reported increased consumer recognition of Norwegian salmon following advertising campaigns featuring footballer Erling Haaland during the 2026 FIFA World Cup.
Haaland, who became an ambassador for Norwegian seafood in 2024, featured in campaigns across several markets, including the USA, China and Germany.
Source: The Fish Site | Read the full article here
U.K. seafood brand Young’s is adding to its Gastro range of products, capitalizing on the nation’s growing acceptance of and preference for basa, also referred to as pangasius.
According to Sofina Foods Europe Seafood Marketing Director Kevin Sinfield, Young's was the first major brand to introduce basa to U.K. consumers back in 2008, and now, the fish has become the seventh most consumed species in the country.
Young’s Gastro range, now worth GBP 69.5 million (USD 93.5 million, EUR 83.3 million), has prominently featured basa for many years.
Author: Christine Blank / SeafoodSource | Read the full article here
New regulations on nets and selective fishing gear are set to be introduced in UK and EU waters to protect stocks.
The changes have been made through fishing licence conditions after the UK and EU reached an agreement on a package of technical fisheries measures aimed at rebuilding depleted stocks in the Celtic Sea, English Channel and Irish Sea.
At the heart of the agreement is a requirement for fishermen to use larger mesh sizes and more selective fishing gear.
The licence conditions were brought in on 1 November and come into force from 26 November.