News Summary January 29, 2015
Today's Main Story: Video: 3 Key Takeaways from NFI Global Seafood Market Conference
Here are three key takeaways from the NFI Global Seafood Market conference that concludes in Las Vegas today. Shrimp will be plentiful, the Russians will buy less salmon, meaning more salmon going to other markets, and the biggest risk factors facing the US industry this year are not economic or supply-based, but are political and regulatory risks. We cover these points in our video.
In other news, Sysco looks as though it will have to wait longer for its $8.2 billion US Foods merger to be approved by regulators, if it is at all. The Federal Trade Commission this week sent a subpoena to a third-party food distributor asking for more information, a source with direct knowledge of the situation said.
As the Chinese New Year approaches less than a month away, the demand for Canadian lobsters from Chinese consumers has reportedly witnessed a rapid surge in recent years and especially now as the Chinese New Year approaches. Since China's Spring Festival is in February this year, now is only a prelude to the busiest lobster purchasing season, said Stewart Lamont, manager of Tangier Lobster, a Canadian exporter.
Chicken of the Sea has released its corporate sustainability report to further demonstrate its commitment to operating a socially and environmentally responsible business. The report, which documents 2013 efforts, focuses on four pillars of sustainability
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