Cargill invests heavily in the Indian Fish & Seafood sector - Bonafide as of February 2018

The new fish processing plant is just the beginning of an investment offensive by the American food giant in India. Cargill's new 90,000-ton aquaculture feed plant is the first step in further expansion plans in India. India with a population of 1.2 billion people is a huge market.

Recent government investment in aquaculture has given Cargill's project a positive framework. Cargill's goal is diversification, and the company will continue to invest in small markets such as the Philippines and Malaysia, but will mainly care for the big four - Thailand, Vietnam, India and Indonesia.

USA import more and more Fish & Seafood
According to new statistics from the National Marine Fisheries Service (NMFS), the United States imported a record volume of Fish & Seafood last year. US imports in 2017 reached approximately 2.8 million tonnes, with a value of $ 22 billion and a 3- and 11-percent volume and value increase. In terms of imports, Atlantic salmon stands out with around 34,000 tonnes and an equivalent value of around $ 3.1 billion, which corresponds to a 6- and 17-percent increase in volume and value.

Salmon processing will change drastically
Marel Food System, an innovative technology manufacturer from Iceland, presented the latest development results as well as the potential applications of a new quality scanner, which is going to be launched on the market within a fair event in the Danish capital Copenhagen. A variety of parameters can be recorded and evaluated, including the color variant of the meat, the fillet weight, the blood and pigment spots and trim errors.

Using this information, processors can initiate corrections at the upstream production stage, ie how the fish are fed. The Marel Group wants to increase sales of currently 1 billion euros in the coming years. The company sees excellent growth opportunities for the hitherto smallest fish equipment production segment with sales of around € 132 million in 2017.