The Japanese conglomerate Mitsubishi Corporation plans to produce about 100,000 tonnes of salmon annually in Chile, if it manages to purchase the Norwegian company Cermaq.
Mitsubishi announced this week that it offers a payment of around USD 1,400 million to purchase the whole of Cermaq, which has operations in Norway, Canada and Chile.
This transaction would turn Mistubishi into the second largest farmed salmon producer worldwide.
Following this announcement, Mitsubishi Corporation’s Corporate Communications Division told the newspaper Estrategia that considering the 80,000 tonnes produced in Cermaq at present in the cou...
Export rejection rate by the EU drops India
European Union rejections on Indian seafood exports have gone down consistently in the last five years, according to the Marine Products Export Development Authority.
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