Innovations in the seafood industry hold great promise for addressing overfishing, reducing environmental impact, and meeting the rising global demand for protein-rich foods. Highlighting the crucial fact that such innovations enable companies to remain relevant to consumers and customers, this article gives an insight into the portfolio of the biggest tuna business in the world, Thai Union PCL, where the company’s stated mission is to develop game-changing solutions for enhanced consumer satisfaction, shared value, and sustainability. However, these innovations are not without their regulatory challenges. The author examines the complex regulatory landscape surrounding seafood innovations and discusses the implications of these rules for sustainable growth and responsible development.

This article was published in: INFOFISH International 1/2024

Read more: https://infofish.org/v4/index.php/regulatory-challenges-in-seafood-innovation-the-thai-union-experience

The Food and Agriculture Organization (FAO) has introduced the FAO-Thiaroye Technology (FTT) in Papua New Guinea to address the challenges of post-harvest losses within the fisheries sector and to provide better market opportunities. To determine the financial and economic viability, FAO established two demonstration sites and conducted a Financial and Economic Analysis (FEA) to compare traditional smoking practices with the FTT smoking technique. The results showed that the incremental benefit is 59% IRR, and the analysis also identified the sensitive parameters of the business. Moreover, FTT empowers fish operators by solving cold chain, market access, and transport constraints in remote areas. It boosts fish production and quality, reduces losses, and extends shelf life by 5-6 months.

This article was published in: INFOFISH International 1/2024

Read more: https://infofish.org/v4/index.php/empowering-fisherwomen-in-papua-new-guinea-by-introducing-innovative-technology-fao-thiaroye-technology-ftt

Experts at a workshop on 16 January 2024said that the prospect and potential of Blue Economy is enormous, and it is possible to earn more than $2.5 billion by the year 2030. They urged the authorities concerned to remove the bottlenecks in implementing the policy decision and the masterplan that has already been designed in this regard. The workshop was held at a hotel in Cox’s Bazar. The Economic Reporters Forum (ERF) organized the workshop in collaboration with some government agencies concerned.

Md Shafiqur Islam, Expert, JICA presented keynote paper in the workshop. ERF President Refayetullah Mirdha presided over the inaugural session while ERF Joint Secretary Mizamur Rahman moderated the event. Former ERF Presidents Sharmin Rinvy, Saiful Islam Dilal, General Secretaries SM Rashidul Islam, Md Nurul Islam Khan , Abdur Rahim Haramachi, among others, addressed the workshop.

Describing the potential of ocean resources, the keynote speaker said comprehensive planning and its strict implementation is a must to practically tap the blue economy potentials. Expressing concern over the environmental issues, experts suggested to take serious measures to keep the seashore areas clean and preventing tourists from throwing plastic elements and other wastage and this has to be ensured through enacting laws.

The government has urged JICA to provide technical support in preserving sea fish, to keep them fresh and toxin free. Fisheries Enhancement & Livelihood Project (FELP) is working for better production of dried fish or ‘Shutki’.

Source: https://bangladeshpost.net/posts/blue-economy-can-fetch-2-5bn-by-2030-129513