Global seafood de­mand ‘out­strip­ping sup­ply’

Fish Farmer - - Processing News -

THE global de­mand for seafood is out­pac­ing sup­ply, Canada’s Clear­wa­ter Seafoods said. Clear­wa­ter, which have ac­cess to re­sources.

Clear­wa­ter, which ac­quired Scot­land’s an­nounced re­sults for the third quar­ter of this year show­ing a 29 per cent in­crease in sales to $189.5 mil­lion and a 16 per cent rise in ad­justed EBITDA to $45.2 mil­lion.

The com­pany said de­mand has been driven con­sumer tastes to­wards health­ier di­ets, and the ris­ing pur­chas­ing power of mid­dle class con­sumers in emerg­ing economies.

Clear­wa­ter said: ‘The sup­ply of wild seafood be­hind the grow­ing global de­mand.’

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