Plant-Based Seafood Company New Wave Foods Completes $18 Million Series A Financing

Plant-based seafood company New Wave Foods announced on Wednesday that they’ve completed an $18 million Series A round of financing. The investment round was lead by New Enterprise Associates, along with Evolution VC Partners and other “new and existing investors.”

New Wave Foods was founded in 2015 and turned heads with their creation of a sustainable, plant-based shrimp alternative made from seaweed and other natural ingredients. In September 2019 the company received a major boost when Tyson Ventures...

FDA Warns Whole Foods Market After Repeated Food Recalls for Undeclared Allergens

Today the U.S. Food and Drug Administration (FDA) posted a warning letter issued to Whole Foods Market for a pattern of receiving and offering for sale misbranded food products necessitating a series of food recalls for allergens. In the last year, Whole Foods Market has recalled more than 30 food products because the presence of major food allergens was not listed on the finished product labels. The FDA noticed similar patterns of numerous recalls by Whole Foods Market for undeclared allergens in previous years as well. These products included...

Protein Market Buying Opportunities 

As COVID-19 continues to impact consumer habits across the globe, many protein markets are experiencing unusual or contra-seasonal trends through the holiday season. Highlighted are just a few items that might be catching the eye of wholesale and distribution buyers in early December...

Top Meat, Poultry, Egg and Seafood Price Action Broken Down in the Latest Market Briefing 

Urner Barry is the leading provider of protein market news and information in the food industry. Through daily canvasses of the trade and an unrivaled historical database, our analysts are uniquely positioned to report on the underlying conditions and significant disruptors to the market. In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals...

Urner Barry's Market Briefing Brings You the Latest in Protein Pricing Insight

In this Market Briefing, Urner Barry reporters outline the latest action in the commodity protein markets, highlighting seasonal factors, disruptors, and current supply and demand fundamentals....

Urner Barry's Coronavirus Special Report - Volume IV

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. 

Now, as reopening efforts are underway, the latest business environment is a completely new venture for the food industry with its own learning curve. Both retail and foodservice have been forced to make sweeping changes in their respective sectors and adaptability remains key. Production setbacks were arguably one of the biggest challenges the meat industry faced in the last few months of the pandemic, but capacity has since largely returned to normal.

As we near the end of summer, seasonal shifts are also in play...

PODCAST: Jack of All Trades - Mike Nesbitt, UK Beef and Shrimp Reporter

In this episode, Laura interviews UK Beef and Shrimp Market Reporter Mike Nesbitt. They discuss transparency with Vannamei shrimp, expansion to UK Beef reporting, Trade Flows, and more...

Urner Barry's Coronavirus Special Report - Volume III

The global COVID-19 pandemic has disrupted consumer behavior, distribution, production, and market prices in a way we have never seen before. From stay-at-home directives that spurred a run on retail while foodservice operations were limited or halted all-together, to production cutbacks caused by labor shortages at the plant level, the industry has had much to contend with over the past several months.

Now, as many states have begun reopening phases, the industry is making strides in returning to a more “normal” business environment—however the face of this new normal will likely look a bit different...

ANALYSIS: April Shrimp Imports Increase 6.2 Percent

April imports were released today and showed another increase over the same month last year, continuing the trend set in the first three months. The data showed a 6.2 percent increase over last April to 113.822 million pounds. Urner Barry Consulting expectations were in-line with actual figures against some others that believed imports would fall because of shutdowns across the globe.

Of our top five trade partners, gains from the consensus top two, India (+25.2%) and Indonesia (+44.6%) overpowered less shipments from Ecuador (-30.9%), Vietnam (-10.5%), and Thailand (-5.9%)...