Legal

'That is the million dollar question': Future of crisis-hit Brazilian tilapia producer GeneSeas bogged down in legal process

GeneSeas filed for bankruptcy protection in October 2022 with debts at that time of BRL 248 million (€47 million/$51 million).

Documents obtained by IntraFish show that as GeneSeas struggled, raw material inputs used to make feed rose. Amongst them, corn rose 78 percent and soy 126 percent.
Documents obtained by IntraFish show that as GeneSeas struggled, raw material inputs used to make feed rose. Amongst them, corn rose 78 percent and soy 126 percent.Photo: Geneseas
Published 25 September 2023, 07:01Updated 25 September 2023, 07:01
whitefishTilapiaGeneSeasBrazilFarmed whitefish