Toan Dao has written about Vietnam’s business community, with a focus on energy and agriculture, for a number of Vietnamese and international outlets for more than 10 years. As a contributing editor for SeafoodSource in Southeast Asia, he also covers other major seafood producers in the region including Indonesia and Thailand.
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Hyderabad, India-headquartered Avanti Feeds, one of India’s top shrimp-feed producers, has acquired 100 percent of Srivathsa Power Projects, which operates a 17.2-megawatt natural gas-based power plant in the state of Andhra Pradesh.
Avanti Feeds, which already owned 49.9 percent of Srivathsa Power Projects, purchased the remaining 50.1 percent, or 16.7 million shares of the firm on 28 March, at a price of INR 2.30 (USD 0.02, EUR 0.03) per
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The government of India, the world’s third-largest fish producer, second-largest aquaculture producer, and fourth-largest seafood exporter, has plans to become an even bigger seafood player.
India's seafood exports have been on an upward trajectory, with a compound annual growth rate (CAGR) of 17.2 percent between 2016 and 2021. Its export value more than doubled to USD 6.68 billion (EUR 6.3 billion) in fiscal year 2020-2021, from USD 2.9
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The U.S. Department of Commerce will likely not impose any antidumping duty on shrimp Thai Union imports into the United States from Thailand.
According to the preliminary results of its 17th administrative review of the antidumping duty order on frozen warmwater shrimp from Thailand, the U.S. DOC said it did not find evidence Thai Union sold its shrimp into the U.S. at less than fair value.
The Thai Union group of companies, which includes
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The U.S. Department of Commerce (DOC) plans to continue to impose a 3.76 percent tariff on 185 Indian shrimp exporters, following the preliminary results of its 17th administrative review of the antidumping duty order on frozen warmwater shrimp from India.
The review investigated frozen shrimp sales into the U.S. by 187 exporters from India between 1 February, 2021 and 31 January, 2022.
In its preliminary conclusion, the DOC said some frozen
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Indonesia has set a target of producing 2 million metric tons (MT) of shrimp by 2024, but some sector experts are skeptical about the feasibility of that goal.
Indonesia was the third largest-aquaculture producer in the world by volume in 2020, after China and India, with much of that production being shrimp. With 18,000 islands and islets, the Indonesian archipelago possesses the third-most coastlines of all countries.
Losses from its Red Lobster affiliate hampered the net profit of Bangkok, Thailand-based Thai Union in Q4 2022, despite the company achieving sales growth, according to its latest results report.
The company reported a net profit of THB 1.238 billion (USD 35.9 million, EUR 33.7 million) for the period spanning October to December 2022, falling 35.9 percent year-on-year. Its net profit for the full year also dropped 10.9 percent
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The world’s biggest aquafeed producers are tightening their control over the global shrimp-feed industry.
Acquisitions over the past decade have consolidated the shrimp-feed sector, with Skretting, Cargill, CP Foods, Thai Union, Grobest, Guangdong Haid, BioMar, ADM, New Hope Liuhe, and De Heus emerging as the biggest global players.
They have extended their advantage by establishing a strong emphasis on innovation and technology,
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Vietnam, the world’s largest producer and exporter of pangasius, has begun concentrating its sales pitch for its top fish export on a new market – its own.
With more than USD 2.4 billion (EUR 2.2) in export sales in 2022, pangasius was Vietnam’s number-two seafood export by value behind shrimp at USD 4.3 billion (EUR 4.1 billion). Most of the country’s pangasius is farmed in the Mekong Delta in southern Vietnam. Despite
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Vietnam has set lower seafood production and export goals for 2023, acknowledging the toll inflation has taken in denting global demand.
However, China’s State Administration for Market Regulation's announcement of the end of testing chilled and frozen foods for Covid-19 at ports of entry beginning 8 January, as reported by Reuters, has given Vietnamese exporters renewed hope for better-than-expected trading environment in the year to
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The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts Thailand will be a favorite destination for pangasius exporters from Vietnam in 2023 due to expected growth in food consumption there.
In 2022, most countries in Southeast Asia, including Vietnam and Thailand, were forced to deal with negative impacts from China’s strict Covid-related regulations, fallout from the Russia-Ukraine conflict,
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