Vietnam produced an estimated 2.36 million metric tons (MT) of seafood in the second quarter, up 1.3 percent year-on-year, according to newly-published data from the General Statistics Office …
Photo courtesy of Loner… Read More
Vietnam’s largest shrimp producer and exporter, Minh Phu Seafood, has had to lower expectations on its 2020 earnings and scale back its expansion plans as it adapts to the new business realities created by the COVID-19 pandemic.
At its annual stakeholders meeting on 27 June, the company approved a plan to export 56,700 metric tons (MT) of shrimp, set an export value target of USD 638 million (EUR 567.7 million), and a target of earning… Read More
India pulled in more marine fish and gained more value from their sale in 2019, according to the Central Marine Fisheries Research Institute (CMFRI).
In 2019, the country produced 3.56 million metric tons (MT) of marine fish, up 2.1 percent year-on-year. Tamil Nadu was the biggest producing state with 775,000 MT, followed by Gujarat with 749,000 MT, and Kerala with 544,000 MT, according to CMFRI.
West Bengal, Andhra Pradesh, Odisha, Karnataka,… Read More
The free trade agreement between European Union and Vietnam, the EVFTA, is not likely to offer an immediate benefit to Minh Phu, as tariffs on its cooked shrimp products will only be reduced gradually, according to the company, which is the leading Vietnamese shrimp exporter.
EVFTA, the “most modern, comprehensive and ambitious agreement ever concluded between the E.U. and a developing country,” according to the European… Read More
The Vietnam Association of Seafood Exporters and Producers (VASEP) has made the decision to cancel Vietfish 2020 due to the impacts of the COVID-19 pandemic.
The annual seafood show was scheduled to take place in Ho Chi Minh City from 26 to 28 August this year. In a statement issued on 30 June, VASEP said its decision was based on complications arising from the global COVID-19 outbreak and on feedback from exhibitors.
Although commercial… Read More
The U.S. Customs and Border Protection (CBP) is expected to provide a determination in October on whether Vietnam’s leading shrimp company, Minh Phu Seafood, and its subsidiaries have evaded the antidumping duty order on certain frozen warmwater shrimp from India through its imports of shrimp into the U.S. ...
Photo courtesy of Minh Phu… Read More
Indonesia's government is taking steps to enhance the provision of insurance for aquaculture farmers as a means of lowering their collective business risk.
A 2016 law has paved the way for the country's federal government to provide payment of insurance premiums for small-scale fish farmers in Indonesia. The support will help the fishermen retain and continue to operate their businesseses in case they are affected by natural calamities… Read More