India is unlikely to achieve its seafood export target of USD 7 billion (EUR 6.5 billion) this financial year due to disruptions to global trade flow caused by the coronavirus pandemic, The Hindu BusinessLine reported in late March.
The country exported seafood worth USD 6.73 billion (EUR 6.2 billion) in the last financial year.
To contain the spread of the deadly COVID-19, Indian Prime Minister Narendra Modi ordered a complete lockdown on… Read More
The European Council has approved a decision to conclude the European Union-Vietnam Free Trade Agreement (EVFTA), the final procedure from the E.U. side needed for the deal to become effective.
Following this move from E.U., Vietnamese lawmakers are expected to ratify the agreement in early summer, after which it will come into force, the council said in a statement on 30 March.
The European Parliament endorsed the deal with Vietnam on 12… Read More
Century Pacific Food (CNPF), a major tuna producer in the Philippines, has announced that its operations are not affected by the drastic measures imposed recently by local government to contain the spread of the coronavirus.
As of 26 March, the Philippines reportedly had more than 700 confirmed cases with more than 40 deaths… Read More
Vietnam’s top shrimp company, Minh Phu Seafood, has decided to invest more in its large-scale farming area in southern Vietnam to increase the share of its own supply.
On 25 March, the company’s board of directors approved a plan to increase the charter capital of its subsidiary Minh Phu Kien Giang by VND 380 billion… Read More
Seafood exporters in Vietnam are seeing their orders and export value plunge due to the coronavirus pandemic.
Local exporters surveyed by the Vietnam Association of Seafood Exporters and Producers (VASEP) said their orders have been reduced by between 30 to 50 percent. The COVID-19 outbreak has forced customers in other affected countries to cancel or postpone orders from Vietnamese packers, and local producers have also had trouble filling… Read More
Thai Union is looking to use proteins produced from insects to replace fishmeal in its fish farming, The Bangkok Post reported on 13 March.
Environmental groups have labeled conventional fishmeal as an unsustainable feed worsening the impact of fish farming. Insect-based feed may address their concerns and help build a sustainable fisheries sector, the newspaper reported.
Thai Union also said it is seeing a change in consumer behavior,… Read More
Pangasius exports from Vietnam have declined sharply thus far in 2020 due to the impacts from the coronavirus pandemic, which has caused significant declines in nearly all its major markets …
Photo courtesy of… Read More
Vietnam has had to reduce shipments of tuna, squid, and octopus in the first two months of this year because it could not import sufficient material for processing due to impacts from the coronavirus outbreak ...
Photo courtesy of TRAN THI HAI… Read More