Seafood giant Thai Union reported sales of THB 31.838 billion (USD 1.05 billion, EUR 944 million) in the third quarter of this year, falling 6.8 percent year-on-year due mainly to a significant appreciation of Thai baht against key currencies and a decline in raw material prices.
The U.S. dollar lost 6.9 percent year-on-year, while the euro and British pound devalued 11 percent and 12 percent against the baht, respectively, during the… Read More
The United States is willing to talk with Thailand over its move to suspend benefits under the Generalized System of Preferences (GSP) for Thailand, including those for seafood, before the measure takes effect next year, the Bangkok Post reported Monday, 4 November, quoting Thai government spokeswoman Narumon Pinyosinwat.
Thailand’s Prime Minister Prayut Chan-o-cha discussed the issue with U.S Secretary of Commerce Wilbur Ross, who is in a… Read More
Thai Union announced this week that its United Kingdom-based subsidiary John West Foods has been cleared of doing business directly connected to illegal, unreported, and unregulated fishing (IUU), with which it had previously been charged.
In a statement released Thursday, 31 October, the Thai seafood giant said as the Crown Prosecution Service in the U.K. offered no evidence against John West, the court on Wednesday October 30 entered verdicts… Read More
Diginex, a global blockchain solutions company, has signed a long-term agreement with Verifik8 – a data intelligence and analytics provider for agribusiness suppliers – to help protect workers in the aquaculture sector in Thailand from exploitation by utilizing blockchain technology, Diginex said in a statement on 21 October.
Under the agreement, Verifik8 will integrate eMin into its existing farming monitoring tools called Blue… Read More
India has objected to a temporary plan for rebuilding yellowfin tuna stock in the Indian Ocean, disappointing environmental groups who argue the stock is overfished.
An official from Indian Ocean Tuna Commission (IOTC) confirmed India’s decision on Friday, 25 October.
“At this stage, India has not withdrawn its objection,” IOTC Executive Secretary Christopher O'Brien told SeafoodSource.
India’s Department of Fisheries on… Read More
The United States Agency for International Development (USAID) and other partners are cooperating to help the Philippines sustainably manage its blue swimming crab industry with a view to bolster exports to North American markets.
USAID, the Philippines’ Bureau of Fisheries and Aquatic Resources (BFAR), the University of Rhode Island, Monterey Bay Aquarium, Philippine Association of Crab Processors, Saravia Blue Crab Inc., and Thai Union… Read More
Vietnam’s pangasius exporters are struggling as shipments to the United States and other potential markets have drastically slowed in 2019.
September was the seventh month in a row that saw Vietnam’s pangasius export value fall from the equivalent time period one year ago, according to data from Vietnam Association of Seafood Exporters and Producers (VASEP). Overall, the Southeast Asian country exported pangasius products worth USD… Read More
Thailand Deputy Prime Minister General Prawit Wongsuwan has confirmed his country will continue to reform its seafood industry, despite mounting pressure from domestic fishing groups..
Wongsuwan made the statement in an 18 October meeting with Environmental Justice Foundation Executive Director Steve Trent, according to EJF.
Thailand has implemented substantial reforms, designed to eradicate illegal fishing and address human rights abuse at sea.… Read More
Thai Union Group has created a venture fund to push investment in food-tech innovation, the company said in a statement on 17 October.
The company has made an initial commitment of USD 30 million (EUR 27.2 million) for investments in innovative companies that are developing breakthrough technologies in food-tech.
The fund will focus on three strategic areas: Alternative proteins, functional nutrition, and value chain technology. Thai Union will… Read More
The government of Pakistan has decided to allocate PKR 13.7 billion (USD 87 million, EUR 79.2 million) for three aquaculture development projects to boost the country’s fisheries production, The Nation reported on 9 October.
Pakistan’s government, in collaboration with the Food and Agriculture Organization of the United Nations, World Food Programme, United Nations Industrial Development Organisation have identified… Read More