Vietnam has seen its seafood exports and sales fall to their lowest levels in seven months as high inflation in major markets has led to reduced global consumption.
Vietnam's exporters began to feel the brunt of the global inflationary crisis more clearly in September, as sales plunged and customers suspended deliveries. Vietnam’s seafood export value in September was USD 862.8 million (EUR 878.5 million), down 13.7 percent from August,… Read More
The Philippines’ seafood sector is expressing concern about an increase in fish imports from China affecting the livelihoods of local fishers.
The Philippines has imported an average of 20 containers of fish from China weekly over the past month, according to The Manila Times. Association of Fresh Fish Traders of the Philippines President Roderick Santos said the Chinese imports are being sold in the country's… Read More
Singapore-based Barramundi Group has appointed James Kwan as CEO following the resignation of Andreas von Scholten. The appointment will take effect from the beginning of 2023.
Andreas von Scholten, who has been the company’s CEO since November 2019, will join Barramundi’s board and work as a director effective 1 January, 2023.
“I thank the board for the trust placed in me to lead the company at a juncture where it is… Read More
Thai Union announced on 17 October it will allocate shares of its petcare subsidiary, i-Tail Corporation Public Company Limited (ITC), to Thai Union’s shareholders as part of an initial public offering (IPO) of the ITC.
ITC got approval from Thailand’s Office of the Securities and Exchange Commission for its IPO on 20 September. According to the plan of the IPO, 660 million ordinary shares of ITC, including …
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Ca Mau Province, Vietnam-based seafood company Cadovimex is aiming to finalize bankruptcy proceedings later this year due to heavy losses.
Cadovimex is an exporter of shrimp, pangasius, squid, and octopus, but suffered in the 2008 financial crisis. A long-term capital misappropriation of VND 175 billion (USD 7.2 million, EUR 7.4 million), which the company never recovered, hampered its operations …
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Shrimp farming in Khulna, Bangladesh, the Asian country's shrimp-producing hub, has become harder due to climate change, worrying local producers and exporters.
The lower production has resulted in Khulna's shrimp production declining by 21.7 percent year-on-year to 33,271 metric tons (MT) in fiscal year 2021-2022.
Local producers are blaming climate change, with fluctuations in salinity levels caused by changes in natural high tides… Read More
A shift back to black tiger shrimp farming, and away from vannamei – which is becoming more prone to disease and more costly to farm – is under way in Asia. But whether the market is willing to consume the increased volume, at higher price levels, remains a question.
One of the main themes discussed at the inaugural Global Shrimp Forum (GSF) – which took place in Utrecht, The Netherlands, from 6 to 8 September – was the… Read More
Qatar’s Ministry of Public Health has issued a warning against a certain volume of fresh and frozen shrimp imported from India and has decided to recall the affected quantity from the market, Gulf Times reported on 8 October.
Analyses at Qatar’s food laboratories have reportedly found that some volumes of Indian imported shrimp are microbially contaminated, according to a statement from the ministry.
The public health ministry is… Read More
Bandung, Indonesia-based start-up eFishery has received a short-term loan worth IDR 500 billion (USD 32.7 million, EUR 33.6 million) from DBS Bank Indonesia to fund its expansion plans.
eFishery Co-Founder and CEO Gibran Huzaifah said the funding will help the company achieve its strategic plan and expand further into international markets ...
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Shrimp output in Thailand is expected to fall by half from its peak this year due to disease issues. In response, in August 2022, the Thai government unveiled a plan to import about 10,000 MT of shrimp from Ecuador and India to ease pressure caused by a domestic shortage of product.
Thailand’s shrimp production totals were among the largest in the world until 2012, when diseases including early mortality syndrome (EMS) began to ravage… Read More