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
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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
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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 ...
Photo courtesy of
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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
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The director of a Vietnamese seafood company has been arrested for allegedly illegally appropriating money paid by a U.S. importer in a seafood export contract.
Truong Trung Tin, the director of Trung Tin Seafood Import and Export Limited Company, based in Vietnam’s Ca Mau Province, was arrested 30 September, 2022, on charges he pocketed nearly ...
Photo courtesy of Ca Mau Provincial Police Investigation
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The Russia-Ukraine conflict and rising inflation rates in global markets are negatively impacting Bangladesh’s shrimp exports.
Russia and Ukraine were both markets of significance to Bangladesh’s shrimp exporters until the beginning of the war in March 2022. But Bangladesh’s exports to Russia in the most recent fiscal year, which ended 30 June, dropped to 240 metric tons (MT), down 67.2 percent year-on-year, while the
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U.S. restaurant chain Red Lobster has opened its first location in Bangkok, Thailand in a bid to expand into Asia, despite the company’s financial difficulties.
The new restaurant can hold up to 70 guests and is located in Queen Sirikit National Convention Center in the Thai capital, the Bangkok Post reported. According to the company, the new restaurant's menu will feature seafood purchased from traceable and sustainable
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By 2025, Vietnamese shrimp producer Fimex aims to earn a sales revenue of USD 300 million (EUR 303.7 million) and a consolidated net profit of VND 500 billion (USD 21.1 million, EUR 21.3 million) thanks to its expansion plans, according to Fimex Chairman Ho Quoc Luc.
Fimex’s 2021 export value, which also included sales of agricultural products, grew 12 percent year-on-year to USD 213 million (EUR 215.6 million). Its consolidated net profit
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Vietnam's tuna exports to Germany surged 221 percent and its Belgian exports rose 116 percent as part of a 70 percent monthly increase in in its exports to the European Union in August 2022.
Overall, Vietnam made USD 92 million (EUR 91.7 million) from its tuna exports in August, up 86 percent year-over-year, though that increase is partially the results of the nationwide COVID-19-related lockdown Vietnam entered in August
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Lower demand from the United States and a shortage of larger-sized shrimp did not cool Vietnam’s shrimp exports in August 2022.
The country’s overall shrimp sales in August reached USD 398 million (EUR 402.7 million), up 41 percent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Through the first eight months of 2022, Vietnam’s shrimp exports are up 24 percent year-on-year in
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