Toan Dao

Vietnamese exporters of tropical rock lobster have had to temporarily halt their shipments to China due to new regulations pertaining to the protection of endangered species.

During a recent meeting with Vietnam’s National Authority for Agro-Forestry-Fishery Quality, Processing, and Market Development, Chinese customs officials said that wild tropical rock lobsters were a new addition to the list of endangered species declared by Chinese

Many Vietnamese pangasius and shrimp exporters endured a challenging Q3 2023, as they struggled with falling sales by value and lower profits due to weak global demand.

Between July and September 2023, Vietnam shipped seafood globally worth USD 2.5 billion (EUR 2.3 billion) – a 12 percent year-over-year decrease. In the first nine months of 2023, the country’s total seafood export value slid 23 percent year over year, hitting USD 6.6

Thailand has proposed a reversal of a series of fisheries reforms it implemented over the past eight years.

The move has ignited concern among NGOs and international representatives who fear the lawlessness and lack of oversight that once defined the country’s fishing sector may return. In a letter issued in October 2023, a coalition of 84 civil society organizations, including the Environmental Justice Foundation, Greenpeace, Conservation

Thai Union reported a drop in its sales and profits in Q3 2023, with greater losses from chain restaurant Red Lobster particularly affecting the company’s bottom line.

According to Thai Union’s Q3 2023 results, released on 6 November, company-wide sales over the period fell 16.8 percent year over year to THB 33.9 billion (USD 953.3 million, EUR 893 million) from “an extraordinary high baseline” in 2022. The Samut Sakhon,

Vietnam’s seafood sales have continued to drop this year compared to 2022 due to low global demand, but the decline is showing signs of letting up, especially as seasonal festivals in the country – which often involve high levels of seafood trade – draw near.

Vietnam’s total seafood exports in August totaled USD 858.8 million (EUR 805.8 million), down 13 percent year over year, but the smallest monthly drop since March.

Chinese shrimp imports may surpass 1 million metric tons (MT) this year, defying global purchasing trends and achieving growth that no other market has gotten close to reaching in 2023, according to Shrimp Insights Founder Willem van der Pijl.

Between the second half of 2022 and June of this year, China imported around 1 million MT of shrimp, split nearly evenly through every six months. This statistic, combined with the fact that the

Grobest, CP Foods, and Skretting are competing for market share in Vietnam through the propagation of proprietary shrimp-farming systems.

During the 2023 Shrimp Summit, hosted by The Center for Responsible Seafood in Ho Chi Minh City from 24 to 26 July, the multinational shrimp feed manufacturers, which are dominant players in Vietnam’s shrimp feed sector, competed to sell farmers the benefits of their models.

Besides being a major

The global shrimp industry is confronting various challenges, including falling prices and demand coupled with a rise in feed and production costs. 

To survive, Charoen Pokphand Foods Executive Vice President is urging his peers to “go back to the fundamentals.”

McIntosh, who also serves as CEO of Homegrown Shrimp USA, CP Foods’ recirculating aquaculture system shrimp farm in the U.S. state of Florida, was honored with the

A new Indonesian government regulation that forces exporters to deposit part of their earnings in a government-controlled bank account is another blow to the nation’s shrimp exporters and processors, who are already suffering from a global demand slump and rising feed and production costs.

The regulation requires exporters sending cargo with a value of USD 250,000 (EUR 232,000) or more to deposit at least 30 percent of their earnings for a

The U.S. Department of Commerce (DOC) has upheld antidumping tariffs on frozen warmwater shrimp exports from two Indian companies and slightly increased the rate for all others after finalizing an administrative review.

The U.S. imposes antidumping rates on foreign shrimp imports believed to be priced below fair market value in an attempt to bolster domestic production.

The DOC’s 17th administrative review, the preliminary results of which