Exports of tuna from Vietnam to the E.U. surged in Q3 2022 on higher demand.
Vietnam's E.U. sales between July and September rose 47 percent year-on-year to more than USD 46 million (EUR 46.3 million). The total was also 41 percent higher than the same period in 2019. September's sales alone reached a value of USD 31 million (EUR 31.2 million), up 33 percent from a year earlier and the largest monthly value so far this year
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Thai Union posted all-time highs for quarterly sales and net profit in the third quarter of 2022, mainly due to the better performance of its core businesses and its pet care and value-added operations.
Thai Union’s sales between July and September surged 14.7 percent year-on-year to THB 40.76 billion (USD 1.08 billion, EUR 1.09 billion) on higher selling prices, rising sales volumes, and favorable foreign exchange, the company said
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The U.S. Food and Drug Administration (FDA) has sent a letter to Thai Union notifying it of committing violations of Hazard Analysis and Critical Control Point (HACCP) regulations at its tuna-processing factory in Samut Sakhon, Thailand.
The warning was issued on 20 April, 2022, following a remote assessment of Thai Union’s tuna processing facility in Samut Sakhon conducted by the FDA in January 2022.
In its letter, the FDA said it
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The European Commission is planning to conduct another inspection to check Vietnam’s progress in combating illegal, unreported, and unregulated (IUU) fishing.
E.C. Directorate-General for Maritime Affairs and Fisheries (MARE) IUU Fisheries Policy Unit Head Roberto Cesari was in Vietnam on 28 October, wrapping up the most-recent site visit, when he announced his team would be returning within six months for a follow-up appointment.
Vietnam
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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,
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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
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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
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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
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