India’s top shrimp feed producer, Avanti Feeds, has commenced commercial operations at a new feed plant in Andhra Pradesh.
The plant, which opened 3 December, cost around INR 1.25 billion (USD 15.1 million, EUR 14.4 million) and has a capacity of 175,000 metric tons (MT) per year, the company said in a filing with the National Stock Exchange of India.
The additional capacity from the new plant has helped raise the total annual
… Read MoreVietnam saw its tuna sales in October fall to the lowest in seven months this year as sales to the U.S. and other markets fade away, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The exports in the month were worth USD 76 million (EUR 72.8 million), up 4 percent from a year earlier but being the lowest since April.
High inflation is hitting purchasing power in many markets such as the U.S., Belgium, Israel, Egypt,
… Read MorePakistan’s government has authorized the scale-up of a pilot project designed to promote shrimp farming in the country’s inland areas.
The shrimp-farming cluster development project, worth PKR 5.4 billion (USD 24 million, EUR 23 million), was approved in 2019 as part of Pakistan’s Agriculture Transformation Plan and has a slated end-date of 2024. The Pakistan Ministry of National Food Security and Research, the Pakistan
… Read MoreAquafeed and animal health provider Skretting has opened a new factory in southern Vietnam to produce aquafeed. Skretting is owned by Nutreco, a global company specializing in animal nutrition and aquafeed.
The Norway-based company began work on the project in March 2021. It will have an expected cost of EUR 24 million (USD 25 million), with the capacity to produce 100,000 metric tons (MT) of feed products
… Read MoreBusan, South Korea-based BluGen is working on a recirculating aquaculture system (RAS) project to produce olive flounder, which it said will be the first system of its type in the country.
The farming project in Goheung aims to use BluGen’s eighth-generation broodstockto produce 1,000 metric tons (MT) of olive flounder annually. Additionally, a hatchery within the project will be able to provide 80 million precision-bred olive
… Read MoreVietnam is sending more seafood products to Asian markets as demand in the U.S. and Europe has dropped amid high inflation.
Vietnam’s seafood exports to China have heated up in the run-up to Chinese New Year, and the Regional Comprehensive Economic Partnership has helped boost Vietnam’s shipments to Japan, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
In October, Vietnam exported a total of USD
… Read MoreThai Union has set the final share price for the first part of the initial public offering of shares of its petcare subsidiary, i-Tail Corporation Public Company Limited (ITC).
In a filing to the Stock Exchange of Thailand on 28 November, Thai Union said the final IPO price for an ITC share is THB 32 (USD 0.9, EUR 0.86).
With 132 million newly-issued ordinary shares to be allocated to existing eligible shareholders of Thai Union (pre-empty
… Read MoreBangkok, Thailand-based food giant Charoen Pokphand Foods reported a sharp increase in its net profit in the third quarter as its operations recovered from disruptions caused by the COVID-19 pandemic.
Its net profit over the period spanning July to September grew 195 percent year-on-year to THB 5.108 billion (USD 141.5 million, EUR 137.8 million), up from a loss of THB 5.37 billion (USD 148.8 million, EUR 144.9 million) in the same period in
… Read MoreThai Union subsidiary King Oscar has acquired half-ownership of Icelandic cod liver producer Aegir Seafood Company.
Bangkok, Thailand-based Thai Union advised the Stock Exchange of Thailand that the investment in 50 percent of the shares in Aegir was made to “strengthen and enhance cod liver business of King Oscar and Rugen Fisch brands.”
Grindavík, Iceland-based Aegir is now jointly owned by King Oscar and private company
… Read MoreAnimal welfare and sustainability will become critical issues the global shrimp sector has to pay more attention to, according to a leading shrimp industry expert.
During the Global Shrimp Forum in September 2022, Ahold Delhaize Vice President of Product Integrity Hugo Byrnes said shrimp consumers around the world are increasingly interested in sustainability and animal welfare issues.
“It’s time for the shrimp industry to wake up to
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