Bangkok, Thailand-based food giant CP Foods saw its revenue hit all-time high in the second quarter, but its net profit declined.
The company’s total revenue over April-June was at THB 155.996 billion (USD 4.4 billion, EUR 4.34 billion), an increase of 20 percent from last year, CP Foods said in a statement on 15 August showed.
Of that total, its operations in Thailand brought …
Photo courtesy of SARIN
… Read More
Pangasius exporters from Vietnam have chosen to increase sales to Mexico and the E.U. this year as demand in these markets is on the rise, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The value of pangasius exports to Mexico in July was USD 11 million (EUR 10.83 million), doubling from the same month last year. In the first seven months, Vietnam sold pangasius products worth USD 73.5 million (EUR 72.4 million) to
… Read More
Vietnam earned more than USD 111 million (EUR 109.5 million) from crab exports between 1 January and 15 July, up 41 percent year-on-year, with the U.S. and China being the main destinations, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP).
Sales to the U.S. in the period reached USD 38 million (EUR 37.5 million), an increase of 27 percent year-on-year. The reopening of the U.S. economy has helped drive
… Read More
Vietnam’s leading pangasius exporter Vinh Hoan reported a recovery in sales in July, following a month-on-month decline in June, largely thanks to better performance in the U.S. market, according to the company’s latest update.
Its July sales value totaled VND 1.198 trillion (USD 51.2 million, EUR 50 million), surging 48 percent from the same month last year and up 13 percent from June. The value of the exports to the
… Read More
The Fisheries Department of the West Bengal state in India has announced a ban on using 20 antibiotics and other pharmacologically active substances in shrimp aquaculture, the Millennium Post reported 9 August.
District-level taskforce committees (TFC) have been formed in concerned districts to enforce the ban. The officials will conduct frequent and random checks at shops, manufacturing facilities, and suppliers of drugs, probiotics,
… Read More
Minh Phu Seafood has seen its export value growth slow amid recent falling shipping costs.
Minh Phu, Vietnam’s leading shrimp producer, exported shrimp worth USD 388 million (EUR 381 million) in the first seven months of 2022, up 5 percent year-on-year. But July's sales total dragged that figure down from the 15 percent growth it achieved in the first half of 2021 ...
Photo courtesy of Toan
… Read More
Thai Union reported record sales figures in the second quarter of 2022 mainly thanks to higher demand for its petcare and value-added products.
Thai Union’s sales rose 8.5 percent year-on-year to THB 38.9 billion (USD 1.09 billion, EUR 1.07 billion) between April and June 2022, with gains also coming from higher prices and favorable foreign exchange rates, the company reported in its Q2 2022 results, released 8 August.
However, Thai
… Read More
Vietnam sold tuna worth nearly USD 3 million (EUR 2.9 million) to France in the first six months, up 203 percent year-on-year, according to Vietnam Association of Seafood Exporters and Producers (VASEP).
The country exported mainly frozen tuna loin, canned tuna, and other processed tuna products to France in the period. VASEP said France also increased imports of tuna from other suppliers such as the Philippines (jumping 442 percent
… Read More
Heavy rain, along with the spread of shrimp diseases, have caused damage to more than 1,530 hectares of shrimp farming area in Vietnam’s Mekong Delta province of Tra Vinh in the first seven months of 2022.
This accounted for more than 6 percent of Tra Vinh’s total farming area, which raises both vannamei and black tiger shrimp. As a result of the rains and disease, 3,790 farmers in the province recorded a collective loss of around
… Read More
A downturn in June sales marked the first monthly decline Vietnam’s shrimp exports in 2022.
The United States, the top market for Vietnamese shrimp exports, purchased USD 93 million (EUR 91.3 million) in June, down 36 percent from the same month in 2021. That result pulled down its overall June shrimp exports 1 percent year-over-year to ...
Photo courtesy of David Nguyen
… Read MoreRecent Articles
