Asia

Shrimp Prices Plummet in Asia

The third week of June 2024 marked a tumultuous time for the shrimp market in Asia, with prices experiencing significant fluctuations in several key countries. China, Vietnam,...

Thailand’s Shrimp Production Drops by 67 Percent

Thailand has seen a dramatic decline in production, forcing it to import shrimp from Ecuador. Prime Minister Srettha Thavisin has directed the Department of Fisheries to investigate...

India’s Seafood Exports Hit Record High in FY24

Visakhapatnam Port, India, has emerged as the driving force behind India's seafood export industry. In the fiscal year 2024, the port processed 314,199 metric tons of seafood,...

Declining Shrimp Prices Impact Vietnam’s Hi-Tech Farming Efforts

In Ben Tre, Vietnam, farmers are contending with economic challenges. Despite substantial investments in hi-tech farming methods, a notable decline in shrimp prices has presented hurdles to...

Camimex Forecasts USD 75 Million Export Milestone in 2024

In Vietnam, Camimex Group recently concluded its successful 2024 Annual General Meeting of Shareholders. During the event, the company outlined its targets aimed at further solidifying its...

Minh Phu Targets 20% Sales Growth in China

Minh Phu Seafood Corporation is setting its sights on the Chinese market, aiming for a substantial increase in sales. With an initial target to boost sales to...

“Shrimp Mafia” Accused of Encroaching on Mangrove Forests in India

Local authorities in Kendrapara, India, have launched an investigation into allegations of illegal encroachment by a "shrimp mafia" within the Mahakalapada forest range of Bhitarkanika national park....

Vietnam’s Shrimp Industry Adopts Energy-Saving Aquaculture System

Internet Initiative Japan (IIJ), Yuko-Keiso, Kyushu University, and Kogakuin University have collaborated to pioneer an energy-efficient shrimp aquaculture system. This initiative aims not only to mitigate environmental...

Shrimp Prices Plummet in Vietnam’s Mekong Delta, Threatening Farmers

Shrimp farmers in Vietnam's Mekong Delta, particularly in localities employing intensive high-tech methods, are facing an economic downturn. The prices of shrimp have sharply declined, posing challenges...

Honduras Shrimp Leaders Celebrate Trade Success in China

In Honruas, key figures from the National Congress and prominent business entities convened to bolster its shrimp and lobster sector. The discussions aimed at fortifying industry ties...

Frozen Shrimp Maintains Pole Position in Indian Seafood Exports

Frozen shrimp has once again emerged as the undisputed leader of India's seafood exports, despite facing formidable challenges in key international markets. According to recent data from...

Vietnamam Adopts Advanced Electronic Seafood Traceability System

In order to combat illegal, unreported, and unregulated (IUU) fishing practices, the Vietnamese province of Quang Tri is implementing comprehensive seafood traceability initiatives. This effort aims to...

Indonesian Shrimp Industry Diversifies Markets Amid US Anti-Dumping Measures

The Indonesian shrimp industry faces a pivotal moment as it navigates through challenges posed by anti-dumping measures in the United States. With the Marine Affairs and Fisheries...

Vietnam Seafood Exports Show Incremental Growth

Vietnam's seafood export industry has demonstrated resilience and growth in the first five months of 2024, as reported by the Vietnam Association of Seafood Exporters and Producers...

Vietnamese Shrimp Export Prices Show Stability in Key Markets

Vietnam's shrimp export industry is navigating through stable pricing trends across key global markets, according to data released by the Vietnam Association of Seafood Exporters and Producers...

KUFOS Promotes Whiteleg Shrimp Farming in India

The Kerala University of Fisheries and Ocean Studies (KUFOS) in India has successfully completed field trials of whiteleg shrimp. This marks a significant step towards popularizing this...

Gulf Marketing Group Launches B201 Shrimp Line in Vietnam

On June 6, 2024, Gulf Marketing Group (GMG), headquartered in Dubai, United Arab Emirates, achieved a milestone in Vietnam's seafood industry with the inauguration of its Binh...

Vietnamese Shrimp Exports to EU Reach USD 134 Million, Up 1.2%

As of May 15, 2024, Vietnamese shrimp exports to the EU have reached USD 134 million, marking a modest increase of 1.2% compared to the same period...

Indian Shrimp Exporters Anticipate 10% Revenue Growth

Indian shrimp exporters are poised to see a revenue growth of 8-10% this fiscal year, buoyed by a resurgence in demand from major importing nations and improved...

U.S. Bans Chinese Shrimp Producer Over Alleged Use of Uyghur Forced Labor

Three more Chinese companies, including shrimp producer Shandong Meijia Group, have been banned from exporting their products to the United States. This decision, driven by allegations of...

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