Bualuang Securities maintains its buy rating for Charoen Pokphand Foods based on a recovery in the shrimp operation
Brokerage keeps CP Foods buy rating on expected H2 shrimp recovery
From ‘goldrush mentality’ to sustainable food source: aquaculture’s evolution
Andrew Kaelin has seen aquaculture projects evolve from rush jobs into commercial success stories which have huge potential for developing countries
Pescanova competitors frustated as retailers hold fast
Rumors are ripe over who might take over surimi and shrimp contracts, but Pescanova’s largest customer is not giving any sign of wanting to change supplier, sources told Undercurrent News (more…)
Trident rolls out new portion sizes of beer battered seafood
Seattle-based seafood group designates the new line, PubHouse Golden Ale Beer Battered haddock, shrimp, pollock and cod
Sino Agro: EMS hitting shrimp farms in China
Chinese agribusiness firm Sino Agro Food reports its own shrimp are safe, but many farms in Guangdong district are effected
Ecuador shrimpers hit by obstacles in five markets
Ecuador’s National Aquaculture Chamber (CNA) reports significant barriers preventing the access to all or part of shrimp trade for Ecuadorean producers
Minh Phu braces for tough 2013 as EMS continues to hit business
Shrimp disease sees Vietnam’s largest shrimp exporter miss 2012 targets by $130m, or 20,000t, as chairman forecasts a tough 2013 ahead (more…)
Feed supplier named US exporter of the year
Pennsylvania-based Zeigler Brothers awarded the title by the US Small Business Administration at the World Trade Day conference in Denver
Zhanjiang Guolian chairman travels to US to contest countervailing duties
Chairman of company which supplies 90% of China’s headless shrimp to US travels to the US in bid to fight potential duties, on back of already tough quarter for company (more…)
US sweetener firm to move into fish feed products
Stevia Corp. is developing aquaculture products, expects it to become the company’s biggest earner long-term, with seafood veteran Andrew Kaelin appointed to advisory board
Newfoundland union, buyers agree on lower shrimp prices
Negotiations took third-party assistance, says industry player, as arbitration panel sides with fishermen union’s price proposal for onshore cooked and peeled shrimp (more…)
Siam Canadian: Markets can’t follow Thai shrimp prices
Vannamei shrimp supply from Thailand should start to improve on small sizes by July, but high prices are expected up until then, with production in China and Vietnam also under pressure (more…)
Seafresh, Surapon hit by shrimp disease, wage hikes
A range of seafood companies report impact of shrimp disease, as well as the increase in Thai minimum wage
Airline becomes first in Americas to get MSC logo on its menu
Surinam Airways is to become the first airline in the Americas to display the Marine Stewardship Council ecolabel for sustainable seafood on its menu
Thai Union hopes booming baht eases up in H2
Company says Thai government is watching development of baht closely as it clarifies its 54% profit drop for the quarter (more…)
Minh Phu Q1 exports dive 9.7% in volume
Shrimp exports in the first four months of 2013 were down 9.7% in volume from 8,759.3 metric tons in the same period last year, and export value fell 12.5% from $107.1 million
UK ethnic market provider reports falling profit, turnover
UK wholesale supplier Nortrade has seen both turnover and profit fall last year by 9.5% and 53% respectively
Norway agrees on higher minimum coldwater shrimp prices
Norwegian fishermen’s sales organization and buyers agree on increase for upcoming coldwater shrimp season (more…)
First product awarded Louisianan logo
Vermilion Bay sweet white shrimp gumbo pack, from supplier Delcambre Direct Seafood, will be the first product to display the “Certified Authentic Louisiana Wild Seafood” seal
Shrimp farmer tells of narrow escape from sinking ship Pescanova
As Pescanova’s business is hit by wave after wave of scandal, an executive with one company is looking back at a point when his path crossed with the now-sinking giant and breathing a sigh of relief (more…)