Toan Dao

Samut Sakhon, Thailand-based Thai Union reported an increase in sales and profits in the second quarter of 2024 thanks to continued recovery in demand for a variety of its core product categories, according to the company’s latest results report released 7 August.

Thai Union’s sales in Q2 2024 rose to THB 35.3 billion (USD 990 million, EUR 907 million, which was up 3.6 percent year over year and 6.2 percent quarter over quarter. The

The Southern Shrimp Alliance (SSA), a Tarpon Springs, Florida, U.S.A.-based nonprofit representing the U.S. domestic shrimp industry’s interests, has praised the U.S. Department of Commerce (DOC) for its recent decision to maintain Vietnam's designation as a non-market economy.

Following nearly a year of review, the DOC announced on 2 August it will continue to classify Vietnam as a non-market economy, meaning that products exported from

In May 2024, Vietnam recorded its highest monthly pangasius export volumes in two years, mainly thanks to rising demand from China. 

But rapidly rising freight rates and low prices are offsetting some of those gains, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Vietnam shipped more than 83,000 metric tons (MT) of pangasius to global markets in May, a 46 percent rise year over year and an 8 percent

Indonesian shrimp companies are beginning to feel the impacts of a recently imposed U.S. antidumping duty, leaving exporters in the country scrambling to drum up sales and reduce costs elsewhere.

The U.S. Department of Commerce (DOC) launched an investigation in November 2023 following trade petitions filed by the American Shrimp Processors Association (ASPA) that claimed imported shrimp was receiving an unfair advantage in the U.S. marketplace.

Vietnamese shrimp company Minh Phu Seafood has outlined plans to increase both its domestic sales and its sales to China, as competition has intensified in the U.S., according to CEO Le Van Quang.

The U.S. has traditionally been a key market for Minh Phu shrimp, but in recent years, the company has faced heavy competition from firms from Ecuador and India, which have aggressively upped their sales to the U.S. by offering low prices and even

Thailand has moved ahead with a proposed rollback of its fisheries reforms, with a drafting committee in the country expected to approve the changes on 23 June and enforcement likely to follow the next month.

Several organizations have warned the move may allow illegal, unreported, and unregulated (IUU) fishing to proliferate and may negatively affect trade between Thailand and its major trading partners.

Thailand originally instituted changes

Vietnam’s top shrimp producer, Minh Phu Seafood, is making big changes to its farming technology, transitioning from intensive methods of shrimp production to technology it says is more sustainable and will mitigate skyrocketing production costs.

In 2019, Minh Phu CEO Le Van Quang told SeafoodSource his company had begun to apply an intensive farming strategy dubbed “2-3-4 technology." at the company's two main farming areas. But

Samut Sakhon, Thailand-based seafood producer Thai Union reported a year-over-year rise in profits in the first quarter of 2024, with the company attributing the spike to demand recovery across its core product categories, according to its latest results report released 8 May.

The company’s Q1 2024 net profits rose to nearly THB 1.2 billion (USD 31.2 million, EUR 29 million), up 12.9 percent year over year. When compared to Q1

China’s Yuehai Feeds Group has begun work on the first phase of a new aquaculture feed mill in southern Vietnam.

The plant will be located on a 5-hectare plot in Vinh Long Province along the Mekong Delta, a hub of aquaculture production in Vietnam.

The facility will cost VND 500 billion (USD 19.8 million, EUR 18.4 million) to complete, according to a 26 April statement issued by the project’s main contractor: the Sonadezi