A sharp fall in the stocking of seeds at shrimp farms is likely to have a toll on the marine food production in the state.

The US has begun importing Myanmar saltwater prawns following the easing of sanctions, according to Myanmar exporters.

Shrimp exporters have set their eyes on South African countries which have long been untapped with a view to fortifying their footprints there to reduce dependency on traditional markets.

(vasep.com.vn) In February 2013, Saota Foods Joint Stock Company (Fimex VN) processed 322 MT of shrimp to reach US$3.8 million of turnover.

The Animal, Plant, and Fisheries Quarantine and Inspection Agency of South Korea has announced that it will run an Ethoxyquin check on frozen shrimps imported from Vietnam in 2013, with permissible limit being 0.01 milligrams per kilogram.

(vasep.com.vn) On March 27th, 2013, Minh Phu Seafood Corp signed a factoring contract with VietinBank in Ca Mau province. Le Van Diep – Minh Phu’s Deputy General Director – and Tang Xuan Lam – Deputy Director of Ca Mau-based subdivision of VietinBank attended to the signing ceremony. The new cooperation will help Minh Phu to boost shrimp exports to Russia.

(vasep.com.vn) South Korea’s Animal, Plant and Fisheries Quarantine and Inspection Agency (QIA) decided to test the ethoxyquin contents in frozen shrimp shipments from Vietnam in one year from 1 January 2013 to 31 December 2013.The level permitted by QIA is 0.01mg/kg.

In the report of the latest world’s 100 largest seafood companies 2014, Minh Phu Seafood ranks the 23 position thanks its high increase in revenue. These companies in the list of this year had revenues of nearly US$100 billion, up US$ 1.8 billion from 2013 report.

(vasep.com.vn) Through June 2014, Saota Foods Joint Stock Company (Fimex VN) processed 4,480 MT of finished shrimp products, up 30 percent year on year. Its export revenue hit US$59 million, up 65 percent year on year. In the period, the processing production, revenue and profit of the company reached the highest level in the past 17 years.

The Undersecretariat of Fisheries of the Nation reported that between 1 January and 28 June, 2013 a total of 19,021.8 tonnes of shrimp (Pleoticus muelleri) was landed in Argentinean ports.

US retailer Hy-Vee is struggling to get its hands on shrimp, despite its diversified sourcing strategy, reports Jeanine Stewart of Undercurrent News.

(vasep.com.vn) Currently, Ngoc Tri Seafood Company’s processing plant has just fulfilled 70 – 80 percent of its designed production capacity. This is due to lack of workers and raw material. Despite favorable working policy, it is hard for the company to find enough workers to ensure its full operations.

(vasep.com.vn) Disease outbreak, lack of capital and other difficulties slashed shrimp farming areas in many large producing countries. The decline in shrimp production and supply for global market pushes shrimp price up rapidly.

(vasep.com.vn) In May 2013, Phu Cuong Seafood Processing and Import Export (Phu Cuong Jostoco Corp) exported 121 MT of shrimp to four markets, having a worth of US$1.25 million. Japan, which purchased 65 MT of shrimp valued US$655 thousand, was Phu Cuong’s largest importer.

(vasep.com.vn) In the first half of 2013, Minh Phu Seafood Corporation (Minh Phu Seafood Corp) exported 14.45 thousand MT of shrimp products to earn back US$175.3 million.