Toan Dao

3 weeks ago | seafoodsource.com | Toan Dao

Samut Sakhon, Thailand-based food and beverage manufacturing company Thai Union reported a decline in its sales and profits in the first quarter of 2025 as the company said it was affected by tariffs announced by the administration of U.S. President Donald Trump during the period. According to Thai Union’s Q1 2025 results report released on 9 May, its sales in the quarter dropped 10.3 percent year over year to THB 29.8 billion (USD 902.9 million, EUR 802.8 million).

1 month ago | seafoodsource.com | Toan Dao

Attempting to take advantage of the ongoing trade standoff between China and the U.S., Vietnam has floated the idea of scaling up exports of tilapia, particularly to the U.S. market. Though tilapia is not currently a key export commodity for Vietnam, which deals greater numbers of farmed pangasius and shrimp, exports of Chinese tilapia to the U.S. market are set to decrease dramatically due to the standoff, creating a market gap.

2 months ago | seafoodsource.com | Toan Dao

Indian aquaculture technology company Aquaconnect announced plans to invest USD 4.5 million (EUR 4.1 million) into the research and production of aquaculture biological solutions that should help the firm provide science-driven health innovations for shrimp and fish farmers.

2 months ago | seafoodsource.com | Toan Dao

Publicly listed seafood companies in Vietnam saw shares drop dramatically on 3 April after U.S. President Donald Trump announced a 46 percent tariff rate on all goods from the country. Government officials in Vietnam said they were shocked by the high rate, and the VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), plunged 6.68 percent to 1,229.84 on 3 April – the sharpest decline in the index’s history.

2 months ago | seafoodsource.com | Toan Dao

Following delays, Indian seafood exporters are continuing their work to obtain Marine Stewardship Council (MSC) certifications for several wild-capture fisheries in the country. Since 2019, exporters in the South Asian nation have implemented various fishery improvement projects (FIPs) aimed at improving sustainability within India’s fisheries and achieving MSC certification, according to MSC India Consultant Ranjit Suseelan.