Thai Union to buy 40% in Avanti Feeds shrimp plant venture for $18m

Posted on 17 Mar 16 20:11 pm | Written by UNDERCURRENT NEWS

Thai Union Group is to invest INR 1.25 billion ($18 million) into buying a 40% stake the newly-spun off frozen food business of Avanti Feeds.

Hyderabad ­based Avanti said wholly owned unit Avanti Frozen Foods will issue fresh shares to Thai Union.

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World production of farmed shrimp could be 10% lower in 2015 than in 2014 due to falling prices

Posted on 11 Mar 16 11:11 am | Written by GLOBEFISH -FEBRUARY,2016

During the first nine months of 2015, shrimp imports in the USA increased marginally, while the trend was negative in the EU and Japan. In contrast, imports were higher in the growing markets of Asia and the Middle East, supported by lower market prices.


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