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.
Read MoreWorld 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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International Developments (11)
- US eases rules for Indian seafood export
- Vietnam’s seafood exports could be left fishing in 2017
- Big Seafood Companies Promise to Reduce Illegal Fishing
- Burmese seafood redirects away from China
- UAE food sales projected to grow by 7pc
- Lower prices helped shrimp consumption in USA
- US, China drive Vietnam Q1 export growth
- Japan shrimp imports drop amid high prices, weak demand
- World production of farmed shrimp could be 10% lower in 2015 than in 2014 due to falling prices
- Custom live seafood shipping containers designed to expand markets
- Germans mark record seafood sales
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Indian Shrimp News (7)
- Seafood exporters expect US to ease restrictions on wild-caught shrimps
- India's sea food exports up 23% at to $5.78 bn in 2016-17
- Seafood exports record marginal dip in FY16
- 20th India International Seafood Show - 23rd to 25th September 2016
- WorldFish and Odisha State join efforts to scale-up aquaculture
- Fall in aquaculture exports likely
- Thai Union to buy 40% in Avanti Feeds shrimp plant venture for $18m