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Analysis

CP Foods profit dives 91% as shrimp disease hits hard

Largest shrimp farmer in the world reports 91.5% decline in profit, citing the impact of shrimp disease EMS as a major factor in the weak Q1

By Undercurrent News | May 14, 2013 08:06 BST
CP Foods plans to double 2015 shrimp output from Vietnam
A CP Foods booth at a past Boston seafood show.
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Charoen Pokphand Foods (CPF) reported a 91.5% decline in net profit for the first quarter of its financial year, citing the impact of early mortality syndrome (EMS) in shrimp farms in Thailand. [...]

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