Thai Union plans further childcare centers for workforce
With one center already open and four more planned, company is committing THB 10m to educating immigrant workers' children during their time in Thailand
Shrimp supplier Uhrenholt Seafood notes strong growth in UK
Danish coldwater and warmwater shrimp supplier attributes 2013 annual red figures to new legal structure, as it notes a strong development in UK cooked and peeled market
Thai Union president sees shrimp raw material imports dropping
Processor is not currently importing shrimp from other countries, because the price spread has closed and capacity is more in sync with raw material, says president
Indonesian farmers report panic selling on falling shrimp prices
One farmer reports increasing panic selling and harvesting of smaller sizes, as another says prices are down 30-40% from last year. However, they added, the margins are still solid, and the drop is likely to be short-lived
Thai ex-farm shrimp prices firm back up
Prices still below levels seen a few weeks back, but up from low of week 19, according to information from Undercurrent News sources
Analysts lower CP Foods earnings forecast, warn of challenges ahead
Jump in corn and soy meal costs will affect company in next two quarters, warned Asia Plus Securities
Tier 3 downgrade prospect a chance to ‘raise standards’ in Thai shrimp business
‘Even if we are lucky and we are not downgraded, we still have to fix this and clean up the industry,’ says Choopong Lueskprasert, MD of Thai shrimp processor Marine Gold
Thai shrimp farmers willing to take lower profits to keep markets
Farmers seem receptive to reduce prices 10-20% in order for Thailand to remain competitive in the market, exporter tells Undercurrent News
UFP moves into surimi as part of diversification from shrimp
Union Frozen Products (UFP), one of Thailand’s largest shrimp and seafood processors, has moved into surimi production as part of a diversification strategy from shrimp
Expanding Indian surimi processor moves into shrimp
Surimi processor Gadre Marine Export, which snapped up a plant from Hindustan Unilever last year, told Undercurrent News it is now expanding into shrimp