The Norwegian aquaculture firm announced today that its shareholders had sold 9.46 million shares to the government in an auction at NOK 108 (USD 17.76, EUR 13.52 per share, giving the government a controlling interest in the company.
Thailand's largest agribusiness company Charoen Pokphand Foods Pcl said it would slash its 5-year investment budget and cut its revenue growth target as its foreign farms were performing below expectations.
Chinese meat company Shuanghui International's proposed purchase of Smithfield Foods Inc is unrelated to food safety issues and its market is open to pork from the United States.
Business is booming in the U.S. chicken industry as production and prices rise, profits continually increase, feed costs decline and fast food restaurants promote chicken dishes.
Viet Nam is the leading producer of black tiger shrimp in the world with a production of 300,000 tons in 2011, followed by India and Indonesia with a production of 187,900 tons and 126,200 tons respectively.
A series of big seafood companies in the west of the southern region, which are the biggest seafood exporters in Vietnam, have one after another, fallen into tragic situation.
The board of directors of Peruvian fishmeal and fish oil producer Copeinca announced today that China Fishery Group has made a new offer to buy out the company, an offer the board is inclined to accept.
China and Vietnam on Friday agreed to establish a hotline to deal with fishery incidents in South China Sea waters that have been a frequent source of tension between the two nations.
Beef prices have hit a recent high due to the continued drought that has affected the Western U.S. Although improvements have been seen since September, the concerns still linger.
Studies from England reveal that children of mothers who consumed more than 340 grams of seafood a week, showed better verbal skills than children of mothers who consumed less seafood.
The Ministry of Agriculture and Forestry has temporarily banned imports of shrimp from Asia following fears of the spread of Early Mortality Syndrome (EMS).
The voluntary acceptance period for the offer by Norwegian seafood farmer Marine Harvest to buy out competitor Cermaq has expired, and due to lack of interest by Cermaq, the buyout offer is officially off the table.
MG Waldbaum, a subsidiary of Michael Foods, has entered into an agreement to acquire the assets of Primera Foods – a US-based producer of processed egg products.
The UK's Office of Fair Trading (OFT) has approved a takeover of the Vion UK's poultry business by 2 Sisters Food, following an extensive review of the transaction.
