Major industry participants are involved in new product launches and collaborations to penetrate in untapped markets of Asia and Latin America. (Image source: Chris Waits/Flickr)
The global market for aquafeed is expected to reach US$133.1bn by 2020, according to a new study, with growth particularly high in countries such as China and Vietnam due to increasing awareness on increasing yield and high efficiency
Of the total Indonesian fish exports, red snapper brought in US$11.7mn. (Image source: Stacy Conaway/sxc.hu)
The Indonesian government has announced that it is facilitating a marine and fisheries ecolabel certification programme for developing countries around the world
For the fisheries sector, the trade agreement will diversify export markets by eliminating prohibitive tariffs on fish and seafood entering South Korea from Canada. (Image source: Namineni Srinivas/sxc.hu)
South Korea and Canada have recently signed agreement for a bilateral free trade that will help boost aquaculture trade between the two countries, among other investment ties
Pharmaq was first engaged in the development of fish vaccines for Vietnam in 2006. (Image source: Pharmaq)
Norwegian firm Pharmaq has signed a deal with Vietnamese government to develop vaccines for several different farmed fish species in the country
The farm will be located on a 1,300-acre site in Zhongshan on the Pear River Delta in China. (Image source: JVL/Flickr)
China’s Sino Agro Food has signed a deal to build the world’s largest shrimp farm, which will produce 300,000 metric tonnes a year once completed in 20 years’ time
