China-Malaysia JV plans large shrimp farm
News 23/01/2018 - Nguyễn Trí Tín
The Malaysian archipelago Langkawi is set to become a major producer of vannamei shrimp through a Sino-Malaysian aquaculture joint venture, reports Bernama.com.
Malaysian firm Koperasi Pelaburan Pembangunan Hartanah Perak Berhad (KPPH) and China's Fubao Group signed a memorandum of understanding on technology, and a marketing partnership on the project on Saturday (Jan. 20).
The shrimp farm has been earmarked for a 250-acre (101.17 hectare) site near the town of Bukit Malut, Langkawi; land which was made available by the Malaysian Fisheries Development Authority. The project is expected to generate annual revenue of about MYR 1.5 billion ($380.6 million) in its third year after implementation.
Find out more
- Young’s launches pollock Gastro products as whitefish prices rise (15/03/2018)
- Trident: Demand for pollock fillets will be 40,000t over supply this year (15/03/2018)
- HOMEMARKETPLACEPRICESSPECIESCOMPANIESDOWNSTREAMUPSTREAMBLOGSJOBSREPORTSNEWSLETTERS PRICESCOMPANIESNORTH AMERICA Alaska asks for disaster funds for Pacific cod quota cut (15/03/2018)
- US SIMP for shrimp, catfish advocates to lose champion in Cochran (12/03/2018)
- Vietnamese pangasius clears USDA’s first hurdle, but two more ahead (08/03/2018)
- Vietnam files WTO complaint on US pangasius inspections (28/02/2018)
- Pangasius raw material prices still creeping up (22/02/2018)
- Ag economist: Cheaper grains means more competition in protein market (31/01/2018)
- US regulatory pressure to push more pangasius to China (31/01/2018)
- Bundrant: Trident’s ‘Wild Alaska pollock revolution’ will gather pace in 2018 (24/01/2018)