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News 806 views 1 commentlast update:6 Aug 2012

Thai invest in shrimp feed mill in India

Thai Union Frozen Products Plc (TUF) announced it was buying shares of Avanti Feeds Limited (AFL), India's second largest shrimp feed manufacturer, for approximately 40 million baht (€ 850,000).

After the investment, TUF will own a 14.99% stake in AFL, which is listed on the Bombay Stock Exchange. The investment was helped by the long-term ties between TUF's subsidiary Thai Union Feedmill (TFM) and Avanti.

TFM specialises in producing and distributing feed products for shrimp and fish in Thailand. It has been supporting Avanti with its technical expertise in feed production for black-tiger shrimp over last few years.

In the past, the Indian government has allowed only local farmers to raise black tiger shrimp. However, it has recently allowed white shrimp farming to help increase overall production and exports.

TUF expects strong growth in shrimp production in India as a result of the change in policy.

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One comment

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    Devika Priyadharshanie Wijekoon

    I need information on shrimp feed regulationa and standards available in EU or some where. Please it would be thankful if you could provide above details.

    With best regards

    devika

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