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April 10, 2013

 

Thailand

CP Foods Knows the Cause of EMS

 

 

CP Foods, the biggest shrimp farming company in Thailand, says it knows the cause of early mortality syndrome (EMS) and has found a way to prevent it.

 

CP Foods may show a loss of more than $27 million in the first quarter of 2013—an improvement over the massive loss of $69 (extraordinary items excluded) that it reported for the fourth quarter of 2012.  The primary cause of the losses is its shrimp farming and shrimp food business (accounting totaling for 12% of its total income), both of which have been hit hard by EMS.  Production from its shrimp farms and from other shrimp farms in Thailand has plunged as much as 30% from the same period last year.  The company expects an improving situation by the end of the second quarter of 2013.

 

Source: Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  CPF Results Dragged Down by Shrimp Sector Problems, Primarily EMS.  Ken Coons (kencoons@seafood.com).  April 8, 2013.

 

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