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Minh Phu’s next big bet is on organic black tiger shrimp
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Ca Mau, Vietnam-based Minh Phu Seafood is planning on significantly expanding its organic black tiger shrimp farming, a bold play for a company which has recently prioritized investment in developing its vannamei production capabilities.
Minh Phu has been Vietnam’s largest shrimp company for several years, achieving exports valued at USD 643.7 million (EUR 525 million) in 2019. In recent years, it has invested heavily in upgrading the technology of its vannamei farms in Loc An and Kien Giang in Vietnam’s south, which are in the process of being expanded to meet an expected growth in demand.