News

CPF considers setting up a shrimp farm in the U.S.

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Charoen Pokphand Group is considering setting up a new shrimp farm in the U.S. The company is considering different locations including Florida and other sites less prone to hurricanes, according to Bloomberg.

As much as 95% of seafood consumed in the U.S. is imported and the Trump administration has prioritized the expansion of U.S. aquaculture to reduce deficits.

The pilot shrimp farm project could be finalized by 2021 and more expansion may follow.