The Farm Bill sets the United States’ nutrition and agriculture policy for the next five years, and, on Thursday, the Senate voted to advance its version of the bill, initiating about two weeks of debate on the Senate floor.
The previous Farm Bill, enacted in 2008, included a provision that gave the USDA the authority to inspect imported and domestic catfish. However, implementation of the measure has been delayed, even though the rule-making process and the public-comment period have come and gone.
The 2012 Farm Bill would override the 2008 Farm Bill, so if the McCain-Kerry amendment survives, the FDA, the agency responsible for monitoring the U.S. food supply, would retain the authority to inspect catfish.
It appears that support for doing so is only building. In late April, 17 U.S. senators, including McCain and Kerry, signed a letter to Debbie Stabenow, chair of the senate’s Committee on Agriculture, Nutrition and Forestry, urging her to repeal the USDA catfish inspection program. They agrued that the program would “simply supplant the existing FDA [Hazard Analysis Critical Control Points] seafood regulatory scheme.” They also cited two Government Accountability Office (GAO) reports calling the program redundant and duplicative; the program is expected to cost USD 30 million to implement, according to the GAO.
“Cost cutters on the Hill who have been looking to root out waste and protect American jobs have thrown down the gauntlet with this,” said National Fisheries Institute spokesman Gavin Gibbons. “McCain and Kerry are leading a bipartisan effort that says if you support programs that waste tens of millions in taxpayer dollars, if you support programs that will negatively impact U.S. agricultural exports, if you support regulatory programs that have no food-safety benefit, then you support the [USDA] catfish inspection program. If you’re sick of wasteful handouts, you support repeal. It’s a fairly cut and dry scenario.”
The McCain-Kerry amendment comes as a relief to U.S. catfish and pangasius importers, who say the USDA catfish inspection program would curb the flow of product into the U.S. market (it’s still unclear whether the catfish-like pangasius would be included in the program). They also contend that its supporters are simply trying to protect the domestic catfish farming and processing industry, not safeguard public health.
At the same time, U.S. catfish farmers and processors argue that their competitors overseas should be subject to the same scrutiny as they are when it comes to food safety. The USDA catfish inspection program has the backing of The Catfish Institute and several Southern legislators.
(seafood.vasep.com.vn) The US remains Vietnam’s largest single market for shrimp imports, accounting for 20% of Vietnam's total shrimp exports globally. As of October 15th, 2024, Vietnamese shrimp exports to the US reached nearly 600 million dollas, marking a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) According to Vietnam Customs, pangasius exports to Canada reached over 1 million USD in the first half of October 2024, a 33% decrease compared to the same period last year. However, by October 15, 2024, total pangasius exports to Canada had reached 32 million USD, reflecting a 10% increase compared to the same period in 2023.
(seafood.vasep.com.vn) Cà Mau is accelerating its digital transformation, developing green industries, and promoting high-tech processing of agricultural and aquatic products, with a focus on sustainable economic growth and environmental protection.
(seafood.vasep.com.vn) The Dong Thap Pangasius Festival 2024, themed 'Dong Thap Pangasius: Green Journey - Green Value', will take place on November 16-17 in Hong Ngu City.
The positive business momentum in the domestic seafood sector could last into the first half of 2025, according to experts.
(seafood.vasep.com.vn) In the first three quarters of 2024, brackish water shrimp production exceeded 1.1 million tons, with export revenue reaching $2.8 billion. The seafood industry has set a target of $4 billion for shrimp exports for the entire year.
While the price of 1 kg of shrimp hovers around 20 USD, the value of 1 kg of chitosan—extracted from shrimp—can soar to 500 USD. This highlights a significant challenge within the seafood processing industry.
(seafood.vasep.com.vn) By October, Vietnam's shrimp exports had generated nearly $3 billion, reflecting an increase of over 10% compared to the same period last year. Shrimp remains the leading commodity contributing to the export turnover of the entire seafood industry.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (FIMEX VN - HoSE: FMC) concluded Q3/2024 with significant growth in revenue. Specifically, Sao Ta Food recorded revenue of VND 2,845 billion, a 58.6% increase year-on-year. The company's profit after tax reached VND 95 billion, up 6.2%.
VASEP's Seafood Export Report for the third quarter of 2024 provides a comprehensive overview of Vietnam's seafood export performance in the first nine months, with impressive results reaching $7.2 billion—an increase of 9% over the same period last year. In the third quarter alone, seafood exports grew by 15%, totaling $2.8 billion. This growth is attributed to a recovery in demand and prices in key markets such as the U.S. and China, as well as the competitive advantage of value-added products in markets like Japan and Australia.
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