Most of An Giang-based pangasius processors have currently run their own fish farming area, but they still got limited output and could not satisfy needs of raw material for processing because the majority of farms were in small scale. Many companies started to develop fish farming areas which have suitable water resources to farm fish; and then invest in new equipments and technologies to stock fish with high density of 350,000 – 450,000 seeds per hectare, boosting fish production to about 50 MT per hectare.
In the province, the link between fish producers and processors stayed weak. Some companies have already signed supply contracts with farmers to buy farmed fish. However, this measure did not show good effect in the case of small farmers, those needed to make deal with pangasius processing and export companies to sell all their fish.
Other concern of fish growers was lack of money to keep business as banks imposed restriction of credits for borrowers from aquaculture sector. Plus, loans were offered at high interest rate, so medium and small farming households have little chance to access bank credit sources.
In this tough situation, farmers became hesitant to stock fish as the result of rising input cost. Feed for fish growing rose by VND500 – 1,000 per kilogram, vet drugs went up by 10 – 15 percent and fuel price kept climbing; so growers could not make profit though they quoted raw fish price at higher levels.
Fish farmed and sold by farmers can not compete with those produced by processing companies in price because farmers were not granted a return of 5 percent of value-added tax on feed and vet drugs...It was very difficult for them to get loans at preferential interest rate because banks considered pangasius aquaculture as a risky sector and intended to limit offering loans or just grant loans at high interest rate.
Raw pangasius price showed downward trend in domestic market, threatening fish farming activities. Both producers and processors needs more finance to save business. Farmers are forced to push down price to sell fish and get money to pay back the bank. However, due to lack of capital, fish processing companies just buy fish with smaller volume or reduce purchasing fish for inventory.
Locality required that Directorate of Fisheries should coordinate with Ministry of Finance to calculate the needed cost for pangasius production each year. The data will be used to set the floor price of raw pangasius in the domestic market.
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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