“Pangasius fillet is seen to impact substantially in the food sufficiency thrust of the government,” Department of Industry (DTI) Regional Operations and Development Group (RODG) Undersecretary Merly M. Cruz said during this year’s National Pangasius Conference in Antipolo City.
DTI, through RODG, earlier pushed a project on pangasius mainly to address the government’s food security program, and provide livelihood projects.
Pangga (pangasius hypothalamus) was introduced by the Bureau of Fisheries and Aquatic Resources (BFAR) in the Philippines in 1981. It belongs to the catfish family and known commonly then as an aquarium fish, named “hammer head shark”.
“The current focus on the pangasius industry is seen as a strategy for inclusive growth. It is looked at as a cluster-based development aimed at creating sustainable employment in the countryside and contributing to the food security program through micro, small, and medium enterprise (MSME) development,” Cruz said.
The DTI-RODG piloted its pangasius project in Mindanao, particularly in regions 9, 10, 11, 12 and 13. The project expanded in regions 3, 4, 5, and 8. As of December 2011, a total of P202.358 million investments were recorded. These investments created 915 jobs in the industry’s hatcheries, nursery ponds, grow-out farms and processing companies.
“Our average monthly imports of pangasius fillet from Vietnam amounts to 600 metric tons valued at US$ 1.650 million,” Cruz said.
The Vietnam’s Mekong River is known for its tra (pangasius hypothalamus) and basa (pangasius bocourti) catfish varieties. These fish varieties were usually processed into fillet, nuggets, patties, steaks and steamed dumplings. These pangasius fillet were sold locally in grocery stores, and supplied in high-end and fast food chain restaurants like McDonalds, Chow King and Kenny Rogers.
“The importation of pangasius fillet from Vietnam increased from 2008 to 2010. It only declined in 2011,” Cruz said.
From 2008 to 2009, the country’s imports of pangasius increased by 69 percent, from 2,751 to 4,652 metric tons. In 2010, this trend continued, pangasius imports grew to 6,689 metric tons or 44 percent growth from the past year.
In 2011, the volume of imported pangasius from Vietnam fell to 4,836 metric tons, or 28 percent decrease from its 2010 level. This decrease can be attributed to the collaborative efforts of the government and the private sector to support the industry and the growing market of pangasius.
“By 2016, our goal is to substitute the country’s imports of Pangasius, which mostly come from Vietnam,” Cruz claimed.
“If the country will be able to substitute its monthly importation of 600 metric tons of pangasius fillet by 2016, two hundred seventy (270) hectares of land will be developed. This is expected to generate in Php650 million investments and Php945 million sales. Two thousand seven hundred (2,700) workers will be employed,” Cruz said.
According to BFAR data, total local production of pangasius grew by an average of 186.74 percent from 2008 to 2010.
“The increase in pangasius production can be attributed to the growing interest of Filipino businessmen to invest in pangasius industry. This reflects that government and private sectors’ efforts have paid off, and we need to sustain this momentum to ensure that the growth achieved will rebound to more growth and more benefits for all,” Cruz said. (PNA)
(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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