(Seafood.com) Contract farming
Exporters said once contract farming is introduced in the country, production of fish would mark cent per cent rise and at the same time foreign currency earnings will reach record high from the sector.
The traceability record, which the European Union recommended for upgradation, would help enhance the credibility of the shrimp industry and acceptability of local shrimps in overseas markets, they said.
The EU Food and Veterinary Office team in its recent report also emphasised on to ensure traceability.
"Contract farming will ensure traceability of the products-one of the main requirements of the European Union (EU) nations," President of Bangladesh Aquaculture Alliance Maqsudur Rahman told the FE.
It is high time Bangladesh should start the contract farming as the main competitor countries like Thailand and Vietnam have already started reaping the benefit of contract farming, he said.
"But we are yet to start it. We have frequently requested the authorities concerned but yet to get any assistance," he added.
Contract farming is a tripartite agreement-based process where banks will finance the exporters and the latter will provide fish fry and other materials to the farmers.
We have urged the government to provide raw materials such as fish fry, diesel as provided to agriculture sector at a subsidised rate under this programme, he added.
Farmers can get the subsidy in their account and there will also provision so that exporters can repay the loan in favour of the farmers, Mr Rahman said adding exporters would be able to directly monitor the activities.
Explaining the potentiality of contract farming officials of Bangladesh Frozen Food Exporters Association (BFFEA) said it would boost the country's third largest foreign currency earning sector.
"Production could be doubled if contract farming is launched and it would be not surprising to earn $1.0 billion in next 2 years," an exporter said.
The production in Bangladesh is only 250 kg per hectare while it could be raised to 500-600 kg per hectare through contract farming, he observed.
It will also open new era for the sector as new technology and modern cultivation procedures would be followed, the exporter said.
The country fetched $625.04 million from frozen fish exports during July-June period of just concluded 2010-11 financial year marking a robust growth of 40.40 per cent growth compared to the same period of corresponding year.
Export Promotion Bureau (EPB) has set a target of $726.48 million for the sector for 2011-12 fiscal.Published by HT Syndication with permission from The Financial Express.
(vasep.com.vn) VASEP has officially announced the program for Vietnam Seafood Summit 2026 (VSS 2026), featuring five in-depth sessions covering industry outlooks, trade barriers, buyer demand, the domestic market, and solutions to improve productivity and reduce costs across the seafood value chain.
(vasep.com.vn) Vietnam’s shrimp exports reached US$3.7 billion in the first nine months of 2026, up 11% year on year. Although growth has been supported by China and several markets within the CPTPP, momentum is slowing as exports to the United States and the European Union decline. Tariff pressures, international competition, and raw material challenges are creating significant hurdles for exporters in the final months of the year.
(vasep.com.vn) Markets are changing faster, buyer requirements are becoming more demanding, and trade barriers are growing increasingly complex. In this environment, seafood businesses need more than an understanding of current market conditions. They need a longer-term perspective to answer a critical question: Where will growth opportunities come from in 2027–2029, and what should businesses do now to prepare? This is one of the key reasons why VASEP is organizing Vietnam Seafood Summit 2026.
(vasep.com.vn) In the first eight months of 2026, Vietnam’s pangasius exports to the Middle East reached US$113 million, up 7% year on year from the same period in 2025. Growth has become more pronounced in recent months. In August alone, exports to the region totaled US$20 million, an increase of 24%. This indicates that demand for Vietnamese pangasius in the Middle East is gradually recovering after a slowdown in March, although the pace of recovery varies across markets.
(vasep.com.vn) China’s shrimp imports continued to grow strongly in 2026, while Vietnam’s shrimp exports to the market also recorded notable growth. However, behind these positive figures lie two distinct trends: Chinese consumption is growing more slowly than imports, and lobster accounts for a substantial share of Vietnam’s shrimp exports to China, making its product mix significantly different from those of Ecuador and India. Exporters therefore need to assess each segment carefully to understand the opportunities and risks.
(vasep.com.vn) Changing markets, shifting buyer demand, and increasingly complex trade barriers are raising a key question for Vietnam’s seafood industry: Where will the new growth opportunities lie in 2027–2029?
(seafood.vasep.com.vn) As of the end of August 2026, Vietnam’s tilapia exports to the United States reached $21 million, representing a steep 48% year-over-year decline and accounting for 23% of the country's total tilapia export turnover. Frozen fillets accounted for 78% with the remainder consisting of whole frozen tilapia and frozen cuts.
(seafood.vasep.com.vn) After a volatile first half of the year, Vietnam’s pangasius exports to Brazil registered robust growth in July and August 2026. In August alone, export turnover reached $19 million, surging 73% compared to the same period in 2025. Cumulatively for the first eight months, total export value reached $124 million, reflecting an 8% year-over-year increase.
(seafood.vasep.com.vn) Besides modifying their boats, many fishermen in Dak Lak province are making efforts to venture out to sea to harvest seafood during the rough sea season.
(seafood.vasep.com.vn) At the Responsible Seafood Summit and TCRS Shrimp Summit 2026, organized by the GSA (Global Seafood Alliance) in Bangkok, Thailand, the conversation about the future of the shrimp industry began with one of its most important foundations: seedstock quality.
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