According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food JSC, the company's processing plants are currently working hard to meet orders and prepare for the first export shipments of the Lunar New Year immediately after returning to work after the long holiday.
In January 2024, the company's processed shrimp production increased more than doubled compared to the same period last year, reaching 1,250 tons. At the same time, processed shrimp consumption reached 1,614 tons, equal to 145% of the same period last year.
The output of processed agricultural products was 189 tons, equal to 116% of the same period last year. Total revenue was 19.2 million USD, equal to 126% of the same period last year.
According to the company's leader, this year, shrimp farm workers and the company's leaders have experienced their first Lunar New Year at the shrimp farm, as this is the first year the company has implemented the off-season shrimp crop, stocking from late November 2023 to prepare raw materials for processing for export in 2024.
In the South, since the 10th lunar day, many businesses have resumed operations and started production. Immediately after returning to operation after the Tet holiday, many businesses have exported goods.
In which, Global Trading Connection Company Ltd. exported 2 containers of about 18 tons of processed coffee, such as mango coffee, salt coffee, noni coffee... to Australia. Previously, this company shipped 1 container of processed coffee to Australia to be sold at Australian supermarkets on the 4th day of Tet.
However, according to the assessment of businesses, although there have been positive signs in exports, they are facing new difficulties. In particular, Vietnam's seafood exports have shown signs of recovery and are likely to increase again in 2024, especially in the second half of the year. In which, the export of two main seafood products, shrimp and pangasius, basa will recover after a sharp decline in 2023.
According to Vietnam Association of Seafood Exporters and Processors (VASEP), in 2024, Vietnam's shrimp exports will increase by 10-15% compared to 2023; pangasius exports are expected to reach 2 billion USD.
However, the tensions in the Red Sea are causing a lot of difficulties in the transportation of goods in general and seafood in particular, as freight rates are increasing. The high selling price will greatly affect the decision to buy goods. Currently, businesses are considering exports to nearby markets to reduce transportation costs.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
(seafood.vasep.com.vn) According to data from General Department of Vietnam Customs, the UK imported nearly $3 million worth of pangasius from Vietnam in the first half of March 2024. Cumulative pangasius exports to this market reached $12 million as of March 15, 2024, down 3% from the same period last year.
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at 13.53 billion USD, up 21.8% over the same period last year; and this results in a trade surplus of 3.36 billion USD, a rise of 96.5%, according to the Ministry of Agriculture and Rural Development (MARD).
The southernmost locality is developing shrimp farming models that generate large outputs but are environment-friendly.
(seafood.vasep.com.vn) An Giang province's aquaculture output is predicted to reach 172.3 thousand tons in the first quarter of 2024, up 6.37% (+10.3 thousand tons) from the same time the previous year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, as of March 15, 2024, Vietnam's cephalopod exports reached more than 109 million USD, a slight decrease of 3% compared to the same period in 2023. In the first quarter of this year, Vietnam's cephalopod exports are expected to reach about 136 million USD, down 2% over the same period last year.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
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Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
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