The farming area in the province in the period touched 296,000 hectares, up 0.36% over the same period last year. The harvested area was 291,910 hectares, an increase of 0.66% year on year. These rises were driven by favorable weather with much rain and a decrease in salinity in recent months, which facilitates aquaculture activities.
In Oct 2016, aquaculture production of the province reached 23.50 thousand MT, up 2.17% over the previous month, and up 5.86% year on year. The figure in Jan-Oct 2016 estimated at 234.50 thousand MT, completing 70% of the plan, down 7.79% over the same period last year.
In Oct 2016, the production of post-larvae black tiger shrimp in the locality amounted to 1.1 billion pieces. The figure in Jan-Oct 2016 estimated at 8.6 billion ones. The output of post-larvae black tiger and whiteleg shrimp from other sources into the province in Oct 2016 reached 1.4 billion ones, the figure in Jan-Oct 2016 estimated at 12.15 billion ones.
In Oct 2016, marine catch in Ca Mau province hit 18.20 thousand MT, down 0.55% from last month, but up 42.19% over the same period last year. The figure in Jan-Oct 2016 estimated at 176.60 thousand MT, completing 90.56% of the plan, up 12.22% from a year before. This was driven by relatively favorable weather for fishing activities, fishermen invested in fishing nets and high-capacity machines. Moreover, the number of fishing increased thanks to new vessels with the capacity of 20-50 CV which fishmen catched inshore along U Minh, Tran Van Thoi and Phu Tan District.
Compiled by Dieu Thuy
(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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