The province plans to expand the industrial shrimp farming area to 10,000 hectares by 2020.
According to Ca Mau Department of Agriculture and Rural Development, the industrial shrimp farming area in the locality accounts for 5,300 hectares out of the province’s total shrimp farming area. Shrimps have been farmed in Ca Mau for many years. Activities of processing, logistics, processing are being developed. Local shrimp products are more and more favored by foreign importers.
Difficulties
However, shrimp farming in Ca Mau is facing a lot of difficulties. The shrimp culture is lagging behind its potential. Industrial farmed shrimp yield in Ca Mau is lower compared to other provinces in region and the whole country. Local shrimp culture is still affected by environment turbulence. Investment in production infrastructure and irrigation system has not been fully effective yet.
The province is boosting the improved extensive shrimp area in a bid to offset previous loss and meet raw shrimp for processing.
Boosting cooperation in shrimp farming
To develop industrial shrimp farming sustainably, it is necessary to cooperate closely among production chain. Enterprises should cooperate with shrimp farmers share mutual profit, farmers and households who have a lot of experiences in farming need to exchange their experience to other farmers and build close combination among cooperatives. Besides, the province needs to give priority to invest in upgrading irrigation system, electricity supply for industrial shrimp farming areas; intensify trade promotion and market expansion; apply advanced technology and expand producing groups. The correct investment plan with suitable steps for each project and area, Ca Mau will create new impetus in developing fish production, especially industrial shrimp culture.
(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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