Net pounds of processed fish sold during June 2012 totaled 12.5 million pounds, up slightly from the comparable month in 2011. Sales of fresh fish, at 4.69 million pounds, were up 2 percent from June 2011 and represented 38 percent of total sales. Frozen fish sales, at 7.77 million pounds, were down 1 percent from a year ago and accounted for the remaining 62 percent of total fish sales. Sales of whole fish represented 21 percent of the total fish sold, fillets accounted for 60 percent, and the remaining 19 percent were mostly steaks, nuggets, and value added products. The total end of the month inventory decreased 5 percent from last month but was up 98 percent from a year ago.
The total fresh and frozen average price for June 2012 was $3.10, down 36 cents from a year ago. The June 2012 average price received by processors for total fresh fish was $3.01 per pound, down 43 cents from last year.
Prices for fresh whole fish were $2.12 per pound, down 37 cents from June 2011. Prices for fresh fillets were down 51 cents from a year ago at $4.09 per pound. Total frozen fish averaged $3.16 per pound, down 32 cents from June 2011. Prices for frozen whole dressed fish were down 12 cents at $2.91 and frozen fillets at $3.68 per pound were down 60 cents from a year ago.
Imports for consumption of Ictalurus spp., Pangasius spp., and other catfish of the order Siluriformes for May 2012 totaled 20.1 million pounds, up 23 percent from the amount imported in May 2011. Imports were from Brazil, Canada, China, Mexico, the Phillipines, Spain, Thailand, and Vietnam. The Ictalurus spp. imports totaled 345 thousand pounds, which were from China.
Fresh catfish fillet exports totaled 83.6 thousand pounds, with 83.1 thousand pounds going to Canada and the rest going to United Arab Emirates. Exports of frozen catfish fillets reported for May 2012 totaled 4.6 thousand pounds, going to the Republic of Equatorial Guinea and Saint Lucia.
(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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