"We have a daunting task of achieving a per capita availability of 15 kg in the region with a total production of about seven lakh tones by 2020," the CIFA chief said.
The task would also mean that the region has to double its fish production in another eight years, Jayasankar said at a consultative conclave on Aquaculture Development for the stakeholders of North Eastern states including Sikkim.
Identifying the region as 'rich' in natural resources for fisheries, the CIFA director said the NE states with a total of 14,648 km of riverine fisheries resources in the forms of rivers, reservoirs, lakes and ponds, streams and flood plains, wetland fish species are "ideal environment".
Rueing that the region's exploitation of aquatic resources has remained 'low', Jayasankar said expanding of fishery resources both horizontally and vertically could open up vast opportunities in aquaculture development.
Presently, the region produces over three lakh metric tonne of fish in a year with Meghalaya contributing to 4,577 MT, Assam 2.3 lakh MT, Manipur 20,200 MT, Mizoram 2,901 MT,Nagaland 6,585 MT, Tripura 49,231 MT and Sikkim 180 MT.
Meghalaya government is raising 100 fish sanctuaries set to promote tourism apart from setting itself a target to produce 25,000 MT of fish in a year at the end of the 12th Year Five year Plan which would also mean that investment would be raised from a mere Rs 3 crore to 1200 crore a year, K N Kumar, principal secretary (Fisheries) said.
(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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