“A shortage of local supply due to overfishing and hot weather this summer are increasingly leading
A month of drought in the central province of Hunan has cut water supplies, according to provincial authorities that estimate the loss to the local aquatic industry up to 29 July of between CNY 580 million (USD 95 million, EUR 72 million) and CNY 790 million (USD 129 million, EUR 97 million).
“There are 1.3 million ponds in Hunan suffering the drought now… 7,000 tons of fishes have died due to a lack of oxygen, the direct loss of aquatic business has been significant,” according to a Hunan Fisheries Bureau spokesman quoted in the Hunan Ri Bao daily newspaper this week.
A key base for freshwater aquaculture thanks to its numerous lakes,
The average price of bass (also known as perch) meanwhile has jumped 30 percent in
The surge in prices is due to higher transport and refrigeration costs, explained vendors in the seafood market. Prices are likely to continue to rise, explains one vendor. The next batch of bass won’t be on the market until October so the high price of bass is not likely to drop in the meantime.”
Prices of wild-caught fish meanwhile are also set to rise, due to shortages. Reports from regional media suggest a particularly acute shortage this year. While the moratorium on fishing season in the East China (Donghai) Sea off the coast of
Data on average food prices collected by the ministry of commerce shows the cost of carp — China’s most consumed seafood species — rose an average 1 percent week-over-week in the first week of August. The latest drought-induced prices rises follow a surge earlier this year when Chinese consumers switched from poultry to fish. Prices for finfish in general rose 10 percent in the first two quarters of 2013 due to bird flu according to Qilu Securities in a note to investors in
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
(seafood.vasep.com.vn) In November 2024, Vietnam's tuna exports failed to maintain the rapid growth momentum seen earlier. Export value during the month increased by nearly 4% year-on-year, reaching approximately USD 82 million. Cumulatively, the export value for the first 11 months of 2024 totaled USD 903 million, a 17% increase compared to the same period in 2023. However, at this growth rate, the total export turnover for 2024 is estimated to only reach around USD 1 billion.
(seafood.vasep.com.vn) On the evening of December 24, 2024, in Hanoi, the Central Youth Union, Viet nam Youth Federation and the Vietnam Young Entrepreneurs Association held the Vietnam Golden Star Award Ceremony 2024, with the theme "Reaching Vietnam", honoring 200 outstanding enterprises. Deputy Prime Minister Nguyen Hoa Binh attended.
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