Beijing municipal government has spent a stunning RMB 294 million (USD 47.4 million, EUR 34.4 million) since 2010 to ensure that yields are improved from RMB 15,000 (USD 2,420, EUR 1,756) to RMB 24,000 (USD 3,873, EUR 2,809) per mu (15 mu in a hectare) in value terms each year. A further RMB 34 million (USD 5.5 million, EUR 4 million) will be spent this year. The goal is to add 6,000 metric tons (MT) to the Beijing region’s freshwater fish output: part of a broader local government plan to enlarge the city’s “food basket.”
Beijing’s eagerness to meet its rising seafood needs is apparent in a heavily subsidized overhaul of the freshwater aquaculture resources in the region of the capital city (whose urban and rural counties cover an area the size of Belgium). In Miyun county two hours outside the city proper, fish farmers are availing of generous subsidies from the local government to restore ponds and build what are termed “greenhouse”-style fish farms: indoor year-round production in tanks with water recirculating systems.
According to the city’s government press office, this year Beijing is also subsidizing the building of 12 specialized “breeding farms” producing carp, perch and eels. “The goal is to eliminate small, scattered and inefficient ponds and to industrialize our fish farming,” explained a government spokesman this week on the Beijing TV channel run by local government. Also interviewed, fish farmer Wang Xiaoyue had a third of the price of new ponds and water systems. His is one of the 28 “standardized” fish farms promoted by the city as models for others to follow — a model paid for with taxpayers’ money.
Another priority of the plan is to reduce the water usage by the fisheries sector: 290,000 square meters per year can be saved, according to officials, through more efficient farms. Freshwater farms still supply the bulk of fish needs in China. Freshwater output will rise 5.5 percent a year between 2013 and 2018, according to a recent report by the Beijing-based Shangpu Consulting group. Output at 22.2 million MT in 2010 was up 4.6 percent year-on-year while freshwater fishery sector grew by an average 5 percent a year between 2009-2013, with 5,907 hectares of Chinese land under use for fish ponds in 2012, up 3.12 percent year-on-year.
Many of the challenges facing China’s aquaculture sector are visible in Miyun, a largely agricultural area which recently published an economic plan in line with the national and city government’s new priority to cut pollution while also raising rural incomes through investment in farming (and fisheries). The Miyun area has been forced to requisition farm and fish farm land to plant new forestry belts to fight pollution and desertification while also reducing water pollution and usage, said Miyun mayor Wang Haichen. Yet Wang is also committed to spurring growth in rural areas and improving rural incomes, which at RMB 16,000 (USD 2,582, EUR 1,873) per year are half the urban average in the county.
(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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