Five of the world's eight tuna species are already classified as threatened or nearly threatened with extinction, according to the Red List of Threatened Species compiled by the International Union for Conservation of Nature (IUCN).
At the IUCN's World Conservation Congress currently underway in South Korea's southern Jeju Island, experts said partial quotas currently in place were inadequate and uninformed.
“The problem is, there is lack of science-based catch limits to ensure effective management and conservation,” said Amanda Nickson, Director of Global Tuna Conservation at the Pew Environment Group.
The five Regional Fisheries Management Organizations (RFMOs) that manage the global tuna fishing industry do have some measures in place, including restricting the catch of certain species to the amount caught in a previously defined year.
They also operate “input controls” that, among other things, limit the number of fishing vessels, but Nickson argued these were ineffective as they simply provided an incentive to develop more effective fishing methods.
While acknowledging that scientific data on tuna stocks was “imperfect,” Nickson said the U.N. Fish Stocks Agreement specifically provided for the setting of catch limits if the evidence in favor was compelling enough.
“There is sufficient science available to set precautionary limits,” Nickson said
“If we wait five, 10 years for the science to be perfect, in the case of some species we may not have anything left to manage,” she added.
The Atlantic bluefin species, which can live to 40 years old and grow to more than 4 meters (13 feet) long, is in the gravest danger of disappearing with stocks estimated in some areas to have halved over four decades.
It is so highly prized by sushi-loving Japanese that a 269-kilogram (592-pound) fish went for a record 56.49 million yen (US$737,000 at the time) in January auctions.
“The message is that some tuna species are in bad shape,” said Bruce Collette, chair of the IUCN Tuna and Billfish Specialist Group.
“Long living and high value tunas are threatened by over exploitation and under regulation by the regional agencies,” Collette warned.
The global tuna industry is an economic juggernaut, with fishing in the Pacific Ocean alone — accounting for 65 percent of the global commercial catch — worth around US$5.5 billion a year.
Toshio Katsukawa, a fisheries expert from Mie University in Japan, said only urgent international cooperation could safeguard the future of the Pacific bluefin tuna.
(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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