Yet a 260,000 metric ton limit per year on Alaska pollock imports remains, drawing continued concerns from Alaska pollock importers in the European Union, who will have to pay a 20 percent duty on any pollock imported above that limit.
“We don’t like these limits because these limits are uncertain," Guus Pastoor, president of the European association of fish processors and traders AIPCE-CEP, told IntraFish. "We don’t know if the limits will be reached, and then you don’t know if you are in or out. That’s why we say 'Why don’t we just keep the system as it is.'"
It is likely some pollock importers will be stuck paying a 7.5 to 20 percent duty. Over the last five years, the average volume of pollock imported into the European Union was 5,000 metric tons over the limit, at 265,000 metric tons. In 2008, the import volume reached 290,000 metric tons, a source in the industry told IntraFish.
Yet the new plan is of little concern to US Alaska pollock producers, the source said.
"Most people feel that the quota was set at such a high level that it's not really a concern," the source said, referring to the US pollock export industry.
Sentiments are different on the other side of the European Union border. As importers try to avoid getting stuck paying the duty, the new import quota could create a race for orders.
"In general, that's what this system leads to," Pastoor said. "That may be a nice thing for exporters, but on the other hand, it doesn't match the normal way the business goes...You would be forced to start buying in a speculative way just to try to make sure that you get a zero tariff."
AIPCE-CEP is working to convince member states to rethink the quota and hopes to meet with the commission to discuss it, he said. However, the commission may be past the stakeholder engagement period.
"The commission has consulted the stakeholders from November 2011 to May 2012," a spokesperson for the commission told IntraFish in an email. "Now, the proposal is in the council for the last round of discussions with the member states, and it is now the responsibility for the member states and the Commission to agree on a final proposal."
These plans are part of the EU's process of establishing autonomous tariff quotas (ATQ) for certain fish and fish products every three years. The quotas aim to help increase the supply of raw materials for the EU processing industry. Part of the goal of the current proposal is to keep supply at a consistent level.
European member states are expected to make a decision by the end of the year. If adopted, it would be in effect from January 2013 to December 2015.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn