The contagion effect of the war in Ukraine has been felt all over the world, from rattling the energy market to fueling Europe's growing refugee crisis. Experts warn that the conflict could have even bigger impacts, including triggering an impending food crisis. The EU is the main trading partner of agricultural, food and seafood products with Russia and Ukraine. Therefore, the European Union is facing the threat of food security now.
The war in Ukraine and sanctions on Russia have shifted Europe's economy and markets on a much larger scale than in previous crises like the Covid-19 pandemic. Inflation in Europe is hitting a record high and threatens to undermine the manufacturing resumption that began last year when economies struggled to bounce back from the Covid-19 pandemic. It is forecasted that food prices in Europe will increase to unprecedented levels, which is an opportunity for Vietnamese pangasius enterprises to return to this market after many years of stagnation.
Moreover, the fact that many EU countries and the US are "punishing" Russian pollock - which is a strong competitor to pangasius - also makes the supply of white fish in this region significantly reduced. This is a good opportunity for Vietnamese pangasius enterprises to promote frozen pangasius exports to the EU.
Until now, the Netherlands is still the largest pangasius import market of Vietnamese enterprises. In the first 4 months of this year, Vietnam exported a variety of pangasius products to this market, including value-added products such as: Frozen breaded pangasius, frozen sliced pangasius; frozen pangasius fillets (Cubes), frozen pangasius fillets; Frozen nugget cut pangasius fillet, frozen rose roll pangasius fillet, frozen fried beer flavored breaded pangasius, frozen organic pangasius fillet.
Currently, besides the Netherlands, Vietnamese pangasius enterprises are exporting frozen pangasius to Germany, Spain, Belgium, ... in a positive way.
Compiled by Tra My
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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