Although Filipino tuna fishermen say the ban in the area of the migratory path is costing them their livelihoods, Marfenio Tan, the former president of the Socsksargen Federation of Fishing and Allied Industry in General Santos City, said he favors a longer ban or even a total one on fishing in the two pockets, rather than a mere lifting of the ban, in an effort to allow the rapidly declining species to replenish their stocks.
Tan is supported by an American yellowfin tuna trader, John Heitz. The two are calling for a moratorium on net and purse seine fishing as well as a moratorium on tuna fishing during spawning season or reducing vessel fishing days.
The seas off Palau, Micronesia, Papua New Guinea and Indonesia are areas closest to the Philippines where local tuna fishing companies frequently operate and further south west off the Solomon Islands, Fiji, Tuvalu, Nauru, Marshall Islands, Micronesia, Papua New Guinea and parts of Kiribati.
Opponents of the ban, including General Santos City Councilor Ronnel Rivera, argue that the ban has had a direct impact on employment and the Philippine economy, especially in southern Mindanao.
The opponents say they aren’t pushing for the resumption of so-called super seiners, 70-meter giants that can land up to 200 metric tons in a single catch by settling a large circular net around the school of fish, then pursing the bottom together to capture them. Those vessels are largely stationed in Papua New Guinea where two Filipino companies also own tuna separate canning plants.
“We cannot compete with the super seiners of countries like the US, Japan, Spain and others anyway,” Marfenio Tan said.
Most Philippine fishing vessels are capable of catching up to 50 tons of tuna-like specie, mostly used as raw materials for canning. Tan said there were 38 Philippine fishing vessels operating in these areas prior to the two-year ban that took effect starting in 2010.
(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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