This growth in fish consumption is leading to the over-exploitation and depletion of fish stocks in the country, reports the Associated Chambers of Commerce and Industry of India (ASSOCHAM).
A sector-specific analysis of fish prices conducted by the ASSOCHAM shows that as of 2012-2013 the index value of fish has risen past 291 as opposed to just 126 in the 2008-09 period.
In addition, the growth of fish production has declined to only 3.5 per cent in 2012-13 when in the period of 2008-09 the growth was exactly double, 7 per cent. Marine fish prices increased around 91 per cent while wholesale inland fish prices skyrocketed to 200 per cent during the same period, pointed out National Secretary General of ASSOCHAM, D.S. Rawat.
“Rising fish prices has made the business financially unviable for fishing community and all the stakeholders, traders, processors and others involved in fishing related ancillary operations,” continued Rawat. “Growing urbanization and advent of supermarkets has led to growth in fish consumption across
The ASSOCHAM report pointed out that there is a need to improve and modernise production methods and train fishermen who are still using traditional fishing methods, which in turn would lead to increase foreign exchange earnings and a higher share for
The report suggests investing more money in the value added fish, ready-to-eat fish-based products and the development of technology for value addition and infrastructure for fish production based on the public private partnership (PPP) model.
The Indian population is very fond of fish, with many curry-based dishes based on fish, particularly in the coastal cities of
ASSOCHAM is urging the industry to protect and look after
SSI forecasts a 28% year-on-year increase in after-tax profit attributable to the parent company of Vinh Hoan Corporation (VHC), driven by a gradual improvement in average selling prices from USD 3.15/kg in 2024 to USD 3.30/kg (+5%) in 2025. An Giang Fisheries Import-Export Joint Stock Company (ANV)'s after-tax profit attributable to the parent company is projected to rebound by 104%.
In 2025, the Mekong Delta province of Bac Lieu aims to earn 1.2 billion USD from exporting shrimp, one of the key export products that accounts for over 95% of its total export value.
(seafood.vasep.com.vn) The Report on Vietnam Pangasius Sector 2015–2024, produced and released by the Vietnam Association of Seafood Exporters and Producers (VASEP) in January 2025, is expected to provide enterprises, importers, and government agencies with a comprehensive overview of key developments in Vietnam's pangasius production and export over the past decade. In addition to highlighting achievements, the report identifies existing challenges and analyzes future opportunities and threats for the pangasius industry.
(vasep.com.vn) Overcoming two years of fluctuation in both export markets and domestic production, Vietnam's pangasius industry has demonstrated resilience, adaptability, and a strong determination to seize opportunities and boost exports to various markets. As a result, in 2024, pangasius exports reached USD 2 billion, a 9% increase compared to 2023. This achievement is a source of pride for Vietnam's aquaculture and agriculture sectors.
(seafood.vasep.com) Speaking at a conference to implement the 2025 plan of the Ministry of Agriculture and Rural Development, Prime Minister Pham Minh Chinh urged the agricultural sector to strive for a total export turnover of agricultural, forestry, and fishery products reaching $70 billion by 2025.
With robust production and processing infrastructure, combined with continuous market development efforts, Vietnam’s seafood exports are poised for 10–15% growth in 2025.
In 2025, seafood exports are expected to continue to grow better and could reach 11 billion USD as in 2022. However, this is also the year the seafood industry will face challenges, including increased competition from other countries, trade wars and market barriers...
(seafood.vasep.com.vn) On the afternoon of December 25, at Toan Thinh Conference Center (Soc Trang City), the Soc Trang Fisheries Sub-department, under the Department of Agriculture and Rural Development of Soc Trang, held a conference to review the 2024 aquaculture activities and outline the brackish water shrimp farming plan for 2025. The event was attended by Ms. Quach Thi Thanh Binh, Deputy Director of the Department of Agriculture and Rural Development of Soc Trang.
The Mekong Delta province of Soc Trang aims to achieve export value of over 1.9 billion USD in 2025 by boosting production and processing of key products such as seafood, high-quality rice, fruits, and garments.
The UK-Vietnam Free Trade Agreement has significantly boosted Vietnamese seafood exports, with shrimp and pangasius leading the charge in the UK market.
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