French oyster farmers are looking at some desolate times ahead, as production dropped to 60,000 to 70,000 metric tons from previously 120,000 metric tons, Bruno Guillaumie, who heads European affairs for
"We have a decrease of production of about 50 percent," he said, and mortalities are expected to continue into this summer.
While the herpes virus continues to plague producers, other bacterial vibrio and environmental impacts such as polluted waters are also cause for "the drastic reduction" in production. "The quality of the water is a significant factor in the production of oysters," Guillaumie said.
Consequently, wholesale prices have increased by around 20 to 30 percent -- not only in
Average consumer prices in
Prices for a dozen medium-sized oysters hiked to €9.55 ($12.40) in May this year, from €9.15 ($11.90) in the same month in 2012, €6.51 ($8.50) in 2010, and €6.08 ($7.90) in the same month of 2008.
The virus can kill most of a farm’s stock of young shellfish in a day, and has since spread to the
Stopping the virus or vaccinating oysters has so far proved impossible, and researchers have since tried breeding resistant strains of oyster juveniles.
CNC, in cooperation with research institute Ifremer, itself is trying to create "families with a high capacity to resist"
the virus, Guillaumie said, as previously reportedby IntraFish.
However, "it takes time to have significant results," he said, adding it is yet too early to say if the the hypothesis will prove a success.
To overcome some of the market challenges, some producers have started putting smaller, immature oysters on the market, a risk "we are trying to control."
All in all, the €630 million ($820.3 million) sector will not improve over the next two to three years, he said.
The full impact on
"But the outlook remains the same," he said. "It's obviously a big challenge. We're very much dependent on the environment. But we'll have a better idea in October.
(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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