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.
With Tet (Lunar New Year) approaching, fishermen along Vietnam's central coast are capitalizing on favourable weather conditions to intensify their fishing efforts, meeting the burgeoning demand for seafood across the nation.
(seafood.vasep.com.vn) Shrimp exports in 2024 reached nearly USD 4 billion, a 14% increase compared to 2023. Reflecting on 2024, the shrimp industry demonstrated resilience and persistent effort in overcoming challenges, solidifying its strong position in exports.
(seafood.vasep.com.vn) Sao Ta Foods Joint Stock Company (ticker symbol FMC - HoSE), one of Vietnam's largest shrimp exporters, recently announced its 2024 business results.
(seafood.vasep.com.vn) The United States remains one of the largest importers and consumers of Vietnamese pangasius, primarily in the form of frozen fillets. However, in recent years, the country has significantly increased its imports of value-added pangasius products.
(seafood.vasep.com.vn) After reaching a peak of nearly USD 6 million in June 2024, the export value of Vietnamese tuna to Italy has stagnated and continuously declined in the last five months of the year. Cumulatively, by December 15, 2024, export turnover to this market decreased by 18% compared to the same period in 2023, reaching over USD 30 million. With this decline, Italy is no longer Vietnam's largest tuna import market within the EU bloc.
The Mekong Delta province of Tien Giang, with its 32-km coastline, is well-positioned to develop a thriving seafood industry. Recognising the importance of sustainable offshore fishing, local authorities have implemented policies to modernise the fishing fleet and support operations in offshore waters.
(seafood.vasep.com.vn) On the evening of December 23, 2024, in Ho Chi Minh City, the Vietnam Association of Seafood Exporters and Producers (VASEP) held a ceremony to celebrate the seafood export milestone of 10 billion USD, with hopes for continued growth in 2025. The event was attended by Deputy Minister of Agriculture and Rural Development Phung Duc Tien, Deputy Minister of Foreign Affairs Nguyen Minh Hang, and representatives from various ministries, as well as domestic and international partners.
(seafood.vasep.com.vn) With a market share exceeding 10% in Vietnam's aquafeed sector, Sao Mai Super Feed has affirmed its position as one of the leading brands, making a significant contribution to the development of the pangasius industry and elevating Vietnamese pangasius products on the international stage.
Secretary General of the Vietnam Association of Seafood Exporters and Producers (VASEP) Nguyen Hoai Nam said that in the past 5-6 years, Vietnam's seafood export value has only hovered around 8-10 billion USD/year. To reach the value of 16 billion USD by 2030, Mr. Nam proposed establishing corporations/enterprises to exploit the sea.
(seafood.vasep.com.vn) Vinh Hoan Seafood (stock code VHC) announced that its export turnover to three key markets— the U.S., EU, and China—grew between 32% and 40% in November 2024 compared to the same period in 2023.
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