At the time being, the supply of raw pangasius in Vietnam is stable though the fish production is predicted to be lower compared to that of last year. Some Vietnamese companies say that pangasius imported into the U.S. rose 15 cents compared to quotation in early 2014 because of higher price for domestic raw pangasius.
Through February 2014, pangasius from Vietnam was US$2.93 per kilogram, down 2 percent year on year.
In late March, the U.S. Department of Commerce (DOC) announced its final results of the ninth administrative reviews from July 31, 2011 to August 1, 2012 (POR9) on the antidumping duty on certain frozen pangasius fillets from Vietnam. Some Vietnamese pangasius exporters with the low antidumping rate still keep their fish selling to this market in the coming time. Those who are suffering higher antidumping duty, may find hard to keep fish sales there.
In March, Vietnamese Association of Seafood Exporters and Producers (VASEP) and some Vietnamese seafood companies participated in the 2014 Seafood Expo North America in Boston (Massachusetts, the U.S.) with an aim to display and promote their high quality seafood products to American and international visitors. The objective is to find potential partners and expand markets for Vietnamese seafood products. Some Vietnamese exhibitors said that pangasius inventories of the U.S would fall down and the market will have rising demand for this kind of fish in late of 2014. The U.S. seafood market is predicted to be on positive trend in 2014. According to a survey by Progressive Grocer magazine (PG), the 2013 was a successful year for the U.S. seafood retail chain in terms of volume and value. 2014 shows positive predictions for retail sales. The U.S. will also have stronger demand for wild caught-fish, sustainable products and seasonal products.
The United States' Food & Drug Administration's Dietary Guidelines have also boosted demand when recommending that 20 percent of protein intake come from seafood. Health-conscious consumers recognize fish and shellfish contain high-quality protein and other essential nutrients and are an important part of a healthful diet.
Restaurateurs and researchers in the United States confirm that consumers are showing more interest in certain types of fish and shellfish. More than 80 seafood items that are appearing on more menus now versus a year ago.
(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.
VASEP - HIỆP HỘI CHẾ BIẾN VÀ XUẤT KHẨU THỦY SẢN VIỆT NAM
Chịu trách nhiệm: Ông Nguyễn Hoài Nam - Phó Tổng thư ký Hiệp hội
Đơn vị vận hành trang tin điện tử: Trung tâm VASEP.PRO
Trưởng Ban Biên tập: Bà Phùng Thị Kim Thu
Giấy phép hoạt động Trang thông tin điện tử tổng hợp số 138/GP-TTĐT, ngày 01/10/2013 của Bộ Thông tin và Truyền thông
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