Under realisation of price due to presence of ethoxyquin (an antioxidant) in shrimps and stricter guidelines for obtaining Pre-Harvest Test Certificate (PHTC) from Marine Products Export Development Authority (MPEDA) have compelled the farmers to take a cautious stand and go for low stocking.
"Only 60 million seeds have been stocked at various shrimp farms in the state by March, this year, compared to about 200 million seeds last year. This is likely to affect the culture production of shrimps, which may dip by 30 percent compared to about 8,000 tonne last year," said Prava Ranajan Patnaik, managing director, Falcon Marine Exports Ltd, a leading exporter of the country.
Patnaik attributed the decline in stocking to the stricter implementation of the PHTC system norms.
Sources say, out of 16,000 hectares under aquaculture in the state, only 4,327 hectares belonged to registered farms. While 4,651 farmers are registered with Coastal Aquaculture Authority (CAA), 70 per cent of the farmers are unregistered.
As per the Export Inspection Council notification, all those establishments procuring/processing aquaculture products have to obtain PHTC from MPEDA after due test of their produce prior to the harvest so as to establish that the stock procured by them are harvested from ponds which are free from the residues of harmful anti-biotics like Nitrofuran metabiolities and chloramphenicol.
Farmers say, they are going slow on stocking due to the huge loss suffered by them after imposition of restriction by
The restriction has resulted in under realisation of prices, said Manoranjan Panda, Vice President, Odisha Shrimp Farmers Association.
Expressing concern on the issue, G Mohanty, President, Sea Food Exporter Association of India (SEAI) - Odisha region said we are keeping our fingers crossed on the likely impacts on the exports.
Japan had imposed compulsory testing for Ethoxyquin in the shrimp consignments received from India on the basis of default standard of 0.01 parts per million (ppm). Upon the request of SEAI, the Union Ministry of Commerce had sent a three member delegation to
(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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