WorldFish has been working with partners on two breeding programs in Ghana and Egypt to develop the "Abbassa"and "Akosombo"strains of Nile tilapia, a variety of fish native to much of Africa.
Almost four million people are employed in the fish farming industry in Africa, and faster-growing, heavier fish have financial benefits for farmers who can produce more fish per year.
Through a selective breeding program in Egypt spanning over 10 years, WorldFish has developed the Abbassa strain that grows 28 percent faster and heavier than the most commonly used commercial strain in the country, the Kafr El Shaikh strain.
Similarly, in Ghana the Water Research Institute (WRI), in partnership with WorldFish, has developed the Akosombo strain, which grows three times faster than non-improved tilapia.
Producing heavier fish faster means a greater income for Nile Tilapia farmers, and is expected to have significant economic benefits for the aquaculture industry in Egypt and Ghana, according to WorldFish.
At the current pace, tilapia production in Ghana is projected to increase tenfold by 2015, said the WRI.
The Abbassa and Akosombo strains reach their harvest weight faster compared to non-improved strains, saving both time and money for farmers in terms of labor and fish feed costs.
The Akosombo strain is also benefiting the West African sub-region with surplus fish exported to La Côte d'Ivoire, and fingerlings sent to Burkina Faso and Nigeria for breeding.
The Abbassa selection line also has the potential to be disseminated outside of Egypt to other Mediterranean and West Asian countries with a similar climate.
(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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