Shipments to the US in April-November 2013 in rupee terms jumped 91 per cent to INR 53,923 million (USD 869.9 million), while the comparative number for South-East Asia was INR 48,877 million (USD 788.5 million).
“There has been a shortage of seafood in the world exports market, and the US, quick to return to its level of consumption, has increased imports of India’s value-added products,” said Leena Nair, Chairpeson of MPEDA, The Hindu reported.
Nair pointed out that frozen shrimp was the major item exported in terms of quantity and value during April-November 2013 fetching USD 2,110.70 million. It was followed by frozen squid, frozen cuttlefish, dried items, chilled items and others.
The Indian government plans to continue with its freight assistance scheme in order to encourage the Indian industry to go for value added products.
MPEDA’s chairperson recognised that the threat of a countervailing duty last year on Indian shrimp imports by the US government had little impact on exports.
She also said that India seeks to achieve a negotiated agreement on quality standards for fish exports to Canada, to soften the rigid standards of that country.
Speaking about the Japanese norms, Nair pointed out that Japanese authorities have now slightly revised the norms relating to antioxidant ethoxyquin (a food preservative and pesticide) in seafood, which would be beneficial for the Indian industry.
In July 2012, it was ruled that shrimp imports should not contain ethoxoquin above 0.01 parts per million. The limit has now been increased to 0.2 ppm, but the revision is expected to come into effect only by February 2014.
MPEDA estimates that exports of marine products will reach a value of USD 4.3 billion (INR 267.5 billion) in fiscal year 2013-14 (April 2013-March 2014), an increase of 23 per cent compared to the previous year.
This increase would be achieved despite the stringent requirements of the major markets, driven largely by the growth of new markets and sales of value added products.
Three years ago, value products accounted for 5 per cent of fishery product exports, while now they represent 17 per cent. The goal is to raise this number to 30 per cent in three years, and to 50 per cent in five years, revealed Abraham J Tharakan, president of the Association of Seafood Exporters India (SEAI).
(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
Tel: (+84 24) 3.7715055 – (ext.203); email: kimthu@vasep.com.vn
Trụ sở: Số 7 đường Nguyễn Quý Cảnh, Phường An Phú, Quận 2, Tp.Hồ Chí Minh
Tel: (+84) 28.628.10430 - Fax: (+84) 28.628.10437 - Email: vasephcm@vasep.com.vn
VPĐD: số 10, Nguyễn Công Hoan, Ngọc Khánh, Ba Đình, Hà Nội
Tel: (+84 24) 3.7715055 - Fax: (+84 24) 37715084 - Email: vasephn@vasep.com.vn