Though there are large landings of pink perch and cuttle fish and a little quantity of ribbon fish coming in, most of it is exported and also there is no huge domestic demand for those fish.
The demand here is for high value fish like seer, pomfret, tiger prawns and low value fish like mackerel and sardines, which have not come in large quantities after fishing season started.
Fisheries deputy director Suresh Kumar Ullal says that Purse Sieners which bring high value fish including mackerel and sardines will start their operations from September 1. The major reason is - non availability of fishermen as they have been on the 'nada donis' fishing near harbour area and secondly the silt problem at the bar mouth."The bar mouth is silted due to south west monsoon. When south wind changes the silt problem gets cleared which will happen in September,'' he said.
Also, he noted that deep sea fishing vessels have not returned to Old Port due to the prevailing bad weather since the past three days.
Pink perch arrived in large quantities on Monday with 25 deep sea boats getting 10 tons of catch each. Even the cuttle fish catch was on an average one ton per boat. Also, lizard fish and ribbon fish have also landed on Monday.
While deep sea vessels fish in waters beyond 40 nautical miles from shore, purse sieners fish within 10-15 nautical miles, where high value fish is available in plenty.
In the market, small pomfrets weighing about 100 grams each cost Rs 400- 450 per kilogram; while those weighing 200 grams per piece cost above Rs 550 per kilogram. The mackerel rates have shot up from Rs 130 per kilogram seen last week to Rs 160 to Rs 175 per kilogram.
(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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