The Japanese and the Russian governments will conclude a bilateral agreement on the prevention of crab poaching in the Russian waters in the Sea of Okhotsk, including the areas around the four disputed northern islands for which Japan claims its territorial rights, it was learned on August 25. The pact is aimed at holding in check the declining trend of crab stocks by overexploitation.
The agreement, due to be formally signed at the Japan-Russia summit meeting scheduled for next month in Vladivostok next month, purports that Moscow will issue certificates on fishing areas and quantities in exporting crab to Japan, while the Japanese government will authorize traders to import the crab after confirming the legitimacy of the crab at its customs office in a bid to prevent distribution of poached crab in the Japanese market.
The two governments are now working on finalizing the agreement including prevention of falsification of the certificates, using for reference the case of the imports of tuna – a species for which there is concern about possible depletion.
According to the Japanese competent offices, including the Foreign Ministry and the Fisheries Agency, the Russian government establishes the catch quota for crab in the Russian Far East area from the Kamchatka Peninsula to the area around Sakhalin--about 46,000 tons 2012--and permits the catch by the duly authorized fishing vessels. In spite of this regulation, however, illegal catch of crab has not been halted.
In 2011, Japan imported 32,731 tons of king crab and snow crab from Russia, but in reality there has been no way to identify whether or not the crab was caught illegally.
A Hokkaido seafood trader points out that the crab actually imported to Japan could amount to about twice or three times larger than legitimate volumes.
Russian crab account for about 40% of overall crab distributed in Japan, and market participants believe that the new agreement might most likely affect the supply and prices of crab in Japan.
At their Foreign Ministers' meeting later in July, the two countries agreed on improving the environment over the bilateral talks on the territorial issue by accumulating cooperation in the areas of national security and economy. Informed sources note that the crab agreement came fully in line with this move.
(seafood.vasep.com.vn) According to a report by the General Statistics Office, the estimated pangasius output for January 2025 reached 102.5 thousand tons, representing a 6.0% increase compared to the corresponding period of the preceding year. This surge is attributed to the rise in pangasius material prices within the Mekong Delta, which has incentivized aquaculture farmers to expand their stocking activities. Concurrently, this price increase has facilitated processing enterprises to intensify procurement efforts to meet export demands during the early part of the year.
(seafood.vasep.com.vn) Between 2015 and 2024, Vietnamese pangasius exporting enterprises have undergone notable transformations in rankings and experienced fluctuations in developmental strategies, competitive intensity, and business efficacy. This dynamic is clearly illustrated through shifts in export turnover and the proportional contribution to the national pangasius export volume among the Top 5 enterprises.
(seafood.vasep.com.vn) The outlook for Vietnam’s seafood exports remains positive, with a strong focus on maintaining growth in key markets like China and the U.S., while diversifying into new regions. As global trade policies continue to evolve, adaptability and strategic planning will be key to navigating the challenges ahead.
(seafood.vasep.com.vn) Thanks to improved pangasius prices and higher production, Vĩnh Hoàn's after-tax profit in Q4 2024 reached VND 440 billion, a 4.8-fold increase compared to the same period last year.
(seafood.vasep.com.vn) According to data from Vietnam’s Customs, in Q4 2024, Vietnam’s pangasius exports to China & Hong Kong reached USD 163 million, a 17% increase compared to the same period in 2023, with consistent growth across all months. The total value of pangasius exports to China & Hong Kong for 2024 reached USD 581 million, a 1% increase over the previous year.
Vietnam’s seafood exports are projected to maintain strong growth this year, potentially reaching 11 billion USD.
(seafood.vasep.com.vn) In the final quarter of 2024, Vietnam’s surimi and fish cake exports showed consistent growth over the last three months. For the entire year 2024, exports of these products reached USD 298 million, down 2% compared to 2023. However, the final quarter saw more promising signs for the surimi and fish cake export sector, with some markets experiencing notable growth, such as Thailand, China, and Taiwan. Particularly, exports to Taiwan, which had seen continuous declines in the previous two quarters, surged by 301% in this quarter.
(seafood.vasep.com.vn) Another year of pride for Vietnam's pangasius exports has concluded, reaching over USD 2 billion and contributing 20% to Vietnam's total seafood export turnover.
Vietnam maintained its position as the fifth-largest seafood exporter to Singapore for 12 consecutive months, surpassing Japan for the first time in 2024, amid the intensifying competition in this market.
(seafood.vasep.com.vn) Despite facing numerous challenges in the second half of the year, Vietnam's canned tuna exports concluded 2024 with a 17% increase compared to 2023, reaching USD 299 million. To maintain this growth momentum in 2025, the canned tuna production and export sector requires coordinated efforts from all stakeholders.
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