Japanese custom holds that eating the nutritious fish in the dog days of summer can help people weather the intense heat, and July 27 was chosen as a special day to publicize it.
Japan relies on imports for 70 to 80 percent of the eels it consumes. Of the 73,800 tons of domestically consumed eels in 2010, 53,100 tons were imported, mainly from China and Taiwan, according to the Fisheries Agency. Japan has also started importing eels from France, Indonesia, Ireland, South Korea, Spain, Thailand, the U.S. and Vietnam.
While eels from the Southern Hemisphere account for a small fraction of Japan's total imports, the prices are reasonable and could prove to be a boon for Japanese consumers.
"I've found that eels are raised in Africa through some research," said an official with a trading house in Hamamatsu, Shizuoka Prefecture, a city known for its eel-farming industry.
In late June the company imported a sample shipment of about 150 kg of farmed eels from Madagascar, which raises the fish for European consumers.
The firm, which deals mainly in machine parts, decided to buy the eels at the request of local food processors who have been badly hurt by soaring prices.
Madagascar eels differ from the kind commonly eaten in Japan but have received good reviews from Japanese dealers who say they taste like domestically grown eels after being grilled.
The trading firm plans to import about a ton of Madagascar eels a week starting in late August. The price will likely be about 40 percent lower than that of Japanese eels.
Ebisen, a Hamamatsu-based seafood wholesaler, has been buying naturally grown eels from Tasmania for the past several years as eels from other areas have become more expensive.
"Meaty eels (from Tasmania) taste good whether they're grilled or fried," said the company's director, Naoya Kamo.
While the prices of young Chinese and Taiwanese eels have been on the rise in recent years due to poor catches, Takashi Moriyama, chief of the Japanese eel import cooperative, said it is still questionable whether eels from more distant countries suit the Japanese palate.
"Since only small amounts of them are sold in Japan, (their low prices) have yet to provide a welcome relief (for consumers)," Moriyama said. "But it's a good thing they can be offered to consumers at low prices."
(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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