“The industry doesn’t have any U.S. government safety-net programs,” said Butch Wilson, president of Catfish Farmers of America based in Mississippi. “We’re hoping to get some sort of insurance program for catfish—maybe something like the crop insurance programs—in the new Farm Bill. It might be based on past revenues but the details haven’t been worked out yet.” And he doubts much will happen with the Farm Bill before the presidential election in November.
Total catfish feed delivered in the United States during May 2012 was 63,573 tons, up 27 percent from May 2011, and up 72 percent from the previous month.
Foodsize catfish feed delivered totaled 60,871 tons, up 27 percent from the corresponding month a year ago. Feed delivered for fingerlings and broodfish totaled 2,702 tons, up 24 percent from the corresponding month a year ago.
May feed delivered to Mississippi catfish growers for foodsize fish totaled 29,818 tons, up 39 percent from last year. Mississippi accounted for 49 percent of the total foodsize catfish feed delivered to United States farmers.
The other major States with catfish feed deliveries for foodsize fish in May and their comparison to the previous year were Alabama with 20,613, up 13 percent; Arkansas with 5,417 tons, up 38 percent; and Louisiana with 459 tons, down 7 percent.
(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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