Tuna is a most sought-after fish species in overseas market and Japan is the largest importer of tuna in Sashimi form (which is of highest quality, normally consumed raw).
Oceanic tunas are among the resources that offer immense scope for the development in the Indian EEZ as India has an estimated potential resources of 2,78,000 tonnes of tuna.
The tuna fishery in Indian Ocean is fully developed, with several coastal countries as well as distant water fishing nations participating in the fishery.
However, till recently there was no organised fishing for tuna along the Indian coast except pole and line fishery for skipjack in Lakshadweep Islands.
In the Indian Ocean, tuna is caught by the small and medium size vessels which are mainly Gillnetters, Purseiners, Pole & line, Hookline and Monofilament long-liners.
However, fish caught by long line fetches higher prices in the international market as the product quality will be superior compared with other methods of tuna fishing.
Considering the economic potential of the tuna resources, MPEDA along with FAO, Rome and INFOFISH, Malaysia has launched a project aimed to improve the harvesting and handling of tuna for producing value added products ensuring better price and better economic improvement.
MPEDA has organised a series of workshops in Andhra Pradesh and Tamil Nadu. The last among the workshops was held in Kochi which was inaugurated by Peter Ervin Kenmore, Country Representative, FAO, India on Thursday.
The event was presided over by Leena Nair, Chairman, MPEDA. Various dignitaries from fisheries institutes, representatives of seafood exporters, technologists from seafood processing units were present on the occasion.
About 75 processing and quality control technologists representing more than 50 seafood processing plant and about 60 fishermen will attend the workshop.
It is envisaged that the workshop will give specific and focused encouragement on tuna handing and processing of various value added products from tuna and their export marketing in various destinations.
(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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