Fresh cod exports have soared the most, nearly doubling from the same time last year.
According to the Norwegian Seafood Council, Norway has sold 20,496 metric tons of fresh cod to the EU in the first nine weeks (Jan. 1 – March 2) of the year.
That’s up by 88%, or 9,953t, from 10,903t in the same period last year.
Despite this, the average export price has increased — from NOK 17.73 per kilo in the first nine weeks of last year, to NOK 18.55/kg this year.
Frozen exports have also surged, totaling 10,614t in the first nine weeks of the year — compared to 6,301t in the same period last year. That’s a 68%, or 6,301t increase.
Here again, the average export price was somewhat up, to NOK 15.44/kg compared to NOK 14.66/kg.
In total, therefore, fresh and frozen exports to the EU totaled 31,110t, an 80%, or 13,906t, increase from last year’s 17,204t.
The figures have been seized upon by the Danish fishing industry as itcalled for an EU ban on Norwegian fish imports as long as the EU fleets remain shut out of Norwegian waters.
“The EU has hundreds of millions of consumers, and not so much access to fish,” Nils Wichmann, CEO of the Danish fishermen’s association, told Undercurrent News on Monday.
“If Norway wants to stop us from fishing in their waters, as they have done since Jan. 1, then it’s obvious that the EU needs to play its card, that is the market card.”
After breaking off last Friday without agreement, the EU Norway bilateral talks resumed in Edinburgh, Scotland, on Monday morning.
According to sources, the talks broke after Norway insisted on including a one-year deal on mackerel in an agreement, as has been done in past years due to a lack of coastal state agreement on mackerel.
“Norway has had an orderly conduct in the negotiations, and representatives of both the groundfish and pelagic food industry in the EU have indicated to me that they fully understand Norway’s handling of the negotiations,” said Audun Marak, director of Norway’s fishing vessel owners’ association Fiskebat.
(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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