The report also highlights that fisheries and aquaculture are also a source of income for 55 million people.
"Fisheries and aquaculture play a vital role in the global, national and rural economy," stated FAO Director-General José Graziano da Silva.
"The livelihoods of 12 percent of the world's population depend directly or indirectly on them. Fisheries and aquaculture give an important contribution to food security and nutrition. They are the primary source of protein for 17 percent of the world's population and nearly a quarter in the case of low-income food-deficit countries," he added
Árni M. Mathiesen, head of FAO's Fisheries and Aquaculture Department, said: “Fisheries and aquaculture are making a vital contribution to global food security and economic growth. However, the sector faces an array of problems, including poor governance, weak fisheries management regimes, conflicts over the use of natural resources and the persistent use of poor fishery and aquaculture practices.”
In FAO’s report governments are urged to make every effort to ensure sustainable fisheries around the world.
According to the latest statistics available, almost 30 percent of these fish stocks are overexploited, about 57 percent are fully exploited – that is to say, at or very close to their maximum sustainable production --, and only about 13 percent are non-fully exploited.
The report by the Organization adds: "Overexploitation not only causes negative ecological consequences, but it also reduces fish production, which leads to negative social and economic consequences."
To this end, the significance of launching “effective management plans to rebuild overexploited stocks" is highlighted.
As to the worldwide fishing production, capture fisheries and aquaculture supplied the world with about 148 million tonnes of fish in 2010 valued at USD 217.5 billion.
Production growth from aquaculture keeps outpacing population growth, and it is one of the fastest-growing animal food-producing sectors - trends that are set to continue.
The report notes that the coming decades are likely to see major changes in economies, markets, resources and social conduct.
For instance, it points out that climate change impacts will increase uncertainty in many food sectors, including fisheries.
It stresses the importance of the FAO Code of Conduct for Responsible Fisheries, and its associated international plans of action and technical guidelines to achieving the goal of a global sustainable food production system.
For FAO, the primary threats undermining the food and nutrition security potential of fisheries and aquaculture result principally from ineffective management coupled with poor conservation of habitats.
A transition towards people-centred approaches is required to enhance the sector's contribution to food and livelihoods security. As underlined at the recent UN Conference on Sustainable Development.
The report The State of World Fisheries and Aquaculture 2012 was launched at the opening of the 30th session of the FAO Committee on Fisheries.
(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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