(pangasius-vietnam.com) Currently
Flood happened in the early September hurt pangasius farmers in the Mekong River Delta, especially in Dong Thap and An Giang province (two largest fish farming areas in the country). According to the statistics of Dong Thap Department of Agriculture and Rural Development, until 19th October 2011, loss of local fisheries industry caused by flood amounted to 1,886 MT of fish (worth VND37.5 billion) in the area of 616 hectares.
In An Giang province, 134 hectares of aquaculture area was damaged with lost value of VND11.7 billion in which pangasius farming area was hit the most because fish farmers have just stocked fish frying in many ponds and a remarkable number of hatcheries were also damaged. Besides, in the provinces of Can Tho, Vinh Long, Tien Giang, 20 MT of fish juveniles were lost in some farming ponds and hatcheries.
In recent weeks, the price of pangasius seed has continuously increased because of loss of pangasius seed in the flood, high demand for restocking from farmers.
Currently, in the Mekong River Delta, the price of pangasius seed rose compared to that of the late October in which fish frying (sized 2 centimeters) is priced at VND1,700-1,900 per piece, up VND100 per piece, fish frying (sized 3,000 pieces per kilogram) is priced at VND120 – 150 per piece, up VND10 per piece.
Heavy losses of pangasius farming ponds, fish seed as well as the recent shortage of raw fish, the amount of raw fish in 2012 is unlikely to meet the demand for processing and exporting because the farming ponds have just restocked and the fish seed is not enough for farming ponds in the upcoming time.
(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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