In the first half of 2020, the prolonged saline intrusion caused the production efficiency to decrease, but in the second half of 2020 the disease situation is under control, the recovery of import markets as well as the efforts of businesses and farmers, so pangasius output and export turnover have had positive changes.
In 2020, the production of seed pangasius in the Mekong Delta regions was stable. The whole Mekong Delta region has about 120 pangasius seed producers (which keep pangasius bloodstock), nearly 4,000 ha are hatching pangasius; produced about 2 billion pangasius breeds (equivalent to 2019); and replaced 60,000 breeding bloodstock, so the quality of pangasius seed has been gradually improved.
In 2020, the price of raw pangasius in the Mekong Delta fell to a low level because Covid-19 affected export activities. From 26,500 VND/kg (the highest level in 2019 in March 2019, the price of raw fish has dropped to 18,500 - 18,800 VND/kg (in June 2020) and continued to fall to 18,000 VND / kg. (in July 2020).
By October 2020, the market recovered, exports to some markets were more positive, the price of raw pangasius began to increase to 19,500 VND/kg and to 21,000 - 21,500 VND/kg (in December 2020). This level is equivalent to the same period in 2019 and has been stable so far.
The FOB export price of frozen pangasius pangasius in 2020 were lower than those in 2019. From March to August 2020, the average export price was approximately 2 USD/kg compared to the level of 2.38 - 2.75 USD/kg in the same period of previous year. However, in October 2020, the export price increased to 2.35 USD/kg, higher than the same period in 2019.
In 2021, if Covid-19 is well controlled in the world and the demand on the market recovers, then Vietnam's pangasius farming output will reach about 1.65 million tons, an increase of 8% compared to 2020.
(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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