BAS data show that production of yellowfin tuna reached 32,348 metric tons valued at P1.4 billion.
Yield from commercial fisheries, which accounted for two-thirds of the period’s haul, went up by 38 percent to 21,610 MT.
Also, municipal fishers, who accounted for the rest of yellowfin tuna production, increased their harvest by 5.7 percent to 10,746 MT.
The BAS attributed the increase in production to “more unloadings…by foreign fishing vessels for canneries in
Also, the BAS noted that the weather was good in the first three months, which allowed more fishing trips.
The SOCCSKSARGEN region accounted for the bulk of shipments, which were mostly unloaded at the Philippine Fisheries Development Authority facility and in privately managed landing centers in
“Heavy unloadings of yellowfin tuna were also observed in Quezon and Sulu,” the BAS said.
The Western and Central Pacific Fisheries Commission (WCPFC) imposed in January 2010 a ban on tuna fishing in the “High Sea Pockets” in the
The
Last year, the WCPFC approved a Philippine request to fish in the so-called “Pocket 1” of the Pacific, a 590,000 square-kilometer area east of southern
BAS data also show that, for the same reasons, there was a 34-percent surge in the production volume of skipjack—another tuna species—which reached 56,260 MT in the first quarter.
(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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