The call was made by Dr. Westly Rosario, chief of the government-owned National Integrated Fisheries Technology Development Center (NIFTDC) here, who said there are other high-value species of fish that can be raised in fishponds other than milkfish and tilapia for better profits.
One of them, he said, is seabass which sells at P250 and up per kilo, costlier than milkfish and tilapia.
Found adaptable in brackish waters of Dagupan and Pangasinan, this kind of fish already caught the fancy of many local fish farmers.
However, they are hesitant to raise this kind of fish as they do not know where to source out the fingerlings that they will stock in their fishponds.
Rosario said NIFTDC had been successful in breeding seabass and is now selling fingerlings at the nominal price of P5 per piece.
Although admitting that seabass is carnivorous, Rosario said there is a culture technique where the fish farmers need not feed his fish with the costlier trash fish anymore.
He said the fishpond can be stocked with native tilapia and in one month, this will already lay eggs, at which time the seabass fingerlings must now be released into the farm.
The eggs and offspring of the native tilapia will serve as food of the seabass till they grow to marketable sizes.
Shrimp, Rosario said is also with about the same marketing potential as seabass.
He added that raising shrimps of the vannamae specie, also called white shrimp, is more lucrative than growing tilapia.
Rosario said that there is now a technology where a fish farmer can harvest from six to 10 tons of vannamae even if the pond is just 2,500 square meter area.
Now that almost all shrimp exporting countries are affected by a deadly disease called Early Mortality Syndrome (EMS), it is about time the Philippines will be more serious in raising shrimp called vannamae and aim to go to export too.
At the same time, Rosario urged fish farmers to also embark on oyster and mussel farming as these mollusks are much in demand in the market.
(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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