The imposition of a ban on importing live shrimpis proving successful as exports ramp up and prices rise for the
“We are now exporting at least PHP 325 million (€5.6 million/$7.6 million) worth of vannamei monthly for the past three months,” Asis Perez,aquactic resources director at the country's Bureau of Fisheries and Aquatic Resources said in an interview with Philippine Daily Inquirer. “We expect shipments to be bigger in the coming months.”
Last April, BFAR suspended indefinitely the processing of applications for the importation of all live shrimps and crustaceans, in an effort move to prevent early mortality syndrome (EMS) and other shrimp diseases from entering and spreading in the
The bureau put up a watch list on inbound shipmentsfrom “heavily affected” areas such as
“The move proves to be correct since the
In August, Agriculture Secretary Proceso Alcala said his department was gearing up for a shrimp production blitz to enable the country to regain a firmer foothold in the export market within six months. Alcala said in an interview he had assigned the BFAR to draw up a roadmap on shrimp exportation.
“We need a crash program to increase production within the next six months up to a level that we could send shipments abroad,” Alcala said back then. The agriculture chief said the
He said he had met with industry stakeholders and that it was agreed that one of the priorities was supply integration. “This might be it, we may be able to rebound (with our shrimp industry),” Alcala said.
The
(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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