The department said that more than 4,600 ha of land used to grow rice and raise shrimp have yielded a bumper crop this year, with 4.5 tonnes of rice per hectare and 500 kg of shrimp per hectare.
On average, each household earned a profit of at least VND100 million (US$4,784).
An additional 6,000ha of rice-shrimp farming land is expected to be harvested soon, resulting in a doubling of agricultural productivity compared to the corresponding period last year.
Local agricultural experts have been conducting research on how to best combine rice cultivation and shrimp breeding on the same land.
According to experts, farmers can raise shrimp on their rice fields during rice cultivation if the water in the fields is either brackish or freshwater.
Land used to grow rice is less polluted, and thus good for raising shrimp. In addition, shrimp raised on the rice fields are less likely to catch diseases.
Because of the doubling of profits for farmers via the rice-shrimp model, the local authorities have decided to expand the project from 12,000ha to 20,000ha by 2015.
Nguyen Quoc Viet of the Ca Mau Province's Department of Science and Technology said that, of the 270,000ha of land available in the province to raise shrimp, not all of it could be used for that purpose.
Only 40,000ha of that total figure has fresh or brackish waters, which is needed to raise shrimp. Salty-water areas cannot be used.
For this reason, farmers should talk to local experts and the authorities before they begin breeding shrimp, Viet said.
(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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