Ishaev says that his figures show that the recent positive development in the regional fishing sector is barely reflected in the growth in consumption. He observes that, in the last four years, Russia’s fish exports have gone up 20.7 per cent, and those of Pacific Russia by 42.9 per cent. If earlier those exports were characterised by pollock and crab, last year they were joined by salmon and herring.
Herring exports in 2011 were three times higher than in 2009 while, at the same time, domestic consumption of herring went down sharply. In 2009, average herring consumption was 4.7 kilograms, but in 2011 - 3.7 kilograms. Moreover, because full advantage was not taken of Pacific herring allowable catch quotas, it was replaced in domestic consumption with Atlantic herring.
Ishaev notes that domestic consumption of imported fish has risen sharply, adding that 22 per cent of domestic fish consumption is expensive imports, such as salmon, trout, tilapia, pangasius et al.
Ishaev sees existing legislation as encouraging exports. “In order to assure each citizen’s access to fish products, the government must regulate how much can be exported.
The minister proposes that fresh, frozen and chilled fish be included in the basket of products deemed basic to the requirements of Russia’s domestic market, and that, in exceptional circumstances, temporary bans of not more than six months be put in place on their export, and lifted once it is seen that the domestic market is satiated.
(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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