Pakistan is still getting lower prices for its fishery products than neighbouring countries such as India. The boost in value can mainly be attributed to the weakening of the rupee against the dollar and export of the last bit of edible fish in Pakistan waters to cheap markets such as China, Taiwan, Korea, Vietnam, Thailand and some other countries of the Far East, along with some chunk being exported to the Egypt and Middle East.
It's a good news that somehow the MFD has persuaded EU to lift the ban of seafood exports from Pakistan, but it must be noted that allowing one or two processing units is not going to resolve the problem, just as a swallow doesn't make a spring. The entire fisheries and fishing sector needs immediate steps for revamping and renovation. Unless this is done, it is doubtful if it will be possible to establish traceability and cold-chain.
Unfortunately, a look at the harbour shows no signs of improvement in the artisan fleets design or the technology employed in the processing units. The fish is still stashed on the dirty fish harbour floors and sold and transported with little or no ice. Most of the seafood processing units do not have adequate facilities for making ice and the ones who do have, their equipment is usually out of order and is just there to comply with the formalities. Almost all the processing units are run by obsolete freezing and cold storing machinery and equipment, as well as poorly insulated stores where the finished product is let to deteriorate due to rapid fluctuations in storage temperature. It has been noted that products from most of the processing plants and exporters can hardly fulfil the right kind of product core temperature requirements of the leading shipping companies such as APL. Other shipping lines are lax on this issue and would even accept half-frozen products for shipment which must be regularly checked before every shipment.
The EU continues to be the largest market for Pakistani shrimps and some kinds of fish. But with the dwindling stocks of shrimps as well as fish, it is doubtful if the steps taken to resume exports to the EU will not be done at the cost of conservation of stocks and destruction of our fauna and flora. A reasonable balance ought to be kept between indiscriminate catching of all kinds of fish and their seasons and conservation if the welfare of the industry is desired, before it is wiped off and the last fish is done with.
(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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