Through October, shrimp exports reached US$2.5 billion this year , up 33 per cent against last year, accounting for 44 per cent of the country's total seafood exports.
The country's shrimp cultivation area has reached 666,000ha, with total output of 548,000 tonnes this year, up 12.3 per cent against last year.
Of the output, white-legged shrimp accounted for 280,000 tonnes and black tiger shrimp, 268,000 tonnes.
For the first time, this year white-legged shrimp exports exceeded black tiger shrimp exports.
In export markets, the US has also surpassed Japan in importing Viet Nam's shrimp, becoming Viet Nam's largest shrimp importer this year, according to the directorate.
With the supply of white-legged shrimp from other major exporters like India and Thailand decreasing this year because of poor harvests, the world's demand for Vietnamese shrimp has risen.
Nguyen Huy Dien, deputy head of the directorate, said that with the world shrimp supply declining, the Ministry of Agriculture and Rural Development and local authorities have told farmers to increase the volume of white-legged shrimp this year.
Domestic exporters also raised the export of white-legged shrimp when the world supply dropped.
This year, the country has also been able to control disease outbreaks among shrimp, he said.
Although the breeding of white-legged shrimp has grown this year, the directorate has warned farmers to maintain cultivation areas of black tiger shrimp for 2014.
White-legged shrimp cultivation is expected to rise 20 per cent next year as output from large shrimp exporting countries recovers, Dien said.
Shrimp cultivation under good agriculture practises (GAP) will be applied more strictly next year as well.
The management of shrimp fry and breeder shrimps, especially imported ones, will be improved to ensure the prevention and control of disease outbreaks, he said.
The country has 2,300 farms that produce a total of 68.4 billion of black tiger shrimp fry and white-legged shrimp fry a year.
(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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