According to many experts and businesses, thanks to the southern provinces and cities to adapt to the Covid-19 epidemic in the new situation, the supply chain is connected smoothly, so Vietnam's shrimp exports gradually recovered from October 2021.
In addition, the fourth quarter is the time when the import demand of European countries, the US ... is always high to meet consumption at the end of the year. Besides, the shrimp industry is also supported by the increasing market price of shrimp. Raw shrimp prices in most major producing countries such as India and Indonesia tend to increase due to shortages.
The increase in the price of raw shrimp along with the gradual recovery of exports has opened up a bright future for the shrimp industry in the last months of the year. This is also the motivation for shrimp farmers and seafood exporters to overcome the most difficult period of the shrimp industry ever due to the impact of the Covid-19 epidemic.
The price of raw shrimp in the Mekong Delta is recovering and increasing gradually in the past few weeks, which has partly relieved the risk pressure on farming households. Currently, the purchase price at ponds for white-leg shrimp of 100 pcs/kg is 90,000 VND, 40-60 shrimp/kg is from 120,000-140,000 VND, 30 pcs/kg is 160,000 VND, 25 pcs/kg is 180,000 VND. , 20 pcs/kg: 240,000 VND. Black tiger shrimp 20 pcs/kg are bought by traders for about 250,000 VND, 30 pcs/kg are from 180,000-190,000 VND. With such a purchase price, shrimp farmers are still profitable even though the prices of feed and aquatic drugs are still high.
(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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