According to the Association of Shrimp Breeders from
It is estimated that during 2013 the area will produce about 14,000 tonnes of shrimp, Tribuna do Norte reported. The Association data indicate that the state exported 95 per cent of all the shrimp produced, but in 2012 all local production was sold on the domestic market.
The president of the Brazilian Association of Shrimp Breeders (ABCC), Itamar Rocha, explained that the current conditions are more favorable to exports: the dollar rose again and the world shrimp supply fell.
The decline in shrimp production in
Sérgio Lima, CEO of Potiporã Aquicultura (a company belonging to Queiroz Galvão Group) expects a leap in production.
"In 2012, we produced 3,000 tonnes. This year, we must produce about 6,500 tonnes. The idea is to further increase the volume in the next 12 months, exceeding 7,000 tonnes," stated the executive.
"We have already received orders from
This year, the company expects to export about 90 tonnes of shrimp, and a good part of the shipment would go to
"We are taking this opportunity. We had not planned that," the entrepreneur continued explaining.
Other firms from
In this regard, Orígenes Monte, director of the firm and president of the Associations of Shrimp Breeders from Rio Grande do Norte and advisor to the Brazilian Association said BRL 1 million (USD 416,000) is being invested in the construction of more nurseries to hold the shrimp larvae.
The entrepreneur expects to increase its production, which had initially been designed at 420 tonnes annually, by nearly 50 per cent,
"All what has been produced this month was purchased by the southern and the southeastern states. Exports will begin in September," he revealed.
The coordinator of Commerce and Services of Rio Grande, Otomar Lopes Cardoso, estimates about 2,000 direct jobs will be created thanks to the revival of exports of shrimp, Globo.com reported.
(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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