In Guangxi, reports are that sales of seedlings are down 30% to 40%; in Guangdong they are down 20% to 30%, while in Hainan they are up 10% to 15%. Hainan is one of the most important producing areas for export.
In some ways weather factors disturbed tilapia production this year. There was warm winter weather and autumn seedlings grew well, so there was an adaquate supply in the winter. Then in the spring continuous rainy weather has had an impact on the breeding market investment and the progress of the seedlings.
Reports on sales are mixed from the seedling companies, but feed companies feel there will be declines.
Haid Group Kwong Wai Area fish feed marketing general manager Luo Lu estimated that the Guangdong Investment seedlings quantity decreased by about 20%.
The Qin Fu Industrial Co., Ltd. in Hainan, chairman Zhou Qin Fu says that in Guangdong compared to last year will be 20-30% of the decline. "Zhou Qin Fu.
Guangxi Nanning Baiyoung Feed Technology Co., Ltd. Sales Manager Wu Hai Tuo estimated a reduction in that province of 30-40%.
Hainan Eternal Technology Feed Co., Ltd. Sales Manager Bo Hainan tilapia says seedlings will increase in Hainan by 10-15%.
"Last year, the market is poor, and part of the empty ponds of fish farmers this year will be put into farming. Also some reservoirs in Hainan last year were in repairs and now this this year can increase the amount of farming." Bo said.
Zhou Xu, general manager of Hainan Yubie seed market also said that Hainan will have an increase of about 10%. Currently small size fish has a good price, a pond head price of 4.6 yuan / kg. Pan Yan Yuan estimated this will help farmers clear ponds in June, and then farmers will increase the amount of investment and seedlings. Most expect prices in Hainan tilapia will remain at 4.8 yuan / jin price with slight fluctuations, not ups and downs. But the international market for Chinese tilapia consumption is worrisome, and no significant improvement is still the the sword of Damocles hanging over the industry.
(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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