Farmers in Mekong Delta did not continue to raise pangasius, causing the dramatic fall in harvested pangasius volume and the raw materials price is too high. This year, South Vina does not try to raise its export value. In this difficult situation, the company needs to concentrate on short-term contracts to preserve capital and ensuring livelihoods for its workers, Mr Thang added.
In first two months of 2011, South Vina exported 1,000 finished products per month. In March 2011, its pangasius exports were only over 700 MT, valued US$1.9 million.
It was difficult to reach the 2011 profit target while bank loan rate was sharply higher, all input costs were increasing day-by-day, but there was still no rise in pangasius export prices, South Vina shared.
Though South Vina predicted the lack of raw pangasius in 2011 and invested in raising pangasius in its own farms, the production failed to satisfy 100 percent of plant capacity.
However, at present, South Vina has no plan to widen more pangasius farms. In fact, the pangasius mass in 2008 led South Vina and other companies to seriously consider its raw pangasius supply.
SOUTH VINA
Mr Tran Van Quang - Director
Add: Lot 2.14 Tra Noc II Industrial Zone, Phuoc Thoi Ward, O Mon District, Can Tho City, Can Tho province
Tel: (+84) 071 211588
Fax: (+84) 071 844454
E-mail: southvinafish@vnn.vn
Website: http://www.southvina.com
ĐNH
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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.
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(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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