<div style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">ANFACO managers argue that these 30,000 tonnes represent "only half" of the raw material the industry requires to continue operating properly.</span></div> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">This was said by Juan Manuel Vieites, secretary general of ANFACO after meeting with Secretary General of Fisheries, Carlos Dominguez.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">This week, the industry claimed the purchase of 30,000 tonnes of fee free tuna for the period between 2013 and 2015, a demand that does not satisfy ship-owners. Currently 15,000 tonnes are imported with a tax of 6 per cent.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">Vieites argues that the fishing fleet will "maintain its monopoly" over the processing industry, while the canneries "have sought a consensus position" in demanding the entry of only 30,000 of the 60,000 tonnes needed, EFE agency informed.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">"These are real needs that we have extensively discussed and we believe we have taken a very balanced position to avoid distortions and problems to a fleet that also sells to our competitors", Vieites explained.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">During the meeting, the ANFACO secretary general spoke to Dominguez about the evolution of the sector in 2011 and its outlook for 2012, and on the liberalization of markets in the World Trade Organization (WTO) and the reform of the Common Fisheries Policy (PPC).</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">Both officials also discussed the status of the agreements signed between the EU and third countries such as Papua New Guinea, which was "very damaging" to the Spanish sector.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">Vieites said that Dominguez "perfectly understood" ANFACO arguments, emphasizing that they are based on actual figures and the position of the entity to maintain "the 12,000 direct jobs generated by this sector in Galicia", La Opinion reported.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "><span style="font-family: Arial; font-size: 10pt">"While we understand that each of us defends his own business and we are very happy of the good results achieved by the fleet, which only generates 300 direct jobs in Spain, it seems inappropriate that it may seeks to supply us with raw materials exclusively, when they can sell and in fact sell their catches where they want, even to our competitors and when their tuna loins discharges in Galicia are down ", perhaps for that reason, he added.</span></p> <p style="line-height: 15pt; margin-top: 6pt; margin-right: 0cm; margin-bottom: 0pt; margin-left: 0cm; text-align: justify; "> </p>
(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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