Processed catch volumes fell from 7.4 million metric tons in the first six months of 2011 to 5.1 million metric tons in the same period in 2012.
In Peru, total catches by July were 2.99 million metric tons compared with 4.74 million metric tons tons last year, a decline of 37 percent.
Most of the catches take place in the Northern and Central zones, with 2.5 million metric tons of the 2.7 million metric tons quota landed through July. The new quota for August-December is 307,000 metric tons.
In Chile, catches, mostly anchovies, in the Northern zone by July were at 489,000 metric tons, down from 935,000 metric tons last year. Southern zone catches reached 979,000 metric tons, down from 1.1 million metric tons last year.
Increased interest from Chinese buyers lifted Peruvian shipments during the first three months of the year. China's purchases of fishmeal from South America in the first quarter of 2012 were up by 102 percent, compared with the same quarter in 2011.
Germany, the principal fishmeal import market in Europe, showed strong growth during the first quarter, with shipments from Peru in particular up by 150 percent.
Most buyers were keen to secure supplies in a period of increasing uncertainty of supplies for the period of 2012 to 2013, leading to price rises.
Falling fishmeal and fishoil production
First quarter fishmeal production was up on 2011 by 21 percent. Production jumped in Iceland from 49,000 to 115,000 metric tons due to higher landings.
However, as the season progressed, volumes fell. As a result, meal production volumes fell to 1.1 million metric tons in the first six months of 2012, down from 1.1 million metric tons during the same period last year.
Despite some increased output during the first quarter, International Fishmeal and Fish Oil Organisation (IFFO) members reported a 25 percent decline in fish oil production in the first half of the year, from 700,000 metric tons in 2011 to 528,000 metric tons in 2012.
Quotations on alternative meal sources such as soybean and rapeseed have also risen to unprecedented levels.
(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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