The figure in May 2016 estimated at US$275 thousand, up 39% compared to May 2015. The shipments to Australia accounted for 1.1% of Vietnam’s total cephalopod exports and the market ranked the 8th out of top cephalopod importers from Vietnam. Besides, the exports to this market posted the largest growth in top 10 leading cephalopod importers of Vietnam.
In QI/2016, imports of cephalopod into Australia reached US$24.52 million, up slightly from the same period in 2015 but decreased by 5% compared to QIV/2015. In which, the import volume in QI/2016 touched 5,808 MT, up over QI/2015 but down over QIV/2015. China stayed as the biggest supplier of cephalopod to this market, followed by Malaysia and Thailand.
Vietnam ranked the 6th in terms of cephalopod export volume to Australia. In QI/2016, the shipments from Vietnam to Australia hit 213 MT, up from 123 MT in QI/2015 but decreased compared to 286 MT in QIV/2015.
Australia tends to import cephalopod for domestic consumption rather than processing and then re-exporting. Therefore, cephalopod exports of this country are not high. In QI/2016, Australia exported 18 MT of cephalopod, worth US$55 thousand.
Since Jan 7th 2016, the new country of origin labeling system will be applied under the Australian Consumer Law (ACL). This law will be applied to food products retailed in Australia, including the products sold at stores or markets, online or at vending machines. This law will not be applied to food sold in some places such as restaurants, cafes, and take-away shops, schools or canteens.
However, companies will have 2 years to sell all the current products and change their labels to match new regulations before they become mandatory from Jan 7th 2018. Under this new system, most kinds of food produced, raised, grown or processed in Australia will be required to be labeled with: (1) the icon of kangaroo in a triangle so that consumers can easily and quickly identify food that originated in Australia, (2) a statement that the food is raised, grown, produced or processed in Australia; (3) The minimum rate of components originating from Australia in total weight, indicated by percent or column chart.
Regulations on labeling will vary upon the kinds of products and the countries of orgin that products are raised, grown, produced, processed or packaged. For most imported food (food is raised, grown, produced, processed or packaged in countries other than Australia), the countries of origin will have to be specified on the label in a clear box.
Currently, food products retailed in Australia are to comply with the requirements of the country of origin labeling under the Food Standards, managed by the Food Standards Australia New Zealand. The businesses have to continue to implement this law by Jan 1st 2018, unless they are chosen to apply these standards earlier.
Written by Ngoc Thuy
Compiled by Dieu Thuy
(seafood.vasep.com.vn) According to statistics from Vietnam Customs, Vietnam's crab export value in March 2024 reached more than 18 million USD, an increase of 66% over the same period last year. Cumulatively, in the first 3 months of the year, export turnover reached more than 52 million USD, up 75% over the same period.
Vietnam's pangasius exports to Brazil reached nearly USD 28 million in the first quarter of 2024, surging by 44% compared to the same period in 2023.
(vasep.com.vn) According to Vinh Long Statistics Department, the whole province currently has 2,119 hectares of aquaculture area, an increase of 1.03% (equivalent to an increase of 21.62 hectares) over the same period last year; Of which the industrial pangasius farming area is 370.8 hectares, an increase of 0.12% or an increase of 0.42 hectares.
(seafood.vasep.com.vn) 2023 was an unsuccessful year not only for Vietnamese but also for Thailand tuna exporters in the Middle East market. Thailand's tuna exports to this market decreased by 21% in value and 27% in volume compared to 2022. Therefore, the Middle East dropped to second position among Thailand's export markets after the US, accounting for 22% of total export turnover in 2023.
Competent ministries, sectors and localities should continue efforts to lift the European Commission’s “yellow card” against the Vietnamese seafood products for illegal, unreported and unregulated (IUU) fishing, as an inspection team of the commission will visit Vietnam soon, Minister of Agriculture and Rural Development Le Minh Hoan.
(seafood.vasep.com.vn) According to data from Vietnam Customs, in March 2024, Vietnamese pangasius export turnover to markets reached 156 million USD, down 14% over the same period. Vietnam pangasius export value in QI/2024 reached 411 million USD, down 3% compared to QI/2023.
(vasep.com.vn) According to data from the Department of Fisheries, as of March 20, 2024, the shrimp farming area reached about 348,670 hectares, including 334,799 hectares of black tiger prawn farming area and 13,871 hectares of white leg shrimp farming area.
(seafood.vasep.com.vn) Vietnam's tuna exports reached around $84 million in March 2024, a 17% rise. Vietnam's total tuna export revenue for the first three months of 2024 was $215 million, up 19% from the same time in 2023 but down 17% from 2022. It is anticipated that tuna exports may miss the billion-dollar mark as in 2022 at this rate and the difficulties the business faces.
Vietnam raked in over US$200 million from exporting tuna to 86 markets worldwide during the first quarter of the year, representing a rise of 19% against the same period from last year.
Vietnam’s pangasius export to the United Arab Emirates (UAE) reached more than 7 million USD in the first quarter of this year, a rise of 67% against the same period last year. UAE mainly imported frozen fillets from Vietnam.
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