In the first 7 months of 2020, exports of other processed tuna from Vietnam to Japan tend to spike, while exports of fresh, live, frozen, and canned tuna have slumped. Due to the fact that the proportion of exports of processed and canned tuna products increasing from 62% in the first 7 months of 2019 to more than 77% in the same period in 2020. Notably, the export of other processed tuna products, especially frozen tuna loin products, HS code 16041490 continued to jump compared to the same period in 2019.
Compared to the same period in 2019, the average export price of processed tuna to Japan fell, while the price of frozen tuna meat/ fillets tended to increase.
There were nearly 21 businesses that exported tuna to Japan in the first 7 months of 2020.
The growing outbreak of Covid-19 epidemic in the Japanese market continued to affect the tuna industry. Japanese people are changing their tuna consumption habits, switching from eating at restaurant to eating at home. Although sushi restaurants have converted to take-out, sales have still declined.
Retail sales of sushi and sashimi to households for home consumption elevated sharply, but sales of tuna products to restaurants remained stagnant. Japanese fresh tuna market is declining. The price of premium fresh tuna for sashimi processing in Japan has decreased, in addition, the cancellation of the spring festival and the rescheduling of the 2020 Olympics to 2021 has caused the demand for tuna in the market decline.
It is expected that in the coming time, when the Covid epidemic is not under control, Vietnamese tuna export to Japan is unlikely to go up.
(seafood.vasep .com.vn) The return of Donald Trump to the White House for a second term will bring significant impacts on Vietnam, particularly its pangasius export sector. Trump's economic policies, such as raising import tariffs, reducing corporate income taxes, and attracting foreign direct investment (FDI) back to the US, are expected to directly influence various industries in Vietnam.
(seafood.vasep.com.vn) The UAE ranked 16th among importers of Vietnamese shrimp from 2018 to 2022, accounting for approximately 0.5% of Vietnam's total shrimp export value. Annually, Vietnam exported around US$20 million worth of shrimp to this market.
(seafood.vasep.com.vn) The company also announced that its farms are well-prepared and will begin stocking in mid-November when the weather conditions are favorable.
(seafood.vasep.com.vn) To maximize natural advantages and increase the value of local aquatic products, Ca Mau province is promoting the ecological shrimp farming model under mangrove forests. This model not only brings high profits to people thanks to businesses committing to purchasing products at prices 10-20% higher than the market price but also aims for sustainable development and environmental friendliness.
(seafood.vasep.com.vn) The Comprehensive Economic Partnership Agreement (CEPA) between Vietnam and the United Arab Emirates (UAE) was signed after just over a year of negotiations. With high demand for premium seafood in the UAE, particularly for shrimp and tuna products, Vietnam’s tuna industry is expected to gain increased export opportunities and higher product value thanks to the preferential terms of the CEPA.
(seafood.vasep.com.vn) In October 2024, seafood exports from Vietnam are estimated to exceed $1 billion, marking a 28% increase compared to the same period last year. This achievement signifies the first return to the $1 billion milestone in 27 months, since June 2022, providing a significant boost for Vietnamese seafood enterprises.
(seafood.vasep.com.vn) Under the theme "Dong Thap Pangasius: Green Journey - Green Value," the Dong Thap Pangasius Festival 2024 will take place over two days, November 16th and 17th, at Vo Nguyen Giap Square in Hong Ngu City.
(seafood.vasep.com.vn) The Department of Agriculture and Rural Development of Kien Giang has announced a plan to stabilize the biosafety rice-shrimp production area at 117,340 hectares by 2030.
(seafood.vasep.com.vn) According to the Department of Fisheries in Ca Mau, the total aquatic product output in the region is estimated at 536,140 tons as of October 17, achieving 82.23% of the annual plan and marking a 1.74% increase compared to the same period last year. Within this total, shrimp production stands at 208,495 tons, reaching 82.41% of the planned target and showing a 2.23% increase year-over-year.
(seafood.vasep.com.vn) According to data from Vietnam Customs, pangasius exports to Iraq have surged significantly in the first nine months of 2024, marking the highest levels seen in three years. This upward trend has positioned Iraq as a key market for Vietnamese pangasius, even surpassing Iran, traditionally regarded as a gateway for trade between Vietnam and the Middle East.
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