According to the official, from 2007 to date, tuna catches have stabilized at about 4.2 million tonnes per year. At the same time, there is "stagnation" in the value of canned food as a result of the drop in sales in the domestic market. Vieites anticipates that tuna "will belong to the aristocracy" soon, as the catches are "very scarce."
It will be considered a luxury due to the shortage and to the increase in demand of the canned presentation, since it is a versatile product in different recipes and offers a high nutritional value, reported EFE agency.
Anfaco Secretary criticizes the fact that the European Commission (EC) uses a "double measuring tool:" the local sector is required to meet of quality and safety standards, corporate social responsibility and environmental commitment, of which foreign firms are exempted.
In this regard, he stressed that the Pacific partnership agreement relaxes the rules so that companies from 10 nations in that area can enter, free from tariffs, the EU market.
He points out that the products of these countries enter the European Union (EU) without checking whether they are sustainable, if they affect the environment or if they are the result of illegal fishing. The EC "should not be a cooperation agency for the development of third countries," said Vieites.
Anfaco also disagrees about the labelling of European fisherires resources to be extended to producers from third countries.
Another of his claims is that large companies that "energize the sector" will receive the aid from the European Maritime Fund and for 2014-2020 Fisheries when there is "surplus."
After warning about the "negative impact" on domestic consumption the VAT will cause, Vieites noted that the processing sector is "softening" the impact of the crisis through diversification of its markets and of raw material sources.
(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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