The quota represents the 2011 tuna landings in Philippine waters and excludes imported frozen tuna from Papua New Guinea and Indonesia.
Total fish landings in General Santos City for 2011 stood at 112,890.82 tonnes, most of them consisting of tuna or tuna-like species. The figure includes the 85.94 tonnes of frozen tuna imported and those shipped from Manila for the city’s six canning factories, according to the General Santos City Fish Port Complex. Benjamin Tabios, BFAR assistant director, said most of the 162 purse seine tuna catchers will have to be decommissioned to keep the industry going, Asian Correspondent reports.
“(The assessment) is fairly correct that there must be a reduction of fishing fleet but there should also be proportionate reduction in gross catch,” Tabios stated, referring to an earlier statement by former Socsksargen Federation of Fishing and Allied Industries President Marfenio Tan, who thinks diminishing the purse seine tuna fleet from General Santos from 162 to 50 will help sustain the industry in light declining catches and rising production costs over the last three years.
Similarly, Tabios said the tuna food chain must be managed for tuna stocks to bounce back. The three-month ban on sardine fishing early in 2012 helped tuna catches from municipal waters improve as well, he noted, which makes sense because tuna feed on sardines (tamban or white sardinella).
BFAR is now proposing a 30 per cent catch cut in nine of the country’s 12 traditional fishing grounds. However, there are still frontier areas for the country’s tuna fishing, he said, mentioning the immense Pacific Ocean side of the Philippines, which has remained largely unexploited.
BFAR wants the country to take three major steps to manage its diminishing tuna catches: a reduction of fishing vessels, slashing the number of fishing days and adopting a closure season especially in known tuna spawning grounds.
Vince Cinches, Greenpeace Southeast Asia ocean campaigner, said several tuna fishing companies have been thinking about shifting from purse seine fishing to the more sustainable pole and line fishing to avoid stressing stocks further given dwindling supplies. He highlighted the importance of changing to pole and line to protect wild tuna.
The firms’ primary concern is the cost of switching from one method to another, PNA reports. Ibrahim Athif Shakoor, International Pole and Line Foundation secretary general, pointed out that pole and line fishing is cheaper than purse seine: a pole and line vessel only cost as much as USD 330,000 compared to a figure from USD 25 million to USD 30 million for a purse seine fleet. A pole and line vessel could fit up to 60 tonnes of fish.
(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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