Whiteleg shrimp are now selling for VND150,000 (US$9) per kilo. With an average output of 10-13 tonnes per ha, breeders can earn VND120-150 million ($7,500-$9,375) per ha, according to Dinh Vu Hai, technical manager of Hai Nguyen Co.
The total profits could increase by 120 per cent in one year, profits that would be equal to four times that of black tiger shrimp. One advantage of raising whiteleg shrimp is the short breeding time, about 70-80 days, which allows for three seasons.
The Ca Mau Seafood Department said about 31 families in Dam Doi District were applying for permission to expand their whiteleg shrimp-breeding.
Since the beginning of this year, the Ministry of Agriculture and Rural Development (MARD) has allowed coastal provinces to breed whiteleg shrimp in a series of pilot projects in a bid to diversify seafood sources and compete with China and Thailand, whose whiteleg shrimp has won export markets this year. MARD minister Cao Duc Phat says the ministry's policy is to encourage the raising of whiteleg shrimp, but strictly control zoning areas, environmental preservation and quality of seafood.
Bac Lieu Province plans to develop 11,000ha of whiteleg shrimp to 2010, requiring up to VND6 trillion ($357 million) for investment in quality breeders, irrigation and breeding techniques, according to the provincial Department of Agriculture and Rural Development.
According to the Economy and Aquaculture Planning Institute, whiteleg shrimps originated from South America and require different breeding techniques and higher investment.
(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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