Particularly disappointing was the failure to find solutions to resolve the downward spiral of already overfished bigeye tuna despite scientists asking for the fishing to be cut substantially. More and more bigeye tuna are being caught with no adequate action to reverse the decline. Precautionary conservation measures to protect yellowfin stocks, facing increasing fishing, were also put off.
Positive actions taken by the WCPFC to protect oceanic whitetip shark and cetaceans were overshadowed by inaction on whale sharks entangled by purse seine nets.
WWF expressed dismay at the rapid growth in longline fleets in the Western and Central Pacific that target southern albacore tuna. Catches of albacore have risen from 53000 metric tonnes to 71000 metric tonnes over the last ten years, placing at risk other vulnerable marine species like seabirds.
WWF was heartened that a joint WWF and other conservation organisation submission in the closing minutes of the meeting that the commission take urgent action on the conservation of albacore had drawn the support of Japan and Pacific island countries and territories.
“Progress towards sustainable management of tuna stocks has been frustratingly stalled and in some cases gone backwards”, said Daniel Suddaby, Tuna Manager of WWF’s global Smart Fishing Initiative. “By not implementing good fisheries management, the WCPFC is showing a worrying lack of precaution for the future of one of the world’s most important tuna fisheries.”
WWF strongly urges WCPFC Member States to take action to support the implementation of the precautionary approach to fisheries management, more in particular to:
• Adopt harvest control rules and reference points in line with international best practice for tuna stocks; • Strengthen regulations on bycatch species impacted by tuna fishing;
• Reduce fishing capacity in line with long term sustainable yields
"Short-term interests combined with a lack of political will are amongst the drivers of unsustainable tuna management. Despite the ground-swell of consumers and retailers demanding sustainable tuna, WCPFC’s failure to implement a precautionary approach to tuna management risks damaging the natural resources that these fisheries depend upon. ” said Mr Suddaby.
“Incentives to limit fishing effort in Pacific tuna fisheries must be given serious attention. A working fisheries management system that makes sustainable fishing a viable long-term economic activity in the Pacific and offers a choice for global tuna consumers is critical.”
(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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