Sao Ta Foods (FMC) Revenue in the first quarter of 2024 increased by 14%
09:16 04/09/2024

(seafood.vasep.com.vn) Vietnam shrimp exports in January 2024 reached 242 million USD, an increase of 71% over the same period in 2023. Except that in 2023, the Lunar New Year falls in January, if compared to the same period in 2023, shrimp export sales in January 2024 were still a positive signal to start shrimp exports in 2024. Raw shrimp prices in some localities also tended to increase in the first month of the year

(seafood.vasep.com.vn) Growmax Corporation will invest in a shrimp farming complex, feed mill, shrimp seed production, export... in Dong Hai district, Bac Lieu province.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) plans to continue to strengthen the development of the Japanese market, maintain existing markets, and focus on learning step by step to penetrate the Chinese market based on promoting your strengths in 2024.

Despite its availability in over 150 countries, Vietnam's shrimp industry is grappling with fierce competition from global counterparts, prompting the proactive application of technology and strategic planning as the sector is making endeavors to carve out its unique path forward.

(seafood.vasep.com.vn) By the end of 2023, Vietnam's shrimp exports reached 3.4 billion USD, down 21% compared to 2022. The decrease in export figures reflects a year of challenges for Vietnam's shrimp industry.

(seafood.vasep.com.vn) As of November 2023, Vietnamese shrimp exports to China and Hong Kong reached 569 million USD, down a proportion of 8% over the same period last year

(seafood.vasep.com.vn) Agro-forestry-fishery export turnover in 2023 is estimated to reach over 53 billion USD, of which shrimp exports are about 3.6 billion USD.

(seafood.vasep.com.vn)According to data from Vietnam Customs, pangasius exports in October 2023 to markets reached nearly 173 million USD, down 4% over the same period last year.

(seafood.vasep.com.vn) Sao Ta Food JSC (FMC), Vietnam's leading shrimp exporter, predicts that shrimp export will breakthrough in the fourth quarter of 2023. Shrimp consumption of this company in October 2023 increased by 11% over the same period.

(seafood.vasep.com.vn) According to data from Vietnam Customs, as of October 15, 2023, Vietnam's shrimp exports to Japan reached 388 million USD, down 28% over the same period last year.

(seafood.vasep.com.vn) In the first 9 months of 2023, Vietnam’s shrimp exports to China & Hong Kong reached 454 million USD, down 6%. In QIII/2023 alone, shrimp exports to this market reached more than 173 million USD, up 15% over the same period. In QI and QII, exports to this market decreased by 31% and 8% respectively compared to the same period last year.

(seafood.vasep.com.vn) In September 2023, Vietnam's shrimp exports reached US$322 million, down 8% over the same period last year. Although negative growth has not yet escaped, the decrease has gradually narrowed month by month. Accumulated in the first 9 months of this year, shrimp exports reached US$2.5 billion, down 26% over the same period.

(seafood.vasep.com.vn) In the first 8 months of this year, Vietnam's lobster exports to China reached 76 million USD, down 42% compared to the same period in 2022. To date, China is still the largest import market of Vietnamese lobster.

(seafood.vasep.com.vn) In August 2023, Vietnam's shrimp exports reached 337 million USD, down 15% over the same period last year. Accumulated in the first 8 months of the year, shrimp exports reached 2.2 billion USD, down 28% over the same period.

(seafood.vasep.com.vn) Sao Ta Fooods, Vietnam's leading shrimp exporter, is poised for a breakthrough in the final months of this year, capitalizing on its substantial inventory and surging market demand for refined goods.


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