Prices for raw pangasius and fingerlings drop in March 2024
09:16 04/17/2024

(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.

(seafood.vasep.com.vn) Sao Ta Food Joint Stock Company (FIMEX VN) has just announced that in March 2024, finished shrimp output reached 2,000 tons and finished shrimp consumption reached 1,693 tons, an increase of 74%, and 42% over the same period in 2023, respectively.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.

(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in February 2024, pangasius export turnover reached more than 90 million USD, down 42% compared to the same period last year.

(seafood.vasep.com.vn) The US Department of Commerce (DOC) recently announced the final results of the 19th anti-dumping tax review (POR19) on frozen pangasius fillets in the United States. Vietnam exports to the United States in the period from August 1, 2021, to July 31, 2022; accordingly, six Vietnamese pangasius export enterprises enjoy low anti-dumping tax rates.

(vasep.com.vn) Vietnam's shrimp exports in the first 2 months of this year reached 415 million USD, up 24% over the same period last year. Exports to China and the US markets recorded growth of 143% and 26%, respectively, over the same period.

(seafood.vasep.com.vn) As of February 15, 2024, Vietnamese shrimp exports to Australia reached more than 23 million USD, an increase of 48% over the same period in 2023. Australia is the fifth-largest single market in terms of imports. Vietnamese shrimp account for 7.5% of the total value of Vietnamese shrimp exports to markets.

(seafood.vasep.com.vn) In the first two months of 2024, seafood exports increased by 13% over the same period last year, mainly thanks to a breakthrough increase of 64% in January. Many main products had positive growth in the first 2 months. Last month, white leg shrimp increased by 18%, tuna increased by 21%, pangasius increased by 6.5%, and giant tiger prawn increased by 9%. Notably, lobster

(seafood.vasep.com.vn) This year's net profit of Sao Ta Food Joint Stock Company (stock HS code FMC) is forecast to increase by more than 25% thanks to increased raw material autonomy and a recovery in consumption demand in a series of major markets

(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) Vietnam's pangasius exports in the first month of 2024 receive a "wave" of growth to most main markets.

(seafood.vasep.com.vn) Since the end of 2023, Vietnam's tuna exports have tended to recover and are expected to increase again in 2024, especially in the year's second half.

(seafood.vasep.com.vn) Vietnam's cephalopod exports in the first month of this year reached 62 million USD, up 45% over the same period last year. Except for the same time last year, which fell during the Lunar New Year, the growth in cephalopod exports in the first month of this year is also a good signal to start the export of the whole year.

(seafood.vasep.com.vn) Brazil has officially stopped importing tilapia products from Vietnam since 14 Feb 2024, according to Decision No. 270 dated 09/02/2024 by the Secretariat of Animal and Plant Health and Inspection, Ministry of Agriculture and Food Supply (MAPA). This decision does not affect Vietnamese businesses too much. However, this can be seen as an initial barrier for Vietnamese tilapia products, and could lead to other seafood products in the Brazilian market.