Pangasius prices dive as buyers pull back but rapid output expansion continues

02/12/2019 After an exceptional year in 2018, pangasius producers who invested heavily in expansion now find themselves facing much more difficult conditions as full inventories and trade restrictions slow the markets. Production Farmed pangasius production in the world’s leading supplier, Viet Nam, will reach record levels in 2019 following heavy investment and expansion across the Mekong Delta. Total …

Canned tuna demand stable with moderate supplies and low prices of skipjack

03/12/2019 Tuna packers in Asia and Europe held sufficient stocks until August-September 2019. Reefer carriers have had long queue at Bangkok port during this period. The global market for canned tuna remained receptive and exports increased from most countries, except Spain. Raw Material Supply Tuna catches worldwide were lower than average between July and September 2019, when …

Frozen skipjack prices declined to record low in July

10/09/2019 Last year’s positive demand trend for canned tuna continued during the first quarter of 2019, with increased imports of higher value products in the United States of America and Europe. Demand for non-canned tuna, particularly frozen fillet, is enjoying increasing sales opportunities worldwide at premium prices. Raw Material Supply The supply situation of frozen …

KIEN GIANG TO EXPAND SHRIMP FARMING MODELS

The Mekong Delta province of Kien Giang will expand various sustainable shrimp farming models to meet its target of producing 76,000 tonnes this year, slightly up from last year, according to its Department of Agriculture and Rural Development. Farmers and companies in the province, which is one of the delta’s largest shrimp producers, use models …

VIETNAM sets goal of USD 10.5 BILLION IN SEAFOOD EXPORTS FOR 2019

Vietnam is hoping to take in USD 10.5 billion (EUR 9.26 billion) from exports of its seafood products in 2019, up 19.5 percent from last year, according to a statement from Vietnam’s General Department of Fisheries. The country also plans to achieve seafood output of 8.08 million tons (MT), up 4.2 percent year-on-year, including 4.38 …

INDUSTRY 4.0 TECHNOLOGIES CRUCIAL FOR TRA FISH SECTOR: MINISTER

Industry 4.0 technologies are critical to improving tra fish quality and value, according to Minister of Agriculture and Rural Development Nguyen Xuan Cuong. Checking the high-tech tra fish farming in the Mekong Delta province of An Giang on February 17, Cuong lauded the application of nanobubble aeration system and bakture powder catalyst to treat wastewater …

THE UK: SHRIMP IMPORT DEMAND FROM VIETNAM REMAINED STABLE

Exporting Vietnamese shrimp products to the UK has a tendency to increase as the UK promotes the import of warmwater shrimp thanks to affordable price compared with cold water shrimp. As the main supplying countries continuously cut their quotas which results in a drop in production, the price of cold-water shrimp is increasing. Sales of …

In 2018, the US returned to the leading position in the Vietnam’s tra fish import market

In 2017, Vietnam tra fish export to the US market had got many pessimistic expectations when the anti-dumping tax was very high, besides, the catfish inspection program was transferred to the US Department of Agriculture, which caused many difficulties in implementation. However, in 2018, especially in the last two quarters, export of tra fish to …