Aquatic product export was estimated to touch US$644 million in the first month of this year, a decrease of 3.9 percent compared to the same period last year, of which pangasius fish exports dropped 4.4 percent and shrimps declined 2.2 percent. Therefore, the export target of $10 billion or a growth of 11 percent for aquatic industry this year is unlikely to be feasible. Shrimps, the key export product, have not showed their full potential According to Mr. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), the aquatic industry has been facing three main difficulties. The first one is material source. Control on material source about illegal, unreported and unregulated (IUU) fishing and chemical residues remains poor, causing producers to be unable to synchronously control production process. Meanwhile, fish feed production depends on imported materials including corn and soy beans, thus the prices of fish feed are always higher … [Read more...] about Difficulties hold back Vietnam’s aquatic exports
High demand export products from india
Difficulties hold back aquatic exports
According to Mr. Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), the aquatic industry has been facing three main difficulties. The first one is material source. Control on material source about illegal, unreported and unregulated (IUU) fishing and chemical residues remains poor, causing producers to be unable to synchronously control production process. Meanwhile, fish feed production depends on imported materials including corn and soy beans, thus the prices of fish feed are always higher than those of other countries, affecting cost prices of input materials of aquatic product processing companies, reducing their competitiveness compared to Thailand, India and Ecuador. Workers prepare red tilapia fish for processing for exporting to the EU and South Korea. (Photo: SGGP) Not to mention that negative impacts of climate change, saline intrusion and epidemic diseases caused a shortage of material that factories had to import … [Read more...] about Difficulties hold back aquatic exports
India prices slip as demand lags; Vietnam awaits major harvest
India’s 5 percent broken parboiled variety eased to $379-$384 per tonne this week from the $382-$387 range last week. "Demand is still weak due to higher prices," said an exporter based in Kakinada in the southern state of Andhra Pradesh, adding that despite the fall, prevailing high rates were prompting buyers to look at other markets, such as Vietnam. The Indian rupee hit a month low on Thursday, increasing exporters’ margins from overseas sales and thereby prompting a reduction in prices. Export prices in India had shot up after the central state of Chhattisgarh, a leading rice producer, raised minimum paddy buying prices to 2,500 rupees per 100 kg from 1,750 rupees. In neighboring Bangladesh, an increase in domestic rates for rice could prompt the government to cut the import duty on the staple grain, traders said. The south Asian country, which emerged as a major importer of the grain in 2017 after floods destroyed crops, imposed a 28 percent duty in June last year to … [Read more...] about India prices slip as demand lags; Vietnam awaits major harvest
Golden Triangle’s drug production expands, diversifies amid opioid concerns
The region could emerge as a hub for synthetic opioids like fentanyl. Asia Pacific counter-narcotics police met in Myanmar’s capital Naypyitaw on Wednesday to negotiate a new strategy to strangle the supply of chemicals used in synthetic drug production. The Golden Triangle centred on Myanmar’s conflict-ridden north has exported illicit drugs to the world for decades. While opium cultivation and heroin trafficking has slumped in recent years, synthetic drug manufacturing - especially methamphetamine - has soared. UNODC regional representative Jeremy Douglas said the boom was “like nothing we have ever seen before, and it has required a matching surge in precursor chemicals.” Seizures of methamphetamine sourced from the region have leapt since 2016, with consignments of the highly addictive drug intercepted in South Korea and New Zealand and most countries in between. The price of methamphetamine - both in crystal and pill form - has fallen in many countries … [Read more...] about Golden Triangle’s drug production expands, diversifies amid opioid concerns
Vietnam-India Business Forum promotes agricultural growth
At the Vietnam-India Business Forum in New Delhi (Photo: VNA) New Delhi (VNA) – A Vietnam-India Business Forum was jointly held by the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Embassy of Vietnam in India on October 26. Themed “New Vision for Agriculture: Building and Strengthening Multi stakeholder Partnerships”, the event was attended by Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, Vietnamese Ambassador to India Pham Sanh Chau as well as Indian officials, businesspeople, experts and researchers in the agriculture, finance, insurance and banking sectors. The forum was designed as a bridge for businesses of Vietnam and India to meet and exchange information, towards the signing of partnership deals and investment in farm produce, contributing to the target of lifting two-way trade to 15 billion USD in 2020. Speaking at the forum, Deputy Minister of Agriculture and Rural Development Tran Thanh … [Read more...] about Vietnam-India Business Forum promotes agricultural growth