According to Mr Tran Dinh Luan, deputy head of the agency, the aquaculture industry will keep shrimp farming area at 620,000 hectares with a production of 330,000 tons of shrimps this year in order to achieve this goal. In 2019, the industry aims to raise yield and export value of whiteleg shrimps. An area of about 105,000 hectares has been set aside for whiteleg shrimp farming with expected yield of 530,000 tons. This is the base for the industry to aim for a target of $4.5 billion in shrimp exports by 2020. The agency also said that provinces in the Mekong Delta and south central coast had implemented seasonal crop calendar for brackish water shrimps in January this year. In order to have a source of healthy baby shrimps, the ministry will try their best to control the quality of imported male and female shrimps for mating. In addition, it will control antibiotic use in shrimp farming to prevent the issue of antibiotic residues to ensure the quality of shrimps for export. Mr Nguyen … [Read more...] about Shrimp exports estimated to reach $4 billion this year
Shrimp exports by country
Many challenges await Vietnam’s shrimp export to US
Workers process frozen shrimp for export (Photo: VNA) HCM City (VNA) – Various challenges face Vietnam’s shrimp exports to the US, as aside from high anti-dumping duties, Vietnamese businesses have to tackle harsh policies the US uses to protect domestic production. Over the past decade, Vietnam’s shrimp exports to the US have fluctuated between 500 million USD and more than 1 billion USD. After the peak of more than 1 billion USD in 2014, exports to the US have become stagnant, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). The figure reached 255.7 million USD in the first half of 2018, down 7.5 percent year on year. The US is currently the third biggest importer of Vietnamese shrimp, accounting for 15.6 percent of total shrimp shipments. The US’s National Oceanic and Atmospheric Administration recently included shrimp in the Seafood Import Monitoring Programme (SIMP). Accordingly, from December 31 this year, importers have … [Read more...] about Many challenges await Vietnam’s shrimp export to US
Vietnam shrimp exports sluggish, but to recover along with prices
Foreign markets still have a lot of imported shrimp in stock and would not buy more now, which explains the lack of demand for Vietnamese shrimp, local newspaper Tuoi Tre quoted Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP ), as saying. Vo Thanh Sang, a shrimp farmer in the southern Soc Trang Province, said he recently sold his harvest for VND70,000 ($3) per kilogram, the lowest price in 10 years. “Each pond has four to five tons of shrimp. So if I sell my shrimp at the current price, I will lose VND40-50 million. I cannot afford that.” "In addition, many Vietnamese shrimp exporters have begun to sign large orders for the holidays at the end of 2018 so shrimp prices are expected to increase again in August and September this year," Undercurrent News, an independent seafood business news outlet, quoted VASEP as saying. There would not be excess supply in the market in upcoming quarters because other … [Read more...] about Vietnam shrimp exports sluggish, but to recover along with prices
Ca Mau targets 2.5 billion USD from shrimp exports by 2025
The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports by 2025. (Photo: VNA) Ca Mau (VNA) – The southernmost province of Ca Mau is striving to earn 2.5 billion USD from shrimp exports, and become the largest shrimp breeding hub in the country by 2025. Under the shrimp industry development plan, the province eyes to expand shrimp raising area to 279,000 hectares with a total output of 233,000 tonnes by 2020. It expects to gain 1.8 billion USD from shrimp shipments to foreign markets. By 2025, the shrimp breeding area will be reduced to 260,000 hectares but its total output and export revenue is hoped to reach 320,000 tonnes and 2.5 billion USD. In a bid to realise the set target, the provincial authorities will prioritise developing infrastructure in large-scale shrimp raising areas, applying advanced technology, and use rational production methods. The province will expand super-intensive, intensive and semi-intensive shrimp farming, … [Read more...] about Ca Mau targets 2.5 billion USD from shrimp exports by 2025
Measures sought to facilitate Vietnam’s shrimp export to US
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), though shrimp export in the first four months grew by 13.8 percent annually to over USD1 billion, the April figure dropped by 0.4 percent year-on-year, reaching over USD275 million.Last year, while shrimp export to countries surged, it fell by 8 percent from 2016 in the US market, partly due to high anti-dumping tax.In early March, the US Department of Commerce (DOC) announced preliminary results of anti-dumping tax on Vietnamese shrimp during the 12th period of review from February 1st, 2016 to January 31st, 2017, amounting to 25.39 percent, much higher than the previous reviews.Though lawyers discovered DOC’s miscalculations and preliminary results only serve as a reference, the ruling worried both sellers and buyers.Source: VNAIn April 2018, shrimp was added to the SIMP by the National Oceanic and Atmospheric Administration. Accordingly, shrimp importers must fully abide by SIMP’s … [Read more...] about Measures sought to facilitate Vietnam’s shrimp export to US