Export revenue of aquatic products in August hit USD 739 million. Photo: congthuong.vn Leading markets of Vietnam’s aquatic products in the reviewed period were the US, Japan, China and the Republic of Korea, making up 53 percent of the country’s total export volume. Strong growth was also seen in other markets, including the Netherlands with 40.7 percent, Hong Kong (China) with 23.3 percent, and Germany with 19.2 percent. In August, Vietnam imported USD 128 million worth of aquatic products, bringing total imports of the products in the eight months to USD 1.14 billion, up 24.1 percent year on year. According to the MARD’s Department of Agro-product Processing and Market Development, Vietnam has opportunities to boost aquatic product exports as global shrimp price falls, hurting shrimp farming in India and Thailand. Specifically, India’s shrimp output may fall 20 percent in 2018, while shrimp production of Thailand, affected by recent shrimp epidemic, is … [Read more...] about Aquatic product exports fetch USD 5.5 billion in 8 months
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Shrimp prices forecast to bounce back in third quarter
Shrimp prices forecast to bounce back in third quarterThe Saigon Times Daily A man is seen at a prawn farm in the Mekong Delta – PHOTO: TRUNG CHANH HCMC - Prices of unprocessed shrimp are expected to rebound in the third quarter of this year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Many local shrimp processors have clinched major deals for important events and festivals in late 2018, reported the local media. Some major shrimp suppliers, such as India, Bangladesh and Thailand, have finished their peak harvest seasons and have restricted the next cultivation due to losses. Shrimp supply, therefore, may fall in the second half of 2018. As a result, shrimp prices are forecast to bounce back. Experts have recommended farmers raise sizeable shrimp for higher prices and avoid rushing to sell small shrimp. In addition, farmers should cultivate shrimp with sparse density to minimize possible risks and extend the harvest time while … [Read more...] about Shrimp prices forecast to bounce back in third quarter
VASEP wants sustainable shrimp farming and export
VASEP wants sustainable shrimp farming and export VASEP has proposed some solutions to sustainable growth of shrimp farming and export - PHOTO: TRUNG CHANH HCMC – The Vietnam Association of Seafood Exporters and Producers (VASEP) has proposed some solutions to sustainable growth of shrimp farming and export, Nguoi Lao Dong newspaper reports. In a proposal to the Government and the Ministry of Agriculture and Rural Development, VASEP said that Chinese traders are purchasing increasingly huge volumes of large-size shrimps from India and Ecuador at low prices, instead of Vietnamese shrimp. Therefore, the association suggests the Government strengthen control on transshipments via Haiphong Port of Indian and Ecuadorian shrimp bound for China in a bid to minimize trade fraud and lure Chinese traders into buying Vietnamese shrimp as usual. VASEP also proposes the Government pay special attention to high-level diplomacy with the United States so that the world’s … [Read more...] about VASEP wants sustainable shrimp farming and export
Seminar talks development of shrimp farming
Farmers in the Mekong Delta province of Bac Lieu harvest shrimp (Source: VNA) HCM City (VNS/VNA) - Minister of Agriculture and Rural Development Nguyen Xuan Cuong has ordered provinces and cities to focus on ensuring farmers raise shrimp using proper breeding processes and advanced techniques. Speaking at a seminar held in Bac Lieu province on June 3 on measures to develop the shrimp sector sustainably, he urged provinces and cities to set up sustainable shrimp farming areas and ensure cooperation between farmers and processors and others in the production chain. Farmers raise brackish shrimp on 637,000ha, slightly up from last year, including 582,000ha of black tiger shrimp and 54,500ha of white-legged shrimp, according to the Directorate of Fisheries. In the first five months of this year a total of 200,000 tonnes of shrimp were harvested, an increase of 11.1 percent year-on-year. White-legged shrimp accounted for the increase in both area and output, the directorate said. … [Read more...] about Seminar talks development of shrimp farming
Seminar considers measures for development of shrimp farming
Minister of Agriculture and Rural Development Nguyen Xuan Cuong has ordered provinces and cities to focus on ensuring farmers raise shrimp using proper breeding processes and advanced techniques. Speaking at a seminar held in Bac Lieu Province on Sunday on measures to develop the shrimp sector sustainably, he urged provinces and cities to set up sustainable shrimp farming areas and ensure co-operation between farmers and processors and others in the production chain. Farmers raise brackish shrimp on 637,000ha, slightly up from last year, including 582,000ha of black tiger shrimp and 54,500ha of white-legged shrimp, according to the Directorate of Fisheries. In the first five months of this year a total of 200,000 tonnes of shrimp were harvested, an increase of 11.1 per cent year-on-year. White-legged shrimp accounted for the increase in both area and output, the directorate said. Nhu Van Can, head of the directorate’s department of aquaculture, said the shrimp sector faced … [Read more...] about Seminar considers measures for development of shrimp farming