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Archive for April, 2011

Pangasius raw material price to be the highest so far

Friday, April 15th, 2011

As soon as VASEP adjusted the bottom price for Pangasius exported to EU from USD/kg 3.2 to USD/kg3.4 and up to USD/kg 4.0 for US, the price of raw material keeps going up. In Mekong delta, raw material is acquired from dong/kg 28,300 to 28,500 at ponds, dong/kg 300 – 500 higher.Pangasius raw matrial increases in price and is in high demnand because of the scarce supply from the farmers while the exporters are rush on acquiring live fish for processing.

Source: Dân Việt

Vietnam seafood production and export in February 2011

Friday, April 15th, 2011

In February, 2011, Vietnam seafood production was expected to reach 355,400 MT, up 2.4 percent in comparison with the same period last year. In which shrimp volume was 27,200 MT, up 6.3 percent. This boosted total seafood volume of the country in first 2 months to 711,800 MT, up 2.4 percent against the same period last year.
However, due to forecast on shortage of food and growing demand, most agricultural products recorded a rise in both export price and value. Therefore, exports are predicted to boost to US$3.6 billion, increasing 50.7 percent in comparison with the same period a year ago.

Seafood exports in February surged to US$ 258 million, up 13 percent over the same period of 2010, bringing the total seafood export value to US$692 million in first two months of 2011, up 28 percent compared with 2010. But that could not encourage seafood enterprises due to scarcity of raw materials causing high price and rising input cost

Source: VASEP

Vietnam investing $200 million in aquaculture

Wednesday, April 6th, 2011

Vietnam will set aside an annual average budget of nearly US$200 million in the next 10 years for a master plan to develop the country’s fish farming industry.

The master plan, just approved by Prime Minister Nguyen Tan Dung, is envisioned raising the fish farming industry’s output to 4.5 million tons a year for local sale and export.

In the first five years, the output is projected to climb to 3.6 million tons, and exports to amount to $3.5 to $4 billion. The respective figures in the following five years will rise to 4.5 million tons to between $5 and $5.5 billion.

Pangasius and shrimp will continue to be the industry’s key export earners. Pangaisus output is forecast in the master plan to grow at an annual rate of 4.8 percent to reach between 1.5 million or 2 million tons by 2020. Respective projections for shrimp will be 5.7 percent and 700,000 tons.

Mollusk farming and general seafood farming are expected to rise 16 percent and 14.9 percent annually, respectively.

The master plan highlights key issues that should be addressed, such as infrastructure development, breeding development, technology transfer, disease control, environmental improvement, production and distribution system development, and information dissemination.

The capital for translating the master plan into reality will be sourced from the state budget (10 percent), bank loans (50 percent), and private sector investment (the rest).

The pangasius farming sector has seen output declining to 800,000 tons from last year’s 1.4 million tons, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

VASEP’s secretary general, Truong Dinh Hoe, said fast volume growth and unhealthy competitive practices such as price undercutting and failure to ensure quality in the last few years have spelled trouble for the fish on world markets, especially the U.S. that has slapped anti-dumping duties on tra imports from Vietnam.

“A downward adjustment of output is good for farming restructuring and market consolidation,” he said.

Pangasius prices for processors in the Mekong Delta, the country’s key tra and basa fish farming area, has steadily inched up since January.

The falling supply has resulted from the fact that many farmers abandoned their farms last year due to high farming costs and volatile tra prices.

Shrimp exporters can expect a jump in revenue this year. According to the United Nations Food and Agriculture Organization, shrimp suppliers in Asia in the first quarter of the year have faced raw material shortages. Meanwhile, Canada and China, among others seem to be cutting export volume, thus affecting global supply.

The recent move by the U.S. Department of Commerce to lower antidumping duties for frozen warmwater shrimp imports from Vietnam is an incentive for local exporters to spur shipments. VASEP said shrimp exports are forecast to reach US $2 billion this year.

Source: Vietfish