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Archive for September, 2011

Russian Seafood Consumption To Grow

Thursday, September 29th, 2011

Consumption of fish and production of fish on the Russian market has been growing steadily over recent years, according to Alla Barinova, Moscow Office Manager for Bord Bia – Irish Food Board.
At retail level the market share of fish increased by 12 per cent in 2010 as government initiatives aimed at promoting fish consumption, improving legislation and providing direct support to producers.
Despite the rise in consumption, Russia stills lags behind European and American per capita consumption levels.
In 2010 consumption of fish and processed fish per capita in Russia was 19 kg compared to 21kg and 26kg in Europe and the respectively.
However, the long-term forecast remains positive and it is expected that fish consumption in Russia will reach the level of big fish-consuming countries like Japan.
The volume of the Russian seafood market is estimated at up to 4.0 million tonnes with imports accounting for 20 per cent of the total. Frozen fish is the main product being imported with herring, salmon and trout being the most popular species.
According to Mr T.G. Mitupov, counselor of the Federal Agency for Fisheries, even though Russia plans to increase aquaculture production and to reduce imports by 2020, they will still need to import key fish species such as mackerel, salmon, herring, Alaska pollack and cod.
Bord Bia Moscow participated at Round table «Fish and Seafood» at World Food Exhibition, which took place in Moscow on the 13 September 2011.
Some of the main topics discussed included: Harmonisation of Russian veterinary legislation with international rules. Reforming the accreditation system for foreign fish processing companies. Challenges relating to quality monitoring of imported fish products.

Source: TheFishSite

Seafood exporters try to manage risks

Tuesday, September 27th, 2011

The Viet Nam Association of Seafood Exporters and Producers (VASEP) in collaboration with the Training and Trade Promotion Centre and Jardine LIoyd Thompson Co yesterday held a seminar to help seafood exporters identify and manage risks to improve their global competitiveness.

Truong Dinh Hoe, general secretary of VASEP, said:”Viet Nam is integrating internationally and developing export trade. However, while the business environment has expanded, risks also appear more diversified and difficult to control.”

Exporters are especially concerned with risk management issues, given the rapid growth of Viet Nam’s economy.

Risk management can reduce financial losses and improve competitive ability by ensuring company credibility.

Bui Hai Tri, general manager of Jardine LIoyd Thompson Asia, said risks could occur in the transporting of goods and in contracts as well as loans and liabilities for export goods.

Businesses should have reliable risk and insurance advisers or providers that can help them understand the potential risks and raise their awareness about the need for protection of their rights.

For risks in transporting goods, exporters should sign contracts with prestigious and reliable transporting companies.

“The terms and conditions of transport contracts should be discussed carefully and in the most detailed way to make sure that goods are fully insured in case of damages,” he said.

For credit risks, Tri said the Letter of Credit payments were common among Vietnamese exporters.

But they have potential risks. For example, some foreign importers may be using unreliable banks to open an L/C or some European banks have bad debts and have become bankrupt.

Many Vietnamese exporters have shifted their attention to Africa, a potential market for Vietnamese seafood.

But Tri said they should be cautious because the credit risks among transactions in Afria were high.

Industries that need to participate in trade credit insurance include seafood, rice, coffee, rubber, vegetable, pepper, cashews, tea and cassava, textiles and garments, leather and footwear, and the wood and plastic industry.

Exporters should also adhere to import regulations and international certificates in seafood processing and farming to avoid having their goods rejected.

Insurance played a major role in import and export activities, especially product liability insurance, cargo transportation insurance and credit insurance, Tri said.

These should be required for all goods purchases and sales contracts signed with partners in the US, Japan and the EU, he added. — VNS.

Source: Vietnamnews

Will pangasius follow tilapia to the top?

Tuesday, September 27th, 2011

Monday’s news that tilapia is now America’s fourth favorite seafood item came as no surprise to U.S. seafood professionals.

The farmed finfish’s rise to prominence has been ceaseless since its debut at No. 10 on the Top 10 list in 2002, when per-capita tilapia consumption totaled about 0.3 pounds. Last year, it reached 1.45 pounds, overtaking Alaska pollock for the No. 4 position, though it’s worth noting that the Bering Sea and Aleutian Islands pollock biomass simply cycled through a low in 2009 and is now on its way up, explaining the dip in per-capita pollock consumption from 2009 to 2010.

Perhaps the two most conspicuous trends in U.S. seafood consumption over the past decade are shrimp surpassing canned tuna in 2002 to become America’s favorite seafood item, where it remains today, and tilapia’s rise to prominence.

Tilapia is now a household name. Or is it?

I found it ironic that on the same day the Top 10 list was released by the National Fisheries Institute, I received a timely text from a childhood friend who I grew up with in Massachusetts and now lives in Arizona. He asked, “Is tilapia related to something my New England family would recognize? They think it’s some kind of exotic beast. They take unadventurous eating about as far as you can possibly imagine.”

Exotic beast? I chuckled. The point to this story is that even the most unadventurous, uninformed consumers — and there are a lot of them here in the United States — are trying tilapia, largely because it’s so available, affordable and approachable, thanks to its mild, sweet taste and firm, flakey texture.

And that’s exactly why the next “up-and-comer” holds so much promise. Pangasius made its debut on the Top 10 list at 0.35 pounds in 2009 and edged clams for the No. 9 position at 0.4 pounds in 2010. Like tilapia, pangasius fits the profile — it’s available, affordable and approachable. Though the majority of Americans can’t identify pangasius as a species of finfish, many have tried it and liked it.

But a lot stands in the way — tariffs on product imported from Vietnam, in place since 2003; the potential that regulatory oversight may shift from the U.S. Food and Drug Administration to the U.S. Department of Agriculture, curbing the flow of product into the U.S. market; and a serious supply shortfall in Vietnam, which SeafoodSource Contributing Editor Mike Urch illustrated in Monday’s commentary “Acting in isolation.” These barriers lead to illicit practices such as transshipping and mislabeling, and no good comes of that.

Tilapia has helped stabilize the U.S. seafood supply at a time when wild fisheries production has leveled off worldwide. But, for pangasius, the road to notoriety will be a much rockier one. As the barriers mount, it’s increasingly difficult to believe that my friend’s family of unadventurous eaters will be inquiring about pangasius anytime soon.

Source: SeafoodSource

Shrimp price go up in Vietnam.

Tuesday, September 27th, 2011

Black Tiger grade 1 is currently around 245,000 dong/kg, scampi 210,000-220,000 dong/kg, Vannamei 140,000 dong/kg and lobster grade 1 approximately 1,700,000 dong/kg. Until 23 September, Black Tiger and scampi price continuously significantly increases.
Black Tiger grade 1, size 20 pcs/kg, is 245,000 dong/kg in Cà Mau, size 30 pcs/kg in Tiền Giang 192,000 dong/kg, in Sóc Trăng 240,000 dong/kg, size 50 pcs/kg 142,000 dong/kg. The average increasing level is from 2,000 -12,000 dong/kg in compared with last week prices.
Scampi grade 1 in Dong Thap, Soc Trang and An Giang is 210,000-220,000 dongf/kg, particularly in My Tu district of Soc Trang province the price is 250,000 dong/kg, aprocimately 10,000 dong/kg higher than last week.
Vannamei in Ca Mau, size 40pcs/kg, is 140,000 dong/kg at ponds, the smaller sizes are from 90,000– 120,000 dong/kg.
Lobster in Phu Yen is 100,000 dong/kg higher than last week, grade 1, 1.7kg/pcs, is 1,690,000 dong/kg, size above 0.7kg/pcs – below 1kg/pcs 1,590,000 dong/kg and the smaller size approximately 1,600,000 dong/kg.
Shrimp prices go up due to the high export demand of factories. Although the price is increasing but the supply source is still sufficient, no scarcity.

Source: TTVN

Pangasius price to go up, exporters to cancel shipment schedule

Wednesday, September 21st, 2011

Mr. Duong Ngoc Minh, vice-president of VASEP said that after the summer time in EU, America, etc., the demands for Pangasius resume to high level since early September. However, the material scarcity is still a big problem due to that the farmers had stopped breeding. Consequently, it is estimated that the price will be increased in the coming time. Accroding to Mr. Minh, the dramatic increase of material also makes the exporters get loss for the contracts signed in July and August 2011. Many of the exporters have not well prepared the material source are breaking their commitment to the buyer because they are behind the contracts.

Source: SGTT.VN

Tuna exportation in July 2011 to slowly increase

Wednesday, September 14th, 2011

Tuna is one of Viet Nam main export seafood items counting for 7.4% of total national aquatic product export turnover. Tuna material is in serious scarcity due to the unstable situation of East Sea recent time which partly impact on the number of the catching boats- the official catching force. Additionally, the cost for the catching activities such as oil/gasoline, food and other tools, etc. is continuously going up. Consequently, there are more and more boats stop catching.

The local material is in shortage while the demand for the export is up. To solve the problem, then, most factories have to import the material t maintain their operation and the jobs for their staff.

The importation tax for tuna material varies 12-18% troubling to all Vietnamese tuna exporters because Vietnamese’s tuna competitors in Philippines, Thailand and Taiwan only get 0-0.5%.

Source: Vinanet

Tilapia, pangasius climb Top 10 list in US

Tuesday, September 13th, 2011

The National Fisheries Institute on Monday released its Top 10 list of America’s favorite seafood products in 2010.

Eight of the top 10 spots on the list remained unchanged from 2009. But two farmed finfish species — tilapia and pangasius — continue to climb the list.

For the first time, tilapia overtook Alaska pollock to become America’s fourth most popular seafood item, at 1.45 pounds per capita in 2010, up from 1.208 pounds in 2009.

And pangasius, the catfish-like species raised primarily in Vietnam, which made its debut on the top 10 list at 0.356 pounds per capita in 2009, surpassed clams to become America’s ninth most popular seafood item, at 0.405 pounds.

The rest of the list remained unchanged, with shrimp again leading the way at 4 pounds per capita in 2010, more than one-quarter of the 15.8 pounds of seafood that the average American consumer enjoyed. That’s down slightly from 4.1 pounds in 2009.

Canned tuna held on to the No. 2 position at 2.7 pounds per capita, up from 2.5 pounds in 2009. Consumption of salmon, the No. 3-ranked species, dropped from 2.04 pounds per capita in 2009 to 1.999 pounds in 2010.

Alaska pollock came in at No. 5 at 1.192 pounds, down from 1.208 pounds in 2009, as the 2010 Bering Sea pollock quota had been cut significantly from 2009.

The next three spots belonged to catfish (0.8 pounds), crab (0.573 pounds) and cod (0.463 pounds). Rounding out the Top 10 list was clams at 0.341 pounds.

NFI’s Top 10 list came three days after the National Oceanic and Atmospheric Administration’s (NOAA) Fisheries Service released its annual Fisheries of the United States report. Americans ate 15.8 pounds per capita in 2010, down from 16 pounds in 2008 and 2009 and the lowest amount since 2002’s 15.6 pounds. The agency adjusted the 2009 total, which originally came to 15.8 pounds, recalculating it to 16 pounds.

“If you look at the numbers from 2008, 2009 and now 2010, keeping in mind population growth, we’re hopeful that we’re beginning to see seafood consumption steadying, a trend that makes it poised for gains,” said NFI President John Connelly.

Source: Seafoodsource

Pangasius material to be increased 700 dong/kg

Tuesday, September 13th, 2011

Pangasius material is acquired at 23,500 – 24,000 dong/kg (size 0.8-1kg/fish), 500-700 dong/kg up compared with last week.

The reasons for this increase are: the scarcity of Pangasius after the falling in price for a long term and the consecutive increasing price of fish feed.

According to a statistics, last time, the Pangasius farmers in Mekong Delta abandon their ponds jumping to rice cultivation or to breeding other aquatic species occupied 30% of the total farming area and even up to 50% in some province. Consequently, it is estimated that Pangasius material price will continue going up onward.

Source: Danviet

Global demand for pangasius catfish continues to grow in trade

Sunday, September 11th, 2011

In Asian countries, namely Bangladesh, Myanmar, Thailand, India, Indonesia and Malaysia, pangasius culture is slowly increasing, catering mainly to the growing domestic markets. Some exports are also taking place from these sources to regional and western markets. International standards are being imposed in some developed and developing countries to protect consumers from mislabeling and trade fraud such as over-glazing.

Viet Nam Despite the forecast for lower raw material supply for Vietnamese pangasius, exports increased during the first quarter to the major and non-traditional markets. For example, Indian official sources indicated imports of 534 tonnes of fillet from Viet Nam during the first six months of the Indian fiscal year.

The industry is currently boosting efforts to promote its exports through a fund programme proposed by the Ministry of Agriculture and Rural Development. Pangasius exporters will contribute between USD 0.1 and 0.2 per kilogram of fish to the fund. This fund will be used for promotion activities in the US and the EU as well as strategies to protect Vietnamese exporters against allegations related to quality or pricing.

In a recent development, the Viet Nam Association of Seafood Exporters and Producers (VASEP) announced that a minimum export price of USD 3.30/kg for trimmed tra fillet and USD 2.30/kg for untrimmed tra fillet will be imposed from the beginning of July this year. According the association, the move is designed to ensure profits for farmers and prevent exporters from undercutting each other. The US is exempt from this minimum export price as it is currently imposing anti-dumping taxes.

EU Consumer preference for ‘white meat’ fillet is traditionally strong and dominated by coldwater fish such as Alaska pollock, cod, and hake fillets. Now being accepted as the ‘tropical white fish’ in many EU markets, imports of pangasius fillet continue to take a larger market share. During the first quarter of 2011, total imports of pangasius fillet were unchanged from last year.

The main markets in the EU imported more pangasius at the expense of cold water varieties with Spain importing 16% more in 2011 than in 2010, the Netherlands 9% more and Poland up 23%. Germany, however, imported less. Sustainable supplies, good quality and cheaper price compared with cold water fish are the factors contributing to consumer acceptance for such products.

USA In the first quarter of this year, the USA imported 20% more catfish than a year ago, which included pangasius (94%) and the Ictalurus channel catfish (6%). Imports from Viet Nam, which accounted for 90% of total pangasius imports, were higher by 40% than a year ago while channel catfish imports fell by 60%.
Higher prices offered by the domestic fresh fish markets in Cambodia, Malaysia and Thailand resulted in lower supplies from these sources. During this first quarter, there was little import from Indonesia.

Meanwhile, the Food Safety and Inspection Service (FSIS) of the US Department of Agriculture (USDA) is beginning to hold public meetings to hear comments on the proposed regulation to implement a programme for mandatory inspection of catfish and catfish products. Under the proposed regulations, catfish and catfish products imported into the United States would have to come from countries that FSIS has determined to operate systems of inspection equivalent to that of FSIS and from establishments certified by the foreign inspection system as complying with FSIS requirements. Upon arrival at the United States point of entry, the catfish and catfish products would be subject to re-inspection before entry into this country. Once implemented, this new regulation would most likely result in delays, hence a slow down in imports could be foreseen in the future.

Despite the up and down nature of the advance of pangasius in international trade, the popularity of this species is not in doubt. With the advent of improved regulation and a stronger emphasis on environmental standards, future export growth must be ensured.

Source: Globefish

Shrimp supply is lower in the first half of 2011

Sunday, September 11th, 2011

As of mid-June, the seasonal harvest throughout Asia remains below that of last year. In Thailand the leading supplier to the international market, the seasonal peak of the harvest is only expected in July. It has been delayed by two months because of the floods that washed away 50 000 – 60 000 tonnes of farmed shrimp. This year, the shrimp harvest is predicted to decline by 10-15% in Thailand, resulting in price increases of up to 40%. With this changed scenario, farmers have moved away from contract farming preferring spot prices and cash payments, while packers only receive orders for a maximum three months delivery to reduce risk. The supply situation started to improve from mid-June.

Compared with the past two years, this year’s supply outlook has improved in Indonesia.

In Viet Nam shrimp farms were affected by what was said to be the ‘worst outbreak of disease’, encompassing an area of 53 000 hectares in seven provinces of the Mekong Delta. Mass premature death of 20-30 days old shrimp wiped out nearly 98% of crops, including almost 20 000 ha in Soc Trang, 8 600 ha in Bac Lieu and 6 600 ha in Tra Vinh. As a result of the raw material shortage, processing plants in the region are only operating at 50-60% capacity. This has pushed up farm gate prices to highs of VND 210 000-240 000/kg. This situation may continue for the next two months.

The situation in southern India is the reverse, where bumper crops for vannamei shrimp are being harvested in June and July. To accommodate this large supply processing plants are running at 150-200% capacity using two shifts. Demand for Indian shrimp has been strong from the US market without much deviation in price. Indian farmers also produce large vannamei, not easily available from other sources. On the contrary, as vannamei farming increases, supplies of black tiger shrimp are falling in India. Last year, India harvested 150 000 tonnes of farmed vannamei and black tiger shrimp, against 105 000 tonnes in 2009. The Kolkata region remains the main area for black tiger farming while the southern aquaculture region is shifting more and more to vannamei.

Raw material shortage has kept prices firm in the international market

Traditionally shrimp prices start to ease in international markets when supplies of farmed shrimp improve from May/June each year. However, this trend is absent this year. The offer prices by packers increased further for black tiger and vannamei shrimp in June and July when the supply situation remained difficult in the producing countries. The news of serious crop failure in Viet Nam is putting further pressure on the market. Offer prices for headless black tiger shrimp from Indonesia reached USD 15.30-15.70/kg for 16/20 shell-on counts for the Japanese market, and the trend is also similar for high quality Indian products. There is no ruling price at the moment for shell-on products from Viet Nam because of the raw material shortage in the Mekong Delta. This area supplies substantial quantities of nobashi shrimp to Japan but packers are currently running on 40-50% capacity as a result of the acute raw material shortage. The situation may mean that more raw material will be imported by Viet Nam for processing for export. Vannamei prices from Thailand have eased recently along with improved supplies.

Japanese shrimp market remained steady but with lower imports this year

Household consumption of shrimp during the first quarter of 2011 was nearly 11% lower, compared with 2010. This was mainly a result of the Tohoku earthquake and tsunami in March. This consumption pattern continued into the second quarter as consumers continue to be affected by the aftermath of the tsunami, the nuclear radiation scare and power rationing nationwide.
Consumer demand improved, although temporarily,in late June when the mid-year bonuses were available. Inventories throughout the distribution chain are low for all types of shrimp, which have kept market prices steady during the first half of the year.

Cumulative shrimp imports for January-March were 6.4% higher than last year’s, which is reflection of the strong market prior to the disaster. The market continues to focus on value-added imports, which make up 66% of the 60 840 tonnes that were imported during January- March 2011. Raw shrimp imports posted a mere 2.87% rise compared with the 6.40% increase in the value-added varieties. Thailand was the major source of supply of processed shrimp; imports of shrimp sushi (with rice) doubled during this period, mostly from China.
Sellers are skeptical about a real change for the rest of the year; however, moderate imports have taken place since May to replenish stocks for summer sales in July and August.

East Asian domestic and regional markets absorb more supplies

The non-Japanese markets in East Asia remained strong for fresh and frozen shrimp during the first quarter of 2011. The Lunar New Year celebration in February was one of the reasons for higher shrimp consumption in the Republic of Korea, China, Hong Kong SAR and Singapore markets. Consumption was also high in the producing countries of Malaysia, Viet Nam and Thailand during the Chinese New Year when the shrimp price increased by 15-20% for fresh products in the retail trade. This strong price trend is continuing along with lower supplies in the producing countries.

While overall shrimp consumption in China is possibly the highest in the region, imports into the Republic of Korea superseded those of China by nearly 14 000 tonnes during January- March 2011, almost 17% more than the same period last year; China and Viet Nam were the main suppliers.

China’s fresh and frozen shrimp exports, during the first quarter of 2011 posted a 25% rise compared with the same period last year.

Overall direction of the US market seems more positive than last year

The continuing high prices of shrimp are an indication of this positive trend. The summer holiday season is expected to generate improved demand in the market including in the restaurant and catering trade. This is offset by major Asian suppliers announcing lower harvests than expected, and Latin-American producers are not able to compensate for that loss in supply. However, the weakening US dollar and short supplies in Asian producing countries put importers in a difficult position as they are less competitive compared with the strong bargaining power of buyers from Europe and Asia.

In the first quarter of this year, US shrimp imports reached 115 200 tonnes, an increase of 3.9% compared with the same period of 2010. Imports grew significantly in value reaching USD 1 009.4 million, an increase of 31.3%. The impressive increase in value is explained mainly by the record high prices. Interestingly, despite the skyrocketing prices, imports did not fall; on the contrary they rose slightly. This is a sign of the better health of the US economy and of consumers’ confidence. The average price per tonne for the first quarter of 2010 was USD 6 932.4 and for this year it was USD 8 762.2, an increase of 26.4%.This is explained by the shift of imports from smaller counts to medium counts, which are more expensive, and by the increase in imports of value-added shrimp (mainly peeled frozen). The value of peeled frozen shrimp imports was more than USD 100 million higher than in the same period of 2010 and the import value of headless shell-on frozen was also higher.

Thailand remained the major shrimp exporter to the US with 39 100 tonnes, but its market share fell from 35.3% to 33.9% as their exports remained constant while others grew. In the first quarter of 2010 second place Ecuador exported 14 800 tonnes, a market share of 13.3%, but in 2011 Thailand was followed by Indonesia with exports of 16 700 tonnes, increasing its market share from 13.2% to 14.5%. Ecuador increased its exports by approximately 400 tonnes, but market share fell to 13.2%. Imports from Viet Nam, Malaysia, Bangladesh and Peru increased by 23.8%, 22.9%, 58.3% and 30% respectively. The most noteworthy performance for the period was that of India, becoming the sixth major shrimp exporter with 7 300 tonnes, increasing its market share from 3.2% to 6.3%. According to several observers this trend is likely to continue as harvests are predicted to continue growing. Imports from Mexico and China decreased by 48.8% and 16.5%. The Mexican shrimp export decrease is related to the ban imposed by the US authorities on wild shrimp captured without the use of TEDs, as well as to the weakness of the US dollar.
Shrimp supply, particularly vannamei, has improved since mid June from India and also from Thailand, thus a price correction is predicted in the coming months.

Import value boost owing to significant increase of peeled frozen and medium counts headless shell-on imports

In volume, imports of headless shell-on counts 51/60 and smaller decreased significantly, with the >70 decreasing almost 30%, explained by an average rise in price of 34.6%. On the contrary, imports of headless shell-on counts 15/20, 21/25, 26/30 and 31/40 increased by 11%, 18.6%, 20.3% and 18.6% respectively. Other counts remained stable. Imports of peeled frozen rose 14.4% and other frozen preparations rose by 74.3%.

Unit value increased in all product categories. Headless shell-on frozen prices increased on average 33.1%. This increase was mainly the result of an increase in prices of big and medium counts. 15/20 and 21/25 counts prices increased above the average, with increments of 37% and 38% respectively.

US Domestic supply

From January to April domestic landings totaled 5 666 tonnes, an increase of 5.8% compared with the same period of 2010. While Florida and Alabama had a decrease in landings of 15.4% and 49.6%, Mississippi, Louisiana and Texas increased their landings significantly by 39.9%, 38.7% and 18.8% respectively. Despite the increased supply, the price rises are mainly the result of the weakness of the dollar, high oil prices and a stronger demand as summer arrives. However, there are reports that these record high prices (mainly in the bigger counts) are beginning to find resistance in demand so price reductions in some counts might be seen in the near future.

Europe: Strong demand continues despite financial crisis

Demand for shrimp in the EU market posted strong growth this year as reflected by increasing imports despite the current financial crisis in some member countries. The strengthening of the Euro against the US dollar in recent months has also been an advantage for European buyers to compete with buyers from other countries in sourcing more shrimp from Asian and Latin American countries. As a result, during the first quarter of 2011, EU frozen shrimp imports from third countries grew by 19.1% in volume and 42.7% in value in a year-on-year basis, totaling 103 972 tonnes worth EUR 515.5 million (USD 736 million). Ecuador, as the leading supplier, increased its shipment by 35.9% in quantity, followed by India (+11.5%), Greenland (+34.7%), China (+31%), Bangladesh (+38.6%), Viet Nam (+39.6%) and Argentina (+78.5%) during the reporting period. The sharp increase in terms of value reflected increasing shrimp prices in the global market. Towards the end of June, shrimp prices also remained high mainly because of short supplies from Asian countries coupled with strong demand from other major markets.

Shrimp imports into the major EU markets increased with the exception of France and Denmark. Despite being hit hard by the current financial crisis, Spanish imports remained strong, with imports up by 44% year-on-year. Imports of frozen shrimp went up by 43%, while processed shrimp imports doubled in quantity during the period under review. China and Argentina were the top two suppliers and their shipments increased by 52% and 105% respectively this year. Ecuador and Thailand also managed to increase their exports sharply to Spain.

The UK market also posted significant growth, which can be attributed to the sharp increase (+19%) in imports of frozen shrimp, while processed products were marginally higher.
Similarly imports into Germany and Italy grew by 6.7% and 8% respectively. Viet Nam doubled its shipments this year and became the largest supplier, over-taking Thailand.

In the Italian market, Ecuador maintained its number one position but supplies fell by 2%, while imports from India and Argentina increased sharply by 38.5% and 27.3% during the reporting period.

Meanwhile, shrimp imports into France and Denmark posted a slight decline in volume, but were significantly up in value.
As a result of the drop in supply from Canada, overall shrimp imports into Denmark also showed a negative trend this year, though there was a sharp increase in supply from Greenland.

Russia-growing market for farmed shrimp

Russia is currently attracting a lot of attention from Asian packers. Even though initially there were a number of problems related to payment, over the years, good companies have moved in with serious business intentions. The popular tropical products are raw black tiger shrimp, peeled block, as well as IQF shrimp with a maximum glazing of 7%; the market pays better prices with good terms of payment.

Russia imported 18 447 tonnes of shrimp during January-March 2011, up 6.5% against the same period of last year. Canada commanded a 35% market share. The second largest supplier, China, sold 79% more this year, whereas imports from Viet Nam increased by 63%. Demand for farmed tropical shrimp is growing rapidly in the Russian market, which has grown to 20% at present compared with 5% in 2005.

For Asian countries, considering the supply situation, prices of black tiger shrimp are likely to remain firm for a while, whereas vannamei prices may stabilize with improved supplies from India and Thailand, but no major price drop is forecast. Low inventory in Japan will support imports at moderate rates. Shrimp consumption is expected to improve during the summer holiday season in July/August. The market continues to support imports of value-added products, particularly for the retail trade.

Since the earthquake and subsequent power rationing nationwide, raw seafood is generally avoided for home cooking and demand for ready-to-cook products or readymeals has increased.

In the USA the market is getting stronger as recession fears recede. Consumers are reacting very well and demand is increasing steadily in spite of high prices. In contrast, foreign supply will have trouble in meeting demand, particularly from Asia, as several disasters have affected harvests in major supplying countries such as Thailand and Viet Nam. India is becoming an important supplier because of the lack of raw material of its competitors and to the growing use of new technologies in their productions. Latin-American supplies are not compensating the Asian decrease in exports either as they are focusing on exports to the EU and Brazil. However, some analysts think that there will not be a serious shortage of shrimp but there will be pressure to keep prices high. Confirmation of these trends will only become apparent in the next quarter. The steady upward direction of the US market and the good summer demand should keep the market firm.

Source: Globefish