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Archive for November, 2011

Shrimp exports to reach over US$2.1 billion in 2011

Tuesday, November 22nd, 2011

Vietnam shrimp exports in the first nine months of 2011 gained a remarkable achievement in spite of facing a lot of difficulties. In the past nine months, shrimp exports reached US$1.69 billion, up 18.5 percent from that of the same period last year. In which, black tiger shrimp exports achieved over US$1 billion, representing 59 percent of the total shrimp export value and whiteleg shrimp exports reached nearly US$477 million, accounting 28 percent. In the period of Jan-Sep 2011, Vietnam shrimp was exported to other markets apart from three main traditional markets (the U.S., Japan and EU). In the period of Jan-Sep 2010, shrimp export value to these three markets made up more than 71 percent of the total shrimp export value but this year, this figure reduced to 65 percent. Shrimp exports to other markets such as South Korea, ASEAN, particularly Russia rose sharply. In Jan-Sep 2011, shrimp exports to Russia reached US$17.7 million, up 336.6 percent against Jan-Sep 2010, shrimp exports to South Korea up 42.6 percent, ASEAN up 60.7 percent. During the period of 2011, Vietnam shrimp exports confronted with a lot of obstacles. Firstly, earthquake and tsunami in Japan at March led to the reduction in Vietnam shrimp exports to the market due to weak consumption. Shrimp exports to Japan recovered in August after a sharp reduction in 5 months. The U.S. has surpassed Japan to become the top shrimp importer of Vietnam while Japan held the first position in nearly past ten years. Secondly, the problem of shortage of raw material becomes usual to Vietnam shrimp processors and exporters but in 2011 the problem is worse more than ever before. In May 2011, the black tiger shrimp price reported the record high of VND260, 000 per kilogram (size 20 pieces per kilogram), the highest in the past ten years. Shrimp died in many industrial shrimp farming areas in Soc Trang, Tra Vinh, Bac Lieu provinces due to diseases. According to the report of Ministry of Agriculture and Rural Development (MARD), until the end of the third quarter of 2011, 81,000 hectares of shrimp farming area was lost in which Soc Trang province was hit the worst with over 28,000 hectares. Many domestic shrimp processing plants only operated at 40 – 50 percent of their capacity and must compete with Chinese dealers to purchase raw material at their localities. Based on the achievements in shrimp export in the first 9 months 2011, hopefully, Vietnam shrimp exports of the full year will exceed US$2.1 billion of last year.

Source: VASEP

Farming sturgeon on large scale in Vietnam

Tuesday, November 22nd, 2011

The Viet Nam Sturgeon Corporation put one Russian sturgeon farm into operation in Dak Lak province’s Lak District on 12th November 2011. With a capital investment of around VND1 trillion, the farm can breed more than one million juveniles and is considered as the largest-scale farm in the world. In the first phase, the farm will stock only 40,000 commercial fish to harvest sturgeon eggs and sturgeon meat and then the farm will increase to 1 million fish.

In the next two years, the Viet Nam Sturgeon Corporation is going to add to 5-10 new sturgeon farms with the same scale in Dak Lak province. These farms are expected to produce 1,000 MT of sturgeon eggs per year.

The wholesale price of sturgeon is US$8,000-12,000 per MT, the price of exported sturgeon eggs is US$1,000-6,000 per kilogram. Breeding sturgeon on a large scale will fetch Viet Nam high economic benefits and create jobs for local people. Dak Lak province owns almost 37,000 hectares of water surface which has huge potential in aquaculture, especially farming aquatic specialities. This is the corporation’s fifth farm. Four other farms are in the provinces of Binh Thuan, Lam Dong, Binh Dinh and Bac Giang.

Source: VASEP

Pangasius price is rising

Tuesday, November 22nd, 2011

Currently, raw pangasius is priced at VND28,000 -28,500 per kilogram, up VND1,000-1,500 per kilogram compared to that of the early October. However, due to severe shortage of raw fish, especially loss from the past flood, many local processors predict that the raw fish price will hit the record high at VND30,000 per kilogram in the next year. Flood happened in the early September hurted pangasius farmers in the Mekong River Delta, especially in Dong Thap and An Giang province (two largest fish farming areas in the country). According to the statistics of Dong Thap Department of Agriculture and Rural Development, until 19th October 2011, loss of local fisheries industry caused by flood amounted to 1,886 MT of fish (worth VND37.5 billion) in the area of 616 hectares. In An Giang province, 134 hectares of aquaculture area was damaged with lost value of VND11.7 billion in which pangasius farming area was hit the most because fish farmers have just stocked fish frying in many ponds and a remarkable number of hatcheries were also damaged. Besides, in the provinces of Can Tho, Vinh Long, Tien Giang, 20 MT of fish juveniles were lost in some farming ponds and hatcheries. In recent weeks, the price of pangasius seed has continuously increased because of loss of pangasius seed in the flood, high demand for restocking from farmers. Currently, in the Mekong River Delta, the price of pangasius seed rose compared to that of the late October in which fish frying (sized 2 centimeters) is priced at VND1,700-1,900 per piece, up VND100 per piece, fish frying (sized 3,000 pieces per kilogram) is priced at VND120 – 150 per piece, up VND10 per piece. Heavy losses of pangasius farming ponds, fish seed as well as the recent shortage of raw fish, the amount of raw fish in 2012 is unlikely to meet the demand for processing and exporting because the farming ponds have just restocked and the fish seed is not enough for farming ponds in the upcoming time.

Source: VASEP

Prices rise, but pangasius shortage continues

Thursday, November 10th, 2011

Vice Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP) Duong Ngoc Minh said that processors continue to face a shortage of raw materials even while offered higher prices for their product. Importers are thus reluctantly seeking alternatives. Now pangasius (tra catfish) importers from the European Union (EU) and the US are offering to pay up to 20 per cent more than they were in the summer but there is a shortage of material for processing. “Last month, domestic export dealers pressed farmers to reduce the previously agreed price, despite increasing feed costs, so many decided to stop farming to avoid operating at a loss,” Duong explained. “Now the dealers have accepted even the higher price, farmers do not have the stocks to supply them with the fish in time for Christmas.” The outlook for the fourth quarter is that pangasius (tra catfish) output will meet just half of the demand, even though the problem began only last month, he noted, Business Forum reports. “We must use inventory fish to find new export orders. Enterprises that signed contracts to supply fish at a low price are likely to suffer heavy losses because the current input price is high,” Duong explained. Based on the productivity of 2011, there will definitely be a shortage in 2012 too, he said — and it will even continue into 2013 if the situation is not tackled promptly. Deputy Chairman of the An Giang Provincial Seafood Association (AFA) Le Chi Binh agreed. “Farmers now have no more tra fish to sell. They have given up farming. Seafood processing companies will face a serious material shortage in the time to come,” Le warned, VietNamNet Bridge reports. Fish production is contingent on both financial investment and the quality of breeding. In 2010, the number of breeding fish was cut in half, which led to the shortage. “State agencies and institutes of aquaculture are in charge of supplying quality fish fry to farmers, but farmers should also have their own hatcheries. If farmers and enterprises work together, it would go a long way to ensuring the stable consumption of the product,” Duong pointed out. For their part, enterprises must be proactive to ensure they have enough stock for their own production. They should base production plans on financial policies, but currently a lack of policies is complicating this, he said. For example, An Giang Province wanted to produce 200,000 tonnes of pangasius per year, but this becomes unrealistic without investment. Therefore, production plans must run in line with financial solutions, Duong added. But farmers seem to have lost interest out of fear of incurring further losses — and those farmers who are interested are finding it hard to acquire loans, as banks now do not want to lend them money because they believe tra farming is too risky and that farmers will be unable to pay bank debts.

Source: Fis

Vietnam Bivalve Mollusk Export JAN – AUG 2011

Thursday, November 10th, 2011

In first eight months of 2011, bivalve mollusk export of Vietnam continued drop in value. The country exported bivalve mollusk products to 47 markets, bringing US$54 million, down 9 percent from the same period last year. In which, the EU was leading importers with US$33.7 million, accounting for 62.4 percent of Vietnam total export, followed by Japan with 10.6 percent and the U.S.: 10.5 percent. Not being the largest market of Vietnam, the U.S. remained a stable market by reaching a rise of 46 percent from the first eight months of 2010. Particularly, Malaysia, Singapore and Cambodia recorded the strongest consumption of Vietnam bivalve mollusk in ASEAN. Source: VASEP

Vietnam to shore up Bangladesh fisheries sector in effort to overcome US anti-dumping

Thursday, November 10th, 2011

Vietnam has proposed to undertake joint venture and technical cooperation with Bangladesh in the field of fisheries in a bid to grab US market as its fish export to Washington is subject to payment of high duties, officials said Thursday. The Southeast Asian nation wants to develop fisheries sector of Bangladesh through technology transfer and joint fisheries resources and aquaculture management, they added.Vietnam is facing the United Sates in the World Trade Organisation (WTO) in several anti-dumping cases including frozen and canned shrimp and other fishes. An eight-member Vietnamese delegation led by its deputy minister for Agriculture and Rural Development Vu Van Tam will visit Dhaka on October 23-26 aiming to strengthen the cooperation between the two countries in the fields of agriculture, fisheries and livestock. During its visit the delegation will have meeting with the officials of ministry of fisheries on bilateral cooperation in the field of fisheries management and aquaculture. The delegation will also meet with the officials of the ministry of agriculture seeking cooperation on agriculture and rural development. The delegation is also scheduled to visit the Department of Agriculture Marketing for details on cooperation on agro, fisheries products marketing and market development. They will also visit aquaculture site and fish processing factories. Vietnam also signed memorandum of understandings (MoUs) for cooperation with both the countries to help develop the seafood industry. Sources said Vietnam wants to work with Bangladesh for development of new supply sources, cooperation in the sharing of data and information about the fish industry.A senior official of the government told the FE that being hit hard by the US anti-dumping duties in fisheries sector Vietnam wants to grab US market through other countries. “Many least developed countries are exporting fish and fish products to the US market without any obstacles or additional duties rather those are enjoying tariff preferences. Vietnam wants to take the benefit,” the official said seeking anonymity. He said Vietnam has employed a Hong Kong based lobbyist firm whose partner Andrew B. Schroth is coordinating the tour of Vietnamese government delegation to Dhaka. The lobbyist firm has also invited several Bangladeshi fish companies to meet with the Vietnamese sea food companies for cooperation during the visit.In November, 2004, the US Department of Commerce (DoC) announced its final decision, saying that Vietnam and China dumped frozen and canned shrimp on the US market. The DoC separated Vietnam and China from other shrimp exporters and classified the two countries as non-market economies following which Vietnam’s shrimp exporters are paying duties ranging from 4.13 per cent to 25.76 per cent.

Source: Seafood