NEWS ARCHIVES

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Archive for December, 2011

Happy New Year To All – 2012

Saturday, December 31st, 2011

Portunus Group wishes all its customers and friends a healthy, happy and prosperous New Year!

May all have a fantastic 2012!

Holiday Greetings from Portunus Group

Thursday, December 22nd, 2011

Shrimp and pangasius made up 70 percent of total seafood export

Thursday, December 22nd, 2011

In six major exported items, shrimp and pangasius represented a large proportion (70 percent) of total seafood export value of Vietnam. But this year, proportion of shrimp exports is reduced over the same period (from 40.7 percent to 39.3 percent), crabs decreased from 2.1percent to 1.7 percent, while tuna increased from 6.3 percent to 6.6 percent and pangasius increased from 29 percent to 30.6 percent because of volatility in average export price. Compared to the same period of 2010, in the frst 9 months of 2011, bivalve mollusk export price dropped sharply 2.9 percent and export volume also dropped 6.5 percent. The market share of Vietnam mollusk is declining sharply. Vietnam tuna export is more positive. Although tuna export volume of 2011 increased by only 3.5 percent (much lower compared to the increase of 28.3 percent of 2010 on that of 2009), the tuna export price recorded the highest level among exported seafood items (24 percent, from US$3.7 per kilogram to US$4.6 kg per kilogram). Therefore, Vietnam tuna export value increased 28.9 percent to US$284.7 million. Like tuna, pangasius export price also soared 21 percent from US$2.15 per kilogram to US$2.61/kg (despite a decrease of 5.2 percent in 2010). Shrimp export price reported the lowest increase among exported seafood items (except for bivalve mollusk). However, shrimp export volume reached high level, so increase of this item equal to that of other exported items.

Source: Vasep

Shortage in raw pangasius next year

Wednesday, December 21st, 2011

After floods in September, many hatcheries in An Giang, Dong Thap province (the key pangasius farming areas in the Mekong River Delta) are encountering a lot of hardships due to massive loss and shortage of juveniles for restocking. These factors are combining to outlooks for the scarcity of raw material for processing and exporting in the upcoming time. Shortage of pangasius seed According to Mr. Nguyen Huu Nguyen in An Giang Fisheries Association (AFA) who have 2 affected pangasius hatcheries in the past floods said, because of a lack of fish seed in An Giang, there is a limited supply for the local fish farmers.Many hatcheries lost 50-90 percent, leading to a shortage of fish seed for restocking, Mr. Nguyen said. Mr. Nguyen Hoang Minh, a fisheries expert also agrees with Mr.Nguyen’s analysis.The raw material supply expected to downturn it is sure that the current lack of seed will lead to shortage of raw pangasius next year. Raw pangasius for processing and exporting next year will continue to be deficient, Vice Chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP) Duong Ngoc Minh said. Although the supply of raw pangasius is forecasted to go down, its price will still keep firm, Mr. Nguyen Huu Nguyen said.

Source: Vasep

Vietnam shrimp Export, Jan – Oct 2011

Monday, December 12th, 2011

In October 2011, Vietnam reached US$262.5 of shrimp export, boosting total export to US$1.95 billion. Japan recorded a strong recover in shrimp import in October and remained the first destination of Vietnam shrimp products. In contrast, export to the U.S. fell nearly 28 percent. Exports to EU only rose 1.6 percent over the same month of 2010.

Source: Vasep

Vietnam Pangasius Export, Jan – Oct 2011

Monday, December 12th, 2011

In first ten months of 2011, Vietnam pangasius export totaled US$1.49 billion, up 27.6 percent from the same period last year. The EU reached US$452.2 million, up 3 percent and represented a proportion of 30 percent in Vietnam total pangasius export. In contrast, export to Spain decreased 4.5 percent to US$93.5 million though the market showed signs of recovery in these recent months. Among the four largest importers of pangasius in the EU, only the Netherlands reported growth, while Spain, Germany and Poland got slight drop in import value.

Source: Vasep

Pushing up pangasius export to the U.S

Monday, December 12th, 2011

In recent years, catfish farming areas in the U.S kept being contracted because the U.S. farmers turned their back upon this species due to low profit caused by high feed price. Moreover, this year, the U.S was hit heavily by floods in a number of southern states where are the key farming areas like Arkansas, Mississippi and Louisiana. Bases on this trend, Vietnam pangasius exports to the U.S. will continue to achieve optimistic results in the late months of 2011. During last ten months, fish export value to the U.S reached US$34.6 million, up 99.6 percent compared to the same period of 2010, bringing export value in October to US$261.25 million, up 99.9 percent. As of the end of October 2011, Vietnam pangasius exports maintained a two-digit growth rate, earning US$1.48 billion, a year on- year increase of 29.2 percent in which exports in October reached US$170.6 million, up 27.6 percent over US$156 million of September. Europe remains Vietnam’s largest pangasius consumer, making up 30 percent of total exports. In October 2011, pangasius exports to the EU gained US$45.6 million, up over US$41.3 million of previous month but down 9 percent against the same period of 2010. According to some Vietnam pangasius exporters, pangasius exports to the block are declining as this market has a high demand for fillets sized between 120-170 gram/ piece and 170-220 gram/piece, equal to raw fish sized 700-800 gram. However, the kind of raw fish is scarce and in high price. In October 2011, Spain – the biggest importer of Vietnam pangasius in EU block – remained the growth in importing Vietnam pangasius. In two recent months, Vietnam pangasius imported into Spain kept rising thanks to high demand for Christmas and New Year. Although pangasius exports to Spain in recent months are increasing but it is not strong enough to compensate for low export in early 2011. Therefore, as of the end of October 2011, fish exports to the market continued to decline. In Jan-Oct 2011, fish shipment to Spain reported US$93.5 million, representing a decrease of 4.5 percent compared to the same period last year. Although domestic exporters continue to face many difficulties in the last months of 2011, export earnings of pangasius are expected to reach US$1.6 billion this year.

Source: VASEP

Vietnam Tuna export, Jan – Oct 2011

Tuesday, December 6th, 2011

In first ten months of 2011, Vietnam exported tuna to 87 countries and territories for US$314 million, up 28.6 percent from the same period last year. The U.S., the EU and Japan remained the leading importers of Vietnam tuna with proportion of 46 percent, 20 percent and 11.6 percent, respectively. Over the last months, Japan recorded the highest growth of 82.3 percent, followed by Switzerland with 52.4 percent and Iran with more than 34 percent. The U.S. and the EU still kept stable growth. Exports to the U.S. reached US$144.5 million, up 32.7 percent and that to the EU was nearly US$62.8 million, up 20.6 percent. Germany, Italy and Belgium remained the biggest importers in Europe.

Vietnam seafood exports is going up.

Tuesday, December 6th, 2011

In first 9 months of 2011, Vietnam’s seafood exports have reached US$4.34 billion, up 24% over the same period last year. Generally, monthly export value increased more sharply than volume due to continuous increase in average prices. The reason is the shortage of raw materials and the increase in export of value added products. In the period, value-added products are estimated to account for 21% of seafood export value, up from 19% in 2010. In fact, since 2008, Vietnam enterprises have focused on promoting value-added products to increase export turnover. The average price of Vietnam’s seafood exports increased by 28% this year. There are 900 companies participating to export to 151 foreign markets, down 12 compared with these in 2010. Lack of raw materials and credit difficulties forced companies to focus on key markets and those that have fast payment methods. Exports to most major markets have positive growth (18-50%), but Spain with insignificant decline (-1.7%) because the importers often delayed payment.

Source: VASEP

Optimistic results in tuna export

Tuesday, December 6th, 2011

Vietnam tuna export has gained optimistic signs. According to statistics from the General Department of Vietnam Customs, in October 2011, tuna exports reached US$314 million, a year-on-year increase of 28.6 percent. In the past 10 months, Vietnam tuna has penetrated into 87 markets, nearly double over those of the early 2011 thanks to high demand from international markets at the end of the year. Moreover, some countries in the world are proposing the reduction in quotas for catching tuna to preserve fish stocks in the future. The U.S. is still the main consumer of Vietnam tuna, making up 46 percent of total exports. Vietnam tuna exports to the market in the past ten months were US$144.7 million. Among top Vietnam tuna importers, the EU ranked the second after the U.S. So far, Vietnam tuna has been shipped to 21 countries of the EU block in which Germany, Italy and Belgium are three biggest consumers. Before Germany was the leading consumer of Vietnam tuna in the block but in October 2011, Italy surpassed Germany with impressive three-digit growth rate (US$2.9 million), up 258 percent over that of the corresponding period of 2010. Vietnam tuna is more and more satisfying strict requirements of this market block. In the last months of 2011, a tuna export to Japan is on upward trend. Japanese economy has been recovering positively since tsunami happened here in March. So far, the growth rate in tuna exports to Japan reached the highest of 82.3 percent (equal to US$36.6 million). Apart from three above destinations, Switzerland is also a potential market for Vietnam tuna products. In recent time, tuna exports to the market saw a high growth rate after Japan. In the past ten months, Switzerland imported over US$3 million of Vietnam tuna, a year-on year increase of 52.4 percent. In contrast, Vietnam tuna exports to Taiwan weakened since the early 2011. In 2010, the growth rate in tuna export value to Taiwan reached high level of 127 percent compared to that of 2009. In 2011, Vietnam tuna exports to the market sank continuously, even reduction of 60 percent in one month.

Source: VASEP