The covid-19 pandemic is blamed for the plunge of Vietnam’s tuna exports, with the vast majority of sales being on the decline. The sector is living up to expectations for the EU market, especially after EVFTA becomes effective.
By May 2020, Vietnam’s tuna export value reached approximately $241 million, down nearly 20% from the same period last year, with a vast majority of top 10 destinations of Vietnamese tuna seeing a decline in value, except for Japan increasing by 31% and Egypt increasing by 76%. Vietnamese tuna export value to the US reached nearly $102 million, down 21% from last year while sales in the EU reached $48 million, down 11% and sales...
Orders of reopening the economy given by the EU and some other countries have brought good signs to Vietnam’s shrimp exports in May. As forecasted, growth will continue in the next few month and prices will increase.
Shrimp exports reached $330.2 million in May, up 0.6% from last year, bringing in a total of shrimp exports in the first five months of 2020 reaching $1.2 billion, up 2.3%, according to VASEP.
Shrimp exports reached $370 million in June but saw a 11% decline in the first six months compared to the same period last year. However, shrimp is the key species among those seafood going into the world in the first...
According to the Agro Processing and Market Development Authority (Agrotrade) under the Ministry of Agriculture and Rural Development, the short supply triggered domestic prices of black tiger shrimp material in June meanwhile prices of white leg shrimps are on the decline due to abundant supply at the harvest time.
Ice-glazed black tiger shrimp size 20, 30, 49 pcs/kg is sold at 210,000 dong/kg, 180,000 dong/kg, 140,000 dong/kg respectively, up 10,000 dong/kg.
White leg shrimps size 60 pcs/kg is priced down to 100,000 dong/kg, size 70 pcs/kg is at 90,000 dong/kg and size 100 pcs/kg is at 85,000 dong/kg, down 5,000 dong/kg.
According to the Directorate of Fisheries, Vietnam’s seafood export turnover reached $3.56 billion, equal to 91.4% of the same period last year and covering 35.6% of the plan. The fisheries industry sets a target of bringing in $10 billion from exports in 2020.
The COVID-19 pandemic has seriously affected the production and development of the fisheries industry, especially seafood exports with seafood consumption being on a sharp decline. Summer heat and salt intrusion hit the aquaculture in the Mekong Delta.
The production, processing and exports of pangasius is decreasing due to a double impact of the...
Pangasius material in the Mekong Delta has been always at low prices, ranging between 18,000 dong and 19,000 dong/kg (size 700-800g/pc), meanwhile the production cost was 21,000-22,000 dong/kg, down 40% from the same period last year.
Production of pangasius broodstock in the first six months of 2020 was stable in the Mekong Delta, according to the Directorate of Fisheries.
The stocking area reached 4,530 ha by June (equal to 95.7% of the same period last year). The harvest area is 1,536 ha (equal to 78% of the same period last year).
Pangasius output is estimated to reach 587.3 thousand tons by June 2020, equal to...
More farmers, co-operatives and companies in the southern province of Bà Rịa-Vũng Tàu are enjoying much higher profits by using advanced farming techniques to raise shrimp.
Under high-tech farming models which use super-intensive farming, shrimp breeding ponds are lined with plastic and anti-sunlight nets are hung above. The models are also equipped with oxygen-generating facilities.
Besides shrimp breeding ponds, other ponds filter water which is released into shrimp breeding ponds or used for treatment of waste water.
High-tech shrimp farming has a success rate of 90 per cent and offers far higher profit than traditional shrimp...
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