Shrimp exports rise as diseases subside Trung Chanh By Trung Chanh - The Saigon Times Daily CAN THO – The nation’s shrimp exports increased strongly between January and October as the farming area struck by diseases sharply shrank compared to the same period of last year. Speaking at a conference on seafood disease prevention in Can Tho City last Friday, Tran Dinh Luan, deputy head of the Department of Animal Health under the Ministry of Agriculture and Rural Development, said that diseases on seafood in general and shrimp in particular reduced substantially during the period. Between January and October, the total shrimp farming area damaged by diseases was 5,700 hectares, a sharp fall compared to last year’s figure of over 25,000 hectares, Luan said. Many delegates at the conference also said that the shrimp industry in the Mekong Delta had obtained good results this year. Many shrimp farming households in the region have gained high profits after suffering … [Read more...] about Shrimp exports rise as diseases subside
Shrimp exports
Shrimp exports up, but output down
The Hanoitimes - The shrimp price has been skyrocketing, while processing factories cannot purchase enough shrimp and run at just 30-50 percent of capacity. While Vietnam's shrimp exports have been increasing steadily, its shrimp output is not increasing accordingly. Exports up According to the Ministry of Industry and Trade, seafood export revenues in the first four months of 2010 increased sharply by 20.3 percent over 2009 to $1.3 billion. Shrimp remains the key export item among seafood exports. The ministry warns that it will be difficult to increase seafood export revenue in the time to come, because domestic processing factories lack materials and can meet only 30-50 percent of the demand from processing companies. In 2009, due to the global economic crisis, seafood export revenue decreased by 6 percent. Meanwhile, shrimp was the only product that increased, by three percent. Economists reported that the increase of shrimp exports in 2009 could help prevent seafood … [Read more...] about Shrimp exports up, but output down
Shrimp exports likely to reach USD2.5 billion in 2013
According to the Vietnam Association of Seafood Exporters and Processors (VASEP), seafood exports raked in USD4.7 billion in the first nine months of this year, 4.5 percent more than the same period last year, including USD2 billion contributed by shrimp. The surge results from a hike in the global price of shrimp due to its scarce supply. In the remaining months of this year, shrimp exports are expected to continue enjoying advantages thanks to positive signals in the US market as the US Department of Commerce (DoC) recently confirmed that Vietnamese businesses trading with the US do not dump their frozen warm-water shrimp products on the market. The increase in shrimp exports is also attributed to changes in the global market when some countries are cutting down their export of shrimp due to infectious diseases in this crustacean. Vietnam has constrained the diseases, thus ensuring the supply of shrimp to the world and making a high profit./. … [Read more...] about Shrimp exports likely to reach USD2.5 billion in 2013
Shrimp Exports to China Surge in Volume and Value
The Vietnam Association of Seafood Exporters and Processors (VASEP), reported that since early this year, shrimp exports to the Chinese market increased by 110 percent in volume and 90 percent in value, compared to the same period last year. Total exported shrimp volume has, so far, reached more than 1,000 tonnes, worth nearly US $12 million. According to VASEP, total Vietnamese exported seafood products to China decreased but shrimp products were still popular in this market while shrimp exports to Vietnam's major and traditional markets continued to decrease sharply. Mr. Le Van Quang, Deputy Head of VASEP forecasted that shrimp exports to major markets in the coming months would decline sharply; shrimp export turnover will be likely to decrease by at least 30 percent compared to 2008. Millions of dollars later, Dong Nai dam still damaged and unused A dam in a multimillion-dollar irrigation work designed to serve several industrial parks and farmland areas in Dong Nai Province has … [Read more...] about Shrimp Exports to China Surge in Volume and Value
DOC eases anti-dumping duties, but shrimp exporters still unsatisfied
VietNamNet Bridge - Vietnam’s shrimp exports to the US are now taxed less than one percent, but shrimp exporters are not optimistic about exports. The US Department of Commerce (DOC) officially announced its decision on Vietnam’s shrimp products after the ninth administration review (POR9) imposed an anti-dumping tax rate of below one percent. Analysts commented that the decision was a ‘lifebuoy’ for Vietnam which is witnessing a sharp decrease in shrimp exports. The US is one of the largest markets for Vietnam’s shrimp. A report from the Vietnam Association of Seafood Exporters and Producers (VASEP) showed that Vietnam exported $1 billion worth of shrimp to the US in 2014, which accounted for 25 percent of total shrimp export value. VASEP’s secretary general Truong Dinh Hoe commented that the DOC decision, to some extent, will help boost shrimp exports to the US, which would help improve the business performance of shrimp exporters in the … [Read more...] about DOC eases anti-dumping duties, but shrimp exporters still unsatisfied