Vietnam seafood industry overcomes challenges

According to the latest forecast by the Ministry of Agriculture and Rural Development (MARD), seafood exports in 2011 might reach from US$ 5.7 to US$ 5.8 billion, higher than expected in the late 2010 (about US$ 200 million) and increased from US$ 0.7 to US$ 0.8 billion compared to 2010.

This forecast is based on the fact that global demand for seafood is increasing drastically, especially in large markets such as the U.S., EU,Canada, and Japan. This is an opportunity for Viet Nam seafood export to reach US$5.8 billion in 2011. Read more of this post

Price of raw black tiger shrimp hit record

 Shrimp price rose due to farmers focused on cleaning ponds for new crop, leading to lack of raw material. Moreover, demand for seafood products rose sharply in the global market and member entreprise of CASEP (Ca Mau Seafood Exporter and Producer association) signed more export contracts with partners, espacially Japanese partners.

According to Ca Mau Association of Seafood Exporters and Producers, raw black tiger shrimp price now hit record high in past ten years. Black tiger shrimp price (count 20 pc/kilogram) is at 260,000 VND per kilogram, Read more of this post

Opportunity to boost seafood exports to Japan

The sharply increasing demand for clean food, including seafood, in Japan is considered a good chance for Vietnamese businesses to increase exports to this market.

General Secretary of the Ca Mau Association of Seafood Processors and Exporters Ly Van Thuan said Read more of this post

Ca Mau strives to reach US$1 billion of seafood export

Although Ca Mau Province planned to export US$850 million of seafood in 2011, enterprise and Ca Mau Association of Seafood Exporters and Producers are determined to reach US$ 1 billion this year.

To get this number, each enterprise in Ca Mau must register its specific target of seafood export in 2011 in which focusing on raw material.

Enterprises try to purchase raw materials from other provinces and countries; process finfish, squid and crab for export and enhance the management of quality, food hygiene and safety.

Besides, enterprises also strengthen the trade promotion and set up their stable consumption markets, specifically keeping and developing better the traditional markets and expanding new markets, especially potential markets.

For nearly 2 months of 2011, seafood processing production for export of Ca Mau reached 9,500 MT, valued at US$85 million, equal to 10 percent of the year plan. The main exporting markets were the U.S., EU, China and some Asia countries.

 

Ca Mau looks to increase shrimp exports

The southernmost province of Ca Mau, which leads the country in shrimp farming, is likely to increase exports of the this year, experts say.

The province’s shrimp exports reached a record high of US$800 million last year, according to the province’s Department of Agriculture and Rural Development.

Ngo Thanh Linh, deputy head of the department’s Planning and Finance Division, said: “There are many positive signs for the export of this product [shrimp] in 2011. The clearest sign is that the export volume and value of shrimp so far this year have increased compared to the same period last year.” Read more of this post

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