Fisheries processors struggling with hardships

The Vietnam Association of Seafood Exporters and Processors (VASEP) on June 14 organised a conference to report export situation as well as the serious shortage of materials.

Truong Dinh Hoe, general Secretary of VASEP, reported that the shrimp export so gar has accounted for 35.5 percent of the country’s total seafood export turnover. Mekong Delta now has 213,500 hectares of shrimp raising area, expected to reach the output of 213,000 tonnes – the great supply for export. But, due to epidemic, 52,270 ha of shrimp raising area here was damaged seriously for which the processors are facing shortage of materials for export. Read more of this post

Seapriexco No4 to invest in raw material supply

In Q.1/2011, Seapriexco N04’s sales increased 150 percent and its net profit was up 41 percent against the same quarter of 2010,” the company said.

At the 2011 Annual General Meeting of shareholders, shareholders agreed to adopt the project to construct a feed factory and a fishmeal mill with using the rest of processed pangasius which was expected to locate beside Dong Tam processing plant. The total investment in this project rose to VND120 billion. Read more of this post

Binh Dinh: Seafood exporters lack of raw materials

Currently, seafood processing factories for export in Binh Dinh province are facing the shortage of raw materials, only operating at about 70-80 percent of designed capacity.

This is due to less fish stocks, rising gasoline price and high interest rates which influences on fishermen’s fishery farming. So far this year, capture fisheries production in the province has only reached 41,859 MT, down 10 percent over the same period last year. Besides, the shrimp diseases are occurring on a large scale, with 33.4 hectares, up 8.5 percent, harvested shrimp area decreased 21.7 hectares. Read more of this post

NAVICO: Net sales suffers pinched by raw material shortage

Nam Viet Corporation reported that in the first quarter, their net sales saw a 30.4% yoy decrease as result of the severe raw material shortage.

The export volume of the company fell by 51.83% against the same period of last year. Meanwhile, all input cost skyrocketed. Read more of this post

Lack of material creates problems for seafood businesses

Shortage of raw materials in Vietnam

Empty harvesting basket in Pangasius farm

Local seafood businesses anticipate that they will continue to encounter difficulties in the second quarter of the year because of the rise in interest rates and the shortage of production materials.

Chu Van An, deputy director general of Minh Phu Seafood Joint Stock Corporation said that  although several seafood companies have received a plenty of orders, they encountered difficulties due to 22-24 percent interest rates, shortages of materials and recent epidemics that affected shrimp in many provinces. Read more of this post

AGIFISH: Export tunover reaches US$14 million in Jan-Feb 2011

Agifish reported its revenue, export turnover, and post-tax profit last year amounted to respectively VND1,786 biliion, US$61 million, and VND48.41 billion.
Last year, Agifish purchased more than 56,000MT of raw materials. On average, the company’s daily processing capacity reached 200MT. Read more of this post

HaLong Simexco: Worry about the lack of raw materials and labors

2010 was a difficult year for Halong Simexco. Teh serious lack of raw material along with the high price, high interest rates frequent fluctuation of labours, etc made the company not achieve its production and business plan in 2010.

As the report, the company exported to Japan with nearly 40 MT of frozen octopus, 46.8 million fish cakes and 22.7 MT of frozen squid, total value of over US$2.2 million. Read more of this post

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