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

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South Vina: Unstable pangasius export due to lack of raw material

In April 2011, Southern Fishery Industries Company (South Vina) recovered pangasius export after one month saw sharply decrease. In the first four months of 2011, the company exported over 4,400 MT of frozen pangasius, valued at US$11.6 million. Mexico, The U.S, Brazil…are the top importers of the company.

In April 2011 alone, South Vina exported over 1,000 MT of finished products, worth US$2.8 million, approximately equal to export value of the same period of 2010. Read more of this post

Increasing export pangasius price

In the first four months of this year, the average price of pangasius exported to markets has been increasing in comparison with the same period of last year.

Pangasius exported to Switzerland gained the highest price with US$4.43 per kilogram, followed by Japan with US$4.25 per kilogram. The fish price paid by importers in twenty other countries such as South Korea, the US was at US$3 – 3.97 per kilogram.

There is a fact that raw pangasius production is only enough for local processing factories, not redundant for inventories. This led to
rocketed raw pangasius price, Read more of this post

South Vina: Unstable pangasius export due to lack of raw material

In April 2011, Southern Fishery Industries Company (South Vina) recovered pangasius export after one month saw sharply decrease.
In the first four months of 2011, the company exported over 4,400 MT of frozen pangasius, valued at US$11.6 million. Mexico, The U.S, Brazil…are the top importers of the company.
In April 2011 alone, South Vina exported over 1,000 MT of finished products, worth US$2.8 million, approximately equal to export value of the same period of 2010. 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

Raw pangasius price: Reflect real market value and ensure benefits for the whole

In recent days, some local press posted information relating to the reduced price of pangasius causing confusions for both farmers and importers, especially European importers after the largest seafood exhibition in Brussels just ended.

At time of European Seafood Exposition happened from 3rd – 5th May 2011 at Brussels, Belgium, pangasius raw material prices were at record high. Raw pangasius cost paid by local processors was at VND29,000 per kilogram. At this time, frying price increased highly and harvesting was not at full season. Read more of this post

Trade boom in shrimp, tra fish leads to stock shortages

As the shrimp and tra fish rise both locally and globally, farmers and traders in the Mekong Delta are paying more for breeder shrimp and fish.

Most of the shrimp and fish breeding centres in the Delta have sold all of their breeder fish and shrimp, leading to a shortage and an increase in fries price. Read more of this post

Trade boom in shrimp, tra leads to stock shortages

As the shrimp and tra fish prices rise both locally and globally, farmers and traders in the Cuu Long (Mekong) Delta are paying more for breeder shrimp and fish.

Most of the shrimp and fish breeding centres in the Delta have sold all of their breeder fish and shrimp, leading to a shortage and an increase in price. 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

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