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September 13, 2013

John Sackton’s Seafood.com

Seafood News, Commentary, Price Charts—and Videos

 

Every weekday, John Sackton posts a wealth of information on the seafood industry to his webpage, Seafood.com, an online, subscription-based, fisheries news service.  Much of it is original reporting that’s not available from any other source; some of it is from the vast resources of Urner Barry publications, with which Seafood.com is affiliated; and some if it is aggregated from other sources.  In addition to covering the entire seafood industry, Sackton pays special attention to shrimp farming, fishing, markets and prices.

 

In a recent video, Sackton exposed a terrible mistake made by the USA Department of Commerce in its calculation of the subsidy duty on Ecuadorian farm raised shrimp, a $177 million mistake that may go uncorrected!  To view that video, Click Here.

 

 

Other Recent Shrimp Farming Reports from Seafood.com

 

Vietnam–Shrimp Exports Up 38%: Vietnam earned nearly $280 million from shrimp exports in August 2013, up 38 percent from August 2012, bringing its total shrimp exports to $1.67 billion in the first eight months of 2013.  Much of this is due to the sharp rise in shrimp prices.

 

Without providing figures, the Vietnam Association of Seafood Exporters and Producers (VASEP) said production of black tiger and white shrimp between January and August 2013 increased, compared to the same period in 2012.  Truong Dinh Hoe, general Secretary of VASEP, said these trends would continue through the end of 2013.

 

The positive outlook is attributed to the increased production of white shrimp, up 150 percent in August 2013 and more than 65 percent over the past eight months, accounting for over 46 percent of the nation’s total shrimp exports.

 

With an average export turnover of about $250 million per month, the Vietnamese industry’s shrimp exports are likely to hit $2.5 to $2.6 billion in 2013, up 12-16 percent on an annual basis.

 

China—Merchants Squeeze Out Vietnamese Processors: Every day, Chinese traders buy thousands of tons of unprocessed shrimp in Vietnam, making it hard for Vietnamese processors to compete.  According to Truong Dinh Hoe, chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), the Chinese merchants take all kinds of shrimp regardless of quality and size and encourage Vietnamese farmers to use harmful antibiotics and banned stimulants to increase production in their ponds.  VASEP has encouraged the Ministry of Industry and Trade to impose a 10-25% export tariff on unprocessed shrimp sold to Chinese merchants.  Because of the stiff competition from the Chinese, some Vietnamese exporters are not able to fulfill their export contracts.

 

Sources: 1. Seafood.com (an online, subscription-based, fisheries news service).  Editor and Publisher, John Sackton (phone 1-781-861-1441, email jsackton@seafood.com).  Video: Ecuador Hit With $177 Million Shrimp Duty Due to a Mistake.  John Sackton.  September 12, 2013.  2. Vietnam Shrimp Exports Up 38% in Value as ‘Tide Begins to Turn’ Says VASEP.  September 9, 2013.  3. Chinese Demand for Fresh Shrimp Again Squeezing Vietnam Processors, Pushing Up Prices.  September 11, 2013.

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