Weekly summary of aquaculture news from Vietnam (January 6, 2020 – January 12, 2020)

Aquaculture:

In recent years, in Quang Tri Province, the movement of shrimp farming has flourished in sandy and marine areas. High-tech shrimp farming models are developed to increase productivity, improve output, protect the ecological environment and bring high incomes.

Specifically, some local farmers apply high-tech shrimp farming models in greenhouses. These models show high productivity, yield and profit with good disease control feature. When an epidemic occurs, it is easier to manage and minimize the risk of loss for farmers.

In 2019, Quang Tri Province farmed shrimp on a total area of ​​1,260 hectares. In this year, local shrimp production reached 5,020 tons, an increase of more than 500 tons compared to 2018. The production value of shrimp farming in 2019 is estimated at over VND 00 billion, an increase of VND230 billion compared to 2018.

It is noteworthy that the province has successfully implemented 2-stage shrimp farming models, high-tech whiteleg shrimp farming in greenhouses, and whiteleg shrimp culture in round pond in net houses. To raise the value of local shrimp to VND1,000 billion in 2020, Quang Tri Province continues to develop and expand the hi-tech shrimp farming models.

Processing, Import and Export:

According to authorities in the Mekong Delta provinces, in 2018, the price of raw Pangasius (also known as Tra fish or swai) materials were at about VND29,000/kilogram, higher than the average in 2017 of VND4,000/kilogram. In October 2018 alone, the price of Pangasius skyrocketed to VND35,000/kilogram, helping farmers won successful crops. As a result, Pangasius export turnover in 2018 reached $2.26 billion, up 26.5%. However, in 2019, Pangasius price suddenly dropped sharply for many reasons. Sometimes the price was only at VND17,000 - 18,000/kilogram, causing many farmers in the Mekong Delta to face losses at VND3,000 - 5,000/kilogram.

With difficult situations of many fish farmers in the Mekong Delta, the model cooperating to develop material areas of Sao Mai Group maintains stable operation.

Specifically, this business has spent about VND600-700 billion to offset the price differences for many fish farmers working with the group. The business buys fish at a contract price of VND25,000/kilogram to protect farmers from losses. Therefore, with a material area of 350 hectares associated with farmers, and the output of more than 10,000 tons of fish per month, Sao Mai Group can maintain its supply for 3 seafood processing factories of IDI Corporation, which Sao Mai Group is the parent company.

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