Vietnam's Shrimp Processors Running at Half Capacity as China Buys Up Raw Materials
Many of Vietnam's shrimp processors in the Mekong Delta are running at half capacity or worse because of a lack of raw materials. Processors are short on shrimp because of ongoing drought and salinity issues that have hurt production all year. Additionally, Chinese buyers are now sourcing more shrimp directly from producers that have product. Vietnam's shrimp exporters now fear losing sales to overseas markets from the overall lack of shrimp.
The Prince Edward Island (PEI) Department of Environment has approved an application by AquaBounty Canada to repurpose Snow Island's Atlantic Sea Smolt plant in Rollo Bay West. AquaBounty plans to raise up to 13,000 conventional adult salmon to provide eggs that would be transferred to its plant in Bay Fortune. The company said no GMO activities will take place at the Rollo Bay facility and that the salmon and associated eggs there would not be GMO. The conventional salmon in the Rollo Bay facility will be housed inside tanks, inside a building.
In other news a Chilean court ordered the government’s fisheries authority, Sernapesca, to disclose antibiotic use by the country's salmon producers. The ruling is a response to a lawsuit filed by Oceana demanding Chile's salmon producers make the antibiotic records available. “We expect this unequivocal ruling to set a precedent, that salmon farms comply with it, and that once and for all the use of antibiotics in Chilean salmon farming can be made transparent,” said Liesbeth van der Meer, interim executive director of Oceana’s Chile office.
Meanwhile, Russia's domestic salmon supply could be very short this year given expectations for sharp declines in pink and coho salmon catches this season. According to Russian fishing forecasts, about 45,000 metric tons of pink salmon and 12,000 metric tons of chum salmon will be produced in Sakhalin this year, which is by 2-3 times less than in previous years. The catch will not be enough to fill the processing capacity of Russia's 200 processors.
Finally, shrimp anti-dumping duty rates for Thai exporters were finalized earlier than normal this year. Final rates for Thai Union and Pakfood were set at zero percent according to the Department of Commerce's tenth review report. Another respondent, May Ao Foods was given a 1.36 percent duty rate. That same 1.36 percent rate was also set as the country-wide rate for 150 other shrimp exporters. Usually, final duty rate determinations are announced in August or September. However, Commerce finalized the rates in June since no comments were issued about the preliminary rates during the allotted comment period.
To Read Full Story Login Below.