Vietnamese Shrimp Having Tough Time Competing in US Market Against Lower-Priced Indian Shipments
Vietnam’s shrimp exporters are facing stiffer competition in the US market this year from lower-priced Indian shipments. Vietnam’s producers are working through high-priced juvenile supply, which has kept their export market prices near last year’s levels. Meanwhile, Indian farmers have been able to slash their export prices to the US market on generally lower production costs this year. This has hurt Vietnam's ability to sell to the US according to major shrimp exporter Minh Phu.
Alaska’s final state budget will cut $2 million from ASMI’s budget and $8 million from the ADF&G. The final cut to ASMI is less than the original 40 percent cut proposed by the legislature, and slightly more than Governor Walker's original recommended cut of about 20 percent of state funds. Overall, ASMI does not expect the cut to result in major impacts to their operations or lead to layoffs.
In other news Thailand has six months to come up with a plan to combat IUU fishing or its seafood exports will be shut out of the EU market. According to the “yellow-card” warning Bangkok must now “implement a tailor-made action plan” or its seafood shipments will be blacklisted from the EU by the end of the year.
Meanwhile, this season’s snow crab catch out of the Gulf of St. Lawrence fishery was announced at 26,036 tons. Similar to this year's Newfoundland fishery, the snow crab quota is just slightly higher over last year’s haul.
Finally, the WWF has warned that the Western and Central Pacific Fisheries Commission must crackdown on Pacific tuna fleets that refuse to recognize the Commission‘s authority over the stock. “The membership is at risk of becoming irrelevant very quickly if they don't figure out a way to be more forceful about the way they address the reluctance or the non-compliance of some of these nations to provide fundamental data that is necessary to manage the fisheries." Cook said.
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