HEMDANCO GROUP’s Post

🦑 Seafood surge 🚀 🦞 Exports of aquatic products rose 9% year-on-year to US$6.3 billion in the first eight months of 2024, driven by key products like shrimp, pangasius and tuna. 🦐 Vietnam shipped $2.4 billion worth of shrimp during this period, up 10% from a year ago, while pangasius exports amounted to nearly $1.3 billion, a 9% year-on-year increase. 🐟 Some $652 million worth of tuna was exported, up 21% from the same period last year. 💹 These figures marked a recovery for the aquaculture industry, which has been struggling since the Covid-19 pandemic. Last year, aquatic product exports fell 18% to $9 billion. 💪🏼 The surge in exports has been driven by stronger demand in major markets, including the U.S., China, and the EU. 📈 Shrimp exports to the U.S. soared by 21% in August from a year earlier as the economy recovers and retailers there sought to replenish stock for the holiday season at the end of the year. 🚛 Vietnam shipped 21% more shrimp to China, one of its largest seafood export markets, compared to the same period last year, partly due to quality issues faced by its main competitor, Ecuador. 🐠 Pangasius exports to the U.S. jumped by 40% year-on-year to $35 million in August, fueled by rising demand and a procurement program by the U.S. Department of Agriculture, which has created more opportunities for white fish. ⚠️ An anti-dumping review by the U.S. Department of Commerce has concluded that Vietnamese exporters were found not to be in violation and will be exempted from anti-dumping duties. 🚧 Nonetheless, the aquaculture industry faces several challenges, including 10-20% year-on-year increases in raw shrimp prices and diseases like EHP in shrimp. 💰 The Vietnam Association of Seafood Exporters and Producers said aquatic product exports might be able to achieve the target of $10 billion this year if businesses maintain product quality, improve competitiveness, and capitalize on international trade and bidding programs. https://lnkd.in/gTk3xARn

Nepal can learn from China’s approach by exploring ways to expand its export sectors, such as agriculture and livestock, to reduce its trade deficit and boost economic growth.

Nepal has signed an agreement to export processed buffalo meat worth USD 1.5 billion annually to China. Himalayan Food International and Shanghai Ziyan Food Company will work together to export 2.7 million metric tons of meat every year. A fully automated slaughterhouse will be built within six months. This deal will create jobs and support farmers, but Nepal must focus on maintaining quality and improving infrastructure for long-term success. Similar efforts with other countries can help reduce trade deficits and grow Nepal’s economy #NepalEconomy #TradeBalance #BusinessGrowth #FirstDealNeapl

(CHINA/BRAZIL 02.07.24) #pecans Brazilian Pecans Granted China Market Access [AG: Latest updates on Australia's pecan production and market trends?] Brazil has gained approval to export pecans to China https://lnkd.in/gNER2VMA, the world's largest tree nut importer. This follows successful negotiations and pest risk analysis between Brazilian and Chinese authorities. Brazilian pecan exporters must now meet established phytosanitary standards. The agreement is expected to boost Brazil's pecan industry, concentrated in southern states, and strengthen trade relations with China. Brazilian pecans will compete with established suppliers like the US and Mexico https://lnkd.in/gFjbsxUM in the Chinese market. Success will depend on price, quality, and meeting Chinese consumer preferences. ----- [AG: Where are the latest updates on Australia's pecan production and market trends Australian Pecan Association (APA) www.pecangrowers.org.au Based on the most recent available information we could find, here's a summary of the latest insights into the Australian pecan industry. PRODUCTION: • As of 2021/22, Australia produced 3,170 tonnes of in-shell pecans and 1,632 tonnes of kernel pecans. • The total production value was $17.8 million. • 96% of in-shell production was sent for cracking. • The production area was 1,190 hectares as of 2021/22. • Major production areas are in the Gwydir Valley, with 90% of production centered in Northern New South Wales and South-Eastern Queensland. CONSUMPTION: • Per capita consumption was 0.04 kg in 2021/22. • 15% of Australian households purchased pecans, buying an average of 310g per shopping trip. • In 2021, annual pecan consumption in Australia was approximately 1.6 thousand metric tons. EXPORTS: • Australia is a net exporter of pecans. • In the year ending June 2022, Australia exported 24 tonnes of in-shell pecans (3% of pecan exports) and 710 tonnes of kernel pecans (97% of exports). • The main export destination was the United States, accounting for 66% of exports in 2021/22. INDUSTRY POTENTIAL • There's strong interest in industry expansion, with new orchards being planted in key growing regions. • Close to 600 hectares of non-bearing trees are expected to come into production in the next five years, driving further growth. It's worth noting that while this information represents the most recent data available online, some of it may not reflect the absolute latest state of the industry. The Australian pecan industry appears to be in a growth phase, but up-to-the-minute statistics are not readily available. For more information, contact www.pecangrowers.org.au] ----- https://lnkd.in/gjsnNpmM

FROZEN SEAFOOD EXPORTS Frozen Fish is the second largest export item, accounting to 25.64% in quantity and 10.35% in USD earnings. Export of Frozen fish showed a positive growth of 9.03% in USD terms. Frozen squid exports grew by 1.51% in quantity, but declined by 4.79%, and 0.93% in rupee value and USD earnings respectively. Export of Chilled items also improved in terms of quantity as well as in value, with a growth of 5.56%, 27.29% and 18.91% in terms of quantity, rupee value and USD earnings respectively. Unit value realization also improved by 12.65%. Export of Frozen Cuttlefish has shown a growth in exports by 9.26% in quantity, 21.19% in rupee value and 26.35% USD. The Unit value realization also improved by remarkably 15.64%. The Indian Fish & Seafood market has witnessed enormous growth of over 10.87% per annum in 2019-20. Today, the market size is over INR 650 Billion and expected to reach INR 1950 Billion by 2027, growing at the rate of 18% CAGR. The fish & sea food industry also earned revenue of over INR 46662.85 Crore in 2019-20 through exports. Here are some highlights: Fisheries in India employee over 28 million people Annual exports revenue for fish & fisheries products to reach INR 1 lakh crore by 2025 Andhra Pradesh, West Bengal, Gujarat and Odisha are the largest fish producers in the country #SeafoodExpo #FisheriesExhibition #OceanicCuisine #AquacultureShowcase #MarineHarvest #SustainableSeafood #FishMarket #FreshCatch #SeafoodFestival #FishermenGather #ShellfishShow #MaritimeCuisine #OceanBounty #FishermenCommunity #TrawlingTechniques #FisheryManagement #CoastalCulture #SeafoodIndustry #SeaToTable #OceanConservation

The Charm of Cacao Philippine cacao stands out as a national treasure, both in taste and cultural significance. FUN FACT: The Philippines is known for its high-quality cacao beans, ranking among the world's top producers! With beans sought after by chocolatiers globally, Philippine cacao fuels economic prosperity, resulting in exports booming each year. This beloved commodity not only enriches culinary experiences but also empowers local communities, making it a true symbol of Philippine pride and prosperity. 📊 Source: Philippine Statistics Authority. 2021. 2016-2020. Crops Statistics of the Philippines Philippine Statistics Authority. 2021. 2016-2020 Agricultural Indicators System: Agricultural Exports and Imports Philippine Statistics Authority. 2021. 2018-2020. Value of Production in Philippine Agriculture and Fisheries #FOODPhilippines #IFEXConnect #IFEXPhilippines #FOODPH #Food #Foodies #IFEXPhilippines2024 #IFEX2024 #ItsASaluSalo #SaluSalo #CacaoCraze #ChocoholicDelight #BeanToBar #ChocolateBliss #CacaoLove #SustainableCacao #ArtisanChocolate #CacaoCulture #BeanToBonbon #CacaoMagic

What should you expect in the produce exports to Russia in the near future and in the long term #FruitAndVegetableMarket #RussiaTrade #Agriculture #MarketOutlook #EconomicChallenges #InflationImpact #GlobalTrade #EastFruit #Sanctions #Recession #Fruits #Vegetables #Agriculture #Egypt #Uzbekistan #Georgia https://lnkd.in/d7pc5yZn

(CHINA/HUNGARY 14.05.24) #cherries Fresh Hungarian Cherries Granted China Market Access. During Chinese President Xi Jinping's state visit to Hungary from May 8 to 10, multiple cooperation agreements were signed to enhance economic and cultural ties. One such agreement allows for the import of fresh Hungarian cherries into China, provided they meet specific phytosanitary requirements https://lnkd.in/en4Jazx2 . Hungary, a significant cherry producer in Europe, mainly focuses on sour cherries, producing around 10,000 metric tons of sweet cherries annually. With Hungary's cherry season in progress, its cherries are primarily exported to neighboring countries. To export cherries to China, orchards must adhere to good agricultural practices, integrated pest management techniques, and proper hygiene standards in packing facilities. Cherries must undergo washing, sorting, grading, and damaged fruits removal, ensuring shipments are free from pests and rot. Cherries must also receive cold treatment, either before shipment or in transit. https://lnkd.in/eSmtWxJZ

The presence of the False Codling Moth (FCM) poses a significant risk to our sector, which stands as the country's second-largest foreign exchange earner after coffee. Recent data highlights that our industry was expected to generate $600 million USD from exported flower products in the 2022/23 fiscal year. However, with the emergence of FCM, these projections are under threat. Ethiopia holds a pivotal role alongside Kenya, Ecuador, Vietnam, and the Netherlands as a major supplier of flower products to the European market. It's crucial for us to come together, strategize, and take necessary measures to protect the future of our industry. For more information, click here: https://lnkd.in/dArewdTe #Ethiopia #FlowerIndustry #horticulture #logistics #EconomicChallenges

🐟Seasonal Dynamics of Heavy Metal Concentrations in Water and Fish from Hakaluki Haor of Bangladesh 👉https://lnkd.in/g4dxDj5G Keywords: seasonal dynamics; #HEAVYMETAL ; Hakaluki haor; #Bangladesh 🧐Abstract: Food safety is currently a serious concern due to the health risks associated with food intake, particularly due to heavy metal contamination. Therefore, the present study was conducted to investigate the heavy metals concentration in water and fishes collected from Hakaluki haor, Bangladesh. Three important fish species, Labeo rohita, Cirrhinus cirrhosis, and Labeo calbasu, together with water samples, were analyzed for heavy metals (Pb, Cr, and Cd), respectively. Considering four seasons, namely the monsoon, post-monsoon, winter, and pre-monsoon, a total of 72 fish samples were collected from three fishing stations from June 2017 to May 2018. The results showed that the total mean concentration of metals in water (mg L−1) was found to be in the order of Pb (0.125 ± 0.058) > Cr (0.026 ± 0.012) > Cd (0.001 ± 0.0002) within the maximum permissible limits set by the EU and WHO, except for Pb concentrations. Similarly, the total mean concentrations of Pb in fish (µg g−1) were found in order of L. rohita (0.388 ± 0.291) > Cirrhinus cirrhosus (0.334 ± 0.236) > L. calbasu (0.251 ± 0.117) greater than the maximum permissible limits (0.3 µg g−1) set by FIQC, except for L. calbasu. However, the mean concentrations of Cr and Cd in fish were found to be below the maximum permissible limits of FAO and FIQC, respectively. The quantity of heavy metal contamination in this haor indicates that the situation is worrying for the region’s biota and residents. However, to protect public health and reduce environmental risk, the appropriate authorities should oversee and monitor it with strong hands.