Vietnam shrimp sales to US rose
September 20, 2016
In Jan-Jul 2016, Vietnam shrimp exports to the U.S. reported the continuous growth except for the slight reduction of 1.5% in June; sales in Feb saw the sharpest growth of 52.3% from Feb 2015; sales in Jul saw the highest value in Jan-Jul 2016.
After the reduction in June, Vietnam’s shrimp sales to the U.S. in July rose by 29.4% to US$65.9 million. The figure in Jan-Jul this year reached US$364.8 million, up 16.3% year on year.
The U.S. remained the growth in importing shrimp from Vietnam thanks to its higher demand for shrimp while other suppliers to the U.S. like India, Indonesia, Ecuador, Thailand saw the decline in shrimp production, leading to the rise in export price. Demand for black tiger shrimp from the U.S. rose while the harvest production of this species in India and Indonesia fell. Currently, the restaurants and retailers in the U.S are launching trade promotion program in order to boost domestic consumers’ shrimp consumption.
Raising black tiger imports from Vietnam
In the early 2015, the U.S. tend to raise importing black tiger shrimp from Vietnam. In Jan-May 2015, the proportion of black tiger exported from Vietnam to the U.S. was 24% and 69% for white leg shrimp sales. In Jan-May 2016, the share of black tiger was 27% and 70% for white leg shrimp.
Through June 2016, shrimp imports into the U.S. reached 264,772 MT, worth by US$2.4 billion, down 1% in volume and 8% in value from the same period of last year. Indonesia took the lead with the share of 22.5%; followed by India and Thailand with 21.2% and 13.2%, respectively. Vietnam ranked the fourth with 12.2%.
Out of top 5 largest shrimp suppliers to the U.S.; only Vietnam raised volume of 9% and value of 1% of shrimp exported to the U.S. Shrimp exports from Ecuador to the U.S. reported the sharpest decline of 18% in volume and 17% in value. The U.S. tend to reduce importing from Ecuador and raised importing from Asian suppliers like Vietnam, India, Thailand, China because these suppliers can meet the U.S.’s demand of shrimp skewers with reasonable price.
Forecast
The U.S.’s economy showed many positive signs like lower unemployment rate, low gas price, boosting consumers’ spending. Demand for peeled shrimp of restaurant chains in the U.S. are surging. It is expected that shrimp demand for year-end festivals in the U.S. will continue to rise.
| Shrimp imports into the U.S., Jan-Jun 2016 | ||||||
| Suppliers | Volume (MT) | Value (thousand US$) | ||||
| Jan-Jun 2015 | Jan-Jun 2016 | Variations (%) | Jan-Jun 2015 | Jan-Jun 2016 | Variations (%) | |
| World | 268,068 | 264,772 | -1 | 2,624,109 | 2,402,108 | -8 |
| Indonesia | 59,045 | 58,509 | -1 | 599,237 | 542,566 | -9 |
| India | 55,225 | 54,126 | -2 | 551,291 | 511,615 | -7 |
| Thailand | 31,135 | 33,605 | 8 | 339,611 | 318,627 | -6 |
| Vietnam | 25,109 | 27,424 | 9 | 292,319 | 295,160 | 1 |
| Ecuador | 45,065 | 37,176 | -18 | 341,336 | 283,263 | -17 |
Source: seafood.vasep.com.vn
Fierce battle in dairy market anticipated
VietNamNet Bridge – The dairy market is expected to become hot as more free trade agreements (FTAs) take effect, bringing more foreign producers to the Vietnamese market.
Analysts say powdered milk is now a playing field for foreign producers, who hold 70 percent of the market share. The liquid milk market segment is led by Vinamilk, a Vietnamese producer which holds 50 percent of market share.
Pham Thi Kim Oanh, director of DFB Hanco Nutrition, said that 3 percent milk material tax cut would have no significance to producers, but 7-10 percent tax cut on finished products will attract foreign firms.
Euromonitor, a market analysis firm, commented that the ‘heat from FTA has caused Vietnamese enterprises to transpire’. The production cost of dairy products in Vietnam is $1.4 per liter, which is higher than $1.2 per liter in New Zealand and Australia. Vietnamese dairy producers would find it difficult to compete with imported products once the import tariff is removed.
Meanwhile, according to Bloomberg, New Zealand’s dairy industry would be able to save $102 million a year once TPP (Trans Pacific Partnership) Agreement takes effect thanks to the tax cuts.
However, analysts think the Vietnamese dairy market, with high annual growth rate of 17 percent in 2011-2015, is large enough for Vietnamese producers to find advantages and compete with imports.
Increasing the investments in liquid dairy products is the choice of the majority of Vietnamese producers, who dare not enter the powdered milk market segment as it is impossible to overthrow foreign producers.
Analysts commented that fresh milk is the ‘cure-all’ for Vietnamese enterprises.
Vietnamese enterprises still have reason to be optimistic. The prospects of the dairy industry in Vietnam are bright because of the high population, increasingly high income per capita and improved living standards.
Analysts estimated that the industry would see an annual growth rate of 9 percent in the time to come with average consumption level of 27-28 liters per head per annum by 2020.
Since liquid products are the only ‘weapon’ for Vietnamese enterprises, they have been trying their best to develop herds of milk cows. Most dairy producers now develop farming to take initiative in the material supply.
However, dairy producers have been warned about risks with their current farming model. Some agricultural experts from Israel said that the farming method followed in Vietnam (breeding in cages) may increase farming costs by four times more than grazing.
In Vietnam, fresh raw material milk is collected for VND13,000 per liter on average. The price is just VND8,000 in Australia, New Zealand and Ireland.
Australia considers import of Vietnam fresh shrimp
VNA Wednesday, September 14, 2016
Processing shrimps for exports (Photo: VNA)
Sydney (VNA) – Australia is willing to consider the import of fresh shrim
p from Vietnam, which is expected to start in early 2017.
The Australian Department of Agriculture and Water Resources expressed the willingness at a working session with Vietnamese Deputy Minister of Agriculture and Rural Development Vu Van Tam during his working visit to Australia from September 8-10.
This constitutes a brilliant opportunity for the shrimp sector as shrimp is consumed most among seafood products in Australia with up to 50,000-60,000 tonnes per year.
As such, Australia must import an average of 30,000 tonnes of shrimp each year. However, strict regulations, especially those on disease control and biological safety, make it difficult for Vietnamese shrimp to enter the market.
Director of Animal Health Department under the Ministry of Agriculture and Rural Development Pham Van Dong said the department has built an action plan on disease control in order to ensure no disease-plagued shrimp is present in Australia.
In recent year, seafood diseases have been put under control thanks to the Government’s investment in human resources and testing equipment, he said, adding that Vietnam is capable of meeting Australia’s requirements on fresh shrimp exports.
Deputy Managing Director of the Vietnam – Australia Group Dang Quoc Tuan stressed the importance of ensuring biological safety in the production value chain to trace the origin of the product.
Therefore, the group has cooperated with leading national and global universities and institutes to establish the Standard Operating Procedure (SOP) to ensure maximum biological safety, he said, adding that the post-examination procedure also receives special attention.
To satisfy the Australian market’s requirements, businesses need appropriate investment and professional management to develop a national brand name for Vietnamese shrimp, thus promoting its value, he suggested.
The Vietnam-Australia Group also pays heed to controlling diseases in separate stages of production while conducting daily, weekly and monthly inspections, he noted.
He expressed his confidence that the group will have an opportunity to export fresh shrimp to Australia in the coming time after Australian competent agencies come to Vietnam for evaluation and testing in the fourth quarter of 2016.
Australia is ranking fourth among countries with high demand for shrimp imports from Vietnam, he said.
That Vietnam could become the first exporter of fresh shrimp to Australia will help businesses increase exports to other markets as Australia is one of the countries with high requirements on biological safety as well as food hygiene and safety, he added.-VNA
Source: http://en.vietnamplus.vn
Agricultural Vietnam relies on imports to feed livestock sector
September 6, 2016
“Vietnam is an agricultural nation, but feed for pigs and chickens must be imported.”
During the first seven months of this year, Vietnam spent $1.8 billion on animal feed imports, the equivalent of 40 percent of the country’s revenue from rice exports, data from Vietnam Customs showed. That figure hit $2 billion in August, and shows no signs of slowing. The United States Department of Agriculture (USAD) forecasts that nearly half of Vietnam’s animal feed will be imported this year.
In recent years, approximately 45 percent of Vietnam’s demand for animal feed has been met by imports of soybean meal, corn and wheat. Local sources mostly provide bran rice and cassava.
“Vietnam is an agricultural nation, but feed for pigs and chickens must be imported,” said Le Ba Lich, chairman of the Vietnam Breeding Association..
Most of Vietnam’s imported animal feed comes from Argentina, accounting for 45 percent of the total value, followed by China and the U.S.
Vietnam has been looking to expand its corn and soybean plantations to minimize its reliance on imports since 2015. In March 2015, the country’s Ministry of Agriculture and Rural Development approved three genetically modified corn varieties for commercial planting, which were then planted a month later, making Vietnam the 29th country in the world to commercialize a biotech crop. However, local corn production still faces challenges from competitive prices offered by India, Argentina and Brazil.
Experts said that Vietnam does not have the best conditions for cultivating animal feed crops like corn, wheat and soybean, and emphasized that Vietnam’s livestock sector is facing many challenges due to market competition in the context of international integration.
Source: www.talkvietnam.com
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Intelligence Isn’t Black-and-White: There Are 8 Different Kinds
What does it mean when someone calls you smart or intelligent? According to developmental psychologist Howard Gardner, it could mean one of eight things. In this video interview, Dr. Gardner addresses his eight classifications for intelligence: writing, mathematics, music, spatial, kinesthetic, interpersonal, and intrapersonal.
Intelligence Isn’t Black-and-White: There Are 8 Different Kinds
What does it mean when someone calls you smart or intelligent? According to developmental psychologist Howard Gardner, it could mean one of eight things. In this video interview, Dr. Gardner addresses his eight classifications for intelligence: writing, mathematics, music, spatial, kinesthetic, interpersonal, and intrapersonal.
MEDIA RELEASE Red meat industry welcomes ChAFTA entry into force
The Australian red meat and livestock industry has welcomed the news that the China-Australia Free Trade Agreement (ChAFTA) will enter into force (EIF) on 20 December 2015.
EIF of ChAFTA will see the first tariff cuts delivered across all red meat and livestock tariff lines – with the second tariff cuts due on 1 January 2016 (see table below).
“The quick succession of initial tariff cuts will greatly improve the competitiveness of Australian product – particularly as sheepmeat products from New Zealand will be duty free from 1 January 2016, and other beef suppliers have recently secured improved access,” Chairman of the Australian Red Meat ChAFTA Taskforce David Larkin said.
The current tariffs imposed on Australian beef, sheepmeat and co-products exported to China represent an annual tax on the supply chain in excess of $800 million. The gradual removal of this cost burden will positively impact the profitability of Australian cattle and sheep producers, processors and exporters, as well as alleviate the inflated prices paid for Australian red meat and associated products by Chinese customers and consumers.
Once fully implemented ChAFTA has the potential to boost the gross value of beef production by $270 million annually by 2024. Out to 2030, the total benefits for beef will approach $3.3 billion. For the sheepmeat sector, the potential benefits are more than $150 million each year by 2024 – with the value over the next 16 years being in excess of $1.8 billion.
As China is also a destination for nearly 90% of Australia’s sheepskin exports and 80% of cattle hides, elimination of these tariffs, as well as those on offal, will add $436 million a year by 2024 across both beef and sheepmeat – and out to 2030, these benefits could total $6 billion.
Mr Larkin thanked the Minister for Trade and Investment, DFAT officials in Canberra and the Australian Embassy in Beijing for their combined efforts in achieving entry into force of the ChAFTA prior to the end of 2015.
“The benefits flowing from ChAFTA will add significant value to the Australian red meat and livestock industry and complement the gains derived from the other FTAs Australia has concluded to date,” Mr Larkin said.
Indicative ChAFTA tariff reductions
| Current tariff (%) | 21 Dec 2015 | 1 Jan 2016 | 1 Jan 2017 | 1 Jan 2018 | 1 Jan 2019 | 1 Jan 2020 | 1 Jan 2021 | 1 Jan 2022 | 1 Jan 2023 | 1 Jan 2024 | |
| Live animals | 10 | 8 | 6 | 4 | 2 | 0 | – | – | – | – | – |
| Beef | 12 | 10.8 | 9.6 | 8.4 | 7.2 | 6 | 4.8 | 3.6 | 2.4 | 1.2 | 0 |
| Sheepmeat | 15 | 13.3 | 11.7 | 10 | 8.3 | 6.7 | 5 | 3.3 | 1.7 | 0 | – |
| Offal | 12 | 10.5 | 9 | 7.5 | 6 | 4.5 | 3 | 1.5 | 0 | – | – |
Source: http://dfat.gov.au/trade/agreements/chafta/official-documents/Pages/official-documents.aspx
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China-Australia free trade agreement
Factsheet: Agriculture and Processed Food
China is Australia’s largest agriculture, forestry and fisheries export market, worth $8 billion in 2014, up from $5 billion in 2010.
China’s demand for high-quality agriculture and food products is growing rapidly. The Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES) predicts that China will account for 43 per cent of global growth in agricultural demand by 2050.
Until now, the absence of a bilateral FTA with China has meant Australian producers and exporters have faced significant tariffs on agricultural products and have been at a competitive disadvantage to countries that have an FTA with China – including New Zealand, Chile and ASEAN. The China-Australia Free Trade Agreement (ChAFTA) addresses this issue, and also gives Australia a significant advantage over larger players, such as the US, EU and Canada.
ChAFTA will also provide a base for further liberalisation through a commitment to review outcomes three years after entry into force.
Key Outcomes
Beef
China’s demand for high-quality beef is growing rapidly, driven by a growing middle class. The OECD assesses that beef will be the fastest-growing import sector in China.
In 2014 Australian beef exports to China totalled 128,000 tonnes, worth $655 million.
Australia – already China’s dominant supplier with 50 per cent of the import market and with an outstanding reputation for quality – will be ideally placed to capitalise on this growing demand, with ChAFTA delivering a real competitive advantage over other large beef exporters.
Key outcomes include:
Elimination of tariffs on beef imports (currently ranging from 12-25 per cent) within 9 years.
Elimination of the 12 per cent tariff on beef offal within 4-7 years.
China has retained the right to apply a discretionary safeguard on beef (not including offal) if imports exceed a set annual “safeguard” trigger volume. The trigger starts at 170,000 tonnes – 10 per cent above Australia’s historic calendar year peak export levels to China – and grows over time. There is also a set review process to consider removal of the safeguard.
Dairy
China is Australia’s second largest market for dairy exports. This market is expanding rapidly with exports worth $347 million in 2014. Australia’s main competitors are New Zealand, the EU and the US. Currently, New Zealand’s dairy produce receives a considerable tariff advantage under its bilateral FTA with China.
ChAFTA will progressively close this gap; tariffs will be progressively eliminated across all dairy products.
Crucially, New Zealand’s FTA with China contains restrictive safeguard measures on a wide range of dairy products, including liquid milk, cheese, butter and all milk powders (where China raises the tariff back to the higher normal rate when New Zealand exports exceed a certain volume). By contrast, under ChAFTA, Australia will only face a discretionary safeguard on whole milk powders, with the safeguard trigger volume set well above current trade levels and indexed to grow annually. For all other dairy products, Australia will receive unlimited preferential access.
Key outcomes under ChAFTA include:
Elimination of the 15 per cent tariff on infant formula within 4 years.
Elimination of the 10 – 19 per cent tariff on ice cream, lactose, casein and milk albumins within 4 years.
Elimination of the 15 per cent tariff on liquid milk within 9 years.
Elimination of the 10 to 15 per cent tariff on cheese, butter and yogurt within 9 years.
Elimination of the 10 per cent tariff on milk powders within 11 years.
Sheep and goat meat
China’s demand for sheepmeat is also growing rapidly. In 2014, total Chinese imports of sheepmeat reached 281,000 tonnes, up from 124,000 tonnes in 2012. New Zealand has traditionally been China’s largest supplier and enjoys a competitive advantage over Australian exporters due to its FTA. New Zealand lamb now only faces tariffs ranging from 2.7 – 5.1 per cent and will be duty-free by 2016.
In 2014, Australian exports to China were worth $425 million (108,000 tonnes), up 10 per cent on 2013 exports at $385 million. China is already Australia’s second-most important sheepmeat export destination, despite China imposing tariffs ranging from 12 – 23 per cent.
With the progressive elimination of tariffs on sheepmeat, ChAFTA positions Australian farmers to further build trade and increase profitability.
Key outcomes include:
Elimination of the tariffs on sheepmeat (currently ranging from 12 to 23 per cent) within 8 years.
Elimination of the 18 per cent tariff on frozen sheepmeat offal within 7 years
Elimination of the 20 per cent tariff on goat meat within 8 years.
Wool
China accounts for 70 per cent of Australia’s wool exports. Australia is China’s largest source of imported wool, with a 63 per cent market share, ahead of New Zealand (14 per cent).
China already provides virtually duty-free access on wool, under a large WTO tariff rate quota of 287,000 tonnes. Tariffs within this quota are set at just 1 per cent. While China has the right to impose a 38 per cent tariff outside the quota, traditionally it has not done this as wool is an important input into domestic manufacturing.
Under ChAFTA, in addition to the existing WTO quota, Australia will receive an exclusive duty-free Country Specific Quota of 30,000 tonnes clean wool (approximately 43,000 tonnes greasy wool). This volume will grow by 5 per cent each year to almost 45,000 tonnes clean (approximately 64,300 tonnes greasy) by 2024, all at duty-free rates. This is the best outcome China has provided in any of its FTAs to date.
Pork
Tariffs of up to 20 per cent on pork eliminated within 4 years.
Hides, skins and leather
Hides and skins are a crucial agricultural export to China worth $910 million in 2014. This is more than ten times our next largest market (Italy). Currently hides and skins face tariffs of 5 to 14 per cent.
Under ChAFTA, all tariffs on hides, skins and leather will be eliminated. Key outcomes include:
Elimination of the 7 per cent tariff on sheep skins over 4 years – exports worth $342 million in 2014.
Elimination of the 5 to 8.4 per cent tariffs on cow hides and skins between 2 and 7 years – imports worth around $518 million.
Elimination of the 9 per cent tariff on kangaroo hides and skins and the 14 per cent tariff on kangaroo leather over 4 years.
Elimination of tariffs between 5 and 14 per cent on a range of other leather products either on day one of the Agreement or over 4 years.
Wine and spirits
China’s wine import market is growing dramatically, almost doubling in size since 2010 to be worth over $1.7 billion in 2014.
China is Australia’s third-largest export market for wine, worth $211 million in 2014. However, Australia competes with New Zealand and Chile, both of which have preferential wine access under their FTAs with China. China’s wine imports from Chile have increased almost seven-fold since its FTA with China entered into force in 2006.
Under ChAFTA, tariffs of 14 to 20 per cent on Australian wine imports will be eliminated within 4 years
Tariffs of up to 65 per cent on other alcoholic beverages and spirits will be eliminated within 4 years.
Horticulture
China is a rapidly growing market for Australian horticultural products, with exports worth $56 million in 2014 – up from $13 million in 2010. However, China applies some of its highest tariffs on horticultural products.
Under ChAFTA, all tariffs on horticultural products will be progressively eliminated. Key outcomes include:
Elimination of the 10 to 25 per cent tariff on macadamia nuts, almonds, walnuts, pistachios and all other nuts within 4 years.
Elimination of the 11 to 30 per cent tariff on oranges, mandarins, lemons and all other citrus fruits within 8 years.
Elimination of the 10 to 30 per cent tariff on all other fruit within 4 years.
Elimination of the 10 to 13 per cent tariff on all fresh vegetables within 4 years.
Separate to the FTA negotiations, Australia already enjoys quarantine access protocols for export into China for many horticultural products, and will be able to take immediate advantage of tariff reductions for a range of products including citrus, grapes, almonds, macadamias, mangoes and some cherries.
There are no changes to Australia’s domestic science and risk-based quarantine measures as a result of ChAFTA.
ChAFTA facilitates customs processing of perishable goods, including horticulture products.
Barley, sorghum and other grains
Australia’s trade to China in barley and sorghum is significant and growing rapidly. In 2014, barley exports were worth more than $1 billion, up more than 330 per cent since 2010, while sorghum exports were worth $264 million. Key outcomes under ChAFTA include:
Immediate elimination of the 3 per cent tariff on barley and 2 per cent tariff on sorghum.
Elimination over 4 years of the 15 per cent tariff on cotton seeds – exports worth $21 million in 2014.
Elimination of the 10 per cent tariff on malt and wheat gluten within 4 years.
Immediate elimination of the 2 per cent tariff on oats, buckwheat, millet and quinoa.
Elimination of tariffs of up to 7 per cent on pulses within 4 years.
Seafood
Australian seafood exports to China totalled $35 million in 2014. Australian abalone and rock lobster are the leading Australian premium seafood exports to China, with exports worth $15 million and $2 million, respectively, in 2014. Tariffs on all Australian seafood exports will be eliminated progressively over 4 years.
ChAFTA will create a huge opportunity for Australian seafood in the Chinese market. Since the China – New Zealand Free Trade Agreement came into force, China’s imports of seafood from New Zealand have quadrupled (to $402 million). Key outcomes under ChAFTA include:
Elimination of the 10-14 per cent tariff on abalone within 4 years.
Elimination of the 15 per cent tariff on rock lobster within 4 years.
Elimination of the 12 per cent tariff on southern bluefin tuna, salmon, trout and swordfish within 4 years.
Elimination of the 14 per cent tariff on crabs, oysters, scallops and mussels within 4 years.
Elimination of the up-to-8 per cent tariffs on prawns within 4 years.
Processed foods
Changing consumption habits and Australia’s reputation for high-quality produce also provide great opportunities in the processed food sector. Key outcomes under ChAFTA include:
Elimination of the 7.5 to 30 per cent tariff on orange juice within 7 years, and elimination of tariffs of up to 30 per cent on other fruit juices within 4 years.
Elimination of the 15 per cent tariff on natural honey, and the up-to-25 per cent tariff on honey-related products, within 4 years.
Elimination of the 15 per cent tariff on pasta within 4 years.
Elimination of the 8 to 10 per cent tariff on chocolate within 4 years.
Elimination of the 15 to 25 per cent tariff on canned tomatoes, peaches, pears and apricots within 4 years.
Elimination of the 15 to 20 per cent tariff on biscuits and cakes within 4 years.
Live animals
China is Australia’s second largest market for live animals, worth $254 million in 2014. It is an important and growing market, with exports doubling from $117 million in 2010. Pure-bred cattle currently dominate Australia’s live animal exports to China, worth $206 million in 2014. Key outcomes under ChAFTA include:
Elimination of all tariffs on live animal exports within four years, including the 10 per cent tariff on live cattle (pure-bred breeding cattle already enter China duty free).
China’s WTO quotas and related products
Under China’s WTO accession protocol, China applies quotas on imports of rice, wheat, maize, sugar and vegetable oils. These are open to all WTO members, including Australia. In-quota tariffs are set at only 1 per cent for wool, rice, wheat, cotton and maize; 8 to 10 per cent for vegetable oils and related products and 15 per cent for sugar. Imports of vegetable oils are no longer administered through a quota.
Australia’s exports of these products enter China under existing WTO arrangements. Arguing that these products are key staples and already enjoy virtually duty-free access, China has not further liberalised these products in any of its FTAs to date. Accordingly, China has not provided preferential access to Australia under ChAFTA.
However China has agreed to a built-in review process three years after the Agreement enters into force, including on market access.
China’s products into Australia
Consistent with all of Australia’s FTAs, Australia will eliminate remaining tariffs on agricultural and processed food imports from China. To allow adjustment by domestic industry, the elimination of some of these tariffs, in particular on a range of canned fruit products and peanuts, will be phased in over 3 years.
