Vietnams cuttlefish, octopus export to grow this year
The Dollar Business Bureau Vietnam’s cuttlefish and octopus exports are slated to grow by 4% to reach $470 million in 2017, the Vit Nam Association of Seafood Producers and Exporters (VASEP) said. According to Trng ình Hòe, general secretary, VASEP , Vietnam’s cuttlefish and octopus exports in 2016 stood at $440 million, registering an annual growth of 3%. The outbound shipments of frozen cuttlefish contributed 34%, while exports of octopus contributed 32% of the country’s total exports. The remaining 34% shares were made up by processed and dried products. Last year, South Korea, Japan and the European Union (EU) remained the largest import markets for Vietnam’s cuttlefish and octopus exports. There was a significant rebound in the overall demand in Japan and other major markets. ...
Europes sluggish buying hits Indian octopus exports
The Dollar Business Bureau India could not encash 93 percent increase in availability of octopus in 2015-16, when compared to the previous year. This is mainly due to the sluggish demand in the European markets and stiff competition from the countries of South-East Asia. More than 11,409 tonnes of octopus were caught in Indian sea shores in 2015-16, as per the data from the Central Marine Fisheries Research Institute (CMFRI). The domestic market for octopus is very less, and majority of its stock needs to be exported to other countries. Indian octopus’ exports account over Rs.200 crore in a year, mostly found in between August and November. Bimaldas, Partner of Emerald Exports and Imports said that the Europe’s purchasing capacity has come down. ...
