FMC assigned a delegation to attend Tutto Food Expo from 6 to 9 of May, 2019 in Milano, Italia. Tutto Food is the third biggest global food expo. With the support from Italian Chamber of Commerce in Vietnam, Vietnam had 4 booths represented for the 4 industries.
FMC’s booth was complimented for its pretty good decoration. There were many visitors coming to learn about our vegetable and shrimp products, and most of them were interested processed shrimp, paprika, zucchini, and Kakiage. Initial relationships were established to proceed to further cooperation in the forthcoming time.  

FMC’s delegation attended the BRUSSELS SEAFOOD EXPO 2019 taken place from 7 to 9 of May, 2019 in Brussels – the capital of Belgium.

This year, the expo was rather crowded with 8 halls full of pavilions and visitors. Many visitors were interested in Vietnam’s seafood, but price was being a concern because of the competition pressure from ample supply sources of India and Ecuador with cheap prices.

At the expo, FMC met its partners to discuss for long term plans especially expanding breaded shrimp business, and we also agreed on a 322 MT contract with a big customer.

In general, this was a successful trip of FMC.

This early morning – Vietnam time zone, US Department of Commerce (DOC) published the preliminary result of the thirteen administrative review (POR13) of anti-dumping duty case subject to exported shrimp from Vietnam to US. In concrete, the margin 0% was granted to the two mandatory respondents including Sao Ta Foods Joint Stock Company and Nha Trang Seafood, and the margin was also granted to about thirty other respondents involved in the case.

That was good news for proving that the provided data of Vietnam’s companies had been reviewed adequately, and it would be a basis to achieve the lowest margin in the final decision of DOC. With this margin, importers would be more confident to continue consuming shrimp products of Vietnam.  

FMC processed 827 MT of shrimp products in June of 2013 gained $ 7.9 millions in total volume of sales. This brings total turnover of the first six months to $ 35.7 millions equivalent to 108.5 % of the same period last year. Among them, shrimp products occupy 107.8% in sales while vegetable products take a 131.6%.  
Take a look at shrimp farming: up to June 30, 2013, FMC had harvested 140 MT of shrimps farmed in Vinh Tan Farm. All of them were sent to FMC’s facility for processing. Shrimp farming operation is generally good.