VIV ASIA 2023 REPORT

VIV Asia 2023 in Bangkok was finally held live after a long hiatus due to Covid-19. The Young Indonesian Shrimp Farmers (Petambak Muda Indonesia/PMI) association decided to join the event to keep up with the latest developments in recent news and technology. The event, which is one of the largest expos in the world for the livestock industry, dedicated about 20% of its booths to accommodate the rising aquaculture sector.

“PMI recognized the importance of attending events like VIV, as they provide opportunities for meeting industry peers and potential business partners,” says the President of PMI, Rizky Darmawan.

VIV had a special section dedicated to aquaculture companies, and PMI representatives met with industry players such as Blue Aqua, DSM, DVAqua, and many others. Besides these companies, many other industry players started to develop their aquaculture product lines to keep up with this rising industry. For instance, France’s Mixscience has been developing a product to combat EHP, while Novation from Spain has been testing their aquaculture solutions in one of the notable shrimp farms in Madura, East Java.

One pressing issue that PMI realized at that event is that the Southeast Asian region has been lagging in shrimp production development compared to India and Ecuador. But luckily, there are efforts underway to revive the shrimp industry in the area, and several events and initiatives are being planned this year to address this issue.

Rizky Darmawan and his fellows, namely Andrew Wijaya and Denny Leonardo, who represented PMI at the VIV Asia 2023, claim that they gained valuable insights into the latest developments in the aquacul- ture industry. However, because of time constraints and the massive size of the exhibition, PMI didn’t have the opportunity to visit any shrimp farms in Thailand.

According to Rizky, this year marked the first time VIV was held post-Covid, and there was an overwhelming interest in attending the event. Participants’ excitement at the event was palpable after being separated for so long due to the pandemic. The event, which is usually held every two years, was finally able to take place this year with great success.

“The expo allowed big companies to showcase their achievements and open large booths to meet with their customer base. Many booths even offered happy hours with food and drinks to attract visitors,” he adds.

Rizky says that although the aquaculture industry is not yet as large or mature as the livestock industry, it still has the potential to become just as important. Therefore, it is not impossible that we can see events as big as VIV in the future, but with a greater focus on aquaculture. The aquaculture industry has enormous potential, and PMI looks forward to seeing its growth and success in the years to come.

VIV Asia Will be Back in 2025

In the three-day event, VIV Asia 2023 successfully facilitated face-to-face interactions, networking, knowledge-sharing, and a lively marketplace for B2B international business (8-10 March 2023).

The VIV press release informs that the event has welcomed 47,527 visitors from 112 countries, maintaining stable attendance and even slightly exceeding the previous edition. Despite the global circumstances and the past three long years of Covid-19 restrictions, the show’s international appeal for the Feed to Food industry remained evident, confirming its significance as a world expo.

“VIV Asia is the first VIV show in 2023, and it represents – and rightfully so – our goal to connect the markets and enhance industry trade both locally and globally,” stated Managing Director of VIV Worldwide, Birgit Horn.

With more than 120 sessions spread over three days, attendees could gain a comprehensive understanding of industry insights, technologies, and best practices. The Aquatic Asia Conference, organized by International Aquafeed of Perendale Publications and VIV, also featured a variety of industry experts with captivating presentations on the latest in fish and shrimp nutrition.

Looking ahead, VIV Asia will return on 12-14 March 2025, carrying on the tradition of providing a premier platform for the animal protein industry to connect, learn, and innovate. VIV Asia will undoubtedly be another landmark event worldwide, with a solid commitment to delivering a top-quality trade show and knowledge programs.

THE CRUST - AB, UTE, RIZKY

VIV Asia 2023 in Bangkok was finally after a long hiatus due to Covid-19. The Young donesian Shrimp Farmers (Petambak Muda nesia/PMI) association decided to join the to keep up with the latest developments news and technology. The event, which is one largest expos in the world for the livestock try, dedicated about 20% of its booths to accommo

“PMI recognized the importance of events like VIV, as they provide opportunities meeting industry peers and potential partners,” says the President of PMI, Rizky

VIV had a special section dedicated to ture companies, and PMI representatives industry players such as Blue Aqua, DSM, and many others. Besides these companies, other industry players started to develop aquaculture product lines to keep up with ing industry. For instance, France’s Mixscience been developing a product to combat EHP, Novation from Spain has been testing their culture solutions in one of the notable

One pressing issue that PMI realized event is that the Southeast Asian region lagging in shrimp production development pared to India and Ecuador. But luckily, efforts underway to revive the shrimp industry the area, and several events and initiatives ing planned this year to address this issue.

Rizky Darmawan and his fellows, namely drew Wijaya and Denny Leonardo, who represent ed PMI at the VIV Asia 2023, claim that they valuable insights into the latest developments the aquaculture industry. However, because constraints and the massive size of the exhibition, PMI didn’t have the opportunity to visit any

According to Rizky, this year marked time VIV was held post-Covid, and there overwhelming interest in attending the event. ticipants’ excitement at the event was palpable ter being separated for so long due to the ic. The event, which is usually held every two was finally able to take place this year with

“The expo allowed big companies to showcase their achievements and open large booths with their customer base. Many booths fered happy hours with food and drinks

Rizky says that although the aquaculture dustry is not yet as large or mature as the industry, it still has the potential to become important. Therefore, it is not impossible can see events as big as VIV in the future, but greater focus on aquaculture. The aquaculture dustry has enormous potential, and PMI looks ward to seeing its growth and success in

In the three-day event, VIV Asia 2023 fully facilitated face-to-face interactions, ing, knowledge-sharing, and a lively marketplace for B2B international business (8-10 March The VIV press release informs that the event

Seafood Expo North America is always a good time. Customers, suppliers, partners & old friends come around to catch up, discuss what’s new in the industry & try to chart a course ahead for the year. The big question on everyone’s minds this year is “What is in it for shrimp?” It is no secret that the last 6 months have been a miserable one for shrimp. Increased production from Ecuador & India combined with weak demand has mean that there is a glut of shrimp out there.

One interesting thing is that the market fell so fast that importers HAD to continue buying or they would be left with absurdly priced inventory. EZP 16/20 was trading at USD5.305.50/lb before June 2022. By August, it was at 3.70. Any importer who did not continue to buy would be facing massive losses. Is this a good thing? The only thing for sure is that there is a lot of shrimp around.

The trouble is the volatility on the smaller sizes which come into the market much faster than the big. Prices have somewhat stabilised in the US so importers with smaller sizes in inventory should not lose too much money (assuming they planned their purchasing well). Larger sizes only came into play very recently out of Ecuador so prices did not move downward so much in the past 3­4 months & every firmed up a little.

Something the rest of the world might want to take notice on is the fact that in January 2023, Indian & Indonesian exports of shrimp to the US DECREASED by 17­19%

While Ecuadorian exports to the US INCREASED by 17% over the same period. Who’s going to eat all this shrimp?

Americans on average consume 5 pounds of shrimp per year. Even if we increase this by 20%, 1 pound per American, that is only about 160,000MT of finished product extra. About 10% of Ecuadors projected production yearly.

The industry needs to keep a watch on their production numbers. For now, China seems to be buying consistently. If anything happens to that market we are in some serious trouble.