(vasep.com.vn) In the first half of 2012, monthly export volume of TG Fishery Holdings Corporation (TG Corp) reached 600 – 650 MT of finished pangasius products. As of July 2012, the company sped up exporting and reached over 1,000 MT and export in August and September reached over 1,800 MT of finished pangasius products.
In the third quarter of the year, TG corp processed 70 MT of raw pangasius per day. The company runs its own fish farm for an annual output of 10,000 – 12,000 MT of fish, satisfying 50 percent of raw material supply for its processing activity to export. Pangasius fingerlings are well controlled and selected to stock.
TG Corp’s fish products were largely sold to Canada and Mexico in which Canada’s panga import made up 50 percent of the company’s export. Imported fish from Vietnam is strictly tested for antibiotic residues by Canadian authorities, but TG Corp still kept constant export to the market. Canada imposes the allowable level of 1.0 ppb for Enrofloxacin residues in seafood products, which is much higher than that regulated by other countries like the U.S., Japan and the EU. Therefore, only a few exporters can satisfy requirements to export their pangasius products into the market. To keep export to this main market, TG Corp has intensified antibiotic control in all steps from panga fingerling breeding, fish farming to fish processing. Moreover, it weekly sent samples of finished products to Canada for antibiotic testing, in which 95 percent pass the test.
Mexico imported 15 percent of the company’s total pangasius export at lower price than those paid by buyers from Canada, but higher than those by European market due to European economic downturn.
Among the EU countries, TG corp mainly shipped fish to Germany, Spain and the Netherlands. However, Spain and the Netherlands’ imports are slowing down, and German importers bought fish with limited volume but higher price than two the other markets.
Hong Kong was also partner of the company.