(VASEPNews) This year, fishermen have a bumper marine fish harvest in waters along to South Central Region. The high landings provided more raw materials for processing, easing pressure on Bidifisco’s business, according to Cao Thi Kim Loan – Director of Binh Dinh Fishery Joint Stock Company (Bidifisco).
Higher price of ocean tuna pushed more fishermen to go fishing offshore, providing larger supply of raw tuna. So far this year, Bidifisco has earned an export value much higher than the same period last year.
Though the raw tuna supply has been improved, the company still worried about the slowing trend in global markets. Currently, the U.S. and the EU are the most important markets of Bidifisco’s tuna products, but consumption in these countries still showed no positive sign. Many American and European partners said they were unable to buy high volume of fish in current time because fish consumption was so weak in their countries. Moreover, these companies are struggling with financial difficulties, so it is not easy for them in payment.
To compensate losses from its main markets, Bidifisco turned to ship products to new markets. However, the company meets obstacles to enter new destinations because it could not sell fish at high price and had to deal with strict requirements on food quality.
Currently, frozen tuna accounts for 40 – 50 percent in the total export of Bidifisco.
www.bidifisco.com