In current circumstance of increasing fuel price and declined fish stocks, fish vessels stayed at ports due to unprofitable operation. Raw material supplies for processing become scare.
To keep operating and developing, Thuan Phuoc Corp has changed its exported product structure since beginning of June. Under the new structure, marine products only take nearly 10% in the total exports.
Value added seafood products including sushi shrimp, cooked shrimp represent an important part in the company’s export and mostly exported to EU, taking 34% of the total exports and Japan (32%), US (8%).
Until the end of June, Thuan Phuoc Corp seafood exports reached $ 16.8 million, up 26% over the same period of last year. Value added shrimp products account for 90% of its total exports.