The reason for the decline was the antidumping duty and low demand from main markets, rise in the price of raw pangasius.
In Can Tho city and some provinces of Mekong river delta like An Giang, Dong Thap, Ben Tre, raw pangasius price type 1 (white meat, size 700-900 gram/piece) costed VND22,800 – 23,000/kg, raw pangasius price type 2 costed VND22,000 – 22,500/kg, VND1,000/kg higher than that of the previous month. The rise in raw pangasius price was attributable to lower supply and processors boosted purchasing raw material to meet orders. The price of raw fish is predicted to continue increasing in the next time.
Pangasius exports to the US- the largest market of Vietnam pangasius, accouting for 16.6% of the totals, reached US$19.9 million, declined 40.9% compared to the same period of last year.
In the month, Vietnam pangasius exports to the EU reached US$19.4 million, decreased 22% compared with that of Jan 2016. The EU is the second largest importer, occupying 16.2% of the totals. If exports to the US keeps decreasing, the EU may become the largest market of Vietnam pangasius.
In the first 10 months of 2016, the EU imported Vietnam frozen pangasius fillet with the volume of nearly 80,000 MT, lower than that of the same period of 2015. The import price of this product from Vietnam also decreased. The average import price reached more 2 EUR/kg while it was 2,25 EUR/kg in the same period of 2015.
In Jan 2017, exports pangasius (HS code 03) reached US$118.5 million, accouting for 98.7% of the totals. The sales of pangasius (HS0304) reached US$107.2 million and the rest belonged to live/fresh/frozen/dried pangasius (HS code 03, except for HS0304). The sales of other processed pangasius (HS code 16) only occupied 1.3 % of the totals, reached US$1.5 million.
Written by Ngoc Thuy
According to Vietnam Customs, the export of value-added pangasius in the first eight months of 2024 has been evaluated as quite positive, with continuous growth in many major markets such as the United States, CPTPP, and the Netherlands...
(seafood.vasep.com.vn) The Department of Fisheries of Ca Mau province coordinated with the School of Fisheries under Can Tho University to organize training courses on high-tech shrimp farming for 120 people in processors, cooperatives and families that are raising intensive and super-intensive shrimp in the province.
(seafood.vasep.com.vn) Currently, Soc Trang province plans to expand its shrimp farming area from over 50,000 hectares to 57,000 hectares by 2025, aiming for a production of 233,800 tons and maintaining a $1 billion export value. The project will establish 45 climate-resilient shrimp farming models and ensure all farms meet aquaculture standards for traceability.
(seafood.vasep.com.vn) In July 2024, Vietnam's fish cake and surimi exports declined. The export value reached just over 24 million USD, down 3% over the same period. In the first 7 months of 2024, the cumulative export of this product group reached 152 million USD, down 13%.
(seafood.vasep.com.vn) Dong Thap is a key region for pangasius farming, boasting the largest production in the Mekong Delta. In the first seven months of 2024, the estimated aquaculture area reached 4,778 hectares, with a harvest yield of 307,336 tons. Of this, the intensive pangasius farming area covered 2,042 hectares, with a harvest of 252,670 tons.
(seafood.vasep.com.vn) According to Vietnam Customs, in the first half of August 2024, Vietnam's pangasius exports to the EU reached nearly 8 million USD, up 57% over the same period. Cumulative pangasius exports to this market as of August 15, 2024, reached 107 million USD, up 0.5% over the same period last year.
(seafood.vasep.com.vn) The Board of Directors of International Development & Investment Corporation (IDI) is confident of completing this year's profit plan in the context of gradually recovering demand for pangasius in China and Mexico.
(seafood.vasep.com.vn) Some farmers in Soc Trang province have successfully applied a balanced biological shrimp farming technique, which eliminates the use of chemicals to minimize environmental impacts. This is a model of farming that adapts to climate change.
8 finalists have been named in the best new seafood product competition to be awarded at Seafood Expo Asia, taking place 4 to 6 September at the Sands Expo and Convention Centre in Singapore.
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