Pangasius

(seafood.vasep.com.vn) In February 2024, the average export price of Vietnamese pangasius to markets increased by 4%, although the volume decreased by 40% compared to the previous month.

(seafood.vasep.com.vn) There was a 6% decline in Vietnam's pangasius exports to Brazil in February 2024 compared to the same period in 2023, with the total value reaching 6 million USD.

(vasep.com.vn) Vinh Hoan Corporation has just announced supplementary documents for the 2024 Annual General Meeting of Shareholders, scheduled to be held on April 17.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in January 2024, Vietnamese pangasius exports to Germany decreased by 30% compared to last year and reached only nearly 2 million USD.

(seafood.vasep.com.vn) In February 2024, Vietnam pangasius exports to China and Hong Kong decreased by 65% compared to February 2023, reaching 23 million USD.

(seafood.vasep.com.vn) According to data from Vietnam Customs, in February 2024, pangasius export turnover reached more than 90 million USD, down 42% compared to the same period last year.

(seafood.vasep.com.vn) The US Department of Commerce (DOC) recently announced the final results of the 19th anti-dumping tax review (POR19) on frozen pangasius fillets in the United States. Vietnam exports to the United States in the period from August 1, 2021, to July 31, 2022; accordingly, six Vietnamese pangasius export enterprises enjoy low anti-dumping tax rates.

(seafood.vasep.com.vn) Vietnam's pangasius exports in the first month of 2024 receive a "wave" of growth to most main markets.

(seafood.vasep.com.vn) Brazil has officially stopped importing tilapia products from Vietnam since 14 Feb 2024, according to Decision No. 270 dated 09/02/2024 by the Secretariat of Animal and Plant Health and Inspection, Ministry of Agriculture and Food Supply (MAPA). This decision does not affect Vietnamese businesses too much. However, this can be seen as an initial barrier for Vietnamese tilapia products, and could lead to other seafood products in the Brazilian market.

(seafood.vasep.com.vn) Entering 2024, Vinh Hoan Corp showed signs of improvement right from the beginning of the year when it reached a revenue of 921 billion VND, an increase of 102% over the same period last year. Vinh Hoan Joint Stock Company (MCCK: VHC) has just announced its business results for January 2024, with revenue reaching 921 billion VND, an increase of 102% over the same period last year and an increase of 13% compared to December 2023. This is also the highest result in the past 8 months.

(seafood.vasep.com.vn) On the afternoon of February 26, 2024, most stock trading codes of pangasius exporting enterprises increased to the ceiling (purple code, up 7% of frame rate), and at the end of the session, they adjusted to decrease slightly (+6.9–6.95%). The group of seafood stocks on the afternoon of February 26, 2024, became the focus of the market when a series of stocks increased at full amplitude, such as VHC, ANV, and ASM, and a series of other stocks also increased very well. This good news is considered a positive signal after Vietnam's pangasius export turnover to markets recorded record positive growth over the same period.

(seafood.vasep.com.vn) After the Lunar New Year, commercial pangasius production increased, prices increased. Many farmers take advantage of harvesting farming ponds to sell for high profits.

(seafood.vasep.com.vn) Vietnam tilapia exports in 2023 reached more than 6 million USD, down 42% compared to 2022.

(seafood.vasep.com.vn) In 2023, Vietnam's pangasius exports reached 1.8 billion USD, down 25% compared to 2022. In 2023, Vietnam's pangasius exports faced many difficulties because demand declined, especially in the European and Chinese markets. However, in the last months of 2023, exports recorded positive growth, which is a positive signal for the industry in 2024.

(seafood.vasep.com.vn) According to data from Vietnam Customs, Vietnamese pangasius exports in 2023 have reached more than 1.8 billion USD, down 25% compared to 2022.


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