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Update news catfish export
Vietnam’s catfish exports earned US$2.06 billion in the past 10 months. The Mekong Delta’s farmers have made good profits, while catfish processors and exporters have earned high revenue.
The world witnessed the cruelty of the Covid pandemic in the past two year. During this time many businesses went bankrupt. In that situation, IDI turned "danger" into "opportunity" by making bold decisions, showing its resilience.
Vietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed.
After a period of difficulty in key export markets, Vietnam’s exports of pangasius catfish have recovered and grown strongly in the early months of 2022.
NTSF Seafoods, a Vietnamese exporter of frozen fish fillets, enjoys a zero anti-dumping duty when exporting pangasius to the US market in the 17th review of the US Department of Commerce.
Pangasius export turnover in August 2021 decreased by 28.5 percent over the same period, it is expected to continue falling 30 percent year on year in September.
The price of tra (pangasius) fish has experienced one fluctuation after another. This year is forecast to be a recovery time for the fish.
Turning away from the uphill battle in exports due to COVID-19, tra fish producers have set an eye on the domestic market.
The ministry said Vietnam welcome the FSIS’s involvement to ensure Vietnamese tra fish hold up to the strictest of safety and quality standards.
Vietnam’s economy has been better off over the last three years with exports growing rapidly.
VietNamNet Bridge – The rapid-fire bad news has come recently, leading to the pessimistic forecasts about the future of the Vietnam’s catfish industry.
VietNamNet Bridge – Vietnamese seafood companies have been worried to death about the new required technical standards imposed by the US which will bar the way for Vietnam’s catfish to penetrate the US market.
VietNamNet Bridge – The Vietnam Association of Seafood Exporters and Producers (VASEP) has proposed the government to set catfish farming quotas, which it believes would help save the catfish industry.
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