Latest News about catfish
As of mid-September, basa harvesting is estimated at 932,000 tonnes, only 81.1 per cent of the same period last year.
The US Department of Commerce (DOC) has announced the final results of the 16th period of review (POR16) for the period from August 1, 2018 to July 31, 2019, regarding Vietnam’s tra and basa fish (pangasius) exported to the US.
Tra (pangasius) fish prices have dropped to their lowest levels in 11 years since exports have been hit by Covid-19, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Catfish products can bring export turnover of $2 billion a year, but, surprisingly, the fish has not been favored in the home market.
Analysts believe that Vietnam’s seafood industry will face difficulties until the end of June.
The UN Food and Agriculture Organization (FAO) predicts that the total catfish output in the world will reach 3 million tons in 2020, of which 50 percent is from Vietnam.
Catfish exports to China dropped by half in the first two months of the year in comparison with the same period last year, resulting in a 32 percent decrease in total export turnover for the entire seafood industry.
Seafood companies have vowed to bring catfish to Vietnamese dining tables after their success in the world market.
This year is believed to be a brighter year for the domestic tra fish industry with exports inching up in the first quarter, according to an official from the Vietnam Pangasius Association.
Meeting barriers in foreign markets, catfish processing companies have decided to exploit the domestic market.
As tra fish export has been on the decline in recent years due to a rise in trade protectionism in large traditional markets such as the US, Vietnamese firms are looking to bring the fish back home.
Vietnam’s catfish exports have seen a sharp decline because of trade barriers and price fluctuations in the world market.
A series of problems are affecting Vietnam’s catfish industry, including a sharp fall in catfish material price and decrease in breeder quality. The industry has lost its monopoly. On the world market.
Vietnam’s export of tra fish is forecast to reach US$2.06 billion this year, decreasing by 9 per cent year-on-year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam is no longer the only catfish producer and exporter in the world and now has to compete with many rivals, including Indonesia, India and China.
The Food Safety and Inspection Service (FSIS) under the US Department of Agriculture (USDA) has recognised Vietnam as a country eligible to export Siluriformes fish (catfish, including tra fish) and fish products to the US.
The domestic catfish price has fallen to a 2-year low, while Vietnam’s shrimp now has to compete fiercely in prices with rivals, including Thailand and India.
Vietnam’s export of aquatic products in July showed positive signs with an increase of 9 per cent year-on-year, particularly with exports of shrimp and other products rising, except for pangasius.