Latest News about catfish
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.
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.
Catfish exports have been unsatisfactory recently. Sales to China and the US have been decreasing since the beginning of the year.
Prices of tra fish have dropped to the lowest level in 10 years due to export difficulties, according to the Ministry of Agriculture and Rural Development’s Agricultural Market Development and Processing Department.
The US, one of Vietnam’s four top seafood export markets, represented 53.5 percent of Vietnam’s total seafood export value in the first three months of the year.
The catfish consumption level from the two biggest markets, China and the US, unexpectedly fell in Q1.
Vietnam hopes its catfish exports to the US will enjoy a zero tax rate when the US announces the results of the POR14, slated for April 20.