Processing tra fish for export at Can Tho Seafood Import-Export Joint Stock Company (Photo: VNA) Hanoi (VNS/VNA) - Prices of tra fish have dropped to the lowest levelin 10 years due to export difficulties, according to the Ministry ofAgriculture and Rural Development’s Agricultural Market Development andProcessing Department.
In June, the wholesale price for tra fish in the Mekong Delta fell by about 2,000VND per kilogramme from the previous month to 22,000-23,000 VND per kilo fortype one tra fish (with each fish weighing 800-900g).
The price has decreased by nearly 16,000 VND per kilo year on year and about 10,000VND per kilo from the beginning of this year.
Truong Dinh Hoe, General Secretary of the Vietnam Association of SeafoodProducers (VASEP) said that higher prices in the second half of 2018 led peoplewho raise the fish to develop larger rearing areas.
Prices showed signs of falling at the start of this year but farmers andbusinesses still managed to collect big profits in the first quarter of theyear, he said.
However, since the start of the second quarter, prices have been decliningsharply as supply grows, cutting into profits for farmers and exporters.
Lower demand for tra fish fingerlings also led to a massive decrease in pricesof fingerlings, from 60,000-65,000 VND per 30-unit kilo at the end of 2018 to 18,000-20,000VND now.
Duong Nghia Quoc, Chairman of the Vietnam Pangasius Association, said a strongdecrease in exports to the US contributed to the falling prices.
More stringent technical requirements in China and higher tariffs on exports tothe US have led to lower tra fish exports and higher inventories, according tothe association.
According to experts, this situation is also due to the lack of effective linksbetween farmers and businesses, which would help form a sustainable productionchain and keep prices stable.
In the first six months of the year, the total export value of Vietnamese trafish to the China - Hong Kong market reached 254.3 million USD, up 1.2 percentyear on year – constituting lower growth than expected – accounting for 26.4 percentof the national total tra fish export value.
Meanwhile, tra fish exports to the US reached 141.9 million USD, down 27.9 percentcompared to the same period last year. The decline was especially pronounced inJune was a strong fall of 40.8 percent.
By the end of June, the total export value of tra fish for the year so far was 961.6million USD, down 4.1 percent over the same period of last year.
According to VASEP, in the third quarter, tra fish exports to the EU areexpected to maintain the same growth rate as the first two quarters.Preferential tariffs under the European Union and Vietnam Free Trade Agreement(EVFTA) will create opportunities for Vietnam to grow its fish exports to themarket, according to VASEP. - VNS/VNA
In June, the wholesale price for tra fish in the Mekong Delta fell by about 2,000VND per kilogramme from the previous month to 22,000-23,000 VND per kilo fortype one tra fish (with each fish weighing 800-900g).
The price has decreased by nearly 16,000 VND per kilo year on year and about 10,000VND per kilo from the beginning of this year.
Truong Dinh Hoe, General Secretary of the Vietnam Association of SeafoodProducers (VASEP) said that higher prices in the second half of 2018 led peoplewho raise the fish to develop larger rearing areas.
Prices showed signs of falling at the start of this year but farmers andbusinesses still managed to collect big profits in the first quarter of theyear, he said.
However, since the start of the second quarter, prices have been decliningsharply as supply grows, cutting into profits for farmers and exporters.
Lower demand for tra fish fingerlings also led to a massive decrease in pricesof fingerlings, from 60,000-65,000 VND per 30-unit kilo at the end of 2018 to 18,000-20,000VND now.
Duong Nghia Quoc, Chairman of the Vietnam Pangasius Association, said a strongdecrease in exports to the US contributed to the falling prices.
More stringent technical requirements in China and higher tariffs on exports tothe US have led to lower tra fish exports and higher inventories, according tothe association.
According to experts, this situation is also due to the lack of effective linksbetween farmers and businesses, which would help form a sustainable productionchain and keep prices stable.
In the first six months of the year, the total export value of Vietnamese trafish to the China - Hong Kong market reached 254.3 million USD, up 1.2 percentyear on year – constituting lower growth than expected – accounting for 26.4 percentof the national total tra fish export value.
Meanwhile, tra fish exports to the US reached 141.9 million USD, down 27.9 percentcompared to the same period last year. The decline was especially pronounced inJune was a strong fall of 40.8 percent.
By the end of June, the total export value of tra fish for the year so far was 961.6million USD, down 4.1 percent over the same period of last year.
According to VASEP, in the third quarter, tra fish exports to the EU areexpected to maintain the same growth rate as the first two quarters.Preferential tariffs under the European Union and Vietnam Free Trade Agreement(EVFTA) will create opportunities for Vietnam to grow its fish exports to themarket, according to VASEP. - VNS/VNA
VNA
