Influences on export, pangasius price falls by nearly half
Local agricultural products set sights on Indian market | |
Pangasius export flourishes from the first quarter of the year | |
A difficult year for pangasius exports |
Processing exported seafood. Photo: T.H |
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), as of mid-February 2020, the price of raw catfish of the Mekong Delta decreased by 42.6% compared to the same period last year, at 19,500 VND / kg.
The Covid-19 epidemic meanscatfish exports to China were temporarily interrupted. China is the largest market of Vietnam pangasius, so changes inmarket have immediately impacted catfish production.
According to the Ministry of Agriculture and Rural Development, in 2019, the total area of catfish farming in the Mekong Delta is estimated at 6,600hectares, with production of 1.42 million tons, concentrated in provinces ofDong Thap, An Giang, Ben Tre and Can Tho.
Nationwide, there are 200 catfish hatchery production establishments, 3,000 ha of fingerling produce about 21 billion catfishfry and over 2.1 billion fingerlings. In 2019, 45,000brood stocks were replaced. It is expected that 60,000 of the parents will be replaced in 2020.
Until 2019, according to FAO's report, although Vietnam is the dominant market of international pangasius supply, the production of other countries such as Indonesia, Bangladesh, India and China also contribute a fair share to the wider distribution of Pangasius products not only in Asia.
In November 2019, the US officially announced a law document from the Department of Food Safety Inspection (FSIS) of the United States Department of Agriculture on recognition of Vietnam as a country eligible to export Siluriformes fish and fish products to the US market. This is goodnews for Pangasius export enterprises. However, the export value of pangasius to the US still decreased, so the price of domestic raw materials decreased leading to the decrease of the average export price to the US market.
In 2019, Pangasius material price movement in the Mekong Delta trendeddownwards. In particular, the highest price of the year in mid-February 2019 with an average of 34,000 - 34,500 VND / kg. After that, the price gradually decreased and fell to the lowest level at the end of November 2019 with the price ranging from 19,000 to 19,500 VND / kg. In December 2019, the price of fish increased slightly by 1,000 VND / kg to average between20,000 and 20,500 VND / kg. With this price, the price of raw fish has dropped by about 44% over the same period in 2018.
After decreasing from a positive price of 34,000 - 34,500 VND / kg (in February/March 2019), raw material pangasius in the Mekong Delta decreased to 20,500 - 21,000 VND / kg in January 2020. Facing the temporary slowdown in the first quarter of this year, pangasius prices may decline further. If the export market stabilizes, pangasius prices will increase gradually in the comingquarters.
About the disease, experts recommend that Pangasius farmers and enterprises should proactively move to other markets, update information to adjust the farming, production and export plans to meet consumption demand.
Related News
Expand investigation for two smuggling cases
09:00 | 17/04/2024 Anti-Smuggling
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
Latest News
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export
More News
Be proactive and flexible with production materials
09:02 | 17/04/2024 Import-Export
Cooperate to build leading and "rich in vitality" state-owned enterprises
08:59 | 17/04/2024 Import-Export
Garment & textile sector tries to keep growth momentum
14:16 | 16/04/2024 Import-Export
Businesses capitalize on recovery momentum to explore market expansion
10:01 | 16/04/2024 Import-Export
Access to the Chinese market is increasingly convenient
15:12 | 15/04/2024 Import-Export
China, US, Japan – largest importers of Vietnam’s fishery products in Q1
15:04 | 15/04/2024 Import-Export
Vietnam’s agricultural products appeal to foreign customers
15:03 | 15/04/2024 Import-Export
Leverage to increase the scale of Vietnam - Laos trade turnover
10:51 | 15/04/2024 Import-Export
Science and technology enterprises still have limited to access to preferences
10:45 | 15/04/2024 Import-Export
Your care
Domestic retailers eye export-quality products
17:37 | 18/04/2024 Import-Export
Textile and garment exports recovered positively
10:26 | 18/04/2024 Import-Export
Launch of FDI Annual Report 2023
16:25 | 17/04/2024 Import-Export
Vietnam has opportunities to attract, develop the offshoring market
16:11 | 17/04/2024 Import-Export
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors
16:09 | 17/04/2024 Import-Export