Tra fish exports to EU see a sharp fall due to COVID-19
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Tra (Pangasius) exports to the EU are likely to fall further due to COVID-19 |
Indeed, the first 5 months of this year saw Vietnamese Pangasius exports to the EU decrease continuously. In addition, Pangasius material prices also dropped as Vietnam's biggest Pangasius export market, China, stalled, leading to a decrease in the export value of Pangasius to the EU.
The COVID-19 pandemic is yet under control in Europe. The Eurozone economy is forecast to nosepe to a record level of about 7.75% this year. These factors are to have a great impact on Pangasius exports to the EU this year, and the value of Pangasius exports to this market is likely to further decline in the near future.
To lessen the impact, the fisheries sector is to strengthen the control of aquaculture conditions and the quality of inputs. It will encourage farmers and processors to join the interconnected supply chain network to operate according to the supply and demand law in the market.Related News
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