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Pangasius exports rebounded in March

13/04/2021

Vietnam's pangasius export turnover in March increased after a decline in February, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Pangasius export turnover of USD 137 million in March, an increase of 11% over the same period last year, bringing the total export value of this item in the first quarter increased by 0.6% to USD 336 million.

According to data from the Department of Import and Export, the export of pangasius and basa fish in February 2021 reached 38.4 thousand tons, worth USD 75 million, a decrease of 29.3% in volume and 30.9% in value compared to February 2020.

According to VASEP, this recovery was thanks to improved import activities in China.

Accumulated over the first 2 months of 2021, the country's pangasius export reached 101.5 thousand tons, worth USD 201.3 million, decreased by 2.4% in volume and 4% in value compared to the same period in 2020.

According to the Agro-Processing and Market Development Authority, the pangasius material market in the Mekong Delta in the past month has begun to show positive changes with higher demand for meat fish (mainly from 800 grams or more) from the processing facilities.

The current price level has increased by about VND 2,000/kg compared to the previous month, ranging from VND 21,000 to 22,000/kg.

In the fingerling market, the supply is still at a slight shortage compared with the demand for new stocking by companies which tends to increase again.

Currently, a number of large enterprises have just bought more fingerlings for re-stocking, while farming households have also increased their new stocking. The price of fingerlings of 30 fishes/kg in the Mekong Delta is currently ranging at VND 31,000 - 33,000/kg, an increase of VND 3,000 - 5,000/kg compared to the end of February.

According to VASEP, processors' demand stabilized in the first week of April.

In early April, the price of pangasius of all kinds increased from VND 3,000 to 4,000/kg over the same period last year to VND 21,000 - 21,700/kg.

Previously, Undercurrent News reported that Vietnam pangasius industry is waiting for Chinese customers to return to the market as well as predict the impact of this on pangasius prices in general.

 

Kylie Nguyen

© 2019 Vietnam Bank for Agriculture and Rural Development No. 2 Lang Ha street, Ba Dinh district, Hanoi, Vietnam
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