Pangasius production fell sharply due to the impact of COVID-19 and saltwater intrusion
The Vietnam Association of Seafood Exporters and Producers (VASEP) said that according to the statistics of the Directorate of Fisheries, as of the end of June, the country's pangasius farming area is estimated at 4,530 hectares (95.7% over the same period in 2019). The harvest area is 1,536 ha (78% compared to the same period in 2019).
Pangasius production as of the end of June is estimated at 587.3 thousand tons or 86.5% over the same period, reaching 36% of the plan for 2020. In which, farming areas and harvested output are concentrated in 5 provinces of Dong Thap, An Giang, Can Tho, Ben Tre and Vinh Long.
Production of pangasius breeds in the first six months of 2020 in localities in the Mekong Delta was stable.
According to the Directorate of Fisheries, in the first months of 2020, the production, processing and export of pangasius tend to decrease due to the double impact of the COVID-19 pandemic and prolonged saltwater intrusion.
Meanwhile, pangasius production in 2019 reached 1.42 million tons, leading to an oversupply and difficult product consumption.
The dependence on exports has made it difficult for the industry when orders are canceled or delayed by partners due to orders requiring social distancing in most importing countries.
In the first quarter of 2020, the price of raw pangasius fell to VND 19,000 - 21,000/kg. At this price level, both farmers and exporters are tired.
Entering the second quarter, the price of raw pangasius continued to decrease further, as of June, the price of raw pangasius in the Mekong Delta continuously stood at low levels, ranging from VND 17,200 to 19,000/kg for the 700-800g/pcs, while the production cost is from VND 21,000 to 22,000/kg, down 40% compared to the same period in 2019.
After the average export pangasius price decreased to USD 2.15 - 2.25 (October-December 2019) from the good price of USD 2.75 in March 2019, the price of frozen pangasius for export has increased to USD 2.25 - 2.35/kg in January 2020.
However, in February and March 2020, the price of frozen pangasius fillet for export dropped to below USD 2.2/kg and this price level will be maintained until the end of Q2.
It is forecast that in the upcoming period, the Pangasius material price in the Mekong Delta will continue to maintain at the current level due to the impact of world market fluctuations.
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