Shrimp and pangasius market recap White leg shrimp’s prices on rise in April

The social distancing has been removed since April 22, resulting in expectation in growing demand in domestic shrimp. The pangasius material market is still flat. Prices of pangasius material in the Mekong Delta in Mar 2020 ranged at 18,000-18,200 dong/kg. Companies maintain their production at the rate upon the reduction since early April 2020. Demand …

Farmers appear to hesitate to stock shrimps in the new crop

The coastal farming area in the Mekong Delta is getting into a new crop. However, since early this year the acute drought and salinity intrusion and covid-19 pandemic have had a bad impact on the shrimp sector. A large-scale shrimp farm owner in Vĩnh Tân commune, Vĩnh Châu town, Sóc Trăng province said that stocking …

VIETNAM SHRIMP EXPORTS TO AUSTRALIA WENT UP

Australia was the seventh largest shrimp importer of Vietnam, accounting for 3.8% of Vietnam’s total shrimp export value to markets. After declining in 2018, Vietnamese shrimp exports to Australia in 2019 grew positively. In 2018, Vietnamese shrimp exports to Australia reached US$ 114.7 million, down 4.4% compared to 2017. In 2019, after a decrease in …

EUROPEAN COUNCIL ADVANCES VIETNAMESE SHRIMP INDUSTRY-BOOSTING TRADE DEAL

The European Council on Monday ratified a free trade agreement with Vietnam that promises to reduce tariffs on Vietnamese shrimp from the current 12% to 20% rates to zero after seven years, Vietnam News reports. Once ratified by the Vietnamese National Assembly in May, the EU Vietnam Free Trade Agreement (EVFTA) is expected to take …

SEAFOOD EXPORTERS FLOUNDERING DUE TO COVID-19

A survey by the Việt Nam Association of Seafood Exporters and Producers (Vasep) found that the novel coronavirus (COVID-19) pandemic was hitting seafood companies hard, especially since the beginning of March. Vasep said that most seafood companies saw declines of 35-50 per cent in orders due to cancellations, delays or shortages of raw materials. Many …

VIETNAM’S TUNA EXPORTS TO US, EU FORECAST TO RISE AS PEOPLE STOCK UP AMID PANDEMIC

Vietnam’s canned tuna exports could boom since the EU countries and the US are stocking up amid the COVID-19 epidemic uncertainty. The outbreak of COVID-19 is causing EU and the US to stock up on canned tuna, and this is likely to increase demand from Việt Nam this year, the Việt Nam Association Seafood Exporters …

PANGASIUS EXPORTS TO MALAYSIA WENT UP BY 23.6%

By the first half of October 2019, the total value of pangasius exports to Malaysia reached US$ 34.18 million, up 23.6% over the same period in 2018. Currently, Malaysia is the second largest pangasius importer of Vietnamese exporters in ASEAN. Earlier this year, the value of Vietnam’s pangasius exports to Malaysia increased very positively. As …