thue may photocopy

Vietnam had catfish bumper year in 2017

PDFPrintE-mail

Vietnam’s catfish (pangasius) export turnover in 2017 was expected to reach $1.8 billion, an increase of 4 percent over the year before, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, catfish, VASEP, Farm Bill

Vietnam had catfish bumper year 2017

The domestic catfish price began escalating in early 2017 and continued the upward trend in the last months of the year, bringing attractive profits to farmers. With the current price of VND25,000-27,000 per kilo, farmers can make a profit of VND4,000-6,000 per kilo.  In some provinces, farmers could sell catfish at VND29,500 per kilo in December, while the price was just VND21,000-22,000 per kilo in the same period last year.  In general, the domestic catfish price goes down in the last months of year when exporters have fulfilled signed contracts.  However, unlike previous years, exporters were still busy fulfilling contracts, while the material supply was short. 

In 2017, the catfish farming area in Mekong Delta was 6.078 hectares, an increase of 3.1 percent compared with the same period last year, and the 12-month output was 1.252 million tons, up by 5.4 percent.

In 2017, the catfish farming area in Mekong Delta was 6.078 hectares, an increase of 3.1 percent compared with the same period last year, and the 12-month output was 1.252 million tons, up by 5.4 percent. Huynh Quang Khap, a farmer in Chau Phu district in An Giang province, said: “I sold fish in my two ponds at VND28,500 per kilo, the highest level for many years. The catfish price dropped so dramatically in previous years which caused losses. Now, as the price has risen, we don’t have much fish to sell.” Nguyen Tan Phong, director of Dai Thang Cooperative in Hau Giang province, also said he sold 200 tons of fish at VND28,500 per kilo. With the production cost of VND22,000 per kilo, farmers can make fat profits. Vietnam’s catfish exports continued increasing in 2017, but some big changes in target export markets occurred.  The exports to the US decreased by 10 percent and the sharp export decrease began when the US officially applied the inspection program under which 100 percent of catfish imports from Vietnam have to undergo examination. Meanwhile, the EU market is unstable because of the media campaign launched in early 2017 which gave false information about Vietnam’s catfish. In 2011, the EU and US consumed 29.14 percent and 18.37 percent, respectively, of Vietnam’s catfish exports. At that time, only 3.07 percent of exports headed for China – Hong Kong.  In 2015, the export proportions were 18.22 percent for the EU, 20.16 percent for the US and 10.3 percent for China – Hong Kong. In 2016, the figures were 15.2, 22.6 and 17.8 percent, respectively. In 2017, China surpassed the US to be the biggest importer of Vietnam catfish with import turnover of $420 million, up by 37 percent over the year before.

Thanh Lich

Source: VietNamNet

Related news items:
Newer news items:
Older news items:

Massage Vietnam

euro super

 

 

 

 

 

Auto Leaf Spring by 19-8 Mechanical JSC Company

bóng đèn

Bioscope health care Innovation

anduy interior

 

du lịch biển thiên cầm

Latest News

Smart helmet helps reduce accidents faced by electricians

Smart helmet helps reduce accidents faced by electricians

The outstanding advantage...
16 January 2018
Cua Van among most beautiful villages around the world

Cua Van among most beautiful villages around the world

Cua Van, a small floating...
16 January 2018
Hawaii told to fix its alert system after false missile alarm

Hawaii told to fix its alert system after false missile alarm

The US state of Hawaii...
16 January 2018
Ly Hoang Nam wins Tay Ninh tennis event

Ly Hoang Nam wins Tay Ninh tennis event

Vietnamese top tennis...
16 January 2018
Students losing sleep because of study demands

Students losing sleep because of study demands

Eight out of every...
16 January 2018
Hanoi Old Quarter suffers graffiti tag rash

Hanoi Old Quarter suffers graffiti tag rash

Many streets in Hanoi...
16 January 2018