The domestic catfish price has fallen to a 2-year low, while Vietnam’s shrimp now has to compete fiercely in prices with rivals, including Thailand and India.
After a long period of being the key export sector, bringing $9 billion worth of export turnover in 2018, Vietnam’s seafood industry is facing problems.
|According to the Ministry of Agriculture and Rural Development (MARD), the seafood export value in the first nine months of the year was $6.23 billion only, a decrease of 2 percent compared with the same period 2018.|
Also according to the ministry, some product items saw export value decreasing in comparison with the same period last year, such as shrimp, tra fish and cattle-fish because of the stiff competition from India, Ecuador, Indonesia and Thailand.
Catfish exports have been unsatisfactory recently. Sales to China and the US have been decreasing since the beginning of the year.
VASEP Secretary General Truong Dinh Hoe says that catfish exports to the EU bounced back in the first months of the year thanks to efforts by processors to improve the quality of products and settle media problems.
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