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Pangasius export is expected to recover in the third quarter of 2020
[ Updated (23/07/2020) ] - [ Views: 452 ]

Pangasius export is expected to recover in the third quarter of 2020


 Exporters are expecting that in the third quarter of 2020, trade activities will stabilize in one market, including the two largest export markets, China - Hong Kong and the United States.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), although the value of Vietnam's pangasius exports to ASEAN in the first 6 months of this year still decreased compared to the same period last year, the growth rate was negative. have shown signs of slowing down.

  While most of pangasius exports to major markets are affected, the export value to Singapore and UK markets is brighter. This is a good signal for Vietnam pangasius exporters.

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 Enterprises predict pangasius industry will recover from the third quarter of 2020

 As of the first half of June 2020, the export value of Pangasius to Singapore - the second largest export market of Vietnam Pangasius in ASEAN reached US $ 18.5 million, up 5.7% over the same period last year. . Pangasius export value to the UK market also reached 28.6 million USD, up 7.1% over the same period last year.

According to VASEP, the overall picture of Vietnam's pangasius exports in the first two quarters of 2020 has not really recovered due to the Covid-19 pandemic. However, optimistic exporters expect that from the third quarter of 2020, trade activities will stabilize, including the two largest export markets, China - Hong Kong and the United States.

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 IDI prepares a good source of raw materials to be ready for export

 Mr. Nguyen Thanh Hai - Deputy General Director of Multinational Investment and Development Joint Stock Company (IDI) said that the Covid-19 epidemic made Vietnam's pangasius export difficult, but after the disease was controlled, countries such as China, EU, US ... will increase the import of Pangasius again, so it is necessary to prepare goods and plan to expand the consumption market for Vietnam Pangasius. In particular, focusing on consolidating the image and developing new sales channels, branding of high quality pangasius products, …

At present, IDI not only promotes the development of domestic consumption market, but also prepares a good source of raw materials for the 3rd and 4th quarter to be ready to meet export demand, avoiding a sharp increase in fish prices when there is a sudden change in the application. After epidemic diseases are controlled in the main markets of the company.




Minh Khue



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