Mollusk exports to RoK increase sharply
(VOV) -Vietnam’s mollusk exports to the Republic of Korea (RoK) for the eleven months leading up to December 2014 jumped 26.8% on-year tallying in at US$156.4 million, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Exports of frozen octopus alone accounted for 35.7% of the country’s total mollusk exports and sold for an average price hovering in the range US$5.34-US$6.55 per kilo.
Last year, Vietnamese exporters enjoyed an average monthly growth rate of 20%-35% to the market, making it the second largest mollusk supplier to the RoK.
VASEP optimistically has forecasted that exports will continue to increase in early 2015 and Vietnamese exporters should take steps to insure adequate inventories are on hand.