Pangasius exports likely to reach US$1.8 billion this year
VOV.VN - Vietnamese pangasius exports are anticipated to reach about US$1.8 billion this year, equivalent to 75% from the same period last year, heard a conference held in the Mekong Delta province of An Giang on December 15.
According to the Ministry of Agriculture and Rural Development, the pangasius industry is facing numerous challenges due to declining demand and market shrinking globally.
The major importers of Vietnamese pangasius products such as China, the United States, and the EU have seen decreases of between 17% and 53%.
Experts said that the supply source of raw pangasius in the country in the third quarter of the year decreased and is forecast to continue to fall next year, leading to a shortage of materials for processing.
They attributed the limited supply to high farming costs, a factor which has made farmers more hesitant to expand aquaculture areas, especially when exports recover slowly. However, they played down processors’ concerns, because pangasius farming is maintained while the quality is ensured.
Insiders underlined the need to strengthen chain linkages, inject additional investment, and actively boost market expansion in an attempt to swiftly remove hurdles faced by the local pangasisus industry.
