Pangasius exports to China continue to drop due to trade barriers
VOV.VN - Vietnamese pangasius exports to China are forecast to keep decreasing in the third quarter of the year as the northern neighbour is continuing to raise trade barriers and tighten its control of border gates as part of efforts to combat COVID-19.
According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the country’s total export value of pangasius to Hong Kong (China) during the opening seven months of the year fell by 5% to more than US$238 million in comparison to the same period last year.
Seafood and pangasius exports to the demanding market also faced numerous difficulties in the first half of the year as a result of Chinese policies aimed at restricting the import of seafood products from foreign markets.
As one of the major Chinese transshipment hubs, Zhanjiang port temporarily suspended frozen food imports from Vietnam market and 10 other Asian countries from June 20 to July 15 due to the implementation of COVID-19 prevention measures hitting its loading capacity.
Since the second quarter of the year the export value of local pangasius to the Chinese market has endured a downward trajectory of between 0.8% and 11.4% against the same period from last year.
This decline can also be attributed to concerns among Chinese consumers about getting infected by COVID-19 from imported seafood products, thereby leading to an increase in domestic seafood consumption.
According to the VASEP, providing that the pandemic is brought under control in the Mekong Delta region, pangasius exports to the markets will become stable ahead in the remaining months of the year.
Despite this, the price of raw pangasius in the Mekong Delta during the next quarter is likely to continue fluctuating.
