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28 October 2009

Vietnam’s catfish exports down for 3 months

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Vietnam’s tra catfish exports have dipped more than 10 percent to 14 percent and 20 percent over the past 3 successive months, reported, quoting the Vietnam Seafood Exporters and Processors Association (VASEP).

The EU, the largest importer of Vietnam’s tra catfish, saw the biggest decreases: 19 percent in value in August and another 25.6 percent in value in September.

One of the major reasons came from negative information smearing Vietnam’s catfish trade. In the first nine months this year, exports of Vietnam’s tra catfish to Egypt decreased sharply to -26.8 percent in value.

However, experts judged that Vietnam’s tra catfish export can see signs of prosperity in the rest of this year with the Christmas and the Western New Year and the world’s market demand increases. With planned average turnover of more than $120 million a month, 2009’s tra catfish export turnover is expected to exceed $1.3 billion.


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