Tra fish exports to EU see a sharp fall due to COVID-19 pandemic

Update: 15:46 | 15/06/2020
By mid-May, Vietnamese Tra (Pangasius) exports to the European Union were valued at US$53.4 million, down by nearly 36% compared to the same period last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
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tra fish exports to eu see a sharp fall due to covid 19 pandemic
Tra exports to the EU are likely to fall further due to the COVID-19 pandemic. (Photo: Vietnambiz)

The VASEP attributed the fall to the novel coronavirus pandemic which has been taking its toll on economies globally, including those in the EU. By the time, the EU had dropped to fourth place in the top 5 largest Pangasius export markets of Vietnam, after China, Hong Kong (China), the US and ASEAN.

Indeed, the first 5 months of this year saw Vietnamese Pangasius exports to the EU decrease continuously. In addition, Pangasius material prices also dropped as Vietnam's biggest Pangasius export market, China, stalled, leading to a decrease in the export value of Pangasius to the EU.

Tra fish exports to US enjoy strong surge

 

Tra fish exports to US enjoy strong surge

The COVID-19 pandemic is yet under control in Europe. The Eurozone economy is forecast to nosedive to a record level of about 7.75% this year. These factors are to have a great impact on Pangasius exports to the EU this year, and the value of Pangasius exports to this market is likely to further decline in the near future.

To lessen the impact, the fisheries sector is to strengthen the control of aquaculture conditions and the quality of inputs. It will encourage farmers and processors to join the interconnected supply chain network to operate according to the supply and demand law in the market.

Tra fish exports to Malaysia see strong surge

 

Tra fish exports to Malaysia see strong surge

Vietnam shipped a total 34.18 million USD worth of tra fish to Malaysia this year to mid-October, a year-on-year surge of 23.6 percent, according to ...

Tra fish companies see stock prices plummet

 

Tra fish companies see stock prices plummet

Vietnam's tra fish (pangasius) industry has seen a plummet in stock prices due to falling tra fish prices and volatile export markets.

Vietnam’s tra fish exports to ASEAN up 18 percent

 

Vietnam’s tra fish exports to ASEAN up 18 percent

Vietnam earned 55.17 million USD from tra fish exports to the ASEAN as of the late March, up 18 percent year-on-year, according to the Vietnam ...

(Source: VOV)