Basa catfish export value to surpass 1 billion USD

The Fish Site
by The Fish Site
1 February 2007, at 12:00am

VIETNAM - The target of earning over 1 billion USD from exports of "tra" and "basa" catfish export is achievable in 2007, according to the Viet Nam Association of Seafood Exporters and Producers.

The increase in the world market's demand for catfish has resulted in a marked increase in the prices of the product. In the domestic market, one kilo of the catfish is sold for 15,500-16,000 VND, the highest price so far. It is expected that the market will continue to change in farmers' favour.

Last year, Viet Nam has exported tra and basa catfish to 65 countries and territories, fetching a record of 700 million USD.

Experts from VASEP said that exporters have no longer to be worried about outlets for their products; instead, they should start attaching more importance to trademarks, as well as, prestige and quality of the product.