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EU - Top Consumer of Vietnams Aquatic Products

by 5m Editor
29 June 2009, at 1:00am

VIET NAM - The European Union (EU) ranks first among markets consuming Vietnams aquatic products with US$357 million, making up 26 percent of the countrys seafood exports, followed by Japan.

Among Vietnamese export products, Tra and Basa catfish tops the list with the US and the EU becoming the biggest importers, while shrimp ranks 2nd thanks to demand from the Japanese market.

The Russian market is growing in importance as well, with a large and diversified consumption demand for Tra and Basa catfish.

With US$320 million netted in June, Vietnam’s aquatic export turnover in the first half of this year reached nearly US$1.7 billion, down 11 percent against the same period last year.

According to the Ministry of Agriculture and Rural Development, in recent months, due to effects of global economic recession, many Vietnamese aquatic products have cut their prices to stimulate demand.

5m Editor