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Vietnamese Fish Exports Fall Short of Target

by 5m Editor
16 July 2009, at 1:00am

VIET NAM - Viet Nam expects to make US$1.2 billion in exports of tra and basa this year, against the target of US$1.3 billion.

According to a report by the VietNamNewsAgency, tra and basa exports are expected to recover in the second half of this year but the yearly target is not expected to be met, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

VASEP said exports of tra and basa would improve later this year because the value of the euro was expected to increase against the US dollar. The European Union is the largest export market for Vietnamese catfish, accounting for almost 50 per cent of Viet Nam’s tra and basa export value, reports the news agency.

In addition, exports of the fisheries to Russia have picked up. Since May, catfish processors exported 16,000 tonnes of products made from the fishes to Russia, including 7,500 tonnes of fillet.

VietNamNewsAgency says the Ministry of Agriculture and Rural Development (MARD) said Russia’s demand for Vietnamese fish was increasing sharply. It expects exports of tra fillets to rise to 10,000 tonnes a month, in addition to other products made from the fish.

Viet Nam expects to export 70,000 tonnes tra and basa to Russia by the end of this year.

5m Editor