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Vietnamese Production And Exports Increase

VIET NAM - In February, 2011, seafood production was expected to reach 355,400 MT, up 2.4 per cent in comparison with the same period last year. Of this shrimp volume was 27,200 MT, up 6.3 per cent. This boosted total seafood volume of the country in first two months to 711,800 MT, up 2.4 per cent against the same period last year.

Due to the forecast on shortage of food and growing demand, most agricultural products recorded a rise in both export price and value. Therefore, exports are predicted to boost to US$3.6 billion, increasing 50.7 per cent in comparison with the same period a year ago.

Seafood exports in February surged to US$ 258 million, up 13 per cent over the same period of 2010, bringing the total seafood export value to US$692 million in first two months of 2011, up 28 per cent compared with 2010. But that could not encourage seafood enterprises due to scarcity of raw materials causing high price and rising input cost.

the Fish Site Editor

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