On the morning of October 8, sharing with PV.VietNamNet, Mr. Ngo Van De in Long Khanh commune (Duyen Hai, Tra Vinh ) said: "Shrimp prices increased by about 20,000 VND/kg, shrimp farming households in the cooperative have escaped losses".

According to him, shrimp prices have plummeted in recent months due to a sharp decline in exports and slow purchases of raw shrimp by businesses. Farmers have suffered losses for many consecutive months because shrimp prices have “hit rock bottom”. However, recently, businesses have purchased as much shrimp as farmers have harvested.

Export information businesses have begun to recover, so shrimp prices have also increased well, although not as expected. However, thanks to the increase in prices, farmers have gone from losses to slight profits, Mr. De shared. Currently, he and the members of the cooperative are preparing to plant new crops in time for harvest before Tet.

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In September, pangasius exports increased by 9% compared to the same period last year (Photo: Pham Hoang Giam).

According to Mr. Ho Quoc Luc, Chairman of the Board of Directors of Sao Ta Food Joint Stock Company, the seafood industry will accelerate in the third quarter, and shrimp businesses are making careful preparations to have momentum to rebound at the end of the year.

He said that the increase in sales of seafood businesses is a good sign, helping to offset the decline in the first half of the year, but factors need to be taken into account for sustainable growth.

In the pangasius sector, Vinh Hoan Seafood Joint Stock Company informed that in the third quarter of this year, the company's export of this product improved compared to the second quarter in both output and consumption price.

Specifically, pangasius exports to the EU market increased by 22% compared to the same period in 2022; to China increased by 13%; the remaining markets also had good revenue growth. Particularly in the US market, Vinh Hoan enjoys an anti-dumping tax rate of 0 USD/kg.

2 largest markets recover impressively

According to the Ministry of Agriculture and Rural Development, in September, our country's seafood exports reached 858 million USD, down only 0.8% compared to the same period last year. This is the lowest decrease in seafood exports since November 2022.

Accumulated to the end of September 2023, seafood exports earned 6.64 billion USD, down 21.7% over the same period in 2022.

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), in September this year, some key products regained balance compared to the same period last year. In particular, shrimp and tuna exports both reached the same level as in September 2022. Notably, pangasius exports recovered strongly, increasing by 9% compared to the same period last year.

Exports of other products such as squid, octopus, crab, and shellfish were still lower than the same period last year, but the decrease was only 6-12%.

Recent export results show that the market has shown signs of recovery compared to previous months. The two main markets, the US and China, have begun to increase demand. Accordingly, our country's seafood exports to these two markets have recorded positive growth in the past two months.

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Seafood businesses enter the acceleration phase, welcoming the year-end gold rush (Photo: Hoang Ha).

Some major markets in the CPTPP bloc such as Japan, Australia, and Canada are also increasing shrimp imports from Vietnam.

Regarding pangasius products, VASEP sees a gradual recovery trend in the markets of China, Mexico, Brazil, the Netherlands, the UK and the US... In September 2023, pangasius exports to some markets regained balance or reached a higher level compared to the same period in 2022.

By the end of September 2023, exports to the top 3 largest markets, the US, China and Japan, all exceeded the 1 billion USD mark. In September alone, seafood exports to the US, China and the EU increased by 4-17% compared to the same period in 2022; to Japan, they were still lower by 15%.

Speaking to the press, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the US and China are still the two major export markets for Vietnamese seafood products. In particular, in these two major markets, tra fish are both key products and strengths of Vietnam.

Notably, after a long review period, the US market has officially recognized the production and processing level of Vietnam's pangasius industry as equivalent to that of the US, including many high-quality products.

Mr. Phung Duc Tien also emphasized that, along with this recognition, the recent elevation of Vietnam-US relations to a comprehensive strategic partnership will open up great opportunities for tra fish exports.

According to him, pangasius exports to the US and China have recovered and are also increasing in many other markets. Meanwhile, demand for this product often increases sharply during the year-end holiday season.

In addition, the 15,000 billion VND credit package to support the fisheries and forestry sectors has so far disbursed about 5,500 billion VND. This is the driving force for fisheries enterprises to boost production to serve exports at the end of the year.

Regarding tra fish, it is expected that exports will earn 2.3 billion USD this year. For the entire seafood industry, Deputy Minister Tien calculated and expected it to reach 10 billion USD.

Vietnamnet.vn