Vietnam's pangasius exports to face shortage until summer
The unpredictable weather has caused heavy losses to Vietnam's pangasius industry in the Mekong Delta area. A prolonged farming time resulting in unsatisfactory fish production has already affected the export markets in the Western world and pushed the prices up to $1.4 per kg, the highest in many years.
"Now that the pangasius industry has stabilized with brand’s strength, price and profit, there is a shortage of pangasius. We expect this to last until June", explained Nguyen Hoai Nam, Deputy General Secretary of Vietnam Association of Seafood Exporters and Producers (VASEP), for Asian Agribiz.
According to his saying, the supply of catfish in Vietnam will not be sufficient for the European and US markets, but only for China.
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