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Tra fish exports likely to rise in third quarter

Update: August, 31/2012 - 10:37

HCM CITY – Tra fish exports are expected to increase by the end of the third quarter thanks to high demand from the international market, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

The increase is largely due to a higher volume of tra fish purchases by foreign importers to meet high demand during holidays at the year-end.

VASEP forecasts that tra fish exports in the third quarter will increase by 12 per cent against the second quarter, reaching an export value of US$480 million.

Tra fish contributes 26.3 per cent to the nation's total seafood export turnover. Total export turnover of tra fish this year would likely reach $1.8-2 billion, the association's general secretary Truong Dinh Hoe has said.

Hoe said that the price of tra fish was increasing, proving that global demand remained high. He added that the export-turnover goal for the year was reachable if the industry maintained tra fish quality and kept the same number of partners.

The US, the EU and Southeast Asia continue to be the biggest markets for Vietnamese tra fish.

VASEP said that since the end of the second quarter, tra fish exports had increased by 27-30 per cent in the US, and by 30-40 per cent in Southeast Asia.

In the two first quarters of the year, tra fish exports did not gain a good result due to the global recession. In the first quarter, the export value year-on-year increased by 13 per cent, and in the second quarter, it rose only 6 per cent, reaching $428 million.

For the first six months of the year, the export value of tra fish was $854 million year-on-year, up by only 3 per cent. — VNS

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