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Local seafood exporters see brighter signs in Q2

Update: June, 11/2013 - 09:55
Workers process tra fish for export at Go Dang Seafood JSC in southern Tien Giang Province. Seafood exports in the second quarter have seen signs of a recovery thanks to high demand for shrimp and tra fish. — VNA/VNS Photo Huy Hung

HA NOI (VNS)— Domestic seafood exporters expected to achieve good business results in the second quarter of this year, according to experts.

Seafood exports in the second quarter have seen signs of a recovery thanks to high demand for shrimp and tra fish.

Duong Ngoc Minh, chairman of Hung Vuong Joint Stock Company, said demand for seafood products would increase in the second quarter and export prices were expected to increase from the first quarter.

Agifish, a subsidiary of Hung Vuong Co, was scheduled to ship 10,000 tonnes of tra fillets worth US$36 million to the US in the second quarter, he said.

Tran Van Hung, chairman and general director of Hung Ca Limited Company, said export prices of tra fillet had increased by 3-5 US cent per kilo. The company had signed contracts to export tra fillets at $2.5-3.6 over the next three years.

Tran Van Pham, general director of Soc Trang Seafood Joint Stock Company, said production and exports had increased since mid-April against the same period last year, and his company had signed new contracts with $1-1.5 per kilo of shrimp.

The Viet Nam Association of Seafood Exporters and Producers (VASEP) said the recovery of seafood exports was due to high appreciation for the quality of Vietnamese seafood exports from major markets, including the EU, the US, Japan, South Korea and Russia.

However, many local experts said the domestic market continued to experience difficulties from a lack of supply as well as technical barriers and export tariffs.

Seafood exports were expected to reach $6.5 billion this year, 5 per cent higher than 2012, said VASEP.

Shrimp exports were likely to reach $2.2 billion, equal to that of last year, while tra fish exports were predicted to bring in $1.9 billion, up 5.5 per cent.

Exports of other seafood products were expected to rise by 10 per cent to $2.4 billion.

The association said that exports of seafood to major markets were expected to recover in the second quarter of this year after a drop of 8 per cent in turnover in the first three months. — VNS


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