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VietNamNews

Demand drives seafood exporters towards Brazil

Update: October, 26/2013 - 08:55
A Chau Food Limited Company collects catfish in Quang Nam Province's Dien Tien Commune for export. — VNA/VNS Photo Hong Ky
HA NOI  (VNS) — Viet Nam's seafood businesses planned to promote seafood exports to Brazil to meet the high demand in what was regarded as a stable market, according to the Viet Nam Seafood Exporters and Producers (VASEP).

In recent years, demand for seafood in Brazil had increased, said VASEP, adding that the Brazilian Government had encouraged people to increase seafood consumption from 9kg per person to 12kg per year through trade promotion programmes.

The association said that in the first nine months of this year, Viet Nam's seafood exports to Brazil grew 70.6 per cent in value year-on-year to US$72.7 million, of which $72.3 million came from tra fish.

The Brazilian market achieved the highest growth rate in tra fish exports with a year-on-year rise of 70.5 per cent in value, accounting for 6.1 per cent of total tra fish export value, the association said.

Viet Nam's tra fish exports to Brazil were helped by strategic promotional campaigns in response to falling demand from the EU and US markets, the association said.

Seafood exports to the US still reached $273.7 million in the first nine months, followed by the EU at $267.2 million and ASEAN at $86.4 million.

VASEP said Brazil imported seafood products from around the world, and its four largest frozen fillet fish import markets were China, Chile, Viet Nam and Argentina.

The average export price of tra fish to Brazil in the first eight months of this year dropped to $1.92-2.12 per kilo from $2.26-2.41last year, the association said.

Figures released by VASEP showed that by the end of the third quarter, the country's seafood exports had reached $1.8 billion, an increase of 12.5 per cent over the same period last year. — VNS


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