China becomes largest buyer of Vietnamese catfish

25-Nov-2020 Intellasia | DTI News | 6:51 AM Print This Post

China has become the largest importer of Vietnamese catfish in the past 11 months.

According to Vietnam Association of Seafood Exporters and Producers (VASEP), an unofficial survey showed that even though total catfish export volume dropped by 20.6%, export revenue to China and Hong Kong reached USD385m, accounting for 34.4 percent of the total catfish export revenue.

Vietnamese catfish processing firms also increased exports to China. Many kinds of catfish products are exported to China including frozen catfish, frozen catfish fillet or dried catfish bladder.

Statistics from VASEP show that by the end of the third quarter of 2020, catfish imports in many countries have improved. This has helped to slightly raise raw catfish prices in the Mekong Delta Region. A 0.7-0.8kg fish in Dong Thap Province costs VND22,000 (USD1) to VND23,000, an increase of VND2,000 to VND3,000 compared to the same period last year.

Some 120 Vietnamese firms are exporting catfish to China.


Category: Economy, Vietnam

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