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Export of farmed fish fetches nearly $3.1 billion for Vietnam

Staff writer ▼ | July 5, 2016
Export of farmed fish brought home nearly $3.1 billion in the first six months of the year, a year-on-year surge of 3.8%, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Vietnam farmed fish
Seafood production in Vietnam   Lowest prices in the home market
China, Japan, the Republic of Korea and the U.S. remained the leading importers of the country’s farmed fish.

However, prices of material tra fish in the home market fluctuated at VND19,000-20,500 per kilo - its lowest level ever recorded. No new orders from the main markets like the US and the EU hints sluggish consumption for Vietnamese tra fish in the coming time.

Meanwhile, prices for material shrimp were stable despite limited supply stemming from unfavourable weather conditions.

Vietnam’s combined agro-forestry-fishery export turnover was estimated at $15.05 billion in the first six months of 2016, up 5.4% from one year ago, the Ministry of Agriculture and Rural Development said.

Of the total figure, farm produce exports were valued at $7.32 billion, a 5.1% increase against the same period last year while export value of forestry products in the period suffered a slight yearly downturn of 0.1% to $3.33 billion.

In June, the agro-forestry-fishery sector earned an export revenue of $2.5 billion.