Today Wed Dec 2018 12:48 PM (GMT)
[-] Tra fish industry facing dangerous situation, warn experts | DIEM UYEN HUPHAVET TRADING & MANUFACTURING ANIMAL MEDICINE CO.,LTD | Tra fish industry facing dangerous situation, warn experts

Category: NEWS CENTER » News,  |  Read: 155 |  Print  | Text size

Tra fish is processed for export at Bien Dong Seafood Co Ltd in Tra Noc II Industrial Zone in the southern city of Can Tho.

The domestic tra fish industry is facing a boom in the development of production at present, according to experts and enterprises.

The boom in the industry has opened a potentially dangerous situation in which supply exceeds demand, potentially leading to a bubble.

Nguyen Minh Phuong, director of Minh Duc Thanh Co Ltd in Can Tho, said prices of tra fish now stand at a record of VND31,000 per kilo of regular, and VND70,000 per 30 unit kilo of specificly bred tra fish varieties, a year-on-year increase of 70 per cent and three times, respectively.

With such prices, farmers have earned a profit of VND4,000 per kilo from rearing tra fish and VND40,000 per kilo from developing tra fish varieties.

Duong Nghia Quoc, chairman of the Viet Nam Tra Fish Association, said the current demand for tra fish is estimated to reach 1.2 million tonnes per year, while demand for tra fish varieties is expected to reach a maximum of 2-2.5 billion units per year.

Farmers in many regions, especially in the provinces of Long An and Dong Thap, are promoting the production of tra fish varieties, which would push the tra fish industry into a situation of oversupply, Quoc said.

Enterprises and experts said this is dangerous because growth in the supply of tra fish will be faster than demand in the market, leading to high surplus, price reductions and ultimately losses for producers, reported Thoi bao Kinh doanh newspaper.

Phuong said the market still shows a great demand for tra fish but the future is unpredictable. The demand for this product is expected to increase in the future if the United States reduces trade barriers, and exports to the EU and China continue their current recovery.

Nevertheless, if demand in the US and European markets remains unchanged, while the demand in China reduces, the price of tra fish would reduce accordingly, Phuong said.

Even if the demand goes up, enterprises and producers should not increase the supply, he said, as the US has imposed an anti-dumping tariff on Vietnamese tra fish, and other export markets remain risky.

Vu Van Tam, deputy minister of agriculture and rural development, said the tra fish industry should now be developed under a regulated production chain, and must ensure strict quality requirements in the production of fish varieties, quarantine and food safety.

Tra fish is a key national product, and export markets require high technical standards production, he said. Provinces must manage tra fish production for the long-term sustainable development of exports and not for benefits in the short term.

At present, China is the largest export market of Vietnamese tra fish products, but enterprises should be careful when exporting the product to this market as it is facing risks, Phuong said.

Quoc agreed and noted that exports to the US in 2017 reduced by 11 per cent against the previous year, and are expected to continue reducing this year.

Meanwhile, local tra fish exporters are concerned about how much the US Department of Commerce will increase the anti-dumping tariff in the 14th administrative review for Vietnamese tra fish, he said. Other markets have built trade barriers for Vietnamese tra fish products for exports as well.

The lack of stability in the Chinese market means that diversification of export markets are essential, he said.

Local exporters should seek new markets within the ASEAN community, and in the Middle East, he said.

Viet Nam is expected to gain an export value of $2-2.2 billion from exporting tra fish this year. — VNS

Updated: 09/29/2018

  Other news...

Cà Mau looks to VietGAP standards

Cow breeding yields high income for farmers in Tiền Giang

Đồng Tháp aquaculture farms almost reach full-year tra production target

Search content via Google.

Most viewed in 3 months

An Giang develops advanced poultry breeding model
Viet Nam News / HCM CITY – The Mekong Delta province of An Giang has around 4.3 million poultry, 4.2 per cent up from the same time last year, according...
Viewed: 225
Ninh Thuận to breed more sheep, goats for commercial production
Viet Nam News HCM CITY – The south-central province of Ninh Thuận, the country’s largest animal producer, is strengthening measures to breed more sheep, goats, pigs and other animals for commercial...
Viewed: 216
Bình Thuận looks to coastal economy
Viet Nam News / HCM CITY — The People’s Committee in the south-central coastal province of Bình Thuận targets increasing by 1.3 times the coastal economic growth rate by 2020...
Viewed: 210
Cà Mau takes steps to improve super-intensive shrimp farms
Viet Nam News / CÀ MAU – The deputy chairman of the Cà Mau Province People’s Committee has asked local authorities to complete the zoning of concentrated farming areas for...
Viewed: 200
VN to import 300,000 tonnes of raw cashew
Viet Nam News / HCM CITY — Việt Nam will need to import more than 300,000 tonnes of raw cashew nuts in the remaining months of the year for processing...
Viewed: 194

Most viewed

TH Group sends milch cows to Russian farm
Hanoi (VNA) - Vietnam’s TH Group, famous for its TH True Milk brand, has sent 1,100 cows from the United States to Russia.
Viewed: 348
Vietnam halts poultry imports from avian flu hit US states
Vietnam has suspended the imports of poultry and poultry products from the US states of Tennessee and Wisconsin which have been affected by avian flu.
Viewed: 345
River fish make fortune for breeder
Viet Nam News MEKONG DELTA — Lý Văn Bon is making a fortune breeding river fish in cages in a tributary of the Mekong River. He ís farming the fish,...
Viewed: 338


No 7 block D Phuong Liet lake - Thanh Xuan dist, Ha Noi, Viet Nam
Tel: (+84) 24 386 91980
Fax: (+84) 24 362 90741