Tra output, exports forecast to plunge

Jan 28th at 12:28
28-01-2013 12:28:50+07:00

Tra output, exports forecast to plunge

Viet Nam's tra fish output will drop strongly this year to less than one million tonnes as farmers continue to turn away from breeding, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP).

Production could actually drop to as much as 800,000 tonnes, VASEP said at a meeting held in Can Tho City last Friday to review 2012's performance and set plans for this year.

Revenues from tra fish export would also decrease to about US$1.5-1.6 billion, VASEP general secretary Truong Dinh Hoe told the meeting.

According to the General Department of Fisheries, Viet Nam produced more than 1.28 million tonnes of tra fish and earned $1.74 billion from tra fish exports last year. This marked a 3.4 per cent reduction in export revenues over 2011.

The tra fish sector has never had such a difficult time as it did last year, with prices of the fish dropping strongly while feed prices and other input costs increased sharply.

As a result, farmers incurred losses of VND2,000-4,000 per kilogramme last year, the meeting heard.

Tra fish exports to key markets including the EU, the US and China reduced strongly last year since consumers in these markets continued to tighten their belts amidst the ongoing economic slowdown.

Delegates at the meeting felt there were too many companies involved in tra fish exports, with some engaging in unhealthy competition, including slashing prices and increasing the ice-ratio up to 30-40 per cent in their tra fish products, giving Viet Nam's tra fish industry "a bad name".

Nguyen Huu Dung, VASEP deputy chairman, said there are only 70 tra fish processing firms in the country, but up to 300 firms are involved in exporting the fish.

He asked relevant agencies to enhance inspections and strictly punish violations.

To facilitate tra fish production and consumption this year, delegates at the meeting asked the Government to quickly issue regulations on tra fish export, help reduce difficulties faced by the sector, especially in accessing credit, and upgrade infrastructure in breeding areas.

Many participants agreed that this year will be one for the tra fish sector to analyse all its shortcomings and make plans to restructure and improve performance, and in so doing, create a momentum for the sector to develop in a sustainable manner from 2014 onwards.

vietnamnews



NEWS SAME CATEGORY

Exports soar 43% in January

Viet Nam is estimated to export US$10.1 billion worth of goods in January, a year-on-year increase of 43.2 per cent, according to the General Statistics Office...

Textile exports to focus on four key markets in 2013

Among the four key export markets, the US market will continue to be the largest importer while Japan will possibly surpass the EU to become the second largest with...

SOEs fear they miss deadlines for capital withdrawal

Nearly all the state owned economic groups and general corporations have received orders from the Prime Minister on the procedure and deadline to implement the...

Exporters feel excited about widened door to Japanese market

Vietnamese enterprises have geared up to prepare to boost their exports to the Japanese market – the market which is believed to open more widely after the official...

Plastics exports to surpass $2 bln

Revenue from plastic exports is expected to rise 11-13.5 percent to hit $2 billion in 2013, according to the Vietnam Plastics Association (VPA).

Viet Nam opposes US shrimp subsidy lawsuit

Viet Nam has sent a notice of official opposition to the United States over an anti-subsidy lawsuit against Vietnamese frozen warm-water shrimp.

Many export items face trade defense risk

The number of trade defense cases against Vietnamese exports is forecast to continue the upward spiral this year, said Nguyen Hai at the law firm Mayer Brown JSM.

Dung Quat rakes in export revenue

Dung Quat Economic Zone in central Quang Ngai Province has earned US$350 million from exports last year.

VN state-run enterprise debts top $64.13 bln

Vietnamese state-owned groups and corporations recorded total revenues of over VND1,621 trillion in 2012, while their total debt was an immense VND 1,335 trillion...

Vietnam’s second oil refinery announced

Vietnam's second oil refinery, the US$9 billion Nghi Son plant, will be located in the Nghi Son Economic Zone in Thanh Hoa Province, and is expected to begin...


MOST READ


Back To Top