Tra fish exports to US see 10 percent price hike
Tra fish exports to US see 10 percent price hike
The export price of Vietnamese tra fish bound for the US has risen by US$0.3-0.4 per kilo, 10 percent higher than in mid-March, when the US Department of Commerce levied a new range of anti-dumping duties on the staple.
According to deputy chairman of the Vietnamese Association of Seafood Exporters and Producers (VASEP) Duong Ngoc Minh, the new export prices are $3.75 a kilo for high-quality fish and $3.56 for the normal breed.
Export volume has dropped since mid-March following the DOC decision, but a recent market survey found that most US importers are running out of stock, so they have to bid higher in order to maintain supplies, Minh said.
Exports are expected to grow again next month, with prices forecast to increase up to $0.15 per kilo due to the US supply shortage and rising prices in other exporting countries.
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