Tuna exports to Europe jump 20%

Jun 4th at 10:25
04-06-2013 10:25:02+07:00

Tuna exports to Europe jump 20%

While tra fish and shrimp exports face difficulties due to dumping accusations and antibiotic problems, Vietnamese tuna enjoys high consumption in Europe.

 

According to the Ministry of Agriculture and Rural Development, the export turnover of tuna reached US$155 million in the first five months of this year, up nearly 20 per cent year-on-year.

Explaining the high growth, the Viet Nam Association of Seafood Exporters and Producers (VASEP) said the European market had increased tuna imports after a long period of importing only small amounts due to economic difficulties.

However, the export value of Vietnamese tuna would rise even higher if fishermen stopped using bright lights to attract tuna, VASEP said. This method makes catching cheaper but results in lower quality tuna.

Together with tra fish, tuna is now one of the major seafood exports of Viet Nam.

Tuna obtained an export turnover of $380 million in 2011, accounting for 6.3 per cent of the country's seafood exports, and was exported to 83 countries.

Its export value rose to nearly $570 million last year, with the US market accounting for over $245 million (42 per cent) and the European market $114 million (20 per cent).

Meanwhile, the Mekong Delta provinces shipped 237,000 tonnes of tra fish in the five-month period, earning $616 million, down 6 per cent year-on-year.

The regional provinces zoned off 5,700ha of water surface for tra fish breeding and supplied 390,000 tonnes of material tra fish to processing factories.

The Ministry of Agriculture and Rural Development (MARD) said local breeders still faced difficulties, as production costs were higher than selling prices and bank loans were hard to access.

To help the farmers, the provinces have sent technical staff to show them how to meet export standards. They have also encouraged the breeders to apply new farming methods to improve the quality of their fish.

vietnamnews



NEWS SAME CATEGORY

Supply chain services booming on Vietnam’s logistics market opening

DHL Supply Chain (DSC) has announced its plan to invest $13 million in Vietnam to expand its business scale here in anticipation of the Vietnam’s logistics market...

Vietnam willing to faciliate Singaporean investment

Vietnam is willing to create favourable conditions for Singaporean businesses to expand their investments, said Prime Minister Nguyen Tan Dung while meeting with...

Forval opens door to more IP investment

Japan’s Forval Corporation will help unlock the door for dynamic Japanese enterprises to enter two Vietnamese industrial parks.

Travel agencies demand greater industry cohesion

A tourism-stimulation programme launched by the National Administration of Tourism is hampered by a lack of co-operation among service suppliers, travel agency...

The invasion of Chinese sturgeons into Vietnam warned

Experts have voiced their concern over the flooding of Chinese sturgeons in the Vietnamese market, which would kill the Vietnamese sturgeon farming industry.

VASEP opposes US shrimp subsidy decision

The Viet Nam Association of Seafood Exporters and Producers (VASEP) has expressed opposition to a preliminary decision by the US Department of Commerce (DOC) on...

Future FTA to fuel Viet Nam, EU trade

The European Union (EU) and Viet Nam stand to benefit from a bilateral free-trade agreement to be signed by the end of next year, officials said at a business forum...

Companies demand better aquaculture management as financial losses mount

Management of the aquaculture industry must be improved so that seafood processors and exporters can overcome current financial difficulties, industry officials...

Transport firms slam road usage fees

A seminar held by local transport companies in Ho Chi Minh City on Thursday was flooded with complaints over the road-use fee policy that the firms say is...

Japan investors from Thailand want to enter Vietnam

Not only Japanese firms operating in China but those in Thailand are also eyeing Vietnam as a favorite destination for business, said Hirotaka Yasuzumi, managing...


MOST READ


Back To Top