Fear of food crisis in the EU: An opportunity for Vietnamese pangasius

The contagion effect of the war in Ukraine has been felt all over the world. From rocking energy markets to fueling Europe's growing refugee crisis. Experts warn that the conflict could have even bigger impacts, including triggering an impending food crisis. The EU is the main trading partner of agricultural, food and seafood products with Russia and Ukraine. So now the European Union is facing the threat of food security. The war in Ukraine and sanctions against Russia have shifted Europe's economy and markets on a much larger scale than in previous crises like the Covid-19 pandemic. Inflation in Europe is hitting a record high and threatens to undermine a manufacturing resumption that began last year as economies struggled to bounce back from the coronavirus pandemic. It is forecasted that food prices in Europe will increase to unprecedented levels, this is an opportunity for pangasius enterprises to return to this market after many years of stagnation. Moreover, the fact that ...