Korea is Vietnam's largest export market of squid and octopus

Source: mekongasean.vn According to VASEP, the export turnover of squid and octopus decreased due to the impact of inflation and the global economic recession, which reduced consumption demand from markets. In addition, exporters of squid and octopus continue to face disadvantages in terms of raw material costs and unfavorable weather for fishing activities. Currently, the IUU yellow card has not been removed, the catch is unstable, leading to high raw material prices, the cost of raw materials has increased in the past time but has not been adjusted in time in the current period. production costs increase. This reduces the competitiveness of businesses. VASEP forecasts that the third quarter of export activities will be better than the previous two quarters. But the source of raw materials will be difficult because the fishing output in the world's seas is decreasing, along with the ban on fishing in the seas starting to take effect, and the next rainy season will reduce the ...