The price of Vietnamese pangasius is returning to its peak, with exports expected to reach 1.6 billion USD in 2022

Published 2022년 2월 25일

Tridge summary

The pangasius industry is experiencing a surge in selling prices, with an increase of 5,000 to 5,500 VND/kg compared to the end of 2021, ranging from 29,500 to 30,000 VND/kg. This price hike is due to a rise in the cost of raw materials and exports, limited fishing, and increased world prices of marine fish. The industry projects a growth of 20-25% in exports and a 5% increase in export prices in 2022, with the US and China being significant markets. However, the industry faces challenges such as high logistics costs, rising sea freight rates, and US inflation. There is potential for the industry to recover and grow, but it is crucial for functional industries to guide farmers and businesses to balance supply and demand and ensure the safety and profitability of production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

At the pangasius industry conference in 2022, the General Department of Fisheries said that the selling price of pangasius is currently ranging from 29,500 to 30,000 VND/kg, up from 5,000 to 5,500 VND/kg compared to the end of 2021. Mr. Tran Van Hung, General Director of Hung Ca Co., Ltd. said that the upward momentum of the price of pangasius raw materials and exports will last until April and peak in the end of 2022 - 2023. In addition, the price of gasoline has increased, the world price of marine fish has increased, and fishing has also been and will continue to be limited, this is an opportunity for pangasius to have a better foothold in the world market. With the same opinion, Ms. To Thi Tuong Lan, Deputy General Secretary of the Association of Seafood Exporters and Producers (VASEP) said that pangasius exports in 2022 will increase by 20-25% compared to 2021, the export price of pangasius will increase. expected to increase by about 5%. Currently, markets ...

Source: Vinanet