Vietnam's pangasius exports rebounded sharply in October, hitting a two-year high

Le Thi Thuy Trang, sales manager of the Vietnam office of seafood trading company Siam Canadian Group, told UCN: "The price of pangasius in the last six months is 10%-12% higher than the previous six months. The current export price to the EU is $3.00/kg. The market is more active. The US inventory is very low and the purchase volume is also increasing. The Chinese market will also increase purchases around the Lunar New Year, mainly 1.6 kg large fish, which are VND higher than small and medium sizes. 2,000/kg." On the other hand, Vietnamese fish farmers are not in a hurry to sell fish, they hope to raise the fish to a larger size to get a premium. The processing plants have basically run out of their own fish, and they cannot rotate crops during the rainy season, so they can only buy raw materials from outside. Therefore, prices may continue to rise. After a sluggish September, Vietnam's exports reached 90,207 tons in October, up 17% year-on-year and 25% month-on-month. Most ...