News

Vietnamese tuna exporters face many difficulties

Tuna
Fresh Skipjack Tuna
Seafood
Vietnam
Published May 26, 2023

Tridge summary

According to Ms. Kim Thu, tuna market expert of the Vietnam Association of Seafood Exporters and Producers (VASEP), in April 2023, Vietnam's tuna exports were still lower than in the same period last year. The value of tuna exports this month only reached $67 million, down 38% over the same period in 2022. Therefore, cumulatively in the first four months of the year, tuna exports still fell by 33%, reaching nearly $248 million. .

Original content

Tuna processing and exporting enterprises are facing many difficulties because of the plunge in the import market, the high price of raw tuna to the top, and the increase in production costs... Specifically, continuously since the beginning of the year, tuna fishing output in the sea areas is still low, causing the supply of raw materials to decrease. This has pushed skipjack prices to peaks. The price of frozen whole skipjack tuna with size >1.8kg in Bangkok, after a slight decrease from $1,750/ton to $1,700/ton, stabilized in February. However, the catch in the seas low and this has led to a decrease in the amount of skipjack tuna arriving at Bangkok ports. The price of tuna is also constantly increasing because of that. The price of frozen whole skipjack tuna with size >1.8kg in Bangkok rose to $2,050/ton in May, an increase of nearly 21% in just 3 months, and an increase of 8% over the same period. This is the highest price in the past 5 years. Along with high prices, low ...
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