Vietnam's tuna orders increased sharply in January 2021

Published Feb 15, 2021

Tridge summary

Vietnamese tuna exporters in Khanh Hoa, Binh Dinh, and Phu Nen provinces have reported a significant increase in tuna orders from the US, Canada, Brazil, and Colombia in January, leading to a surge in export prices by 30% compared to the previous month. The rise in prices is attributed to a four to fivefold increase in orders. In 2020, the tuna export value to the EU increased by 0.5% to $1.26 billion, despite the pandemic. Notably, tuna exports to Italy, Germany, and Spain saw a rise of 60%, 20%, and 41% respectively, thanks to the EU-Vietnam Free Trade Agreement (EVFTA), which has eliminated tariffs on fresh and frozen Vietnamese tuna, canned tuna and fish balls, and certain fish fillets and tenderloins, effective from August 2020.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

From SeafoodNews on February 5th, tuna exporters from central provinces such as Khanh Hoa, Binh Dinh, and Phu Nen of Vietnam said that the number of tuna orders from the United States, Canada, Brazil and Colombia in January rose sharply from the same period last year. Due to an increase of four orders To five times, tuna export prices have also increased by 30% compared to the previous month. Last year, Vietnamese tuna seemed to make good use of the EU-Vietnam Free Trade Agreement (EVFTA), and the export value in the first 11 months increased by 0.5% year-on-year to 1.26 Billion U.S. dollars, tuna exports to Italy, Germany and Spain increased by 60%, 20% and 41% respectively. According to the Vietnam-Europe Agreement that came into effect on August 1, the EU has eliminated tariffs on fresh and ...
Source: Foodmate

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