Aquatic export surges in January

Hanoi (VNA) – Fishery export value amounted to 560 million USD in the first month of 2018, up 15.6 percent from the same period last year.

Also in January, Vietnam imported 151 million USD worth of aquatic products, an annual increase of 55.8 percent.

According to the Ministry of Agriculture and Rural Development, fishing activities are in its high time of the year, with Phu Yen, Binh Dinh, and Khanh Hoa harvesting approximately 690 tonnes of tuna fish during the month.

In the domestic market, prices of Tra fish materials in the Mekong Delta region remained at high levels, ranging between 27,000 and 29,000 VND per kg due to supply shortage. The situation is unlikely to change soon, as export is brisk while supply sources expand only marginally.

The prices of shrimp are projected to follow an upward trend compare to the last month of 2017 thanks to increases in consumer and factory’s materials demand.

The US, Japan, China, and the Republic of Korea were top four importers of Vietnamese aquatic products last year, together accounting for 55 percent of the country’s total fishery exports.-VNA