Business

Tra fish exports to US see 10 percent price hike

The export price of Vietnamese tra fish bound for the US has risen by 0.3-0.4 USD per kilo, 10 percent higher than in mid-March, when the US Department of Commerce levied a new range of anti-dumping duties on the staple.
The export price of Vietnamese tra fish bound for the US has risenby 0.3-0.4 USD per kilo, 10 percent higher than in mid-March, when theUS Department of Commerce levied a new range of anti-dumping duties onthe staple.

According to deputy chairman of theVietnamese Association of Seafood Exporters and Producers (VASEP) DuongNgoc Minh, the new export prices are 3.75 USD a kilo for high-qualityfish and 3.56 USD for the normal breed.

Exportvolume has dropped since mid-March following the DOC decision, but arecent market survey found that most US importers are running out ofstock, so they have to bid higher in order to maintain supplies, Minhsaid.

Exports are expected to grow again next month,with prices forecast to increase up to 0.15 USD per kilo due to the USsupply shortage and rising prices in other exporting countries.-VNA
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