China pangasius farming for Vietnam competition – Market


Wednesday 21/11/2018 11:30 AM (GMT + 7)

Chinese enterprises are pushing up an domestic catfish farm but quality is significantly lower than Vietnam's pangasius.

According to Vietnam's Exporters and Producers Association (VASEP), in the first 10 months of 2018, the catfish export to China (including Hong Kong) reached $ 437.9 million, up 30, 6% over the same period in 2017 and up 38% over September -2018.

Although export growth to this market is "cool" compared to its ability to continue in double numbers.

China pangasius farming for a Vietnam tournament - 1

Pangasius is the main seafood products of Vietnam

At the moment, Vietnam is a? largest group of white saga (cod, hole, pangasius, etc.) to China after Russia and Norway with a 5.7% market share.

According to VASEP, some Chinese businesses invest in pangasius farming in China and, enter into and enter & # 39; pangasius out in the future.

The Chinese-American tilapia produces Chinese tilapia very "corrupt" in the US market, and so Chinese tilapia companies have a " move their focus to pangasius representation.

But, because Jane has just attracted pangasius, meat is much lower than Vietnam's pangasius. There is a golden fish meat, which is invite users. However, this move on Vietnam's campaigns has been to calculate their calculation into a time contract.

At this time Pangasius has always been the highest ever, from 35,000 to 36,000 VND / kg, the price of pangasius is also an export price, an average of 3.35 USD / kg as a result of a favorable product a lot of big markets.

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