VIV Asia, Aquatic Asia: Viet Nam's Pangasius Production Forecast Down for 201318 March 2013
VIET NAM - Viet Nam is forecast to produce less pangasius this year as overseas market opportunities have decreased and there is very little local demand for the fish. Currently, around 96 per cent goes to export, writes Lucy Towers, TheFishSite Editor, reporting from VIV Asia 2013, Bangkok, Thailand.
Due to low domestic demand and decreasing market opportunities, pangasius production for 2013 is expected to be down by 30 per cent.
Farmers are also struggling with rising feed prices and the constant threat of Early Mortality Syndrome (EMS).
Although sales prices are increasing, they are not growing as quickly as feed prices. The cost of production for 2013 is roughly 22,000 dong/kilo, whilst farmgate sales prices are around 19,500- 21,000 dong/kilo.
The government is supporting the aquaculture industry, encouraging investment from banks. However, with past problems of fraudulent claims to owning farms eating up some of the $1.8 billion allocated to aquaculture, banks are unlikely to invest as much as they have previously.