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Seafood Exports Decreased 31 per cent in February

22 March 2013

VIET NAM - Viet Nam's seafood export in February 2013 declined 30.8 per cent reports VASEP. Total seafood export for the first two months of the year is down 0.6 per cent compared to the same period last year, reaching $779 million.

In February, exports of fish dropped 39 per cent and shrimp 33 per cent. Export of these items reduced due to resource and market constraints, reports VASEP.

Meanwhile, tuna is still favourable, thanks to a source of raw materials from mining.

There was a significant decline in exports to the US, which fell by nearly 10 per cent. To the EU they fell 33 per cent, Japan 33 per cent, Mexico 55 per cent and China at least 23.5 per cent.

Seafood forecast in March continued to reduce or slow down due to the problems in the first place. Shrimp exports will be difficult due to problems Ethoxyquin test in the Japanese market has not been resolved, while the risk of anti-subsidy tariffs in the U.S. market.

Meanwhile, Pangasius are facing major challenges and risk losing the US market after the US Department of Commerce (DOC) announced the results of anti-dumping in the first administrative review POR8 for Vietnamese catfish.


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