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Sunday, June 16, 2024

Tra fish exports hit all-time high

The Saigon Times

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HCMC – The tra fish export revenue this year is expected to set a new record of US$2.4 billion, soaring by 70% over 2021, according to the Vietnam Directorate of Fisheries under the Ministry of Agriculture and Rural Development.

The tra fish farming area in Vietnam is about 5,500 hectares with total output of 1.6 million tons.

The price of tra fish in the Mekong Delta has occasionally soared to a record high of VND45,000-55,000 per kilogram due to limited supply and rising demand over the last two years.

Despite production and financial constraints, the demand for Vietnamese tra fish surged by 40% to 200% in key markets during the period.

China is the biggest importer of Vietnam’s tra fish, followed by the U.S. These two nations accounted for half of Vietnam’s tra fish exports.

Dong Thap Province in the Mekong Delta is the country’s largest tra fish farming area with some 2,450 hectares.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien said that the tra fish industry played a key part in the country’s export activity despite a relatively short period of development.

The rise of the tra fish sector has significantly fueled the aquatic industry’s exports, added Tien.

Aquatic production saw a significant expansion in 2022, with an estimated 25% increase in export sales to more than US$11 billion.

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