April 30, 2008

 

Vietnam's pangasius fish wins more Australian consumers

 

 

Vietnam's exports of pangasius fish products to Australia are projected to increase in the coming months as consumers expressed keen interest on the product, the Vietnam Trade Information Center (VTIC).

 

Pangasius exports account for more than 55 percent of Vietnam's total seafood revenues and 38 percent of volume during the first three months of 2008.

 

Between January and March, Vietnam exported 4,360 tonnes of seafood products valued at US$20.35 million to Australia, with 2,400 tonnes of which were pangasius worth US$7.6 million, up 39 percent on-year in volume and 25 percent in value.

 

Prices of pangasius to Australia are expected to rise to US$3.5 per kilogramme from previous US$3.03 a kilo.

 

Frozen shrimp is still the biggest cash earner of Vietnam in Australia, making up for 35 percent in terms of value and 17 percent in terms of volume in the first quarter of 2008.