July 27, 2010

 

Vietnam's pangasius export value reaches over US$650 million

Pangasius has reached more than US$650 million for the first half of the year and is expected to rise to US$1.4 billion by the end of the year, said Duong Ngoc Minh, deputy chairman of VASEP.

 

Exports to markets such as Russia, the US, South America and Brazil have seen a positive growth rate.

 

However, prices for pangasius fell from US$2.28 per kilo last year to US$2.13 per kilo this year. The domestic price also fell by VND500-1,000 (US$0.03-0.05) per kilo, depending on the locality.