news Published on March 11, 2019

Aquatic exports earn USD1.1 billion in two months

VOV

Vietnam reaped an aggregated USD1.11 billion from aquatic exports during the first two months of the year, representing an annual rise of 4.4%, according to a source from the Ministry of Agriculture and Rural Development (MARD).

Of the figure, aquatic exports brought home USD372 million throughout February, said the MARD Department of Farm Produce Processing and Market Development.

Japan, the United States, China, and the Republic of Korea were the four largest importers of Vietnamese aquatic products during January, accounting for 53% of the sector’s total exports.

As per fluctuations in the domestic market, February saw the price of material tra fish fall by VND1,000 (43 US cents) to VND28,000-28,500. This was caused by the increased supply following the Tet (Lunar New Year) holidays, while tra fish orders remained at a low level across the reviewed period.

Meanwhile, the price of live sugpo shrimps continued to go up in the domestic market since local consumption, as in previous years, consistently shifted from animal flesh to seafood, including shrimp products, after the Tet holidays.