Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade XRPUSD, Bitcoin and Cryptocurrencies

BUY & SELL XRPUSD | View XRPUSD News & Updates

Buy Sell XRPUSD, Bitcoin and Cryptocurrencies

Rising catfish prices fail to lure farmers   2009-03-18 - VietNamNet/Viet Nam News

Prices of tra catfish in the Cuu Long (Mekong) Delta have begun to rise but farmers are still staying away from breeding them.

Viet Nam plans to produce 1.3-1.5 million tonnes and export US$1.5 billion worth of the catfish products this year.

Heavy losses inflicted by a drastic drop in prices last year coupled with high production costs are the main inhibiting factors.

In the Mekong Delta, the country's major tra catfish breeding region, the area devoted to breeding the fish reduced by 600ha over six months to 5,240ha at the end of last year, according to the Aquaculture Department under the Ministry of Agriculture and Rural Development.

In provinces that were leading producers of the catfish like An Giang and Dong Thap, 30 per cent of the ponds are lying unused after farmers suffered losses due to oversupply last year.

Nguyen Huu Dung, deputy chairman of the Viet Nam Association of Seafood Exporters and Producers (VASEP), said to avoid the situation of oversupply or severe shortage of catfish at a given time, seafood processors should regulate the fish breeding quantity by signing contracts with farmers to guarantee consumption of their entire output.

"This is very important because there are many export markets for catfish now and the potential of the fish breeding in the delta is very large," Dung said.

He also called for measures to limit the increase of seafood processing establishments in order to maintain a balance between production and consumption and prevent unhealthy competition.

To manage catfish exports better in the near future, VASEP plans to appoint a group leader for every export market that will inform other enterprises about export prices to serve as reference for the latter when they sign export contracts.

This is expected to prevent the dumping of export price that have caused huge losses for farmers.

After 10 years of developing catfish breeding and processing, the tra catfish is exported to 107 countries and territories.

Viet Nam plans to produce 1.3-1.5 million tonnes and export US$1.5 billion worth of the catfish products this year.

Last year, the delta produced 1.2 million tonnes and exported 633,000 tonnes of catfish products worth $1.44 billion.

Other news

Domestic market – a power base for locally-made products   2009-03-18

Vietnam 2009 growth seen at 0.3% percent - analyst   2009-03-18

BUSINESS IN BRIEF 18/3   2009-03-18

Domestic investment a must amidst global crisis   2009-03-18

Exchange rate cannot please everyone   2009-03-18

HCM City: Fast food shops mushrooming   2009-03-18

Consumers don’t bite on bank loan bait   2009-03-18

Russian market to open up for Vietnam’s catfish again   2009-03-18

Fishermen have to swim alone with ocean tuna   2009-03-18

Power transmission projects slow because capital short   2009-03-18

Vietnamese shunning domestic goods   2009-03-18

Dong Nai signs deal for livestock industry   2009-03-18

Banks need green loan guidelines   2009-03-18

No worries in US$ bond issuance: expert   2009-03-18