Increase in aqua-products in Vietnam

In the first seven months of the year, output of aqua-products was 1,425,000 tons, a 6.8 per cent increase over the same period last year, with July alone showing an increase of 217,000 tons.

The Ministry of Agriculture and Rural Development said that fishermen are happy as they continue to rake profits despite four storms since the beginning of the year.

Although this is not the tuna season, the volume of fish is still quite high. Fishermen in the central province of Binh Dinh catch 5,635 tons of tuna, while their counterparts in the central provinces of Phu Yen catch 6,000 tons and Khanh Hoa only 1,000. In Tuy Hoa City in the central province of Phu Yen, there are 200 boats specializing in catching oceanic tuna.

According to the ministry, in July alone, breeders harvested 315,000 tons of aqua-products from breeding cages in the sea, pushing up the total output in first seven months of the year to 1,653,000 tons, a year-on-year increase of 5.8 percent.

Of this amount, breeders harvested around 635,400 tons of pangasius over a six hectare area.

Fortunately, after a drastic plunge of around VND18,000-19,000 per kilogram in mid July, raw pangasius surged to VND22,000-22,500 per kilogram. This is a positive sign indicating the recovery of pangasius market.

Increase in fish prices is good news for both farmers and processing units. With higher fish prices, farmers can sustain losses while processing units can be assured of enough raw stock for processing and exporting.

In Dong Thap and Vinh Long Provinces and Can Tho City, farms are again flourishing after several business enterprises receive bail out packages from the government.

By Van Phuc – Translated by Uyen Phuong

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