Director of Southern Fisheries Industry Co., Ltd. Tran Van Quang said that since the outbreak of COVID-19, the Chinese market was stuck and the company was no longer exporting to this market. However, thanks to diversified markets, the Chinese market decline is not a big problem for the Company. However, the market influence is of a chain nature, when the Chinese market is congested, many businesses turn to other markets, leading to competition by falling prices. Overseas customers see that so also find ways to lower prices and also appear hesitant psychology to wait for lower prices. All of which make exporting pangasius in markets difficult. Since the Chinese market reopened the official border gate because of the effective response to the COVID-19 influenza, pangasius export has also gradually stabilized.
The director of the East Sea Seafood Co., Ltd, Ngo Quang Truong, said that the old stock market was exhausted and there was an increasing trend due to COVID-19 epidemic. Truong said the US seafood market was in trouble three months ago, when the United States imposed high tariffs on Chinese goods and many exporters shifted from the Chinese market to the US, resulting in excess supply compared to demand. . The COVID-19 epidemic broke out from China, and the supply in the US market was redundant. However, the US market is now back to normal
Analytical similar to Mr. Truong, Ms. Nguyen Ngo Vi Tam, General Director of Vinh Hoan Corporation said that “Pangasius orders can increase suddenly”. According to Tam, frozen pangasius fillet is an essential food item in many markets, so there is a great demand both during and after the COVID-19 outbreak. Recently, orders from China decreased but likely to increase significantly in the second and third quarter of 2020, many customers of the Company in Europe also said that the order of pangasius might spike due to white meat fish. are processed in China as cod, pollock, haddock are stuck.
Source: Vietnam seafood
