Source: Ministry of Agriculture and Rural Development
According to the latest data from the US Marine Fisheries Service (NMFS), the average price of imported frozen pangasius in August 2020 in the US was $ 2.72 / kg, up 1.11% over the month. 7/2020 and 21.6% lower than the same month in 2019. The average US shrimp import price in August 2020 reached $ 8.51 / kg, up 1.3% compared to July 2020 and up 1.2% over the same month in 2019.
Seafood export value in October 2020 is estimated at 840 million USD, bringing the seafood export value in the first 10 months of 2020 to nearly 6.88 billion USD, down 2.5% over the same period in 2019. United States (1.17 billion USD, up 8.5%); Japan ($ 1.03 billion, down 3.2%); China ($ 837.52 million, up 0.1%) and South Korea ($ 558.43 million, down 1.2%) are the top four import markets of Vietnamese seafood in the first 9 months of 2020. accounting for 59.7% of the total seafood export value. In the first 9 months of 2020, a number of markets with a sharp increase in seafood export value: Switzerland increased 62.5%, reaching 29.05 million USD; Cambodia increased 37.4%, reaching 42.41 million USD; Romania increased 28.9%, reaching 6.19 million USD; The UK increased 22.9% to US $ 258.06 million. In contrast, some markets with a sharp decrease in seafood export value: Iraq decreased by 72.58%, reaching $ 2.94 million; India decreased 66, 69%, reaching 6.57 million USD; Algeria down 53.18%, reaching 3.15 million; Czech Republic decreased 46.52%, reaching 1.56 million USD.
According to VASEP’s forecast, Vietnam’s seafood export value in Q4 will reach about 2.3 billion USD, down slightly by 2% YoY, of which shrimp increase 9% to 1.1 billion USD, Pangasius decreased by 31% to 365 million USD, seafood products reached about 854 million USD, up 7.5% over the same period in 2019. With this forecast, seafood export in 2020 will reach 8.23 billion USD, down 4% compared to 2019, of which shrimp is estimated at nearly 3.7 billion USD, Pangasius is about 1.4 billion USD, while seafood export is more than 3.1 billion USD, down 3%.
In addition, the import value of seafood products in October 2020 is estimated at 137 million USD, bringing the total value of imported seafood in the first 10 months of 2020 to nearly 1.44 billion USD, down 1% over the same period. in 2019. Imported seafood sources in the first 9 months of 2020 are mainly from India (accounting for 14.4%), Norway (11.4%), and Japan (9.4%).
In the domestic market, the price of raw pangasius in the Mekong Delta provinces in October 2020 has recovered quite strongly, fluctuating around 21,000-22,000 VND / kg for grade I pangasius (700-900g / head). ), an increase of about 4,000 VND / kg compared to the previous month. The pangasius market is more active when the processing factories carry out many contracts to catch fish while the supply is not much. Demand for importing pangasius in major markets is showing signs of recovery after a long quiet period.
Raw shrimp prices in the Mekong Delta continued to be steady over the past month. In Bac Lieu, frozen black tiger shrimp sized 20, 30, head / kg increased 10,000 VND / kg compared to September, respectively to 200,000 VND / kg and 170,000 VND / kg, size 40 shrimp / kg, stable 140,000 VND / kg. The price of large-sized white shrimp increased by 5,000 VND / kg to reach 178,000 VND / kg, size of 30 shrimp increased by 5,000 VND / kg 125,000 VND / kg; small size 60 fish / kg is now worth 100,000 VND / kg, size 70 / kg 95,000 VND / kg, size 100 / kg 74,000 VND / kg. The Covid-19 epidemic had a strong impact on the shrimp industry when the food service business decreased by 80-90%. However, in the last months of the year, the shrimp market showed signs of recovery but was still slow
