Pangasius export price to the U.S. up to 10 percent

Duong Ngoc Minh, Vice Chairman of Vietnam Association of Seafood Exporters and Producers (VASEP) said that the price of pangasius exported to the U.S. market has increased to US$3.56 per kilogram for standard products and US$3.75 per kilogram for high quality products, up to 10 percent (US$0.3 – 0.4) compared to the price recorded in the middle of March. At that time the DOC published its decision to raise the antidumping tax on Vietnam pangasius in the eighth administration review (POR8) The higher price of pangasius shows that the U.S. market still has high demand for pangasius imported from Vietnam. In March 2013, U.S. import of pangasius from Vietnam plunged while a recent market study reported that domestic fish inventory fell to a low level. U.S. buyers were pushed to import more pangasius to supply the market. Mr. Minh predicted that import would recover in April. Export price is expected to increase by US$0.1 – 0.15 per kilogram in the third quarter of 2013 due to short supply of pangasius and rising price of other species in the U.S. market. In the first two months of this year, the U.S imported 29,2 million pounds of frozen pangasius fillet from Vietnam, 18.6 percent down over the same period of last year.

Source: Vasep

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