Experts optimistic about catfish exports to Russia

17:49 | 24/08/2014

VGP – Viet Nam’s catfish exports to the US and Russia declined in the first seven months mainly due to technical barriers and anti-dumping tax.

The Viet Nam Customs reported that as of mid July, Viet Nam shipped nearly 892.83 million tons of catfish, or a year-on-year decrease of 2.1%.

In the reviewed period, the country earned over US$160 million from exporting catfish to the US, down 24.2% against the same period last year.

The US was outstripped by the EU to become the second largest catfish importer of Viet Nam by holding 18.3% of Viet Nam’s total catfish export volume compared to 23.9% in the same period last year.  

The Viet Nam Association of Seafood Exporters and Producers attributed the drop to the introduction of the 9th period of administrative review (POR 9) about the anti-dumping duty on catfish and basa fish imported from Viet Nam from August 1, 2011 to July 31, 2012.

Meanwhile, catfish shipment to the Russian market was on decline, making Russia no longer in the list of eight largest catfish importers of Viet Nam since 2013.

In the January-July period, Russia only imported 3.49 million tons of catfish from Viet Nam, down from 8.97 million tons last year.

However, experts forecast that exports to Russia would be more optimistic as the Department of Animal and Plant Quarantine of the Russian Federation (VPSS) has recently announced a lift of temporary import ban on seven Vietnamese aquatic producers to the Russian market and the Customs Union of Russia, Belarus and Kazakhstan./.

By Kim Loan