Tra fish exports likely to hit US$2.1 billion this year
The export turnover of tra fish is forecast to hit US$2.1 billion in 2018, up 22% against the previous year, according to the Ministry of Agriculture and Rural Development.
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| Workers process tra fish at a factory of the Southern Fishery Industries Co. Ltd in Can Tho city |
The ministry said the price of raw tra fish in the Mekong Delta region was at between VND35,000-VND36,000 (US$1.49-US$1.53) per kg.
With this price, tra fish farmers can earn profits of between VND6,000-VND9,000 per kg.
Tra processing enterprises are now purchasing raw materials to process export products amid a higher demand on global markets by the end of 2018.
However, they have faced a shortage of raw material for export processing because many farmers have stopped tra production as they lack young fish, the ministry said.
The ministry called on localities to re-plan their production entirely, encourage the application of science and technology, diversify export products and markets, and give priority to value-added products.
