Brazil consumes more Vietnamese pangasius

Monday, November 15, 2021  15:00

VOV.VN - Vietnam raked in US$47.44 million from exporting tra fish (pangasius) to Brazil by mid-October, representing an increase of over 1.5 times against the same period from last year, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). 

At present, roughly 20 local pangasius enterprises are participating in exporting their products to Brazil, including Southern Fishery Industries in Can Tho and Hung Ca 6 and Cadovimex II in Dong Thap, said Ta Ha, an expert from the VASEP.

The VASEP representative pointed out that the South American country’s strong demand for food imports is projected to increase sharply from now until the end of the year and into next year, creating opportunities for Vietnamese pangasius enterprises to boost exports to the market.

According to the latest statistics compiled by the International Trade Centre (ITC), Brazil’s total import value of frozen seafood products during the initial nine months of the year peaked by nearly 40% compared to the same period from last year, whilst its import of pangasius fillets from Vietnam soared by 41.3%.

Currently, approximately 96% of Vietnamese pangasius exports to this market are made up of frozen fillets, while the Southeast Asian nation is also the leading supplier of white-meat fish in Brazil.

Experts believe that there are bright prospects for pangasuis exports to Brazil and other South American markets in the future as soon as the COVID-19 pandemic is completely brought under control in the Mekong Delta region, with tra fish processing facilities gradually stabilising their processing capacity.