 Home > Food News > Food Articles > Vietnam's catfish export industry may benefit from Russia-Ukraine conflict

Vietnam's catfish export industry may benefit from Russia-Ukraine conflict

 Last Update: 2022-04-17
 Source: Internet
 Author: User

Tags

international fish oil standards

eu annex 1

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

From SeafoodNews on March 11, Vietnam’s VDS Securities predicted that Vietnamese catfish exports to China and the European Union may benefit from the Russian-Ukrainian conflict .

With Russia under international sanctions, there are many uncertainties about the future of Russia's fishing industry
.
During the conflict, South Korean ports will become transshipment points for Russian seafood exports to China
.

China has implemented a dynamic reset policy for the epidemic, so it has reduced the purchase of Russian seafood.
In 2021, the export value of Russian seafood to China will be 5.
85 billion US dollars, accounting for 18% of the total
.

Due to the competitive price of Vietnamese catfish, Vietnamese catfish sliced products will be the best substitute for Russian fish fillets
.

List of companies listed by VDS or that will benefit, such as IDI International Development & Investment Corporation, Nam Viet Corporation and Vinh Hoan Corporation
.

Vietnam's VND Securities, in line with VDS, predicts that Vietnam's catfish export industry may indirectly benefit from the conflict
.
EU sanctions against Russia will include green cod products, which will undoubtedly boost Vietnamese catfish exports, taking this opportunity to expand market share and increase export earnings
.

　　The EU is the fourth largest export destination for Vietnamese catfish.
Vietnam plans to produce 1.
6-1.
7 million tons of catfish this year, with export earnings expected to reach US$1.
6 billion
.

catfish China EU exports

　　Due to the competitive price of Vietnamese catfish, Vietnamese catfish sliced products will be the best substitute for Russian fish fillets
.

　　List of companies listed by VDS or that will benefit, such as IDI International Development & Investment Corporation, Nam Viet Corporation and Vinh Hoan Corporation
.

　　The EU is the fourth largest export destination for Vietnamese catfish.
Vietnam plans to produce 1.
6-1.
7 million tons of catfish this year, with export earnings expected to reach US$1.
6 billion
.

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

Hot Selling Flavor Additive CAS 120-14-9 Veratraldehyde/Methyl Vanilline /3, 4-Dimethoxybenzaldehyde

CAS No.: 120-14-9

Food Grade

$15-19/KG FOB

Food Preservative Sodium Benzoate

CAS No.: 532-32-1

Food Grade

$1.5-1.6/KG FOB

Titanium Dioxide Animal Feed Additives Anatase TiO2 99% Purity

CAS No.: 13463-67-7

$1800-2000/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.