New Vietnam catfish export strategy backfires

Vietnamese catfish processors and exporters once hoped that they could boost the catfish exports to the U.S., thus helping boost the Vietnamese catfish industry.

However, the dream cannot come true. The exports to the U.S. and the export price could only increase for a short time in the post-POR 8 period, and then have decreased sharply, now hovering around USD 1.40 to USD 1.50 per pound.

This is the price level that, according to the Vietnam Association of Seafood Exporters and Producers (VASEP) Chair Tran Thien Hai, is even lower than the export prices in the pre-POR 8 period.

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