VASEP: A good year ahead for crab

The value of crab exports from Vietnam is up again in the first four months of 2015 compared to last year, creeping ever closer to USD 30 million (EUR 26.5 million).

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), values for the first four months of 2015 totaled USD 28.46 million (EUR 25.2), up 9.1 percent over the same period in 2014.

VASEP predicted that more crab would be exported in the coming months. The exports serve 28 markets worldwide, with the United States, the EU and Japan remaining the Top three. Australia’s market grew the most, by 170.3 percent, followed by Hong Kong with 94.2 percent market growth.

VASEP credited good inventory and rising prices for the improved numbers, with fuel prices remaining low. VASEP also predicted that the signing new free trade agreements with South Korea and the Eurasian Economic Union would give exports even more of a boost.

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