Pangasius loses ground in Europe

The Vietnam Association of Seafood Exporters and Processors says the economic crisis in Europe has been a big contributor to the decline in exports and record cod supply last year exacerbated problems.

While Vietnamese government officials had forecast a stronger financial performance from the Southeast Asian country’s pangasius industry 12 months ago, it is credit to the enterprises involved that exports for 2012 managed to achieve a value of USD 1.8 billion (EUR 1.4 billion), which is …

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