US importers sharply increase orders for Vietnam tuna

( Currently, the export of tuna from Vietnam to overseas is increasing strongly, especially to the US market because businesses have received many orders. That is a good news for tuna fishermen and exporters in Vietnam, particularly in Khanh Hoa province – one of leading tuna producing provinces in Vietnam.

US importers sharply increase orders for Vietnam tuna

Mr. Nguyen Trung Hieu, Head of the Management Board of Hon Ro Fishing port and South Central Vietnam seafood market, said that after this early 2021 voyage, most of the tuna fishing vessels have achieved much higher yields than the fishing trips in 2020.

Specifically, on average, each fishing boat can catch 30-40 tuna pieces, equivalent to 1.2-1.5 tons, there are also boats that can catch 50-80 pc, equivalent to 2-3 tons. Besides, the businesses also purchased tuna at higher prices.

According to the tuna export enterprises in Khanh Hoa province, the reason for the increase in tuna price is because in January 2021, orders received by local businesses increased by 3-5 times, even 10 times higher than for months in 2020, especially from the US market.

According to Nguyen Thi Thu Thanh, Director of Sustainable Seafood Co., Ltd., tuna catching in countries such as India, Taiwan, Singapore ... are currently decreasing. This leads to a huge reduction in the source of tuna materials imported from abroad into Vietnam, while the inport prices increase considerably. The rise in the price of raw fish from abroad also raised the price of tuna purchased locally.

Mr. Le Buu Quoc, Head of Procurement Department of Thinh Hung Co., Ltd. also said that the increasing price of imported tuna mterial led the increase in the price of fish in the country. Although the export price of Vietnamese tuna to other markets is affected by Covid-19, businesses still have to purchase local material at higher prices to maintain production.

According to Mr. Quoc, businesses are currently receiving many export orders to the US. However, products exported to the US are mainly consumed at supermarkets since restaurants have not yet reopened, especially high-class restaurants.

In the context of the Covid-19 epidemic effect, businesses that receive orders for tuna export to the US are quite stable at the moment. Furthermore, the exporting product price has increased by about 4% compared to the previous month and has also recovered to before it was affected by Covid-19.

Mr. Huynh Dac Tri, Director of T&H Nha Trang Co., Ltd., shared that the tuna export market is normally operating, only the European market is still tightly controlled. Orders from other markets have also basically recovered, especially fresh tuna products of Vietnam are consumed stably.

“The US market demands are not reducing. Therefore, tuna exporters are increasingly purchasing to fulfill orders from their partners.” said Mr. Tri.

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