The floor prices for exports of Tra fish will be enforced by the first quarter of next year, said Duong Ngoc Minh, Deputy Head of the Vietnam Association of Seafood Exporters and Producers (VASEP).

 

This is the result of a meeting between 20 largest Tra fish exporters of VASEP at the end of last week.

 

Floor prices are now US$3/kg for white meat Tra fish and US$2.05/kg for the red meat. The prices for Tra fish bought from farmers must be more than US$1/kg.

 

These prices will not be applied in the US market due to the difference in payment methods relating to anti-dumping taxes.

 

Minh also said that the demand for Tra fish in the EU market is still rising despite being listed on the World Wildlife Fund (WWF) red list. EU customers want more Tra fish for fear of short in supply from Vietnam in the future.

(CPV)