Businesses at the European Seafood Exposition in Belgium have affirmed that they will import more tra fish from Vietnam in summer, according to the Vietnam Association of Seafood Exporters and Processors (VASEP).
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In addition, the US and Brazil will continue to import Vietnamese tra fish.
VASEP has decided to raise export prices in the third quarter of 2011 by USD0.2-0.3 per kilogramme. The price will increase from USD4.2 to USD4.5 per kilogramme in the US market and from USD3.4 to USD3.6 per kilogramme in European markets.
However, farmers dare not expand production on account of high loan rates and input costs, as well as difficulties in accessing capital. Currently, businesses are purchasing tra fish at VND28,000 (USD1.35) per kilogramme.
