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ANMYFISHCO pangasius export value up 10 percent |
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Friday, October 28, 2011 00:00 |
In first three quarters of 2011, An My Fish Joint Stock Company (ANMYFISHCO) recorded a rise of 10 percent in the total export value and pangasius export volume was considerably up over the same period of last year.
However, according to Tran Thi Thuy, General Director of ANMYFISHCO, it failed to reach target for pangasius export value as result of rocketing production costs.This year, Mekong Delta is facing crucial scarcity of qualified pangasius fingerling. In addition, the spike of input costs like fingerling, aquaculture medicine, feed, bank loans made farmers to hesitate to stock fish. As prediction of short supply, some companies actively invested in pangasius farming. Some others depending on other supplies limited their operation or even closed their processing operations.
Currently, prices of pangasius in Mekong Delta keep increasing while export prices are stalling. In the context of high raw material prices, processors are struggling to complete orders in the last months of the year. In 2011, ANMYFISHCO does not try to reach high revenue target but concentrates on production in an effort to satisfy pangasius orders, improve quality of its products, and keep the company’s reputation.
Source: VASEP
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