Vietnam Pangasius Market Update : February 23, 2016
Vietnam pangasius raw material prices starting to move up.
Likely due to deferring of US farm bill from March 1 to April 15 so Vietnam pangasius processors speeding up production and shipments to stock product in US prior to bill enactment.
Some major Vietnam pangasius packers normally shipping 200+ fcl/month to USA but many slowed down to 100 +/-.
With the deferred enactment of US Farm bill, some major Vietnam packers may try to ship up to 300+ fcl over next 3-4 weeks to build stock in US prior to enforcement of bill. This raw material prices moving up.
