Vietnam Pangasius Market Update : October 12, 2015
Raw material supplies of Vietnam pangasius are mostly unchanged and prices remain steady. However the cost of processing is increasing. Fuel cost has increased to 170VND/l. But selling price of pangasius is not able to move up due to lack of demand in the market.
Sellers have gained some benefit with the exchange rate but not enough to overcome rising production costs. Current exchange rate is 22,500 VND/USD Vs 22,000 last year.
The demand for pangasius in Asia, especially China as well as Middle East and some from Latin American countries is currently stronger than in most western countries. However the quality standard for those newer markets is less consistent.