Export market for Frozen Cod in United States (11월, 2022)

The article highlights the surge in pangasius exports, with China and the US accounting for 30% and 23% of the market respectively, marking a 24% increase in volume and a 91% surge in value compared to the previous year. This trend reflects a shift in preference towards farmed fish due to market restrictions, particularly from Russia. In response, the Vietnamese government is focusing on the development of high economic value aquaculture to enhance the commercial value of its products and ensure sustainable practices, despite rising production costs. Aquaculture production has shown significant growth, with a 4.43% increase in cost and an 8.9% rise in production compared to the same period last year.