In 2010 pangasius export value at US$1.4 billion, not at US$1.5 billion of the plan. However, it is forecasted that in 2011 this situation is more stressful. The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecasted in the conference that the global demand for pangasius next year would be greater than the supply.
VASEP predicts that as per plan in 2011 the export pangasius production would only reach 360,000 MT, down nearly 40 percent compared to 2010. Its export turnover would be at 1 billion. As the price is currently at a high level, farmers dare not to breed again because they worry about the fluctuation of price. The rise in the feed price has led many farmers to extreme loss and so they leave their ponds.
Nguyen Huu Dzung, Standing Vice Chairman of VASEP believed that pangasius export in 2011 will be not backed down but can reach the near-peak level in 2008. he said that 2011 will mark the change in the quality of pangasius. Deputy Minister of Agriculture and Rural Development Luong Le Phuong stressed that “not so pessimistic”. Pangasius export next year may exceed the forecast if enterprises and farmers joint together to seek solutions to overcome difficulties.