Raw materials for seafood export processing in short supply

HCMC – The shortages of materials for seafood export processing are forecast to last until the end of the year, according to the Ministry of Agriculture and Rural Development. Despite signs of export recovery observed in May and June, the persistently low prices of aquaculture products are continually eating into profits and fostering a cautious sentiment among farmers. The first half of 2023 saw seafood output reaching 4.27 million tons, 47.2% of the yearly target, with aquaculture products accounting for over 2.3 million tons. Such information will be relayed to farmers and relevant enterprises, allowing them to formulate response plans and strategies for farming, processing and export. It also encourages collaborative production networks to minimize intermediaries, guaranteeing a swift and cost-efficient delivery of input materials to farmers.