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    Home > Food News > Food Articles > Global pangasius production may decline in 2022, increasing uncertainty in the US market

    Global pangasius production may decline in 2022, increasing uncertainty in the US market

    • Last Update: 2022-02-17
    • Source: Internet
    • Author: User
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    At the Global Seafood Market Conference (GSMC) hosted by the National Fisheries Institute (NFI) , analysts forecast that global pangasius production will be about 3.
    25 million tons in 2021, and will decrease by 150,000 tons to 3.
    1 million tons in 2022 .

     
    The top five pangasius producing countries in the world are Vietnam (1.
    5 million tons), India (662,000 tons), China (468,000 tons), Bangladesh (465,000 tons) and Indonesia (206,000 tons)
    .
     
    In the third quarter of 2021, labor shortages and reduced processing capacity in Vietnam's Mekong Delta region due to the epidemic have resulted in a 30% to 55% drop in pangasius seedling rates
    .
    For example, many Vietnamese processing plants have mandated food and lodging for their employees, increasing the cost burden and the scarcity of skilled workers, resulting in a drop in output value
    .
     
    A source said that Vietnam's production capacity has now recovered to about 80%
    .
    U.
    S.
    importers have been subject to some regulatory intervention that has resulted in significant changes in merchandise sourcing habits
    .
    The pandemic has exacerbated market volatility, and pangasius is less well-known among consumers, and many restaurants are not buying it during a recession in the restaurant industry
    .
     
    Pangasius makes up less than 1% of U.
    S.
    restaurant menus, and many consumers don’t even know about pangasius, with only about 3% of consumers saying they love the product
    .
    If sales decline, suppliers may take a long time to make up, and shipping issues add to the complexity of the market
    .
     
    The operator said, "To order a pangasius container from Vietnam today, it may take 8 months to get the goods
    .
    As a merchant who loves fresh aquatic products, I am not sure if they have the patience
    .
    "
    American Fisheries Seafood
     
      The top five pangasius producing countries in the world are Vietnam (1.
    5 million tons), India (662,000 tons), China (468,000 tons), Bangladesh (465,000 tons) and Indonesia (206,000 tons)
    .
     
      In the third quarter of 2021, labor shortages and reduced processing capacity in Vietnam's Mekong Delta region due to the epidemic have resulted in a 30% to 55% drop in pangasius seedling rates
    .
    For example, many Vietnamese processing plants have mandated food and lodging for their employees, increasing the cost burden and the scarcity of skilled workers, resulting in a drop in output value
    .
     
      A source said that Vietnam's production capacity has now recovered to about 80%
    .
    U.
    S.
    importers have been subject to some regulatory intervention that has resulted in significant changes in merchandise sourcing habits
    .
    The pandemic has exacerbated market volatility, and pangasius is less well-known among consumers, and many restaurants are not buying it during a recession in the restaurant industry
    .
     
      Pangasius makes up less than 1% of U.
    S.
    restaurant menus, and many consumers don’t even know about pangasius, with only about 3% of consumers saying they love the product
    .
    If sales decline, suppliers may take a long time to make up, and shipping issues add to the complexity of the market
    .
     
      The operator said, "To order a pangasius container from Vietnam today, it may take 8 months to get the goods
    .
    As a merchant who loves fresh aquatic products, I am not sure if they have the patience
    .
    "
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